Master Equipment Lease Sample Clauses
The Master Equipment Lease clause establishes the overarching terms and conditions that will govern multiple equipment lease transactions between the parties. Under this arrangement, individual pieces of equipment can be leased through separate schedules or addenda, all of which are subject to the master agreement's provisions. This structure streamlines the leasing process by eliminating the need to negotiate new terms for each transaction, ensuring consistency and efficiency while reducing administrative burden.
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Master Equipment Lease. Within 30 days after the applicable Early Buyout Option Date of each Equipment Sub-sublease, Borrower shall exercise its option to terminate the applicable Equipment Sub-sublease and the associated Sublease (as defined in the Equipment Lease) pursuant to Section 13 of such Equipment Sub-sublease.
Master Equipment Lease. To the Knowledge of Sellers, all Instruments comprising the Master Equipment Lease Transfer Documents are identified in Schedule 1.1(k). The Master Equipment Lease is in full force and effect in accordance with its terms. Except for such defaults as have not and would not have a Material Adverse Effect, KNGG is not in default under the Master Equipment Lease, and to the Knowledge of Sellers, no other party to the Master Equipment Lease is in default thereunder. None of KMI, KNGG, KN Front Range Gathering Company or any Affiliate of KMI has received any notice from Master Equipment Lessor or any Affiliate thereof asserting a default by KN Front Range Gathering Company or KNGG under the Master Equipment Lease or otherwise asserting any material dispute concerning the terms thereof, or the rights, obligations or performance thereof by any of the parties thereto.
Master Equipment Lease. Master Equipment Lease" shall mean that certain Master Equipment Lease, dated as of September 29, 2000, between the Borrower and Fifth Third Bank, Ohio Valley, as amended, restated, supplemented or otherwise modified from time to time.
Master Equipment Lease. BUYER shall be responsible, and shall use its commercially reasonable efforts, to obtain the lessor’s consent to assume that certain Master Equipment Lease dated June 3, 2003 by and between GMAC Commercial Mortgage Corporation, predecessor to Bankers Banc, as lessor, and SELLER, as lessee. Provided, however, that obtaining such consent shall not be a condition to BUYER’s obligation to close. If BUYER is unable to, or elects not to, obtain such consent, BUYER shall pay off the outstanding balance pursuant to such lease.
Master Equipment Lease. If this Agreement is terminated for any reason other than the breach by Buyers of any covenant to be performed at Closing contained in this Agreement, Sellers shall (i) terminate the Master Equipment Lease or (ii) assume all of the obligations of Buyers under the Supplemental Assumption Agreement described in Schedule 1.1(k).
Master Equipment Lease. 28 3.1.13 Taxes....................................................................28 3.1.14
Master Equipment Lease. Sublandlord and Subtenant agree that they will enter the Master Equipment Lease substantially in the form attached hereto as Exhibit D pursuant to which Sublandlord will lease the office furniture listed on Schedule A thereto (the “Furniture”) to Subtenant for $10 rent as additional consideration of Subtenant entering into this Sublease. Sublandlord and Subtenant expressly acknowledge and agree, as a material part of the consideration for Subtenant’s entering into this Sublease with Sublandlord, that Sublandlord is providing; along with use of the Sublease Premises, the use of the Furniture. Sublandlord represents and warrants to Subtenant that Sublandlord owns all of the Furniture free and clear of any encumbrances and that Sublandlord has the right and authority to lease said Furniture to Subtenant without the consent or approval of any third party.
Master Equipment Lease. Within 30 days after the applicable Early Buyout Option Date of each Equipment Sub-sublease, Borrower shall exercise 173 US-DOCS\124480978.17139630401.7
Master Equipment Lease. Notwithstanding anything to the contrary, Lessor and Lessee agree that for purposes of this Lease only, the following amendments to the Master Equipment Lease are effective:
(a) All references in the Master Equipment Lease to “Acquisition Fund,” “Acquisition Fund Custodian” and “Acquisition Fund Agreement” shall be substituted with the terms “Escrow Account,” “Escrow Agent” and “Escrow Agreement,” respectively Dated: September 4, 2020 LESSOR: LESSEE: BANK OF AMERICA, NATIONAL ASSOCIATION CITY OF DUNEDIN, FLORIDA ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ – City Hall San Francisco, California 94104 ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇ Attention: Contract Administration Attention: City Manager By: Name: Title: By: ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇ Mayor EXHIBIT B RENTAL PAYMENT SCHEDULE FOR SCHEDULE NO. 4 RENTAL PAYMENT DATE RENTAL PAYMENT NO. RENTAL PAYMENT AMOUNT INTEREST PORTION (1.850%) PRINCIPAL PORTION OUTSTANDING BALANCE PREPAYMENT PRICE 9/4/2020 -- -- -- -- $503,484.00 N/A 9/4/2021 1 $ 106,353.76 $ 9,314.45 $ 97,039.31 406,444.69 N/A 9/4/2022 2 106,353.76 7,519.23 98,834.53 307.610.16 N/A 9/4/2023 3 106,353.76 5,690.79 100,662.97 206,947.19 $206,947.19 9/4/2024 4 106,353.76 3,828.52 102,525.24 104,421.95 104,421.95 9/4/2025 5 106,353.72 1,931.81 104,421.95 0.00 -- . INCUMBENCY AND AUTHORIZATION CERTIFICATE The undersigned, the duly appointed City Clerk of the City of Dunedin, Florida (“Lessee”) certifies as follows:
A. The following listed persons are duly elected or appointed and acting officials of Lessee (the “Officials”) in the capacity set forth opposite their respective names below and that the facsimile signatures are true and correct as of the date hereof; and
B. The Officials are duly authorized, on behalf of Lessee, to negotiate, execute and deliver Schedule of Property No. 4 dated September , 2020, between Bank of America, National Association, as Lessor, and Lessee to Master Equipment Lease/Purchase Agreement dated as of December 29, 2015, between Lessee and Banc of America Public Capital Corp, and separate Schedules relating thereto from time to time as provided in the Agreement (collectively, the “Schedules”), each between Lessee and Banc of America Public Capital Corp, or its affiliate, Bank of America, National Association (as applicable, “Lessor”), and all documents related thereto and delivered in connection therewith (collectively, the “Operative Agreements”), and the Operative Agreements are binding and authorized agreements of Lessee, enforceable in a...
