Okla. Stat. tit. 12A, § 12A-2A-518: Cover - Substitute goods

COVER; SUBSTITUTE GOODS

(1) After a default by a lessor under the lease contract of the

type described in subsection (1) of Section 2A-508 of this title,

or, if agreed, after other default by the lessor, the lessee may

cover by making any purchase or lease of or contract to purchase or

lease goods in substitution for those due from the lessor.

(2) Except as otherwise provided with respect to damages

liquidated in the lease agreement (Section 2A-504 of this title) or

otherwise determined pursuant to agreement of the parties

(subsection (c) of Section 15 of this act and Section 2A-503 of this

title), if a lessee's cover is by a lease agreement substantially

similar to the original lease agreement and the new lease agreement

is made in good faith and in a commercially reasonable manner, the

lessee may recover from the lessor as damages:

(i) the present value, as of the date of the commencement

of the term of the new lease agreement, of the rent

under the new lease agreement applicable to that

period of the new lease term which is comparable to

the then remaining term of the original lease

agreement minus the present value as of the same date

of the total rent for the then remaining lease term of

the original lease agreement, and

(ii) any incidental or consequential damages less expenses

saved in consequence of the lessor's default.

(3) If a lessee's cover is by lease agreement that for any

reason does not qualify for treatment under subsection (2) of this

section, or is by purchase or otherwise, the lessee may recover from

the lessor as if the lessee had elected not to cover and Section 2A-

519 of this title governs.