Exhibit 10.56
MASTER LEASE AGREEMENT
This Master Lease Agreement No. 6079 ("Agreement") is made this 15th day of February. 1999 between
Rainier Funding Services, Inc., a corporation having its principal place of business at 5786 Widewaters Parkway,
Dewitt, New York 13214-2826, ("Lessor") and AppliedTheory Communications, Inc., a New York corporation
having its principal place of business at 125 Elwood Davis Road, Syracuse, New York 13212-4311, ("Lessee").
1. LEASE.
This Agreement sets forth the terms and conditions pursuant to which the Lessor shall lease to Lessee, and
Lessee shall lease from Lessor, various items of personal property (collectively the 'Equipment" or individually an
(item") described in the Equipment Schedule in the form attached to this Agreement as Exhibit A. The terms
Equipment" and item" include, as applicable, any associated software systems and programming. Each Equipment
Schedule incorporates the terms and conditions of this Agreement and shall constitute a separate, distinct and
independent lease and contractual relationship between Lessor and Lessee. The term Lease shall refer to an
Equipment Schedule and this Agreement collectively. By execution of this Agreement the parties hereto agree to
the terms and conditions pursuant to which Equipment may be leased from time to time by Lessor to Lessee. If
more than one Lessee is named in this Lease, the liability of each shall be joint and several.
2. TERM.
(a) Upon delivery of an Item or the Equipment, it shall be installed under Lessee's exclusive direction and
supervision. Lessee shall be solely responsible to inspect and test the Item during installation and, upon
completion of installation if it is found to be in good order, Lessee shall execute and deliver to Lessor a Certificate
of Acceptance substantially in the form attached to this Agreement as Exhibit B. Lessor hereby appoints Lessee
as its agent for inspecting, testing and accepting the Equipment from the supplier(s). All Items listed on a
Certificate of