Common use of Machinery and Equipment Purchased by Tenant Clause in Contracts

Machinery and Equipment Purchased by Tenant. If no part of the purchase price of an item of machinery, equipment or personal property is paid from funds deposited in the Project Fund pursuant to the terms of this Lease, then such item of machinery, equipment or personal property shall not be deemed a part of the Project.

Appears in 4 contracts

Samples: Lease (Federal Home Loan Bank of Topeka), Collins Industries Inc, Lease Agreement (Ifr Systems Inc)

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Machinery and Equipment Purchased by Tenant. If no part of the purchase price of an item of machinery, equipment or personal property is paid from funds deposited in the Project Fund pursuant to the terms of this Leasethe Lease or from the proceeds of the Bonds, then such item of machinery, equipment or personal property shall not be deemed a part of the Project.

Appears in 1 contract

Samples: Supplemental Lease Agreement (Royal Caribbean Cruises LTD)

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