equipment lease agreement with option to purchase

Receive flat-fee bids from lawyers in our marketplace to compare. fees on any appeal and in any bankruptcy proceedings. Xxxxxx Xxxxxx shall bear the In exchange, the lessee will make payments to the lessor and be responsible for maintaining and paying taxes on the equipment during the lease period. cooperating partys performance of the acts required hereby. Equipment Lease Agreement - SEC.gov ", "This was an easy way to find an attorney to help me with a contract quickly. (the "Tenant"). IN NO EVENT SHALL EITHER PARTY HERETO BE LIABLE TO THE OTHER PARTY FOR ANY SPECIAL, INDIRECT CONSEQUENTIAL If the Lease is extended for any period of time greater than twelve (12) months up Morgan's pipeline, shall remain property of Xxxxxx Xxxxxx. (84) month extended term shall be $600,000. Escrow Holder: Prior Lessor shall Lessor during the Initial Term and Extended Term, if any, of this Lease. Subject to rights of way for roads, highways, ditches, of the Lease, as the same may be extended, and if not exercised within that time, this Option shall terminate. to the Equipment shall remain at all times with the Lessor, unless purchased by Xxxxxx Xxxxxx in accordance with Section 12, below. Oil pressure Upstream/Pump Discharge/Downstream, 16. If Disclaimer: ContractsCounsel is not a law firm and does not provide any kind of legal opinions, advice, or recommendations. Diana is a registered patent attorney and licensed to practice law in Florida and in federal courts in Florida and in Texas. Texas Equipment Lease Agreement with an Independent Sales Organization with Option to Purchase Related Searches Keep in mind, that if the option to buy the equipment from the . Furthermore, if the price of your leased equipment goes down significantly during the lease period, you can re-negotiate with your lessor when its time to make a purchase. 1 resolution 2013- 2 3 a resolution approving a lease agreement, with a possible 4 future purchase option, between provo city and google 5 fiber utah, llc, regarding real property located 6 generally at 744 north 300 west, provo, utah, otherwise 7 known as the network operations center. Core competencies include: For nearly a decade, Diana has been known as the go-to brand builder, business protector, and rights negotiator. TRACT NO. during any such extended term through the date of purchase. Tangible assets 9.3 In the event this Lease is not terminated pursuant to Section9.1, the rent under Article3 Full-service boutique law firm providing personalized services in business law, trademarks, and real estate closings/title work. OR PUNITIVE DAMAGE, WHETHER BASED ON TORT OF CONTRACT. The any improvements constructed by Tenant. using such Equipment without liability for such infringement, or modify or replace such Equipment with non-infringing Equipment Tenant may remove Tenants personal property from the equipment lease agreement with option to purchase - CocoDoc Pursuant to Section18.2 of the Lease, Landlord may exercise the right to force Tenant to exercise this Option. Xxxxxx Xxxxxx shall operate the Equipment The lease to purchase contracts are not standardized so you should understand all the specifics of the contract. This is why you should work with your local lease attorney to help you review and draw up lease option forms that will benefit your business in the long run. Tenant for the period this Lease is in effect, with such taxes and assessments to be prorated to the first and last days of the term. from the site at Lessor's expense. contemplated in this Lease by the Party will result in the violation of any agreement or other instrument to which the Party is Without the prior consent of the 1. professional designation. Lease. Leased Premises. pay all taxes, fees, licenses and governmental charges, together with any penalties or interest thereon, relating to the possession, As consideration for this Option to Purchase Agreement, the Buyer/ Tenant shall pay the Seller/Landlord a non-refundable fee of _____________________ Dollars ($________________), receipt of which is hereby acknowledged by the Seller/Landlord. How to fill out Lease Agreement Equipment Purchase? In all other events, if Tenant assigns this Lease, the assigning Tenant shall remain liable to Landlord for full performance of Tenants obligations under this Lease. A. Lessee hereby assumes and shall bear the entire risk of loss and damage to the Equipment . Easements for roads, public utilities, drainage canals, and to the prior conveyance by Evelyn Love White to K. M. Phillips of an undivided 1/16th interest in the oil, gas and mineral rights. Austin Lease To Purchase Option Agreement Lawyers, Boston Lease To Purchase Option Agreement Lawyers, Chicago Lease To Purchase Option Agreement Lawyers, Dallas Lease To Purchase Option Agreement Lawyers, Denver Lease To Purchase Option Agreement Lawyers, Houston Lease To Purchase Option Agreement Lawyers, Los Angeles Lease To Purchase Option Agreement Lawyers, New York Lease To Purchase Option Agreement Lawyers, Phoenix Lease To Purchase Option Agreement Lawyers, San Diego Lease To Purchase Option Agreement Lawyers, Tampa Lease To Purchase Option Agreement Lawyers, See All Lease To Purchase Option Agreement Laywers. Equipment free and clear of any liens or other encumbrances, and shall not permit any act where Lessor's title or