Common use of LESSEE'S WAIVERS Clause in Contracts

LESSEE'S WAIVERS. To the extent permitted by applicable law, Lessee hereby waives any and all rights and remedies conferred upon a lessee by Sections 2A-508 through 2A-522 of the UCC. To the extent permitted by applicable law, Lessee also hereby waives any rights now or hereafter conferred by statute or otherwise which may require Lessor to sell, lease or otherwise use any Equipment in mitigation of Lessor's damages as set forth in Paragraph 22 above or which may otherwise limit or modify any of Lessor's rights or remedies under Paragraph 22. Any action by Lessee against Lessor for any default by Lessor under any Lease shall be commenced within one year after any such cause of action accrues.

Appears in 5 contracts

Samples: Master Lease Agreement (Ameritruck Distribution Corp), Master Lease Agreement (La Jolla Pharmaceutical Co), Master Lease Agreement (Abgenix Inc)

AutoNDA by SimpleDocs

LESSEE'S WAIVERS. To the extent permitted by applicable law, Lessee hereby waives any and all rights and remedies conferred upon a lessee by Sections 2A-508 through 2A-522 of the UCC. To the extent permitted by applicable law, Lessee also hereby waives any rights now or hereafter conferred by statute or otherwise which may require Lessor Lessors to sell, lease lease, or otherwise use any Equipment in mitigation of Lessor's Lessors’ damages as set forth in Paragraph 22 20 above or which may otherwise limit or modify any of Lessor's Lessors’ rights or remedies under Paragraph 2220 above. Any action by Lessee against Lessor Lessors for any default by Lessor Lessors under any Lease shall be commenced within one year after any such cause of action accrues.

Appears in 3 contracts

Samples: Lease Agreement (PLM Equipment Growth Fund Vi), Lease Agreement (PLM Equipment Growth & Income Fund Vii), Lease Agreement (PLM Equipment Growth Fund V)

LESSEE'S WAIVERS. To the extent permitted by applicable law, ,Lessee hereby waives any and all rights and remedies conferred upon a lessee by Sections 2A-508 through 2A-522 of the UCC. To the extent permitted by applicable law, Lessee also hereby waives any rights now or hereafter conferred by statute or otherwise which may require Lessor to sell, lease lease, or otherwise use any Equipment in mitigation of Lessor's damages as set forth in Paragraph 22 above or which may otherwise limit or modify any of Lessor's rights or remedies under Paragraph 22. Any action by Lessee against Lessor for any default by Lessor under any Lease shall be commenced within one year after any such cause of action accrues.

Appears in 2 contracts

Samples: Master Lease Agreement (Dyax Corp), Master Lease Agreement (Dyax Corp)

LESSEE'S WAIVERS. To the extent permitted by applicable law, Lessee hereby waives any and all rights and remedies conferred upon a lessee by Sections 2A-508 through 2A-522 of the UCC. To the extent permitted by applicable law, Lessee also hereby waives any rights now or hereafter conferred by statute or otherwise which may require Lessor to sell, lease lease, or otherwise use any Equipment in mitigation of Lessor's damages as set forth in Paragraph 22 above or which may otherwise limit or modify any of Lessor's rights or remedies under Paragraph 22. Any action by Lessee against Lessor for any default by Lessor under any Lease shall be commenced within one year after any such cause of action accrues.

Appears in 2 contracts

Samples: Sale and Leaseback Agreement (Lightspan Partnership Inc), Master Lease Agreement (Progenitor Inc)

LESSEE'S WAIVERS. To the extent permitted by applicable law, Lessee hereby waives any and all rights and remedies conferred upon a lessee by Sections 2A-508 through 2A-522 of the UCC. To the extent permitted by applicable law, Lessee also hereby waives any rights now or hereafter conferred by statute or otherwise which may require Lessor to sell, lease or otherwise use any Equipment in mitigation of Lessor's damages as set forth in Paragraph 22 20 above or which may otherwise limit or modify any of Lessor's rights or remedies under Paragraph 2220. Any action by Lessee against Lessor for any default by Lessor under any Lease shall be commenced within one year after any such cause of action accrues.

Appears in 1 contract

Samples: Master Lease Agreement (Closure Medical Corp)

LESSEE'S WAIVERS. To the extent permitted by applicable law, ---------------- Lessee hereby waives any and all rights and remedies conferred upon a lessee by Sections 2A-508 through 2A-522 of the UCC. To the extent permitted by applicable law, Lessee also hereby waives any rights now or hereafter conferred by statute or otherwise which may require Lessor to sell, lease lease, or otherwise use any Equipment in mitigation of Lessor's damages as set forth in Paragraph 22 above or which may otherwise limit or modify any of Lessor's rights or remedies under Paragraph 22. Any action by Lessee against Lessor for any default by Lessor under any Lease shall be commenced within one year after any such cause of action accrues.

Appears in 1 contract

Samples: Master Lease Agreement (Genomica Corp /De/)

LESSEE'S WAIVERS. To the extent permitted by applicable law, Lessee hereby waives any and all rights and remedies conferred upon a lessee by Sections 2A-508 2A-503 through 2A-522 of the UCC. To the extent permitted by applicable law, Lessee also hereby waives any rights now or hereafter conferred by statute or otherwise which may require Lessor to sell, lease lease, or otherwise use any Equipment in mitigation of Lessor's damages as set forth in Paragraph 22 above or which may otherwise limit or modify any of Lessor's rights or remedies under Paragraph 22. Any action by Lessee against Lessor for any default by Lessor under any Lease shall be commenced within one year two years after any such cause of action accrues.

Appears in 1 contract

Samples: Master Lease Agreement (Genomic Solutions Inc)

LESSEE'S WAIVERS. To the extent permitted by applicable law, Lessee hereby waives any and all rights and remedies conferred upon a lessee by Sections 2A-508 through 2A-522 of the UCC. To the extent permitted by applicable law, Lessee also hereby waives any rights now or hereafter conferred by statute or otherwise which may require Lessor to sell, lease lease, or otherwise use any Equipment in mitigation of Lessor's damages as set forth in Paragraph 22 above or which may otherwise limit or modify any of Lessor's rights or remedies under Paragraph 22. Any action by Lessee against Lessor for any default by Lessor under any Lease shall be commenced within one year after any such cause the last day of action accruesthe later of the Term or Renewal Term.

Appears in 1 contract

Samples: Master Lease Agreement (Millennium Pharmaceuticals Inc)

AutoNDA by SimpleDocs

LESSEE'S WAIVERS. To the extent permitted by applicable law, Lessee hereby waives any and all rights and remedies conferred upon a lessee by Sections 2A-508 through 2A-522 of the UCC. To the extent permitted by applicable law, Lessee also hereby waives any rights now or hereafter conferred by statute or otherwise which may require Lessor to sell, lease lease, or otherwise use any Equipment in mitigation of Lessor's damages as set forth in Paragraph 22 above or which may otherwise limit or modify any of Lessor's rights or remedies under Paragraph 22. Any action by Lessee against Lessor for any default by Lessor under any Lease shall be commenced within one year two years after any such cause of action accrues.

Appears in 1 contract

Samples: Master Lease Agreement (Endocardial Solutions Inc)

LESSEE'S WAIVERS. To the extent permitted by applicable law, Lessee hereby waives any and all rights and remedies conferred upon a lessee by Sections 2A-508 through 2A-522 of the UCC. To the extent permitted by applicable law, Lessee also hereby waives any rights now or hereafter conferred by statute or otherwise which may require Lessor to sell, lease or otherwise use any Equipment in mitigation of Lessor's ’s damages as set forth in Paragraph 22 Section 21 above or which may otherwise limit or modify any of Lessor's ’s rights or remedies under Paragraph 22this Agreement. Any action by Lessee against Lessor for any default by Lessor under any Lease shall be commenced within one year after Lessee becomes aware that any such cause of action accrues.

Appears in 1 contract

Samples: Master Lease Agreement (Calumet Specialty Products Partners, L.P.)

LESSEE'S WAIVERS. To the extent permitted by applicable law, Lessee hereby waives any and all rights and remedies conferred upon a lessee by Sections 2A-508 through 2A-522 of the UCC. To the extent permitted by applicable law, Lessee also hereby waives any rights now or hereafter conferred by statute or otherwise which may require Lessor to sell, lease or otherwise use any Equipment in mitigation of Lessor's damages as set forth in Paragraph 22 16 above or which may otherwise limit or modify any of Lessor's rights or remedies under Paragraph 2216. Any action by Lessee against Lessor for any default by Lessor under any Lease shall be commenced within one year after any such cause of action accrues.

Appears in 1 contract

Samples: Master Lease Agreement (American Tissue Inc)

LESSEE'S WAIVERS. To the extent permitted by applicable law, Lessee hereby waives any and all rights and remedies conferred upon a lessee by Sections 2A-508 through 2A-522 of the UCC. To the extent permitted by applicable law, Lessee also hereby waives any rights now or hereafter conferred by statute or otherwise which may require Lessor to sell, lease lease, or otherwise use any Equipment in mitigation of Lessor's damages as set forth in Paragraph 22 21 above or which may otherwise limit or modify any of Lessor's rights or remedies under Paragraph 2221. Any action by Lessee against Lessor for any default by Lessor under any Lease shall be commenced within one year after any such cause of action accrues.

Appears in 1 contract

Samples: Master Lease Agreement (Continuus Software Corp /Ca)

LESSEE'S WAIVERS. To the extent permitted by applicable law, Lessee hereby waives any and all rights and remedies conferred upon a lessee by Sections 2A-508 through 2A-522 of the UCC. To the extent permitted by applicable law, Lessee also hereby waives any rights now or hereafter conferred by statute or otherwise which may require Lessor to sell, lease or otherwise use any Equipment Property in mitigation of Lessor's ’s damages as set forth in Paragraph 22 Section 21 above or which may otherwise limit or modify any of Lessor's ’s rights or remedies under Paragraph 22this Agreement. Any action by Lessee against Lessor for any default by Lessor under any Lease shall be commenced within one year after Lessee becomes aware that any such cause of action accrues.

Appears in 1 contract

Samples: Master Lease Agreement (Calumet Specialty Products Partners, L.P.)

Time is Money Join Law Insider Premium to draft better contracts faster.