Common use of TECHNOLOGY EXCHANGE OPTION Clause in Contracts

TECHNOLOGY EXCHANGE OPTION. If Lessee is not in default, and there is no material adverse change in Lessee's credit, on or after the expiration of the 12th month of any Summary Equipment Schedule, Lessee shall have the option to replace any of the Equipment subject to such summary Equipment Schedule with new technology equipment ("New Technology Equipment") utilizing the following guidelines:

TECHNOLOGY EXCHANGE OPTION. If Lessee is not in default, and there is no material adverse change in Lessee's credit, on or after the expiration of the 12th month of any Summary Equipment Schedule, Lessee shall have the option to replace any of the Equipment subject to such summary Summary Equipment Schedule with new technology equipment ("New Technology Equipment") utilizing the following guidelines:

TECHNOLOGY EXCHANGE OPTION. If Lessee So long as no Event of Default has occurred and is not in defaultcontinuing, and there is no material adverse change in Lessee's credit, on or after the expiration of the 12th month of any Summary Equipment Schedule, Lessee shall have the option to replace any of the Equipment subject to such summary Equipment Schedule with new technology equipment ("New Technology Equipment") utilizing the following guidelines:

TECHNOLOGY EXCHANGE OPTION. If Lessee is not in default, and there is no material adverse change in Lessee's credit, on or after the expiration of the 12th month of any Summary Equipment Schedule, Lessee shall have the option to replace any of the Equipment subject to such summary Equipment Schedule with new technology equipment ("New Technology Equipment") utilizing the following guidelines:

TECHNOLOGY EXCHANGE OPTION. If Lessee is not in default, and there is no material adverse change in Lessee's ’s credit, on or after the expiration of the 12th month of any Summary Equipment Schedule, Lessee shall have the option to replace any of the Equipment subject to such summary Equipment Schedule with new technology equipment ("“New Technology Equipment"”) utilizing the following guidelines:

TECHNOLOGY EXCHANGE OPTION. If Lessee is not in default, and there is no material adverse change in Lessee's credit, on or after the expiration of the 12th month of any Summary Equipment Schedule, Lessee shall have the option to replace any of the Equipment subject to such summary Equipment Schedule with new technology equipment ("New Technology EquipmentNEW TECHNOLOGY EQUIPMENT") utilizing the following guidelines:

TECHNOLOGY EXCHANGE OPTION. If Lessee So long as no Event of Default has occurred and is not in defaultcontinuing, and there is no material adverse change in Lessee's credit, on or after the expiration of the 12th month of any Summary Equipment Schedule, Lessee shall have the option to replace any of the Equipment subject to such summary Equipment Schedule with new technology equipment ("New Technology Equipment"') utilizing the following guidelines:

TECHNOLOGY EXCHANGE OPTION. If IF Lessee is not in default, and there is no material adverse change in Lessee's credit, on or after the expiration of the 12th month of any Summary Equipment Schedule, Lessee shall have the option to replace any of the Equipment subject to such summary Equipment Schedule with new technology equipment ("New Technology Equipment") utilizing the following guidelines:

TECHNOLOGY EXCHANGE OPTION. If Lessee is not in default, and there is no material adverse change in Lessee's credit, on or after the expiration of the 12th month of any Summary Equipment Schedule, Lessee shall have the option once during the term of any Summary Equipment Schedule, to replace any of the Equipment subject to such summary Equipment Schedule with new technology equipment ("New Technology Equipment") utilizing the following guidelines: