Common use of Proposed Terms Clause in Contracts

Proposed Terms. Extend the Lease for the Equipment effective January 1, 1998. The new monthly payment is $122,189.00 to be paid in advance for 57 months. At end of lease extension, equipment will have a fair market value cap not to exceed 10.5% of original equipment cost.

Proposed Terms. Extend the Lease for the Equipment effective January 1, 1998. The new monthly payment is $122,189.00 139,895.00 to be paid in advance for 57 45 months. At end of lease extension, equipment will have a fair market value cap not to exceed 10.520% of original equipment cost.. OPTION #2