Common use of Description of Equipment Clause in Contracts

Description of Equipment. The equipment listed on Attachment "A" to this Lease Schedule (the "Equipment") is added to the equipment leased under the Lease and made subject to the provisions of the Lease. The estimated capitalized cost of the Equipment is $500,000.00 ("Capitalized Equipment Cost"). Lessor shall inspect and audit the Equipment prior to any funding pursuant to the Lease, at Lessee's sole expense. Notwithstanding anything in the Lease to the contrary, Lessor shall not finance any labor, shipping, installation or training costs related to the Equipment.

Appears in 1 contract

Sources: Master Lease Agreement (International Thoroughbred Breeders Inc)

Description of Equipment. The equipment listed on Attachment "A" to this Lease Schedule (the "Equipment") is added to the equipment leased under the Lease and made subject to the provisions of the Lease. The estimated capitalized cost of the Equipment is $500,000.00 2,851,037.00 ("Capitalized Equipment Cost"). Lessor shall inspect and audit the Equipment prior to any funding pursuant to the Lease, at Lessee's sole expense. Notwithstanding anything in the Lease to the contrary, Lessor shall not finance any labor, shipping, installation or training costs related to the Equipment.

Appears in 1 contract

Sources: Lease Schedule (International Thoroughbred Breeders Inc)

Description of Equipment. The equipment listed on Attachment "A" to this Lease Schedule (the "Equipment") is added to the equipment leased under the Lease and made subject to the provisions of the Lease. The estimated capitalized cost of the Equipment is $500,000.00 1,144,500.00 ("Capitalized Equipment Cost"). Lessor shall inspect and audit the Equipment prior to any funding pursuant to the Lease, at Lessee's sole expense. Notwithstanding anything in the Lease to the contrary, Lessor shall not finance any labor, shipping, installation or training costs related to the Equipment.

Appears in 1 contract

Sources: Master Lease Agreement (Southwest Casino Corp)

Description of Equipment. The equipment listed on Attachment "A" to this Lease Schedule (the "Equipment") is added to the equipment leased under the Lease and made subject to the provisions of the Lease. The estimated capitalized cost of the Equipment is $500,000.00 1,864,405.00 ("Capitalized Equipment Cost"). Lessor shall inspect approve all sales orders and audit invoices related to the Equipment prior to any funding pursuant to the Lease, at Lessee's sole expensefunding. Notwithstanding anything in the Lease to the contrary, Lessor shall not finance any labor, shipping, installation or training costs related to the Equipment.

Appears in 1 contract

Sources: Master Lease Agreement (International Thoroughbred Breeders Inc)

Description of Equipment. The equipment listed on Attachment "A" to this Lease Schedule (the "Equipment") is added to the equipment leased under the Lease and made subject to the provisions of the Lease. The estimated capitalized cost of the Equipment is $500,000.00 1,056,891.75 ("Capitalized Equipment Cost"). Lessor shall inspect and audit the Equipment prior to any funding pursuant to the Lease, at Lessee's sole expense. Notwithstanding anything in the Lease to the contrary, Lessor shall not finance any labor, shipping, installation or training costs related to the Equipment.

Appears in 1 contract

Sources: Master Lease Agreement (International Thoroughbred Breeders Inc)