STATUTORY FINANCE LEASE. Lessee agrees and acknowledges that it is the intent of both parties that this Lease qualify as a statutory lease under Article 2A of the Uniform Commercial Code. Lessee acknowledges and agrees that Lessee has selected both the equipment and the supplier from whom Lessor is to purchase the Equipment. LESSEE IS HEREBY ADVISED THAT LESSEE MAY HAVE RIGHTS UNDER THE SUPPLY CONTRACT EVIDENCING THE LESSOR'S PURCHASE OF THE EQUIPMENT FROM THE SUPPLIER CHOSEN BY LESSEE AND THAT LESSEE SHOULD CONTACT THE SUPPLIER OF THE EQUIPMENT FOR A DESCRIPTION OF ANY SUCH RIGHTS.
STATUTORY FINANCE LEASE. Lessee agrees and acknowledges that it is the intent of both parties to this Lease that it qualify as a statutory finance lease under Chapter 2A of the Texas Business and Commerce Code, as amended and corresponding provisions of subsequent law (“Chapter 2A”). Lessee acknowledges and agrees that Lessee has selected both: (1) the Equipment; and (2) the supplier from whom Lessor is to purchase the Equipment. Lessee acknowledges that Lessor has not participated in any way in Lessee’s selection of the Equipment or of the supplier, and Lessor has not selected, manufactured, or supplied the Equipment. Without limiting the foregoing, and in addition to any other provisions of this Lease, Lessor shall be entitled to the benefits of Sections 2A-209, 2A-211(2), 2A-212(1), 2A-213, 2A-219(1), 2A-220(l)(a), 2A-221, 2A-405(c), 2A-407, 2A-504, 2A-516(2), and 2A-517(1) and (2) of Chapter 2A, whether or not this Lease qualifies as a statutory finance lease. If this Lease does not qualify as a statutory finance lease under Chapter 2A, no rights or remedies referred to in Chapter 2A will be conferred upon Lessee unless expressly granted in this Lease or as required by applicable law. Master Lease AgreementRev. 08-04-2017Page 3
STATUTORY FINANCE LEASE. Lessee agrees and acknowledges that it is the intent of both parties to this Lease that it qualify as a statutory finance Lease under Article 2A of the Uniform Commercial Code. Lessee acknowledges and agrees that Lessee has selected both: (1) the equipment; and (2) the supplier from whom Lessor is to purchase the equipment. Lessee acknowledges that Lessor has not participated in any way in Lessee's selection of the equipment or of the supplier, and Lessor has not selected, manufactured, or supplied the equipment. LESSEE IS ADVISED THAT IT MAY HAVE RIGHTS UNDER THE CONTRACT EVIDENCING THE LESSOR'S PURCHASE OF THE EQUIPMENT FROM THE SUPPLIER CHOSEN BY LESSEE AND THAT LESSEE SHOULD CONTRACT THE SUPPLIER OF THE EQUIPMENT FOR A DESCRIPTION OF ANY SUCH RIGHTS.
STATUTORY FINANCE LEASE. The lessor and Lessee agree that this agreement is a ‘Finance Lease” as defined by Article 2A of the Nebraska Uniform Commercial Code. THE LESSEE ACKNOWLEDGES AND AGREES THAT THE LESSOR DID NOT SELECT, MANUFACTURE OR SUPPLY THE GOODS; THAT THE LESSOR ACQUIRED THE GOODS OR THE RIGHT TO POSSESSION AND USE OF THE GOODS IN CONNECTION WITH THIS LEASE; THAT THE LESSEE HAS SELECTED THE SUPPLIER AND DIRECTED THE LESSOR TO ACQUIRE THE GOODS OR THE RIGHT TO POSSESSION AND USE OF THE GOODS FROM THAT SUPPLIER; THAT PRIOR TO THE EXECUTION OF THIS LEASE, XXXXXX AGREES AND ACKNOWLEDGES THAT THE LESSEE HAS READ THIS PARAGRAPH WITH PARTICULARITY AND IS AWARE THAT THE LESSEE IS ENTITLED TO THE WARRANTIES, INCLUDING THOSE OF ANY THIRD; PARTY, PROVIDED TO THE LESSOR BY THE PERSON SUPPLYING THE GOODS IN CONNECTION WITH OR AS PART OF THE CONTRACT BY WHICH THE LESSOR ACQUIRED THE GOODS OR THE RIGHT TO POSSESSION AND USE OF THE GOODS, AND THAT THE LESSEE MAY COMMUNICATE WITH THE PERSON SUPPLYING THE GOODS TO THE LESSOR AND RECEIVE AN ACCURATE AND COMPLETE STATEMENT OF THOSE PROMISES AND WARRANTIES INCLUDING ANY DISCLAIMER AND LIMITATION OF THEM OR OF REMEDIES. THE LESSOR AND XXXXXX SPECIFICALLY ACKNOWLEDGE THAT THEY HAVE NEGOTIATED THIS PARAGRAPH AND THAT XXXXXX HAS REVIEWED ALL THE WRITTEN TERMS WITHIN THIS PARAGRAPH PRIOR TO SIGNING THIS LEASE.
