Common use of MANDATORY FINAL PAYMENT Clause in Contracts

MANDATORY FINAL PAYMENT. If the Mandatory Final Payment box is checked at the end of lease term with respect to a Unit, provided this lease has not been terminated with respect to it, Lessee shall pay the Final Payment stated on the front hereof. Upon receipt of the Final Payment, and all other amounts due under this Lease, plus an amount equal to any taxes due in connection with the transfer of the Unit or the delivery of the xxxx of sale, Lessor shall deliver to Lessee, upon request, a xxxx of sale without warranties except that the Unit is free of all encumbrances of any person claiming through Lessor. Lessee shall purchase the Unit "AS IS, WHERE IS, WITH ALL FAULTS."

Appears in 1 contract

Samples: Meadow Valley Corp

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MANDATORY FINAL PAYMENT. If the Mandatory Final Payment box is checked checked, at the end of lease term with respect to a Unit, provided this lease Lease has not been terminated with respect to it, Lessee shall pay the Final Payment stated on the front hereof. Upon receipt of the Final Payment, and all other amounts due under this Lease, plus an amount equal to any taxes due in connection with the transfer of the Unit or the delivery of the xxxx of sale, Lessor shall deliver to Lessee, upon request, a xxxx of sale without warranties except that the Unit is free of all encumbrances of any person claiming through Lessor. Lessee shall purchase the Unit "AS IS, WHERE IS, WITH ALL FAULTS."

Appears in 1 contract

Samples: Meadow Valley Corp

MANDATORY FINAL PAYMENT. If the Mandatory Final Payment box is checked checked, at the end of lease term with respect to a Unit, provided this lease Lease has not been terminated with respect to it, Lessee shall pay the Final Payment stated on the front hereof. Upon receipt of the Final Payment, and all other amounts due under this Lease, plus an amount equal to any taxes due in connection with the transfer of the Unit or the delivery of the xxxx of sale, Lessor shall deliver to Lessee, upon request, a xxxx of sale without warranties except that the Unit is free of all encumbrances of any person claiming through Lessor. , Lessee shall purchase the Unit "AS IS, WHERE IS, WITH ALL FAULTS."

Appears in 1 contract

Samples: Meadow Valley Corp

MANDATORY FINAL PAYMENT. If the Mandatory Final Payment box is checked checked, at the end of lease term with respect to a Unit, provided this lease Lease has not been terminated with respect to it, Lessee shall pay the Final Payment stated on the front hereof. Upon receipt of the Final Payment, and all other amounts due under this Lease, plus an amount equal to any taxes due in connection with the transfer of the Unit or the delivery of the xxxx bill of sale, Lessor shall deliver to Lessee, upon request, a xxxx of sale bill xx xale without warranties except that the Unit is free of all encumbrances xxxumbrances of any person claiming through Lessor. Lessee shall purchase the Unit "AS IS, WHERE IS, WITH ALL FAULTS."

Appears in 1 contract

Samples: Caterpillar Financial Services (Meadow Valley Corp)

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MANDATORY FINAL PAYMENT. If the Mandatory Final Payment box is checked checked, at the end of lease term with respect to a Unit, provided this lease Lease has not been terminated with respect to it, Lessee shall pay the Final Payment stated on the front hereof. Upon receipt of the Final Payment, and all other amounts due under this Lease, plus an amount equal to any taxes due in connection with the transfer of the Unit or the delivery of the xxxx bill of sale, Lessor shall deliver to Lessee, upon request, a xxxx of bilx xx sale without warranties except that the Unit is free of all encumbrances axx xncumbrances of any person claiming through Lessor. Lessee shall purchase the Unit "AS IS, WHERE IS, WITH ALL FAULTS."

Appears in 1 contract

Samples: Finance Lease (Meadow Valley Corp)

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