Equipment Leases and Contracts Sample Clauses

The Equipment Leases and Contracts clause defines the terms under which equipment is leased or contracted between parties. It typically outlines responsibilities for maintenance, payment schedules, duration of the lease, and conditions for return or purchase of the equipment. This clause ensures that both parties clearly understand their obligations and rights regarding the use and care of leased equipment, thereby minimizing disputes and allocating risk associated with equipment use and ownership.
Equipment Leases and Contracts. Schedules of all executed Equipment Leases and Contracts pertaining to the Hotel/Casino Facility or any portion thereof, in existence as of the Closing Date, are set forth on Schedule 4.16 attached hereto.
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Equipment Leases and Contracts. A schedule of all executed Equipment Leases and Contracts pertaining to the Casino Facilities or any portion thereof, in existence on the date hereof, is set forth on Schedule 4.17 attached hereto.
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Equipment Leases and Contracts. Except as disclosed on SCHEDULE 3.13 hereto, the Company is not a party to, nor are its assets bound by, any executory agreements (including dealer and distributor agreements), purchase orders (other than purchase commitments for supplies in the ordinary course of business), bailment agreements, equipment leases, commitments, contracts, employment agreements, warranties, guarantees, understandings or other agreements (a) which involve or may involve the annual payment of more than $2,500, (b) which are of a duration in excess of twelve (12) months from the date of execution thereof, (c) to which any stockholder, officer, director or employee of the Company is a party in any capacity, which is not being extinguished on or before the Closing Date, or (d) whose termination would result in a liability of $5,000 or more (said agreements, together with the Real Property Leases, being referred to herein collectively as the "Material Agreements"). Each Material Agreement is listed on SCHEDULE 3.13 . True and correct copies of each of the Material Agreements have been delivered to Premiere and each Material Agreement is in full force and effect, has an expiration date as set forth on SCHEDULE 3.13, has not been amended or modified except as set forth on SCHEDULE 3.13, and constitutes the entire agreement between the parties thereto with respect to the subject matter thereof. The Company is not, and to the Knowledge of the Company and the Shareholders, no third party to any Material Agreement is in material default thereunder, nor is the Company aware of any fact or circumstances with respect to any Material Agreement which upon notice or lapse of time could give rise to a material default thereunder.
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Equipment Leases and Contracts. A true and complete list of all executed Equipment Leases and Contracts pertaining to the Real Property, or any portion thereof, in existence as of the Closing Date, is set forth in Exhibit "D" attached hereto.
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Equipment Leases and Contracts. Except as disclosed on SCHEDULE 5.14 hereto, CP is not a party to, nor are the Assets bound by, any executory agreements (including dealer and distributor agreements), purchase orders (other than purchase commitments for supplies in the ordinary course of business), bailment agreements, equipment leases, commitments, contracts, employment agreements, warranties, guarantees, understandings or other agreements (a) which involve or may involve the annual payment of more than $2,500, (b) which are of a duration in excess of twelve (12) months from the date of execution thereof, or (c) to which any stockholder, officer, director or employee of CP are a party in any capacity, which is not being extinguished on or before the Closing Date (said agreements, together with the Real Property Leases, being referred to herein collectively as the "Material CP Agreements"); true and correct copies of each of the Material CP Agreements have been delivered to Premiere and each of them is in full force and effect, with an expiration date as set forth on SCHEDULE 5.14, have not been amended or modified except as set forth on SCHEDULE 5.14, and constitute the entire agreement between the parties thereto with respect to the subject matter thereof. CPI and SJM are not, and to the best knowledge of CPI and SJM no third party to any Material CP Agreement is in material default thereunder, nor is CPI or SJM aware of any fact or circumstances with respect to any Material CP Agreement which upon notice or lapse of time could give rise to a material default thereunder.
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Related to Equipment Leases and Contracts

  • Leases and Contracts A complete and accurate list describing all material leases (whether of real or personal property) and each contract, promissory note, mortgage, license, franchise, or other written agreement to which AHR is a party which involves or can reasonably be expected to involve aggregate future payments or receipts by AHR (whether by the terms of such lease, contract, promissory note, license, franchise or other written agreement or as a result of a guarantee of the payment of or indemnity against the failure to pay same) of $1,000.00 or more annually during the twelve-month period ended December 31, 2001 or any consecutive twelve-month period thereafter, except any of said instruments which terminate or are cancelable without penalty during such twelve-month period. (Schedule DD.)

