Common use of Term of the Lease Clause in Contracts

Term of the Lease. 4.2.1 The term of the Lease shall be sixty (60) months commencing on the Acceptance date. 4.2.2 At the expiration of the full original term hereof, if this Lease has remained in effect and the Operator has duly performed all its obligations thereunder during the entire such term, then the Operator shall have the option to either: (a) Obtain a new lease agreement in the form then being generally offered by the Operator to the trade under which the Operator shall replace the Leased Equipment or the entire TCTS-1 System, as the case may be, with new equipment, free of any installation charge payable by the Operator; (b) Continue to use the same equipment installed hereunder and thereby extend the term of this Lease at a reduced rental rate of US $6,250 per month for a period of one year with further successive automatic one-year extensions subject only to the Operator's right to terminate this Lease at the end of any extension year upon prior written notice of not less than 90 days; or (c) Request that the Manufacturer exercise its right of first refusal to repurchase the Purchased Equipment pursuant to Section 13.2 of this Agreement, in which event the Manufacturer shall have sixty (60) days following the Manufacturer's receipt of such notice to either: (i) notify the Operator of its intent to repurchase the Purchased Equipment and, within ninety (90) days of such 305 notice, effectuate such repurchase and thereupon enter upon the premises where the said TCTS-1 System is located and remove the entire TCTS-1 System from the Operator's premises at the Manufacturer's expense, or (ii) notify the Operator that it does not intend to repurchase the Purchased Equipment and, as soon as practicable thereafter, enter upon the premises where the TCTS-1 System is located, take possession of the Leased Equipment without previous demand or notice and without legal process, retrieve the Leased Equipment from the TCTS-1 System and remove the Leased Equipment from the Operator's premises at the Manufacturer's expense.

Term of the Lease. 4.2.1 The term of the Lease shall be sixty (60) months commencing on the Acceptance date. 4.2.2 At the expiration of the full original term hereof, if this Lease has remained in effect and the Operator has duly performed all its obligations thereunder during the entire such term, then the Operator shall have the option to either: (a) Obtain a new lease agreement in the form then being generally offered by the Operator to the trade under which the Operator shall replace the Leased Equipment or the entire TCTS-1 System, as the case may be, with new equipment, free of any installation charge payable by the Operator; (b) Continue to use the same equipment installed hereunder and thereby extend the term of this Lease at a reduced rental rate of US $6,250 per month for a period of one year with further successive automatic one-year extensions subject only to the Operator's right to terminate this Lease at the end of any extension year upon prior written notice of not less than 90 days; or (c) Request that the Manufacturer exercise its right of first refusal to repurchase the Purchased Equipment pursuant to Section 13.2 of this Agreement, in which event the Manufacturer shall have sixty (60) days following the Manufacturer's receipt 368 of such notice to either: (i) notify the Operator of its intent to repurchase the Purchased Equipment and, within ninety (90) days of such 305 notice, effectuate such repurchase and thereupon enter upon the premises where the said TCTS-1 System is located and remove the entire TCTS-1 System from the Operator's premises at the Manufacturer's expense, or (ii) notify the Operator that it does not intend to repurchase the Purchased Equipment and, as soon as practicable thereafter, enter upon the premises where the TCTS-1 System is located, take possession of the Leased Equipment without previous demand or notice and without legal process, retrieve the Leased Equipment from the TCTS-1 System and remove the Leased Equipment from the Operator's premises at the Manufacturer's expense.

Term of the Lease. 4.2.1 The term of the Lease shall be sixty (60) months commencing on the Acceptance date. 4.2.2 At the expiration of the full original term hereof, if this Lease has remained in effect and the Operator has duly performed all its obligations thereunder during the entire such term, then the Operator shall have the option to either: (a) Obtain a new lease agreement in the form then being generally offered by the Operator to the trade under which the Operator shall replace the Leased Equipment or the entire TCTS-1 Systemwith renewal terms, as the case may be, with new equipment, free of any installation charge payable agreed by the Operatorparties; (b) Continue to use the same equipment installed hereunder and thereby extend the term of this Lease at the a reduced rental rate of US $6,250 per month for a period of one year with further successive automatic one-year extensions subject only to the Operatoreither party's right to terminate this Lease at the end of any extension year upon by at least 90 days prior written notice of not less than 90 daystermination of the other; or (c) Request that the Manufacturer exercise its right of first refusal to repurchase the Purchased Equipment pursuant to Section 13.2 13.1 of this Agreement, in which event the Manufacturer shall have sixty thirty (6030) days following the Manufacturer's receipt of such notice to either: (i) notify the Operator of its intent to repurchase the Purchased Equipment and, within ninety sixty (9060) days of such 305 notice, effectuate such repurchase and thereupon enter upon the premises where the said TCTS-1 TCS-1 System is located and remove the entire TCTS-1 TCS-1 System from the 411 Operator's premises at the Manufacturer's expense, or (ii) notify the Operator that it does not intend to repurchase the Purchased Equipment and, as soon as practicable thereafterwithin thirty (30) days of such notice, enter upon the premises where the TCTS-1 TCS-1 System is located, take possession of the Leased Proprietary Equipment without previous demand or notice and without legal process, retrieve the Leased Proprietary Equipment from the TCTS-1 TCS-1 System and remove the Leased Proprietary Equipment from the Operator's premises at the Manufacturer's expense.

