Term; Survival. With respect to any Item of Equipment, unless otherwise specified thereon, the initial term of this Lease (the "Initial Term") shall commence on the date on which such Item of Equipment is delivered to Lessee, and, unless earlier terminated as provided herein, shall expire on the final Rent Payment Date for such Item of Equipment. With respect to an Item of Equipment, any renewal term of this Lease (individually, a "Renewal Term"), as contemplated hereby, shall commence immediately upon the expiration of the Initial Term or any prior Renewal Term, as the case may be, and, unless earlier terminated as provided herein, shall expire on the date on which the final payment of Rent is due and paid hereunder. All obligations of Lessee hereunder shall survive the expiration, cancellation or other termination of the Term hereof.
Appears in 7 contracts
Sources: Master Equipment Lease Agreement (Core Materials Corp), Master Equipment Lease Agreement (R B Rubber Products Inc), Master Equipment Lease Agreement (Geographics Inc)
Term; Survival. With respect to any Item of Equipment, unless otherwise specified thereon, the initial term of this Lease (the "“Initial Term"”) shall commence on the date on which such Item of Equipment is delivered to Lessee, and, unless earlier terminated as provided herein, shall expire on the final Rent Payment Date for such Item of Equipment. With respect to an Item of Equipment, any renewal term of this Lease (individually, a "“Renewal Term"”), as contemplated hereby, shall commence immediately upon the expiration of the Initial Term or any prior Renewal Term, as the case may be, and, unless earlier terminated as provided herein, shall expire on the date on which the final payment of Rent is due and paid hereunder. All obligations of Lessee hereunder shall survive the expiration, cancellation or other termination of the Term hereof.
Appears in 2 contracts
Sources: Master Equipment Lease Agreement, Master Equipment Lease Agreement (Bioanalytical Systems Inc)
Term; Survival. With respect to any Item of Equipment, unless otherwise specified thereonon a Schedule, the initial term of this the Lease (the "Initial Term") shall commence on the earlier of (a) the date risk of loss is transferred from the Supplier to Lessee or Lessor or (b) the date on which such Item of Equipment is delivered to Lessee, Lessee and, unless earlier terminated as provided herein, shall expire on the final Rent Payment Date for such Item of EquipmentInitial Term Expiration Date. With respect to an Item of Equipment, any Any renewal term of this the Lease (individually, a "Renewal Term"), as contemplated hereby, ) shall commence immediately upon the expiration of the Initial Term or any prior Renewal Term, as the case may be, and, unless earlier terminated as provided herein, shall expire on the date on last day of the period for which the final payment of Rent is due and paid hereunderdue. All obligations of Lessee hereunder shall survive the expiration, cancellation or other termination of the Term hereofof each Lease.
Appears in 1 contract
Sources: Master Equipment Lease Agreement
Term; Survival. With respect to any Item of Equipment, unless otherwise specified thereonon a Schedule, the initial term of this the Lease (the "Initial Term") shall commence on the earlier of (a) the date risk of loss is transferred from the Supplier to Lessee or Lessor or (b) the date on which such Item of Equipment is delivered to Lessee, Lessee and, unless earlier terminated as provided herein, shall expire on the final Rent Payment Date for such Item of EquipmentInitial Term Expiration Date. With respect to an Item of Equipment, any Any renewal term of this the Lease (individually, a "Renewal Term"), as contemplated hereby, ) shall commence immediately upon the expiration of the Initial Term or any prior Renewal Term, as the case may be, and, unless earlier terminated as provided herein, shall expire on the date on last day of the period for which the final payment of Rent is due and paid hereunderdue. All obligations of Lessee hereunder shall survive the expiration, cancellation or other termination of the Term hereofof each Lease.
Appears in 1 contract
Sources: Master Equipment Lease Agreement (Yocream International Inc)
Term; Survival. With respect to any Item of Equipment, unless otherwise specified thereon, the initial term of this Lease (the "Initial Term") shall commence on the date on which such Item of Equipment is delivered to Lessee, and, unless earlier terminated as provided herein, shall expire on the final Rent Payment Date for such Item of Equipment. With respect to an Item of Equipment, any renewal term of this Lease (individually, a "Renewal Term"), as contemplated hereby, hereby shall commence immediately upon the expiration of the Initial Term or any prior Renewal Term, as the case may be, and, unless earlier terminated as provided herein, shall expire on the date on which the final payment of Rent is due and paid hereunder. All obligations of Lessee hereunder shall survive the expiration, cancellation or other termination of the Term hereof.
Appears in 1 contract
Sources: Master Equipment Lease Agreement (First Albany Companies Inc)
Term; Survival. With respect to any Item of Equipment, unless otherwise specified thereonon a Schedule, the initial term of this the Lease (the "“Initial Term"”) shall commence on the earlier of (a) the date risk of loss is transferred from the Supplier to Lessee or Lessor or (b) the date on which such Item of Equipment is delivered to Lessee, Lessee and, unless earlier terminated as provided herein, shall expire on the final Rent Payment Date for such Item of EquipmentInitial Term Expiration Date. With respect to an Item of Equipment, any Any renewal term of this the Lease (individually, a "“Renewal Term"), as contemplated hereby, ”) shall commence immediately upon the expiration of the Initial Term or any prior Renewal Term, as the case may be, and, unless earlier terminated as provided herein, shall expire on the date on last day of the period for which the final payment of Rent is due and paid hereunderdue. All obligations of Lessee hereunder shall survive the expiration, cancellation or other termination of the Term hereofof each Lease.
Appears in 1 contract