Common use of LESSOR'S PURCHASE AND PERFORMANCE Clause in Contracts

LESSOR'S PURCHASE AND PERFORMANCE. Upon receipt of a Lease Schedule executed and delivered by Lessor, Lessee shall bear all responsibilities and perform all material obligations of Lessor, which may arise as a result of any document or agreement between Lessor and a vendor in connection with the Equipment to be leased under said Lease Schedule, other than payment of the purchase price; provided that Lessor has provided materially correct and complete copies of any and all such documents and agreements to Lessee prior to the execution of such Lease Schedule.

LESSOR'S PURCHASE AND PERFORMANCE. Upon receipt of a Lease Schedule executed and delivered by LessorLessee, Lessee shall bear all responsibilities and perform all material obligations of Lessor, which may arise as a result of any document or agreement between Lessor and a vendor in connection with the Equipment to be leased under said Lease Schedule, other than payment of the purchase price; provided that Lessor has provided materially correct and complete copies of any and all such documents and agreements to Lessee prior to the execution of such Lease Schedule.