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Title:

Lease Agreement

Entities:

Geokinetics Inc.; Input/Output, Inc.

Date:

2003

Size:

165KB total

Price:

$52

ID:

#903270

Start of Preview

SECTION 1.

Definitions.

SECTION 2.

Lease.

SECTION 3.

Certain Costs.

SECTION 4.

Conditions to Effectiveness.

SECTION 5.

Representations, Warranties and Covenants.

Section 5.1.

Representations and Warranties

Section 5.2.

Covenants.

SECTION 6.

Term and Rent; Restructured Obligations.

Section 6.1.

Lease Term

Section 6.2.

Basic Rent

Section 6.3.

Supplemental Rent

Section 6.4.

Manner of Payments

Section 6.5.

Sales Tax

Section 6.6.

Restructuring of Old Equipment Lease

Section 6.7.

Amendment Fee

SECTION 7.

Ownership and Marking of Equipment; Personal Property.

Section 7.1.

Retention of Title

Section 7.2.

Insignia

Section 7.3.

Personal Property

SECTION 8.

Disclaimer of Warranties.

SECTION 9.

Return of Equipment.

Section 9.1.

Return of Equipment

Section 9.2.

Condition of Units

SECTION 10.

Security Interest; Guarantees.

Section 10.1.

Grant of Security Interests

Section 10.2.

Pledge

Section 10.3.

Uncertificated Securities

Section 10.4.

The Guaranty

SECTION 11.

Maintenance and Operation; Compliance with Laws; Subleases.

Section 11.1.

Maintenance and Operation

Section 11.2.

Compliance with Laws, etc

Section 11.3.

Sublease

SECTION 12.

Modifications and Replacements.

Section 12.1.

Required Modifications

Section 12.2.

Optional Modifications

Section 12.3.

Removal of Property; Replacements

SECTION 13.

Loss, Destruction or Requisition.

Section 13.1.

Event of Loss

Section 13.2.

Replacement upon Event of Loss

Section 13.3.

Replacement of Unit

Section 13.4.

Eminent Domain

SECTION 14.

Insurance.

Section 14.1.

Insurance Coverage

Section 14.2.

Certificates and Policies.

Section 14.3.

Additional Insurance

SECTION 15.

Inspection.

SECTION 16.

Lease Events of Default.

SECTION 17.

Remedies and Certain Covenants.

Section 17.1.

Remedies

Section 17.2.

Cumulative Remedies

Section 17.3.

No Waiver

Section 17.4.

Notice of Lease Default

Section 17.5.

Lessees Duty to Return Equipment upon Default

Section 17.6.

Specific Performance; Lessor Appointed Lessees Agent

SECTION 18.

Lessees Indemnities.

Section 18.1.

Taxes.

Section 18.2.

General Indemnification and Waiver of Certain Claims.

SECTION 19.

Further Assurances.

SECTION 20.

Lessors Right to Perform.

SECTION 21.

Assignment.

Section 21.1.

Assignment by Lessor

Section 21.2.

Assignment by Lessee

Section 21.3.

Sublessees Performance and Rights

SECTION 22.

Net Lease, Etc.

SECTION 23.

Notices.

SECTION 24.

Purchase Options.

Section 24.1.

Election to Retain or Return Equipment at End of Basic Term

Section 24.2.

Purchase Option

SECTION 25.

Miscellaneous.

Section 25.1.

Merger Covenant

Section 25.2.

No Impairment of Warranties

Section 25.3.

Governing Law; Severability

Section 25.4.

Execution in Counterparts

Section 25.5.

Headings and Table of Contents; Section References

Section 25.6.

Successors and Assigns

Section 25.7.

True Lease

Section 25.8.

Amendments and Waivers

Section 25.9.

Survival

Section 25.10.

Business Days

Section 25.11.

UCC Original

Section 25.12.

Waiver of Trial by Jury

Section 25.13.

Waivers

Section 25.14.

Release of Liens and Guarantees

Appendix A

-

Definitions

Appendix

-

Advances

A-1

Schedules:

  2.1

-

Equipment

  5.2

-

Current Indebtedness

10.1

-

Other Liens

14.1

-

Insurance

Exhibits:

A

-

Certificate of Acceptance

B

-

Acknowledgment Agreement

C

-

Form of Joinder Agreement

D

-

Form of Opinion

E

-

Form of Perfection Certificate

F

-

Form of Landlord Lien Waiver

G

-

Form of Control Agreement