Looking for an agreement? Search from over 1 million agreements now.

Equipment Sublease Dated March 18, 1987

This is an actual contract by Greyhound Lines.
Browse the agreement preview below and buy the entire agreement for $35
Search This Document
EXHIBIT 10.9


(LEASED BUSES)


EQUIPMENT SUBLEASE


This Equipment Sublease Agreement ("Sublease") is made as of March 18, 1987, between GREYHOUND LINES, INC., a California corporation ("Sublessor") and GLI OPERATING COMPANY, a Delaware corporation ("Sublessee").


WHEREAS, Sublessor is the lessee of certain intercity buses (individually a "Unit of Equipment," and collectively the "Equipment") described on Exhibit A attached hereto, pursuant to one or more bus leases described on Exhibit B attached hereto (such bus leases are individually or collectively referred to herein as the "Master Leases") as such Master Leases may have been amended or assigned from time to time; and


WHEREAS, Sublessee is desirous of subletting the Equipment and Sublessor is agreeable to subletting the Equipment to Sublessee;


NOW, THEREFORE, in consideration of the foregoing, and the covenants and conditions herein contained, Sublessor does hereby sublease the Equipment to Sublessee, subject to the following terms and conditions;


1. The term of this Sublease with respect to each Unit of Equipment shall be the corresponding term of the Master Lease applicable to such Unit of Equipment.


2. This Sublease is subject to all of the terms, conditions and rentals of each Master Lease (i) except those which are inconsistent with the express terms and conditions of this Sublease, (ii) except that Sublessee agrees promptly to reimburse Sublessor, upon being invoiced therefor, for the tire rental rates and all other costs attributable to the Equipment that Sublessor is required to pay and does pay to The Goodyear Tire & Rubber Company ("Goodyear") on behalf of itself or Sublessee in accordance with the terms of the Agreement between Sublessor and Goodyear dated August 9, 1983, for the lease of tires, as such Agreement may be amended from time to time (the "Goodyear Agreement") and (iii) except that the rent for Equipment leased by Sublessor under the Master Lease shall be as set forth on Exhibit C attached hereto; and Sublessee agrees to abide by the obligations of Sublessor under said Master Lease, a copy of which has been provided to Sublessee and is made a part hereof by reference. For the purposes of the incorporation of the Master Leases herein, the term "Lessor" shall mean and refer to Sublessor, the term "Lessee" shall mean and refer to Sublessee, 2


and the term "Equipment" shall mean and refer to the Equipment under this Sublease.


3. If, at any time on or before the third anniversary of this Sublease, there shall occur a strike, lockout or labor controversy or the entry of any injun
-- End of Preview --
Home| About Us| FAQ| Subscription | Contact Us |