Common use of System Lease or Financing Clause in Contracts

System Lease or Financing. Customer may enter into a lease or finance agreement with a leasing or finance company, and the terms thereof are solely between Customer and such leasing or finance company. If Customer elects to enter into a lease or finance agreement, such arrangement shall not relieve Customer of any obligations under this Agreement, except that Neuronetics will accept payment(s) made by such leasing or finance company on behalf of Customer. Any leasing or financing arrangement is conditional upon Neuronetics’ approval of the leasing or financing arrangement and the leasing or finance company’s full payment of the total purchase price in accordance with this Section 2. In the event the leasing or finance company fails to timely pay Neuronetics the total purchase price as set forth in any Sales Order, Customer agrees to pay to Neuronetics the unpaid portion of the purchase price upon written request from Neuronetics. Neuronetics retains a security interest in the System until paid for in full by Customer.