Common use of True Lease Clause in Contracts

True Lease. The Lease Agreement is a true lease and not an agreement for sale; and the Equipment is movable, personal property of Lessor and not a fixture. Lessee shall not obtain any ownership interest in the Equipment.

Appears in 11 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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True Lease. The Lease Agreement is a true lease and not an agreement for sale; and the Equipment is movable, personal property of Lessor and not a fixture. Lessee shall not obtain any ownership interest in the Equipment.

Appears in 1 contract

Samples: Lease Agreement

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