Common use of Maintenance Costs and Warranties Clause in Contracts

Maintenance Costs and Warranties. The Lessee agrees to pay all costs, expenses, fees and charges incurred in connection with (i) the use and operation of the Leased Property by the Lessee during the Term hereof, including but not limited to repairs, maintenance, storage and servicing as provided in this Section 8 and (ii) the preserving and protecting of the Leased Property, and the repairing, maintaining and servicing of the Leased Property as provided in this Section 8, during the period after a termination of the Lessee's right of possession of the Facility and the Site pursuant to Section 15 and prior to the interest of the Owner-Trustee in the Leased Property being leased or sold to a third person (not the Owner-Trustee, the Indenture Trustee, or any Participant, or any Affiliate of any thereof, in connection with the exercise of their rights in the Leased Property under the Operative Agreements) by the Owner-Trustee (or the Indenture Trustee or any Participant, or any Affiliate thereof, in connection with the exercise of their rights under the Operative Agreements). So long as no Event of Default has occurred and is continuing, the Owner-Trustee hereby constitutes the Lessee the agent and attorney-in-fact of the Owner-Trustee for the purpose of exercising and enforcing, and with full right, power and authority to exercise and to enforce, all of the right, title and interest of the Owner-Trustee in, under and to the warranties and obligations of any supplier of goods or services in respect of the Leased Property and agrees to execute and deliver such further instruments as may be necessary to enable the Lessee to obtain goods or services furnished for the Leased Property by said suppliers. The Owner-Trustee shall have no other obligation or duty with respect to any of such matters. Any proceeds obtained by the Lessee from the enforcement of the warranties and obligations of any supplier of goods or services in respect of the Facility shall be held by the Lessee and applied from time to time to the repair and maintenance of the Facility, and any balance thereof remaining at the expiration of the Term shall be paid over to the Owner-Trustee or as it may direct.

Appears in 2 contracts

Samples: Facility Lease (Crown Pacific Partners L P), Facility Lease (Crown Pacific Partners L P)

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Maintenance Costs and Warranties. The Lessee agrees to pay all costs, expenses, fees and charges incurred in connection with (i) the use and operation of the Leased Property by the Lessee during the Term hereofTerm, including but not limited to repairs, maintenance, storage and servicing as provided in Article X and this Section 8 Article IX and (ii) the preserving and protecting of the Leased Property, and the repairing, maintaining and servicing of the Leased Property as provided in Article X and this Section 8Article IX, during the period after a termination of the Lessee's ’s right of possession of the Facility and the Site Leased Property pursuant to Section 15 16.2 (subject to Section 16.5) and prior to the interest of the Owner-Trustee Lessor in the Leased Property being leased or sold to a third person (not the Owner-Trustee, the Indenture Trustee, or any Participant, or any Affiliate of any thereof, in connection with the exercise of their rights in the Leased Property under the Operative Agreements) by the Owner-Trustee (or the Indenture Trustee or any Participant, or any Affiliate thereof, in connection with the exercise of their rights under the Operative Agreements)Lessor. So long as no Event of Default has occurred and is continuing, the Owner-Trustee Lessor hereby constitutes the Lessee as the agent and attorney-in-fact of the Owner-Trustee Lessor for the purpose of exercising and enforcing, and with full right, power and authority to exercise and to enforce, all of the right, title and interest of the Owner-Trustee Lessor in, under and to the warranties and obligations of any supplier of goods or services in respect of the Leased Property and agrees to execute and deliver such further instruments as may be necessary to enable the Lessee to obtain goods or services furnished for the Leased Property by said suppliers. The Owner-Trustee Lessor shall have no other obligation or duty with respect to any of such matters. Any So long as no Event of Default has occurred and is continuing, any proceeds obtained by the Lessee from the enforcement of the warranties and obligations of any supplier of goods or services in respect of the Facility Leased Property shall be held by the Lessee and applied from time to time to the repair and maintenance of the FacilityLeased Property, and any balance thereof remaining at the expiration of the Term shall be paid over to the Owner-Trustee Lessor or as it may direct, subject to Section 5.2 of the Participation Agreement.

Appears in 2 contracts

Samples: Lease, Deed of Trust and Security Agreement (Silicon Laboratories Inc), Lease, Deed of Trust and Security Agreement (Silicon Laboratories Inc)

Maintenance Costs and Warranties. The Lessee agrees to pay all costs, expenses, fees and charges incurred in connection with (i) the use and operation of the Leased Property by the Lessee during the Term hereof, including but not limited to repairs, maintenance, storage and servicing as provided in this Section 8 and (ii) the preserving and protecting of the Leased Property, and the repairing, maintaining and servicing of the Leased Property as provided in this Section 8, during the period after a termination of the Lessee's right of possession of the Facility and the Site pursuant to Section 15 and prior to the interest of the Owner-Owner Trustee in the Leased Property being leased or sold to a third person (not the Owner-Owner Trustee, the Indenture Trustee, or any Participant, or any Affiliate of any thereof, in connection with the exercise of their rights in the Leased Property under the Operative Agreements) by the Owner-Owner Trustee (or the Indenture Trustee or any Participant, or any Affiliate thereof, in connection with the exercise of their rights under the Operative Agreements). So long as no Event of Default has occurred and is continuing, the Owner-Owner Trustee hereby constitutes the Lessee the agent and attorney-in-fact of the Owner-Owner Trustee for the purpose of exercising and enforcing, and with full right, power and authority to exercise and to enforce, all of the right, title and interest of the Owner-Owner Trustee in, under and to the warranties and obligations of any supplier of goods or services in respect of the Leased Property and agrees to execute and deliver such further instruments as may be necessary to enable the Lessee to obtain goods or services furnished for the Leased Property by said suppliers. The Owner-Owner Trustee shall have no other obligation or duty with respect to any of such matters. Any proceeds obtained by the Lessee from the enforcement of the warranties and obligations of any supplier of goods or services in respect of the Facility shall be held by the Lessee and applied from time to time to the repair and maintenance of the Facility, and any balance thereof remaining at the expiration of the Term shall be paid over to the Owner-Owner Trustee or as it may direct, unless the Lessee has exercised its option to purchase the Facility and all amounts due and owing by the Lessee under this Lease or any of the other Operative Agreements have been paid in full, in which case the balance remaining shall be paid to the Lessee.