Term of the Lease. 4.2.1 The term of the Lease shall be sixty (60) months commencing on the Acceptance date. 4.2.2 At the expiration of the full original term hereof, if this Lease has remained in effect and the Operator has duly performed all its obligations thereunder during the entire such term, then the Operator shall have the option to either: (a) Obtain a new lease agreement in the form then being generally offered by the Operator to the trade under which the Operator shall replace the Leased Equipment or the entire TCTS-1 TCS-1 System, as the case may be, with new equipment, free of any installation charge payable by the Operator; (b) Continue to use the same equipment installed hereunder and thereby extend the term of this Lease at a reduced rental rate of US $6,250 per month for a period of one year with further successive automatic one-year extensions subject only to the Operator's right to terminate this Lease at the end of any extension year upon prior written notice of not less than 90 days; or (c) Request that the Manufacturer exercise its right of first refusal to repurchase the Purchased Equipment pursuant to Section 13.2 of this Agreement, in which event the Manufacturer shall have sixty (60) days following the Manufacturer's receipt of such notice to either: (i) notify the Operator of its intent to repurchase the Purchased Equipment and, within ninety (90) days of such 305 notice, effectuate such repurchase and thereupon enter upon the premises where the said TCTS-1 TCS-1 System is located and remove the entire TCTS-1 TCS-1 System from the Operator's premises at the Manufacturer's expense, or (ii) notify the Operator that it does not intend to repurchase the Purchased Equipment and, as soon as practicable thereafter, enter upon the premises where the TCTS-1 TCS-1 System is located, take possession of the Leased Equipment without previous demand or notice and without legal process, retrieve the Leased Equipment from the TCTS-1 TCS-1 System and remove the Leased Equipment from the Operator's premises at the Manufacturer's expense.

Term of the Lease. 4.2.1 The term of the Lease shall be sixty (60) months commencing on the Acceptance date. 4.2.2 At the expiration of the full original term hereof, if this Lease has remained in effect and the Operator has duly performed all its obligations thereunder during the entire such term, then the Operator shall have the option to either: (a) Obtain a new lease agreement in the form then being generally offered by the Operator to the trade under which the Operator shall replace the Leased Equipment or the entire TCTS-1 TCS-1 System, as the case may be, with new equipment, free of any installation charge payable by the Operator;; 285 (b) Continue to use the same equipment installed hereunder and thereby extend the term of this Lease at a reduced rental rate of US $6,250 per month for a period of one year with further successive automatic one-year extensions subject only to the Operator's right to terminate this Lease at the end of any extension year upon prior written notice of not less than 90 days; or (c) Request that the Manufacturer exercise its right of first refusal to repurchase the Purchased Equipment pursuant to Section 13.2 of this Agreement, in which event the Manufacturer shall have sixty (60) days following the Manufacturer's receipt of such notice to either: (i) notify the Operator of its intent to repurchase the Purchased Equipment and, within ninety (90) days of such 305 notice, effectuate such repurchase and thereupon enter upon the premises where the said TCTS-1 TCS-1 System is located and remove the entire TCTS-1 TCS-1 System from the Operator's premises at the Manufacturer's expense, or (ii) notify the Operator that it does not intend to repurchase the Purchased Equipment and, as soon as practicable thereafter, enter upon the premises where the TCTS-1 TCS-1 System is located, take possession of the Leased Equipment without previous demand or notice and without legal process, retrieve the Leased Equipment from the TCTS-1 TCS-1 System and remove the Leased Equipment from the Operator's premises at the Manufacturer's expense.

