Common use of Receipt and Acceptance Clause in Contracts

Receipt and Acceptance. Receive each Unit of Equipment at, and pay all delivery charges for each Unit to, the location of original use specified therefore; unload, and, if required, assemble and install the same. Lessee will signify the Date of Acceptance of each Unit of the Equipment by the prompt execution and delivery to ELEX of a Certificate of Acceptance in the form attached hereto as Exhibit I ("Certificate of Acceptance"). The Lessee's execution and delivery to ELEX of the Certificate of Acceptance, signed by an officer of Lessee, shall conclusively establish as between ELEX and the Lessee that each Unit is in good operating order, repair, condition, appearance, is suitable for the purpose of Lessee and the Lease, conforms to the specifications applicable thereto and that such unit has not been used or operated prior to the Date of Acceptance indicated therein. Such acceptance shall not affect Lessee's claims against the manufacturer or manufacturer's warranties.

Receipt and Acceptance. Receive each Unit of Equipment at, and pay all delivery charges for each Unit to, the location of original use specified therefore; unload, and, if required, assemble and install the same. Lessee will signify the Date of Acceptance of each Unit of the Equipment by the prompt execution and delivery to ELEX of a Certificate of Acceptance in the form attached hereto as Exhibit I 1 ("Certificate of Acceptance"). The Lessee's execution and delivery to ELEX of the Certificate of Acceptance, signed by an officer of Lessee, shall conclusively establish as between ELEX and the Lessee that each Unit is in good operating order, repair, condition, appearance, is suitable for the purpose of Lessee and the Lease, conforms to the specifications applicable thereto and that such unit has not been used or operated prior to the Date of Acceptance indicated therein. Such acceptance shall not affect Lessee's claims against the manufacturer or manufacturer's warranties.