(2) RISK OF LOSS OR DAMAGE AND TRANSFER OF OWNERSHIP
The Seller hereby assumes and shall bear the entire risk of loss, theft or destruction of and damage to the Lease Property or any part thereof arising from any cause whatsoever whether or not the same results from the negligence of the Seller or from any cause beyond its control until the moment that the Buyer or the Lessee completes the inspection and the acceptance of the Lease Property specified in provision (5) of this Contract.
The ownership of the Lease Property shall pass from the Seller to the Buyer upon completion of the delivery of the Lease Property in accordance with terms and conditions of this Contract.
Leasing Agreement dated June
I 7,
2016
in connection with such failure by the Seller. The Delivery shall be completed upon completion of the
on the terms and conditions set forth hereunder and reverse side hereof:
installation and issuance or deemed issuance of the acceptance in accordance with provision (5) hereunder.