Common use of USED ON-ORDER EQUIPMENT Clause in Contracts

USED ON-ORDER EQUIPMENT. Lessor will purchase used Equipment which is obtained from a third party by Lessee for its use subject to Lessor's prior approval of the Equipment and at Lessor's appraised value for such used Equipment.

USED ON-ORDER EQUIPMENT. Lessor will purchase used Equipment which is obtained from a third party by Lessee for its use subject to Lessor's ’s prior approval of the Equipment and at Lessor's ’s appraised value for such used Equipment.