Appears in 1 contract

Samples: Facility Lease (Pope & Talbot Inc /De/)

Maintenance Costs and Warranties. The Lessee agrees to pay all costs, expenses, fees and charges incurred in connection with (i) the use and operation of the Leased Property each Item of Equipment MW 1997-1 Trust Equipment Lease by the Lessee during the Lease Term hereofas to such Item of Equipment, including but not limited to repairs, maintenance, storage and servicing as provided in Section 10 and this Section 8 9 and (ii) the preserving and protecting of the Leased Propertysuch Item of Equipment, and the repairing, maintaining and servicing of the Leased Property Equipment as provided in Section 10 and this Section 89, during the period after a termination of the Lessee's right of possession of the Facility and the Site such Item of Equipment pursuant to Section 15 16.2 and prior to the interest of the Owner-Lessor Trustee in the Leased Property such Item of Equipment being leased or sold to a third person by the Lessor Trustee (not the Owner-Trustee, the Indenture Trustee, other than one or more Certificate Holders or any Participant, or any Affiliate of any affiliate thereof, in connection with the exercise of their rights in the Leased Property under the Operative Agreements) by the Owner-Trustee (or the Indenture Trustee or any Participant, or any Affiliate thereof, in connection with the exercise of their rights under the Operative Agreements). So long as no Event of Default has occurred and is continuing, the Owner-Lessor Trustee hereby constitutes the Lessee the agent and attorney-in-fact of the Owner-Lessor Trustee for the purpose of exercising and enforcing, and with full right, power and authority to exercise and to enforce, all of the right, title and interest of the Owner-Lessor Trustee in, under and to the warranties and obligations of any supplier of goods or services in respect of the Leased Property Equipment and agrees to execute and deliver such further instruments as may be necessary to enable the Lessee to obtain goods or services furnished for the Leased Property Equipment by said suppliers. The Owner-Lessor Trustee shall have no other obligation or duty with respect to any of such matters. Any proceeds obtained by the Lessee from the enforcement of the warranties and obligations of any supplier of goods or services in respect of the Facility Equipment shall be held by the Lessee and applied from time to time to the repair and maintenance of the FacilityEquipment, and any balance thereof remaining at the expiration of the Lease Term and satisfaction of all of the Lessee's obligations hereunder shall be paid over to the Owner-Trustee or as it may directLessee.

Appears in 1 contract

Samples: Equipment Lease (Mail Well Inc)

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Maintenance Costs and Warranties. The Lessee agrees to pay all costs, -------------------------------- expenses, fees and charges incurred in connection with (i) the use and operation of the Leased Property by the Lessee during the Term hereof, including but not limited to repairs, maintenance, storage and servicing as provided in this Section 8 and (ii) the preserving and protecting of the Leased Property, and the repairing, maintaining and servicing of the Leased Property as provided in this Section 8, during the period after a termination of the Lessee's right of possession of the Facility and the Site pursuant to Section 15 and prior to the interest of the Owner-Owner Trustee in the Leased Property being leased or sold to a third person (not the Owner-Owner Trustee, the Indenture Trustee, or any Participant, or any Affiliate of any thereof, in connection with the exercise of their rights in the Leased Property under the Operative Agreements) by the Owner-Owner Trustee (or the Indenture Trustee or any Participant, or any Affiliate thereof, in connection with the exercise of their rights under the Operative Agreements). So long as no Event of Default has occurred and is continuing, the Owner-Owner Trustee hereby constitutes the Lessee the agent and attorney-in-fact of the Owner-Owner Trustee for the purpose of exercising and enforcing, and with full right, power and authority to exercise and to enforce, all of the right, title and interest of the Owner-Owner Trustee in, under and to the warranties and obligations of any supplier of goods or services in respect of the Leased Property and agrees to execute and deliver such further instruments as may be necessary to enable the Lessee to obtain goods or services furnished for the Leased Property by said suppliers. The Owner-Owner Trustee shall have no other obligation or duty with respect to any of such matters. Any proceeds obtained by the Lessee from the enforcement of the warranties and obligations of any supplier of goods or services in respect of the Facility shall be held by the Lessee and applied from time to time to the repair and maintenance of the Facility, and any balance thereof remaining at the expiration of the Term shall be paid over to the Owner-Owner Trustee or as it may direct, unless the Lessee has exercised its option to purchase the Facility and all amounts due and owing by the Lessee under this Lease or any of the other Operative Agreements have been paid in full, in which case the balance remaining shall be paid to the Lessee.

Appears in 1 contract

Samples: Facility Lease (Pope & Talbot Inc /De/)

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