Term of the Lease. 4.2.1 The term of the Lease shall be sixty (60) months commencing on the Acceptance date. 4.2.2 At the expiration of the full original term hereof, if this Lease has remained in effect and the Operator has duly performed all its obligations thereunder during the entire such term, then the Operator shall have the option to either: (a) Obtain a new lease agreement in the form then being generally offered by the Operator to the trade under which the Operator shall replace the Leased Equipment or the entire TCTS-1 Systemwith renewal terms, as the case may be, with new equipment, free of any installation charge payable agreed by the Operatorparties; (b) Continue to use the same equipment installed hereunder and thereby extend the term of this Lease at a reduced rental rate of US $6,250 per month for a period of one year with further successive automatic one-year extensions subject only to the Operatoreither party's right to terminate this Lease at the end of any extension year upon by at least 90 days prior written notice of not less than 90 daystermination of the other; or (c) Request that the Manufacturer exercise its right of first refusal to repurchase the Purchased Equipment pursuant to Section 13.2 13.1 of this Agreement, in which event the Manufacturer shall have sixty thirty (6030) days following the Manufacturer's receipt of such notice to either: (i) notify the Operator of its intent to repurchase the Purchased Equipment and, within ninety sixty (9060) days of such 305 notice, effectuate such repurchase and thereupon enter upon the premises where the said TCTS-1 TCS-1 System is located and remove the entire TCTS-1 TCS-1 System from the Operator's premises at the Manufacturer's expense, or (ii) notify the Operator that it does not intend to repurchase the Purchased Equipment and, as soon as practicable thereafterwithin thirty (30) days of such notice, enter upon the premises where the TCTS-1 TCS-1 System is located, take possession of the Leased Proprietary Equipment without previous demand or notice and without legal process, retrieve the Leased Proprietary Equipment from the TCTS-1 TCS-1 System and remove the Leased Proprietary Equipment from the Operator's premises at the Manufacturer's expense.

Term of the Lease. 4.2.1 The term of the Lease shall be sixty (60) months commencing on the Acceptance date. 4.2.2 At the expiration of the full original term hereof, if this Lease has remained in effect and the Operator has duly performed all its obligations thereunder during the entire such term, then the Operator shall have the option to either: (a) Obtain a new lease agreement in the form then being generally offered by the Operator to the trade under which the Operator shall replace the Leased Equipment or the entire TCTS-1 Systemwith renewal terms, as the case may be, with new equipment, free of any installation charge payable agreed by the Operatorparties; (b) Continue to use the same equipment installed hereunder and thereby extend the term of this Lease at a reduced rental rate of US $6,250 per month for a period of one year with further successive automatic one-year extensions subject only to the Operator's right to terminate this Lease at the end of any extension year upon prior written notice of not less than 90 daysfive years; or (c) or Request that the Manufacturer exercise its right of first refusal to repurchase the Purchased Equipment pursuant to Section 13.2 13.1 of this Agreement, in which event the Manufacturer shall have sixty thirty (6030) days following the Manufacturer's receipt of such notice to either: (i) notify the Operator of its intent to repurchase the Purchased Equipment and, within ninety sixty (9060) days of such 305 notice, effectuate such repurchase and thereupon enter upon the premises where the said TCTS-1 TCS-1 System is located and remove the entire TCTS-1 TCS-1 System from the Operator's premises at the Manufacturer's expense, or (ii) notify the Operator that it does not intend to repurchase the Purchased Equipment and, as soon as practicable thereafterwithin thirty (30) days of such notice, enter upon the premises where the TCTS-1 TCS-1 System is located, take possession of the Leased Proprietary Equipment without previous demand or notice and without legal process, retrieve the Leased Proprietary Equipment from the TCTS-1 TCS-1 System and remove the Leased Proprietary Equipment from the Operator's premises at the Manufacturer's expense.

Term of the Lease. 4.2.1 The term of the Lease shall be sixty (60) months commencing on the Acceptance date. 4.2.2 At the expiration of the full original term hereof, if this Lease has remained in effect and the Operator has duly performed all its obligations thereunder during the entire such term, then the Operator shall have the option to either: (a) Obtain a new lease agreement in the form then being generally offered by the Operator to the trade under which the Operator shall replace the Leased Equipment or the entire TCTS-1 Systemwith renewal terms, as the case may be, with new equipment, free of any installation charge payable agreed by the Operatorparties; (b) Continue to use the same equipment installed hereunder and thereby extend the term of this Lease at a reduced rental rate of US $6,250 8,770 per month for a period of one year with further successive automatic one-year extensions subject only to the Operatoreither party's right to terminate this Lease at the end of any extension year upon by at least 90 days prior written notice of not less than 90 daystermination of the other; or (c) Request that the Manufacturer exercise its right of first refusal to repurchase the Purchased Equipment pursuant to Section 13.2 13.1 of this Agreement, in which event the Manufacturer shall have sixty thirty (6030) days following the Manufacturer's receipt of such notice to either: (i) notify the Operator of its intent to repurchase the Purchased Equipment and, within ninety sixty (9060) days of such 305 notice, effectuate such repurchase and thereupon enter upon the premises where the said TCTS-1 TCS-1 System is located and remove the entire TCTS-1 TCS-1 System from the Operator's premises at the Manufacturer's expense, or (ii) notify the Operator that it does not intend to repurchase the Purchased Equipment and, as soon as practicable thereafterwithin thirty (30) days of such notice, enter upon the premises where the TCTS-1 TCS-1 System is located, take possession of the Leased Proprietary Equipment without previous demand or notice and without legal process, retrieve the Leased Proprietary Equipment from the TCTS-1 TCS-1 System and remove the Leased Proprietary Equipment from the Operator's premises at the Manufacturer's expense.