Common use of Purchase Option; Prepayment Clause in Contracts

Purchase Option; Prepayment. Lessee may exercise its purchase option with respect to the Equipment subject to this Lease on January 5, 2032, and any Rental Payment Date thereafter at the applicable Purchase Price shown on the Payment Schedule attached hereto, all in accordance with Section 31(a)(i) of the Master Agreement. If a Purchase Price is not listed for such date that Lessee has designated as the purchase date, the Purchase Price for that date shall be calculated as the Rental Payment then due at 102% of the then outstanding principal balance of the Lease.

Appears in 1 contract

Sources: Master Equipment Lease Purchase Agreement

Purchase Option; Prepayment. Lessee may exercise its purchase option with respect to the Equipment subject to this Lease on January 5, 203220 , and any Rental Payment Date thereafter at the applicable Purchase Price shown on the Payment Schedule attached hereto, all in accordance with Section 31(a)(i) of the Master Agreement. If a Purchase Price is not listed for such date that Lessee has designated as the purchase date, the Purchase Price for that date shall be calculated as the Rental Payment then due at 102% of the then outstanding principal balance of the Lease.

Appears in 1 contract

Sources: Master Equipment Lease Purchase Agreement

Purchase Option; Prepayment. Lessee may exercise its purchase option with respect to the Equipment subject to this Lease on January 5July , 20322026, and any Rental Payment Date thereafter at the applicable Purchase Price shown on the Payment Schedule attached hereto, all in accordance with Section 31(a)(i) of the Master Agreement. If a Purchase Price is not listed for such date that Lessee has designated as the purchase date, the Purchase Price for that date shall be calculated as the Rental Payment then due at 102% of the then outstanding principal balance of the Lease.

Appears in 1 contract

Sources: Master Equipment Lease Purchase Agreement