Common use of Financing Structure Clause in Contracts

Financing Structure. (a) During the Term and subject to the conditions set forth herein, GECITS shall (i) originate, in the manner set forth below, contracts in the form of lease or rental agreements relating to the lease or rental of Equipment to Customers (other than State and Local Government Entities or the United States Government) of IKON and its Subsidiaries (collectively, the “IKON Companies”) at locations in the United States (each, an “Originated Financing Contract”), (ii) purchase, in the manner set forth below, SLG Financing Contracts relating to the lease or rental of Equipment to State and Local Government Entities at locations in the United States, (iii) purchase, in the manner set forth below, IKON Originated Financing Contracts relating to the lease or rental of Equipment to Customers of the IKON Companies at locations in the United States and (iv) purchase, in the manner set forth below, Program FM Stream Financings and Program EM Stream Financings relating to the lease or rental of Equipment to Customers of the IKON Companies at locations in the United States. (b) The payments that may from time to time become due under a Program Financing Contract or Program Stream Financing Agreement consist of (i) the periodic minimum payment thereunder (the “Minimum Periodic Payment”) which shall be allocated between the parties as specified in Section 5.1 and (ii) one or more of the following (if applicable): (A) the excess “cost per copy” meter charge thereunder (i.e., the per copy charge for copies in excess of a stated base volume of copies) (the “CPC Payment”), (B) Sales Tax Payments, (C) late charges thereunder (“Late Charges”), (D) Uplift Payments, (E) collateral protection insurance charges under Purchased Financing Contracts (the “CPI Charges”), (F) payments by the Obligor thereunder in connection with the exercise of any option to purchase the Equipment subject to such Program Financing Contract or Program Stream Financing Agreement, (G) property tax administration fees thereunder (“Administration Fees”) and/or (H) payments in respect of other sundry charges thereunder.

Financing Structure. (a) During On the Term and Closing Date GE will, subject to the terms and conditions set forth hereinin the Asset Purchase Agreement, GECITS shall purchase (iamong other things) the Financing Contracts constituting Purchased Assets under the Asset Purchase Agreement (collectively, “Purchased Financing Contracts”). In addition, following the Closing GE would originate, in the manner set forth below, contracts in the form of lease or rental agreements (each, an “Originated Financing Contract”) relating to the lease or rental of Equipment to non-consumer Customers (other than State and Local Government Entities or the United States Government) of IKON and its Subsidiaries (collectively, the “IKON Companies”) at locations in the United States (each, an “Originated Financing Contract”), (ii) purchase, in the manner set forth below, SLG Financing Contracts relating to the lease or rental of Equipment to State and Local Government Entities at locations in the United States, (iii) purchase, in the manner set forth below, IKON Originated Financing Contracts relating to the lease or rental of Equipment to Customers of the IKON Companies at locations in the United States and (iv) purchase, in the manner set forth below, Program FM Stream Financings and Program EM Stream Financings relating to the lease or rental of Equipment to Customers of the IKON Companies at locations in the United States. (b) Canada. The payments that may from time to time become due under a Program Financing Contract or Program Stream Financing Agreement consist of (ia) the periodic minimum payment thereunder (the “Minimum Periodic Payment”) which shall will be allocated between the parties as specified in Section 5.1 and 3.01, (ii) one or more of the following (if applicable): (Ab) the excess “cost per copy” meter charge thereunder (i.e., the per copy charge for copies in excess of a stated base volume of copies) (the “CPC Payment”), (Bc) payments in respect of the sales/use/franchise tax reimbursement obligations of the Obligor thereunder (the “Sales Tax PaymentsPayment”), (Cd) late charges thereunder (“Late Charges”), (De) payments in respect of the personal property tax reimbursement obligations of the Obligor thereunder (the “Uplift PaymentsPayment”), (Ef) collateral protection CPI insurance charges under Purchased Financing Contracts (the “CPI Charges”), and/or (Fg) payments by the Obligor thereunder in connection with the exercise of any option to purchase the Equipment subject to such Program Financing Contract or Program Stream Financing Agreement, (Gthe payments referred to in clauses (a) property tax administration fees thereunder through (g) being referred to as “Administration Fees”) and/or (H) payments Customer Payments” in respect of other sundry charges thereundera Program Financing Contract).