Loss, Damage or Destruction of Equipment. (a) Lessee shall bear all risks of damage to, taking of, or theft, loss or destruction of, any or all of the Equipment commencing as of the date of this Master Lease and continuing throughout the Lease Term and until such Equipment has been returned to Lessor or purchased by Lessee pursuant to any purchase option provisions of this Lease. Except as otherwise herein expressly provided, no damage to, taking of or theft, loss or destruction of any Equipment shall impair any obligation of Lessee to Lessor under this Lease, including, without limitation, the obligation to pay Basic Rent.
Appears in 7 contracts
Samples: Master Equipment Lease Agreement (Biofield Corp \De\), Master Equipment Lease Agreement (Orthovita Inc), Master Equipment Lease Agreement (Vion Pharmaceuticals Inc)
Loss, Damage or Destruction of Equipment. (a) Lessee shall bear all ---------------------------------------- risks of damage to, taking of, or theft, loss or destruction of, any or all of the Equipment commencing as of the date of this Master Lease and continuing throughout the Lease Term and until such Equipment has been returned to Lessor or purchased by Lessee pursuant to any purchase option provisions of this Lease. Except as otherwise herein expressly provided, no damage to, taking of or theft, loss or destruction of any Equipment shall impair any obligation of Lessee to Lessor under this Lease, including, without limitation, the obligation to pay Basic Rent.
Appears in 1 contract
Samples: Master Equipment Lease Agreement (Power Integrations Inc)