rights may be An option to purchase can appear as a series of clauses in a lease or rental agreement or as a separate document. Time is of the essence in all respects of this Lease. Each party shall also pay all exchange, including, without limitation, any obligation for the payment of any escrow, title, brokerage or other costs incurred with respect to the exchange; (iii)no substitution of the effectuating party shall release said party from any of Conditions: Notwithstanding the exercise of this Option, Tenant shall not be obligated to purchase the Subject Property unless at or LEASE AGREEMENT: 1. PDF 05-035- Exhibit RJS 2 POWER PURCHASE AGREEMENT BETWEEN - Utah Landlord hereby grants to Tenant the exclusive option to purchase the Leased Premises (as defined in the Lease), together with all easements, rights and appurtenances thereto and any improvements owned by Landlord located thereon (Subject Our recruiting team will work with you to find qualified lawyers with the right expertise to support your contract workflow. deliver and record the Special Warranty Deed when the Escrow Holder is in a position to pay the purchase price to Landlord. Lessor shall 8. Upon consultation with and written approval by Lessor, the Parties agree that Xxxxxx Xxxxxx is Xxxxxx Xxxxxx shall pay each Monthly Lease Payment to the Lessor within 15 days of invoicing by Installation shall be performed by and at the expense of Xxxxxx Xxxxxx in a professional and workmanlike Complete our 4-step process to provide info on what you need done. The agreement will give you the option or right to purchase the property on or after the lease period at an agreed upon price. instructions to disburse the same to Landlord upon recordation of Landlords Special Warranty Deed and issuance of the title insurance policy or binder required by Section4(b) of this Option. litigation in addition to any other relief which may be granted, whether legal or equitable, shall be entitled to a reasonable attorneys fee. reasonably concluded that there may be legal defenses available to it which are different from, additional to, or inconsistent Xxxxxx Xxxxxx shall maintain, Xxxxxx Xxxxxx, at its expense, shall keep and maintain the Equipment in good working order and upon exercise of this Option pursuant to Section1 of this Option, or Landlord, upon exercise of its right to force Tenant to exercise this Option pursuant to Section18.2 of the Lease, shall send to the other party the exercising Please review our Privacy Statement and Terms of Use for additional information. Clients Rate Lawyers on our Platform 4.9/5 Stars. closing as set forth in Section4 of this Option have been met and Tenant has been so advised, Tenant shall deposit into escrow the purchase price with rental (Annual Rent) of Seventeen Thousand Five Hundred Fifty and No/100 Dollars ($17,550.00), payable in equal monthly installments in advance on the first day of each calendar month during the term. Depending on the asset type, you'll have to decide whether you want to buy or lease assets for your business. consequences of any violation thereof by Tenant. identity of any party to be substituted in the escrow; (v)the effectuating party shall be responsible for preparing all additional agreements, documents and escrow instructions (collectively, the Exchange Documents) required by the computers, controllers and electronics procured and installed by Xxxxxx Xxxxxx, as necessary to install the Equipment to Kinder shall contain warranties on the part of the Lessor that it has done not act nor created any security interest in the Equipment representatives of the parties. Title to the Subject Property shall be good and marketable and shall be free and clear of all liens, encumbrances, Lease Agreement with Option to Purchase - SEC.gov Connect with our expert recruiting team to start your search. Wax/Hydrate Deposition Laboratory and Field Data/Details, 10. If Xxxxxx Xxxxxx extends the Lease for twelve (12) months, Xxxxxx We will recruit lawyers in our network to serve as your businesses' outside general counsel for on-going legal issues. upon the latter of the expiration of the primary term or an extension thereof, provided Landlord notifies Tenant of such requirement prior to such expiration and provides Tenant with access to the Leased Premises for a reasonable period of time manner in conformance with all recommendations of Lessor, and in compliance with good construction and engineering practices. You will also have the privilege of deducting monthly lease payments as an operating expense. 6.3 Tenant shall not permit any lien to stand against the Leased Premises for work done or materials furnished by or on and assurances as shall be reasonably required in order to fully perform and carry out the terms of this Lease. 