  • Equipment Leases Landlord shall enter into such leases of equipment and personal property as Tenant may reasonably request from time to time, provided that the form and substance thereof shall be reasonably satisfactory to Landlord. Tenant shall prepare and deliver to Landlord all such lease documents for which Landlord's execution is necessary and Landlord shall promptly, upon approval thereof, execute and deliver such documents to Tenant. Tenant shall, throughout the Term, be responsible for performing all of Landlord's obligations under all such documents and agreements, including without limitation, all Contracts, as defined in the Purchase Agreement.

  • Equipment; Leasehold (a) All material items of equipment and other tangible assets owned by or leased to the Company are adequate for the uses to which they are being put, are in good condition and repair (ordinary wear and tear excepted) and are adequate for the conduct of the Company's business in the manner in which such business is currently being conducted. (b) The Company does not own any real property or any interest in real property, except for the leasehold created under the real property lease identified in Part 2.10 of the Disclosure Schedule.

  • Assignment of Contracts GSAM agrees to assign (or cause to be assigned) to GSRP or OpCo without recourse, representation or warranty (except as expressly set forth in this Agreement), all of GSAM’s or such Affiliate’s right, title and interest in and to, and GSRP agrees to assume, or cause OpCo to agree to assume, the obligations of GSAM or such Affiliate’s obligations under, each of the Contracts set forth on Section 6.18 of the GSRP Disclosure Letter (collectively the “Assigned Contracts”), pursuant to documentation (the “Assigned Contracts Documentation”) in form and substance consistent with this Section 6.18 and otherwise in form and substance satisfactory to the Parties. GSAM has made available, or caused to be made available, to GSRP true and correct copies of the Assigned Contacts. Except as provided below, GSAM shall remain responsible for paying and satisfying, and shall protect, defend, indemnify and hold harmless GSRP from, all Liabilities related to or arising from the Assigned Contracts, to the extent such Liabilities relate to or arise from the period prior to the Closing. GSRP shall be responsible for paying and satisfying, and shall protect, defend, indemnify and hold harmless GSAM from, all Liabilities related to or arising from the Assigned Contracts, to the extent such Liabilities relate to or arise from the period on or after the Closing. Notwithstanding the second preceding sentence, in the case of any Assigned Contract that prior to the Closing was for the benefit of the GSRP Entities, from and after the Closing GSRP shall protect, defend, indemnify and hold harmless GSAM from, all Liabilities, related to or arising from such Assigned Contract, to the extent GSRP is required to do so under the Management Agreement. Without limiting the foregoing, OpCo shall remain responsible for, and shall pay and discharge when due all Liabilities that constitute Company Expenses (as defined in the OpCo LLC Agreement) that were incurred prior to the Closing.

  • Contracts and Leases Schedule 4.10 sets forth a true and complete list of all Leases and executory Contracts of the Company that are material to the Business, and Sellers have delivered to Buyer true and complete copies of all such Leases and Contracts, each as amended as of the Agreement Date (the “Material Contracts”). Subject to receipt of the Necessary Consents and compliance with Section 6.10 and subject to the entry of the Sale Order, and any ancillary orders of the Bankruptcy Court pertaining to assumption and assignment of Contracts (a) each of the Material Contracts is in full force and effect and constitutes a valid and binding obligation of the Company or Sellers, and, to the Knowledge of Sellers, each other party thereto, and (b) except as a result of the commencement of the Bankruptcy Cases, the Company or Sellers are not in breach or default in any material respect under any of the Material Contracts and, to the Knowledge of Sellers, the other parties to such Contracts are not in breach or default in any material respect thereunder (and in each such case, to the Knowledge of Sellers, no event exists that with the passage of time or the giving of notice would constitute such material breach or default in any material respect, result in a loss of material rights, result in the payment of any damages or penalties or result in the creation of any Liens thereunder or pursuant thereto other than Permitted Liens); except (i) for those defaults that will be cured in accordance with the Sale Order, are not required to be cured pursuant to section 365(b)(1)(A) of the Bankruptcy Code, or waived in accordance with section 365 of the Bankruptcy Code, or (ii) to the extent such breach or default would not reasonably be expected to have a Seller Material Adverse Effect. Except for filings in the Chapter 11 Cases, to Sellers’ Knowledge, none of the Material Contracts have been cancelled or otherwise terminated by the Company or Sellers, and neither the Company nor Sellers have not delivered any written notice to any counterparty to such Material Contract regarding any such cancellation or termination by the Company or Sellers.