Common use of Liens and Taxes Clause in Contracts

Liens and Taxes. Lessor shall keep the Equipment free and clear of liens and encumbrances. Lessee shall not be responsible for any taxes (property, local, state, or federal) related to ownership of the Equipment. Lease payments shall be made in accordance with Payment Schedule (Exhibit C attached hereto and made a part hereof). The Lease payments for Equipment during the Term shall be payable to the Lessor in the amounts and sent to the address as specified on a per schedule basis on the Assignment Acknowledgement Lease payments shall be paid on a basis. First Lease payment shall be due no less than thirty (30) days after Lease Commencement Date or Lessor billing date, whichever is the later, for all Equipment. LESSEE MAY NOT SELL, PLEDGE, TRANSFER, ASSIGN OR SUBLEASE THE EQUIPMENT OR THIS LEASE AGREEMENT OR ANY SCHEDULE. Lessor may sell, assign, or transfer all or any part of this Lease Agreement, any Schedule, and/or the Equipment. Assignment requires Lessee’s prior written approval which will not be unreasonably withheld. The new owner will have the same rights that Lessor had, but Lessee agrees Lessee will not assert against the new owner any claims, defenses or set-offs that Lessee may have against Lessor or any supplier. The parties agree that any assignment will not materially affect Lessee’s rights and benefits under this Lease Agreement or any Schedule.

Appears in 3 contracts

Samples: Master Agreement, Master Agreement, Master Agreement

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Liens and Taxes. Lessor shall keep the Equipment free and clear of liens and encumbrances. Lessee shall not be responsible for any taxes (property, local, state, or federal) related to ownership of the Equipment. Lease payments shall be made in accordance with Payment Schedule (Exhibit C attached hereto and made a part hereof). The Lease payments for Equipment during the Term shall be payable to the Lessor in the amounts and sent to the address as specified on a per schedule basis on the Assignment Acknowledgement Lease payments shall be paid on a _basis. First Lease payment shall be due no less than thirty (30) days after Lease Commencement Date or Lessor billing date, whichever is the later, for all Equipment. LESSEE MAY NOT SELL, PLEDGE, TRANSFER, ASSIGN OR SUBLEASE THE EQUIPMENT OR THIS LEASE AGREEMENT OR ANY SCHEDULE. Lessor may sell, assign, or transfer all or any part of this Lease Agreement, any Schedule, and/or the Equipment. Assignment requires Lessee’s prior written approval which will not be unreasonably withheld. The new owner will have the same rights that Lessor had, but Lessee agrees Lessee will not assert against the new owner any claims, defenses or set-set- offs that Lessee may have against Lessor or any supplier. The parties agree that any assignment will not materially affect Lessee’s rights and benefits under this Lease Agreement or any Schedule.

Appears in 1 contract

Samples: Master Agreement

Liens and Taxes. Lessor shall keep the Equipment free and clear of liens and encumbrances. Lessee shall not be responsible for any taxes (property, local, state, or federal) related to ownership of the Equipment. Lease payments shall be made in accordance with Payment Schedule (Exhibit C attached hereto and made a part hereof). The Lease payments for Equipment during the Term shall be payable to the Lessor in the amounts and sent to the address as specified on a per schedule basis on the Assignment Acknowledgement Lease payments shall be paid on a _ basis. First Lease payment shall be due no less than thirty (30) days after Lease Commencement Date or Lessor billing date, whichever is the later, for all Equipment. LESSEE MAY NOT SELL, PLEDGE, TRANSFER, ASSIGN OR SUBLEASE THE EQUIPMENT OR THIS LEASE AGREEMENT OR ANY SCHEDULE. Lessor may sell, assign, or transfer all or any part of this Lease Agreement, any Schedule, and/or the Equipment. Assignment requires Lessee’s prior written approval which will not be unreasonably withheld. The new owner will have the same rights that Lessor had, but Lessee agrees Lessee will not assert against the new owner any claims, defenses or set-set- offs that Lessee may have against Lessor or any supplier. The parties agree that any assignment will not materially affect Lessee’s rights and benefits under this Lease Agreement or any Schedule.

Appears in 1 contract

Samples: Master Agreement

Liens and Taxes. Lessor shall keep the Equipment free and clear of liens and encumbrances. Lessee shall not be responsible for any taxes (property, local, state, or federal) related to ownership of the Equipment. Lease payments shall be made in accordance with Payment Schedule (Exhibit C attached hereto and made a part hereof). The Lease payments for Equipment during the Term shall be payable to the Lessor in the amounts and sent to the address as specified on a per schedule basis on the Assignment Acknowledgement Lease payments shall be paid on a _ basis. First Lease payment shall be due no less than thirty (30) days after Lease Commencement Date or Lessor billing date, whichever is the later, for all Equipment. LESSEE MAY NOT SELL, PLEDGE, TRANSFER, ASSIGN OR SUBLEASE THE EQUIPMENT OR THIS LEASE AGREEMENT OR ANY SCHEDULE. Lessor may sell, assign, or transfer all or any part of this Lease Agreement, any Schedule, and/or the Equipment. Assignment requires LesseeXxxxxx’s prior written approval which will not be unreasonably withheld. The new owner will have the same rights that Lessor Xxxxxx had, but Lessee Xxxxxx agrees Lessee will not assert against the new owner any claims, defenses or set-set- offs that Lessee may have against Lessor or any supplier. The parties agree that any assignment will not materially affect LesseeXxxxxx’s rights and benefits under this Lease Agreement or any Schedule.

Appears in 1 contract

Samples: Master Agreement

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Liens and Taxes. Lessor shall keep the Equipment free and clear of liens and encumbrances. Lessee shall not be responsible for any taxes (property, local, state, or federal) related to ownership of the Equipment. Lease payments shall be made in accordance with Payment Schedule (Exhibit C attached hereto and made a part hereof). The Lease payments for Equipment during the Term shall be payable to the Lessor in the amounts and sent to the address as specified on a per schedule basis on the Assignment Acknowledgement Lease payments shall be paid on a basis. First Lease payment shall be due no less than thirty (30) days after Lease Commencement Date or Lessor billing date, whichever is the later, for all Equipment. LESSEE MAY NOT SELL, PLEDGE, TRANSFER, ASSIGN OR SUBLEASE THE EQUIPMENT OR THIS LEASE AGREEMENT OR ANY SCHEDULE. Lessor may sell, assign, or transfer all or any part of this Lease Agreement, any Schedule, and/or the Equipment. Assignment requires Lessee’s prior written approval which will not be unreasonably withheld. The new owner will have the same rights that Lessor had, but Lessee agrees Lessee will not assert against the new owner any claims, defenses or set-set- offs that Lessee may have against Lessor or any supplier. The parties agree that any assignment will not materially affect Lessee’s rights and benefits under this Lease Agreement or any Schedule.

Appears in 1 contract

Samples: Master Agreement

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