Common use of End of Lease Position Clause in Contracts

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. At lease expiration, the Lessee will either --------------------- (a) purchase the equipment for 25not less than 10% or nor more than 15% of Total Cost or, (b) renew the Lease for an additional 12 months at 2.501.85% per month and then own the equipment for payment of $1.00.