3.3 Rent payments shall be mailed to the address provided in Article14 (Notices). Taxes and rentals shall be prorated as of the time of closing. In addition, a party entitled to attorneys fees shall be entitled to all other reasonable costs Articles, Sections or Schedules of this Lease. When he is not driving results for his clients, Richard can be found with his small herd on his Texas homestead. action of any kind whatsoever arising out of the claims of any such broker or agent for any such commission. ", "ContractsCounsel came through in a big way for my start up. 11.3 If the defaulting party is Landlord, Tenant may incur any expenses necessary to 1. approval by the Lessor, which approval shall not be unreasonably withheld. Xxxxxx Xxxxxx shall keep the Equipment Lease Agreement With Option To Purchase Template If your mission is to create the model for your business, be sure to include them: the contract must then be registered with the registrar for equipment rental no later than 14 days after the start of the lease. Security Exchange Commission - Edgar Database, EX-10.7 6 dex107.htm FORM OF LEASE AND OPTION AGREEMENT, ViewedOctober 13, 2021, View Source on SEC. All other closing costs including, without limitation, all other recording fees, state documentary stamps, transfer taxes, ", "I would recommend Contracts Counsel if you require legal work. In the event the parties are unable to agree upon an appraiser, either party shall have the after treatment, 12. Equipment Lease Agreement - US Legal Forms Thanks for submitting. Real estate, plant and equipment lease agreements are classified as either lease purchase agreements or lease rental agreements."Purchase Price" means the amount set forth in the Payment Schedule that Lessee may, at its option, pay to Lessor to purchase the Equipment. 15. written consent of both Parties. Condemnation: Should any entity having the power of condemnation decide prior to the time of closing to acquire all or any portion of, or any interest in, the Subject Property, Tenant, at Tenants sole option, may elect either (i)to any deficiencies to Lessor or accept possession. the contrary, contained herein, installation materials and components such as hardware, pipe, flanges, fittings, valves, wiring, DOCX Hangar Lease Template - Wisconsin Department of Transportation Free Utah Lease Agreement with Option to Purchase | PDF - OpenDocs by the Parties, the Parties agree, as follows: The Lessor hereby leases, non-exclusively, Excellent legal research, writing, analytical and problem solving skills including legal training and compliance with regulatory requirements and corporate policies. This Lease constitutes a valid and legally binding obligation of the Party, enforceable against Main pipeline temperature directly upstream of pump station, 5. In the event the Equipment, during the Term hereof, is lost, damaged, destroyed, in whole or in part, or stolen, Xxxxxx If the Purchase Option is stated as a percentage, the Purchase Option amount will be the product of such percentage multiplied by the final Equipment Cost. desired for collaborative real-time access and recording from the signals and data acquisition SCACA/PLC includes but is not limited Annual Rent shall be adjusted retroactive to the date of the Readjustment Notice and an appropriate payment shall be immediately made between the parties to effectuate the retroactive readjustment. All terms and conditions of this Lease shall remain in full force and effect during the continuation of this Lease, except that the Lessor may increase the rent as provided below. THIS LEASE AND OPTION AGREEMENT (this Lease) is made as of cooperating party shall not be required to acquire or take title to any exchange property; (ii)the cooperating party shall not be required to incur any expense (excluding attorneys fees) or liability whatsoever in connection with the 11. Diana works with individual inventors, startups, and small to medium-sized closely held business entities to build, protect, and leverage a robust intellectual property portfolio comprising patents, trademarks, copyrights, trade dress, and trade secrets. . Subject to Kinder Morgan's option to purchase under Section 12, below, upon the expiration or termination Within thirty (30)days after receipt of a partys notice of exercise of this Option and such partys Indicate if the option to buy the equipment will be available to the Lessee or if this option will not be applied by selecting one of the statements in the tenth article. Tenant agrees to indemnify Landlord and save Landlord harm-less from any and all liability, damage, expense, causes of action, suits, claims or judgments arising from injury to person You may generally recover the cost of such property used in a . Oil Technology (AOT) ("Technology"); AND WHEREAS Xxxxxx to the extent required to delete such easement, covenant or restriction as an objectionable exception to title). Not only is their service more convenient and time-efficient than visiting brick and mortar offices, but its more affordable tooand Ive been universally impressed by the quality of talent provided. The basics of a commercial equipment lease agreement It's important to carefully review the terms of the equipment lease agreement you sign, regardless of whether it's a simple equipment lease agreement, a standard-form contract, or a more specific type of rental lease, such as a heavy equipment agreement. This Lease, including Schedules A, B and C, constitutes the entire agreement between the Parties with respect to its subject its interest in the Equipment to Xxxxxx Xxxxxx whereupon this Lease shall cease. Electrical Conductivity Profile vs. Time of Wax/Hydrate All of the above in Township 11 South, Range 2 West, and containing in the aggregate 360 acres, more or less. All lawyers are vetted by our team and peer reviewed by our customers for you to explore before hiring.
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