End of Lease Position Clause Samples
POPULAR SAMPLE Copied 1 times
End of Lease Position. At lease expiration, the Lessee will either --------------------- (a) purchase the equipment for 25% or (b) renew the Lease for an additional 12 months at 2.50% per month and then own the equipment for payment of $1.00.
End of Lease Position. Lessee's End-of-Lease position with respect to any Lease is as set forth on the applicable Equipment Schedule.
End of Lease Position. At the expiration of the Initial Term of each Schedule to the Lease, Lessee shall choose a final purchase or renewal option or requirement ("End of Lease Position") as specified in such Schedule, and that choice shall be an election of Lessee's End Position for all, but not less than all, of the Equipment under such Schedule to the Lease. Any Equipment Purchase election shall be a purchase of the Equipment, AS-IS, WHERE-IS. Upon Lessor's receipt of the purchase price, Lessor shall issue to Lessee an equipment ▇▇▇▇ of sale, transferring the Equipment's title to the Lessee without any representation or warranty whatsoever. Lessee shall be responsible for all applicable taxes in connection with any Equipment purchase. Fair market or rental value shall be determined for the Equipment under all Schedules prior to the Initial Term's expiration. Lessee shall be responsible for all applicable taxes in connection with any purchase of Equipment by Lessee.
End of Lease Position