Master Lease Agreement Equipment

The tenant and the lessor recognize each other and agree that the provisions of this Agreement also benefit Finloc, which can avail itself of these provisions as comprehensively as if it were a party and which, at its sole discretion and on its own behalf, commits the parties to respect their obligations and obligations under these provisions. , to assert and protect their rights directly to the parties under these provisions, including, but not limited to, openness, defence and other legal action. The parties also acknowledge that Finloc has accepted such provisions to its advantage and that it is not entitled to amend this Agreement in any way if the effect of the dissemination of such a change has the effect of terminating, reducing or otherwise altering Finloc`s rights as a third-party beneficiary (without Finloc`s prior written consent). For the duration of a tenancy agreement, the tenant assumes all the risks associated with the loss or deterioration of the equipment; the risks of liability and property damage arising from the device, its use, its sublease and, without limiting the universality of the above, as well as all the risks of liability and property damage that arise from the device, its use, its subletting and, without limiting the universality of the above: subject to the terms of the master rental contract , the lease and vHub terms (as each of these conditions is defined below), the landlord makes the leases available to the tenant and the taker. , for the continuation of the business, personal or mobile property, with all culture accessories, spare parts, spare parts, replacements, supplements, software licenses, repairs, consulting services, consulting services and accessories that are related to it or that are used in relation to them, which can now be connected or delivered or that can be installed or installed at any time. , whether or not they are provided by the lessor (“equipment”), which is described more precisely in the applicable lease agreement that the lessor has taken by listing on vHub and by a reservation on vHub (see below). Each lease agreement is a separate and enforceable lease (“lease agreement”) for the equipment described in it that contains the terms of this master lease and the terms of the vHub. Regardless of the delivery of the device to the taker and its possession and use by the taker, the lessor retains full ownership of the right and ownership of the device, expressly understood that each lease is merely a lease agreement. A master lease works in the same way as a line of credit, as it allows parties who regularly carry out leasing transactions with the same type of assets to avoid the renegotiation of each lease and its respective commercial terms. Additional assets may be added if necessary, as the initial terms of the lease apply to all subsequent schedules. In the case of multi-financing leasing transactions, parties may use framework leases with any financing covered by a separate leasing plan. The separation of each financing transaction with its own leasing plan often isolates the operation from problems related to another leasing plan. However, mlAs generally provide that the taker is late in all other rental plans (cross-by-default) when the default is under a rental plan.