The Leased Equipment Sample Clauses

The "Leased Equipment" clause defines the specific items or property that are being provided to the lessee under the terms of the lease agreement. It typically lists or describes the equipment in detail, including identifying information such as serial numbers, models, or quantities, to ensure there is no ambiguity about what is covered. This clause is essential for establishing clarity between the parties regarding the subject of the lease, thereby preventing disputes over what equipment is included and ensuring both parties have a mutual understanding of their rights and obligations.
POPULAR SAMPLE Copied 1 times
The Leased Equipment. 10.1 Unless agreed otherwise prior to the Completion Date, the Company shall leave the Leased Equipment upon the Premises at the Completion Date. The Purchaser acknowledges that it has no title to nor right of possession or use of any such items. 10.2 The Company shall not object to nor hinder any arrangements which the Purchaser may wish to make with the owners of the Leased Equipment nor will it make any claim in relation to it and shall (and subject to the Purchaser paying the Administrators' and/or the Company's legal costs in connection therewith) (if costs in aggregate of more than(pound)200 are incurred) give such assistance to the Purchaser as it may reasonably require to enable the Purchaser to acquire title to or otherwise continue to use the Leased Equipment or any part of it including (at the Purchaser's expense) executing all documents needed to enable the Purchaser so to acquire title or continue use provided always that if the owner of any part of the Leased Equipment refuses to sell or otherwise make available any part of the Leased Equipment to the Purchaser then the Purchaser shall forthwith deliver up such item for collection and removal by the owner. 10.3 The Purchaser shall with effect from the Completion Date indemnify and keep the Company and the Administrators and each of them fully indemnified from and against all hire, rental or other charges payable and any Claim or Loss in relation to any item of Leased Equipment of which the Purchaser has possession and which arise after the Completion Date out of the giving of possession, use or control to the Purchaser of the Leased Equipment by the Company. -------------------------------------------------------------------------------- 14
View Source
The Leased Equipment. 1.1 Party A acknowledges and agrees to lease and Party B acknowledges and agrees to rent the Leased Equipment (See Appendix I). The Leased Equipment shall meet the specified functions, standards and data. Party A shall provide Party B with all applicable and necessary diagram papers, data and other technical materials.
View SourceView Similar (7)
The Leased Equipment. Isonics acknowledges that the Leased Equipment is located in premises that are leased by third parties to Lessor, although Lessor is in default in certain of its obligations under leases to those third parties. Lessor represents that it has had conversations about these defaults and based on those discussions believes that Isonics will be able to negotiate alternative arrangements with the third parties. Isonics agrees to use its best efforts to negotiate accommodation with these third parties, but to the extent Isonics must pay the third parties (or provide other value to the third parties) in excess of the amount set forth in the leases for such premises on a going-forward basis from the Commencement Date, Isonics may pay such expenses and add the amount so paid to the amounts advanced by Isonics to the Lessor under a loan and security agreement entered into between the parties.
View Source

Related to The Leased Equipment

  • Leased Equipment The risk of loss or damage to leased equipment, goods or property shall not transfer to the University except as provided in §680.219, Florida Statutes. Any security interest in the leased equipment, goods or property granted to the Contractor contrary to AGO 79-72 and AGO 80-9 is null and void. Limitations of remedies provisions, which are unconscionable under applicable Florida law, are void. MATERIAL SAFETY DATA SHEET (MSDS). In compliance with Florida Statutes, Ch. 442, a Material Safety Data Sheet (MSDS) must accompany any applicable item delivered under this Agreement.

  • Stored equipment We accept no responsibility for any stored equipment or other property brought on to or left at the premises, and all liability for loss or damage is hereby excluded. All equipment and other property (other than stored equipment) must be removed at the end of each hiring or we will charge fees each day or part of a day at the hire fee per hiring until the same is removed. We may, in our discretion, dispose of any items referred to below by sale or otherwise on such terms and conditions as we think fit, and charge you any costs we incur in storing and selling or otherwise disposing of the same, in any of the following circumstances: (i) your failure either to pay any charges in respect of stored equipment due and payable or to remove the same within seven days after the agreed storage period has ended (ii) your failure to dispose of any property brought on to the premises for the purposes of the hiring.

  • Rental Equipment 7.1 We will at all times own all Rental Equipment supplied to you. You will not let, sell, charge, assign, sub-license or allow a third party to use the Rental Equipment nor remove any labels, and shall not prejudice our rights in the Rental Equipment in any way. We may replace the Rental Equipment from time to time either with your prior consent or provided that the replacement Rental Equipment is of a specification that is at least equal to the Rental Equipment originally supplied and such change does not materially disrupt the provision of the Services. 7.2 Subject to the other terms of this paragraph 7, we (or our authorised representative) shall, during our usual working hours: 7.2.1 where necessary install the Rental Equipment at your premises at a time and date agreed with you; and 7.2.2 use our reasonable endeavours to repair any faults to the Rental Equipment in accordance with our standard procedures (which are available on request). 7.3 It is your responsibility to look after the Rental Equipment that is in your possession or custody and you agree to pay for the Rental Equipment to be replaced or repaired if it is lost, stolen or damaged. 7.4 You will notify us promptly of any faults which occur, any repairs which become necessary, and of any loss, theft or damage to the Rental Equipment. 7.5 You agree that you will only use the Rental Equipment in conjunction with the relevant Services and shall comply with our reasonable instructions in relation to its use. 7.6 You shall be responsible for maintaining adequate cover in place to insure the Rental Equipment while it remains in your possession and custody. You will also be responsible for obtaining and, where appropriate, paying for all necessary licenses, consents and approvals required for the installation and use of the Rental Equipment. 7.7 You will not (and you will ensure that no-one else will) repair, alter, modify or maintain, or make any additions or attachments to, or otherwise alter, the Rental Equipment without our prior written consent. We will not be liable for any costs or charges incurred, faults caused by, or repairs required as a result of, installation or programming of Rental Equipment that is carried out by any other person (other than our employees or agents). You agree to indemnify us for all losses, damages and expenses that are brought against or incurred by us, arising as a result of the same. 7.8 On expiry or termination of the Agreement or the relevant Service, all Rental Equipment must be returned to us in reasonable condition, subject to reasonable wear and tear. If you fail to return or make available for collection the Rental Equipment in a reasonable condition or at all we may, at our option, invoice you for a sum equal to the original cost of the Rental Equipment less any depreciation together with any costs reasonably incurred by us. 7.9 In the event that you return Rental Equipment to us and it is not received by us, in the absence of reasonable evidence that the Rental Equipment has been delivered to us you accept that you shall remain liable for the Rental Equipment.

  • Furniture, Fixtures and Equipment Licensee acknowledges receipt in good condition of the Premises, without warranty, expressed or implied, on its condition or fitness. Licensee shall not alter the Premises’ fixtures, furnishings or equipment without consent of the Institute. Upon expiration or revocation of this License Contract, Licensee shall return the Premises, with Institute’s furniture, fixtures and equipment to Institute in the same condition as when received, less reasonable wear and tear. Licensee waives California Civil Code Section 1957, if applicable.

  • Plant and Equipment The plants, structures and equipment of the Company are structurally sound with no known defects and are in good operating condition and repair and are adequate for the uses to which they are being put; and none of such plants, structures or equipment are in need of maintenance or repairs except for ordinary, routine maintenance and repairs which are not material in nature or cost. Except as set forth in Schedule 3.16, the Company has not received notification that it is in violation of any applicable building, zoning, anti-pollution, health or other law, ordinance or regulation in respect of its plants or structures or their operations and no such violation exists.