SEPARATE FINANCINGS. To the extent applicable, in the event that the parties hereafter mutually agree to execute and deliver any supplement or schedule (“Supplement”) under the above-referenced Agreement, such Supplement, as it incorporates the terms and conditions of the Agreement, shall be a separate financing distinct from the Agreement or other Supplements thereto. Without limiting the foregoing, upon the occurrence of an event of default or a non-appropriation event with respect to the Agreement or a Supplement (each, a separate “Contract”), as applicable, we shall have the rights and remedies specified in the Agreement with respect to the Equipment financed and the Payments payable under such Contract, and we shall have no rights or remedies with respect to Equipment financed or Payments payable under any other Contract unless an event of default or non- appropriation event has also occurred under such other Contract.
SEPARATE FINANCINGS. Each Property Schedule executed and delivered pursuant to this Agreement will be a separate financing. Without limiting the foregoing, upon the occurrence of an Event of Default (as defined in Section 7.1.1 below) or a Non-appropriation Event (as defined in Section 2.4 below) with respect to a Property Schedule, Lessor will have the rights and remedies specified herein with respect to the Property financed and the Lease Payments payable with respect thereto, but will not have any rights or remedies with respect to the Property financed or the Lease Payments payable with respect to any other Property Schedule unless an Event of Default or a Non-appropriation Event has also occurred under such other Property Schedule.
SEPARATE FINANCINGS. Each Property Schedule executed and delivered pursuant to this Agreement will be a separate financing. Without limiting the foregoing, upon the occurrence of an Event of Default (as defined in Section 7.1.1 below) or a Non-appropriation Event (as defined in Section 2.4 below) with respect to a Property Schedule, Lessor will have the rights and remedies specified herein with respect to the Property financed and the Lease Payments payable with respect thereto, but will not have any rights or remedies with respect to the Property financed or the Lease Payments payable with respect to any other Property Schedule unless an Event of Default or a Non-appropriation Event has also occurred under such other Property Schedule. Lease Term. With respect to each Property Schedule, the lease term of the Property described in such Property Schedule (a “Lease Term”) will be as follows: The Lease Term will commence on the date Lessee issues a Certificate of Final Acceptance pursuant to Section 1.4 below (the “Commencement Date”). The Lease Term will terminate, unless otherwise earlier terminated in accordance with this Agreement, upon Lessee’s exercise of a purchase option in accordance with Section 4 below with respect to the applicable Property. A Lease Term cannot be canceled or terminated by Lessee except as expressly provided herein.