STATUTORY FINANCE LEASE. You agree that this Lease qualifies as a statutory finance lease under Article 2A of the Uniform Commercial Code. To the extent you are permitted by applicable law, you waive all rights and remedies conferred upon a lessee by Article 2A (sections 508-522) of the Uniform Commercial Code.
STATUTORY FINANCE LEASE. Lessee agrees and acknowledges that it is the intent of both parties to this Lease that it qualify as a statutory finance lease under Article 2A of the Uniform Commercial Code. Lessee acknowledges and agrees that Lessee has selected both: (1) the Equipment; and (2) the supplier from whom Lessor is to purchase the Equipment. Lessee acknowledges that Lessor has not participated in any way in Lessee's selection of the Equipment or of the supplier, and Lessor has not selected, manufactured, or supplied the Equipment.
STATUTORY FINANCE LEASE. Xxxxxx agrees and acknowledges that it qualify as a statutory finance lease under Article 2A of the Uniform Commercial Code. Xxxxxx acknowledges and agrees that xxxxxx has selected both: (1) the Equipment; and (2) the supplier from whom Lessor is to purchase the Equipment. Lessee acknowledges that Lessor has not participated in any way in Lessee's selection of the Equipment or of the supplier, and Lessor has not selected, manufactured or supplied the Equipment. XXXXXX IS ADVISED THAT IT MAY HAVE RIGHTS UNDER THE CONTRACT EVIDENCING THE LESSOR'S PURCHASE OF THE EQUIPMENT FROM THE SUPPLIER CHOSEN BY XXXXXX AND THAT LESSEE SHOULD CONTACT THE SUPPLIER OF THE EQUIPMENT FOR A DESCRIPTION OF ANY SUCH RIGHTS.
STATUTORY FINANCE LEASE. LESSEE agrees and acknowledges that it is the intent of both parties to this lease that it qualify as a statutory finance lease under Article 2A of the Uniform Commercial Code. LESSEE acknowledges and agrees the LESSEE has selected both (1) the Equipment, and (2) the SUPPLIER from whom LESSOR is to purchase the Equipment. LESSEE acknowledges that LESSOR has not participated in any way in LESSEE's selection of the Equipment or of the SUPPLIER, and LESSOR has not selected, manufactured, or supplied the Equipment. LESSEE further acknowledges and certifies to LESSOR and ASSIGNEE that before signing this Lease, LESSEE has received a copy of the contract by which the LESSOR has acquired (or will acquire) the Equipment or the right to possession and use of the Equipment.
STATUTORY FINANCE LEASE. LESSEE agrees and acknowledges that it is the intent of both parties to this MASTER LEASE that it qualify as statutory finance lease _________________________. LESSEE acknowledges and agrees that LESSEE has selected both: (1) the equipment and (2) the supplier from whom LESSOR is to purchase the equipment. LESSEE acknowledges that LESSOR has not participated in any way in LESEE'S selection of the equipment or of the supplier and LESSOR has not selected, manufactured, or supplied the equipment nor is he an agent or a dealer of any of the above-mentioned. LESSEE is advised that it may have rights under the contract evidencing the LESSOR'S purchase of the equipment from the supplier chosen by LESSEE and that LESSEE should contact the supplier of the equipment for a description of any such rights.
STATUTORY FINANCE LEASE. Lessee agrees and acknowledges that it qualify as a statutory finance lease under Article 2A of the Uniform Commercial Code Lessee acknowledges and agrees that lessee has selected both (1) the Equipment, and (2) the supplier from whom Lessor is to purchase the Equipment. Lessee acknowledges that Lessor has not participated in any way in Lessee's selection of the Equipment or of the supplier, and Lessor has not selected, manufactured or supplied the Equipment. LESSEE IS ADVISED THAT IT MAY HAVE RIGHTS UNDER THE CONTRACT EVIDENCING THE LESSOR'S PURCHASE OF THE EQUIPMENT FROM THE SUPPLIER CHOSEN BY LESSEE AND THAT LESSEE SHOULD CONTACT THE SUPPLIER OF THE EQUIPMENT FOR A DESCRIPTION OF ANY SUCH RIGHTS.
