Common use of Possession of Leased Property Upon Termination Clause in Contracts

Possession of Leased Property Upon Termination. Upon termination of this Lease pursuant to Sections 3.3(a) or 3.3(c), the Lessee shall transfer the Leased Property to the Bank in such manner as may be specified by the Bank, and the Bank shall have the right to take possession of the Leased Property by virtue of the Bank’s ownership interest as lessor of the Leased Property, and the Lessee at the Bank’s direction shall ship the Leased Property to the destination designated by the Bank by loading the Leased Property at the Lessee’s cost and expense, on board such carrier as the Bank shall specify.

Possession of Leased Property Upon Termination. Upon termination of this Lease pursuant to Sections 3.3(a) or 3.3(cSection 3.2(a), the Lessee shall transfer the Leased Property to the Bank in such manner as may be specified by the Bank, and the Bank shall have the right to take possession of the Leased Property by virtue of the Bank’s ownership interest as lessor of the Leased Property. To the extent the Leased Property is equipment, and the Lessee at the Bank’s direction shall ship the Leased Property to the destination designated by the Bank Bank, by loading the Leased Property at the Lessee’s cost and expense, on board such carrier as the Bank shall specify.

Possession of Leased Property Upon Termination. Upon termination of this Lease pursuant to Sections 3.3(a) 3.3 (a), or 3.3(c3.3 (c), the Lessee shall transfer the Leased Property to the Bank in such manner as may be specified by the Bank, and the Bank shall have the right to take possession of the Leased Property by virtue of the Bank’s ownership interest as lessor of the Leased Property, and the Lessee at the Bank’s direction shall ship the Leased Property to the destination designated by the Bank by loading the Leased Property at the Lessee’s cost and expense, on board such carrier as the Bank shall specify.