№ files_lp_3_process_9_38760
Contractual lease agreement establishing terms, obligations, and risk allocation for the rental, maintenance, insurance, and potential loss or replacement of specified equipment between a university medical institution and a lessor.
Parties: The University of Texas Medical Branch at Galveston (Lessee); Lessor (unnamed)
Type of document: Equipment Lease Agreement
Subject: Lease of equipment described in Exhibit A (Property Schedule)
Lease term: Initial period of specified months commencing upon Property acceptance
Commencement condition: Execution of Acceptance Certificate by Lessee
Payment terms: Monthly rental payments in advance as set forth in Exhibit B (Payment Schedule)
Invoice address: UTMB – Accounts Payable, 301 University Boulevard – Rt. 0907, Galveston, Texas 77555-0907
Tax status: Property intended to be tax-exempt for governmental or proprietary use
Insurance requirement: All-risk insurance at 100% of replacement value
Maintenance responsibility: Lessee
Permits and compliance: Lessee responsible for permits and legal compliance
Governing location: Galveston, Texas
Exhibits: Exhibit A (Property Schedule); Exhibit B (Payment Schedule)
Price: 8 / 10 USD
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