Common use of Mandatory Purchase Clause in Contracts

Mandatory Purchase. Lessee shall purchase all of the Equipment covered by a Supplement on the expiration date of the lease term of the Equipment covered by such Supplement for a cash purchase price equal to the amount set forth in Rider A plus an amount equal to all taxes (other than income taxes on any gain on such sale), costs and expenses (including legal fees and expenses) incurred or paid by Lessor in connection with such sale. Upon payment by Lessee of such purchase price, and of all other amounts then due and payable by Lessee hereunder, Lessor shall transfer title to such Equipment to Lessee on an "as-is, where-is" basis, without recourse and without representation or warranty of any kind, express or implied, other than a representation and warranty that such Equipment is free and clear of any liens created by Lessor.