STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCES") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 7 contracts
Samples: Master Lease Agreement (Predix Pharmaceuticals Holdings Inc), Master Lease Agreement (Action Performance Companies Inc), Master Lease Agreement (Myriad Genetics Inc)
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCES"“Casualty Occurrences”) Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 5 contracts
Samples: Master Lease Agreement, Master Lease Agreement (Intercept Inc), Master Lease Agreement (Momenta Pharmaceuticals Inc)
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCESCasualty Occurrences") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 5 contracts
Samples: Master Lease Agreement (Variagenics Inc), Master Lease Agreement (Star Scientific Inc), Master Lease Agreement (Star Scientific Inc)
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCESCasualty Occurrences") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 4 contracts
Samples: Master Lease Agreement (Northwest Pipe Co), Master Lease Agreement (Telik Inc), Master Lease Agreement (Overhill Farms Inc)
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCES") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 4 contracts
Samples: Master Lease Agreement (Photomedex Inc), Master Lease Agreement (Dyax Corp), Master Lease Agreement (Consolidated Communications Texas Holdings, Inc.)
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged damages or unusable ("CASUALTY OCCURRENCES") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 4 contracts
Samples: Master Lease Agreement (Synta Pharmaceuticals Corp), Master Lease Agreement (Synta Pharmaceuticals Corp), Master Lease Agreement (Synta Pharmaceuticals Corp)
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCES") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (ix) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (iiy) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 3 contracts
Samples: Master Lease Agreement (Roadway Express Inc), Master Lease Agreement (Stillwater Mining Co /De/), Master Lease Agreement (Yellow Roadway Corp)
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCESCasualty Occurrences") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (ix) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to succeeding the Casualty Occurrence; and (iiy) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 2 contracts
Samples: Master Lease Agreement (Roadway Express Inc), Master Lease Agreement (Yellow Roadway Corp)
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCES"“Casualty Occurrences”) Lessee shall promptly and fully notify Lessor in writing. On the Payment Date Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 1 contract
Samples: Master Lease Agreement (Chipmos Technologies Bermuda LTD)
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCES"“Casualty Occurrences”) Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all accrued rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 1 contract
Samples: Master Lease Agreement (Infinity Pharmaceuticals, Inc.)
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCESCasualty Occurrences") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The "Payment Date Date" for purposes of this Section 8 shall be the next rent payment scheduled Rent Payment date after the Casualty Occurrence. Upon Payment payment of all sums due hereunder, the term of this lease the Lease as to such unit shall terminate.
Appears in 1 contract
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCESCasualty Occurrences") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts amount which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 1 contract
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCESCasualty Occurrences") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value value (see Schedule) of or the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment of all sums due hereunder, the term of this lease Lease as to such unit shall terminate.
Appears in 1 contract
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCES") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment of all sums due hereunder, the term of this lease as us to such unit shall terminate.
Appears in 1 contract
Samples: Master Lease Agreement (Chromavision Medical Systems Inc)
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCESCasualty Occurrences") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment Rent Payment date prior to the Casualty Occurrence; and (ii) all rent Rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The "Payment Date Date" for purposes of this Section 8 shall be the next rent payment scheduled Rent Payment date after the Casualty Occurrence. Upon Payment payment of all sums due hereunder, the term of this lease the Lease as to such unit shall terminate.
Appears in 1 contract
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, ,destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCES") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 1 contract
Samples: Master Lease Agreement (Applied Molecular Evolution Inc)
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCESCasualty Occurrences") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (ix) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (iiy) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 1 contract
Samples: Master Lease Agreement (Smith & Wollensky Restaurant Group Inc)
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCES“Casualty Occurrences") Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 1 contract
Samples: Master Lease Agreement (Impreso Inc)
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCES"“Casualty Occurrences”) Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 1 contract
Samples: Master Lease Agreement (Coley Pharmaceutical Group, Inc.)
STIPULATED LOSS VALUE. If for any reason any unit of Equipment becomes worn out, lost, stolen, destroyed, irreparably damaged or unusable ("CASUALTY OCCURRENCES") ), Lessee shall promptly and fully notify Lessor in writing. Lessee shall pay Lessor the sum of (i) the Stipulated Loss Value (see Schedule) of the affected unit determined as of the rent payment date prior to the Casualty Occurrence; and (ii) all rent and other amounts which are then due under this Agreement on the Payment Date (defined below) for the affected unit. The Payment Date shall be the next rent payment date after the Casualty Occurrence. Upon Payment payment of all sums due hereunder, the term of this lease as to such unit shall terminate.
Appears in 1 contract
Samples: Sale and Leaseback Agreement (21st Century Insurance Group)
