Common use of RELATED LEASE SCHEDULES Clause in Contracts

RELATED LEASE SCHEDULES. In the event that any Equipment subject to a Lease shall become attached to, affixed to, or used in connection with Equipment subject to any other Lease hereunder (each a "Related Lease Schedule"), Lessee agrees that: (a) if Lessee elects to exercise any purchase option, early termination option, renewal option, purchase obligation or early purchase option under any Lease; or (b) if Lessee elects to return the Equipment under any Lease in accordance therewith, then, in either case, Lessor shall have the right, in its discretion, to require the same disposition for all Equipment subject to a Related Lease Schedule.

Appears in 3 contracts

Samples: Master Equipment Lease Agreement (Boston Communications Group Inc), Master Equipment Lease Agreement (Suprema Specialties Inc), Master Equipment Lease Agreement (PLM International Inc)

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RELATED LEASE SCHEDULES. In the event that any Equipment subject to a the Lease shall become attached to, affixed to, or used in connection with Equipment subject to any other Lease hereunder (each a "Related Lease Schedule"), Lessee agrees that: (a) if Lessee elects to exercise any purchase option, early termination option, renewal option, purchase obligation or early purchase option under any such other Lease; or (b) if Lessee elects to return the Equipment under any Lease in accordance therewith, then, in either case, Lessor shall have the right, in its discretion, to require the same disposition for all Equipment subject to a Related Lease Schedule.

Appears in 1 contract

Samples: Master Equipment Lease Agreement (Courier Corp)

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