Common use of The Lease Term Clause in Contracts

The Lease Term. 3.1 The Leased Item shall be transferred to the Lessee for the period specified in the relevant Agreement (the Lease Term). The Lease Term for each Agreement shall be calculated starting from the corresponding Lease Term Start Date. 3.2 At the end of the Lease Term under the Agreement, no later than the last day of such Lease Term, the Lessee shall return the relevant Leased Item to the Lessor in accordance with the procedure provided for in clause 11 of these General Terms and Conditions and shall pay the Lessor all the amounts provided for in clause 11 of these General Terms and Conditions (except for cases when the Lessee and the Lessor conclude a purchase and sale agreement for the specified Leased Item in accordance with clause 5.4 of these General Terms and Conditions), and also in any case shall make all other Lessee’s Payments to the Lessor provided for in these General Terms and Conditions and/or the relevant Agreement, including (without limitation) the amount of the Lessee’s debt for previous Lease Periods under such an Agreement. 3.3 At the end of the relevant Lease Term and after the Lessee fulfills its obligations provided for in clause 3.2 of these General Terms and Conditions, the relevant Agreement shall be terminated.

The Lease Term. 3.1 The Leased Item shall be transferred to the Lessee for the period specified in the relevant Agreement (the Lease Term). The Lease Term for each Agreement shall be calculated starting from the corresponding Lease Term Start Date. 3.2 At the end of the Lease Term under the Agreement, no later than the last day of such Lease Term, the Lessee shall return the relevant Leased Item to the Lessor in accordance with the procedure provided for in clause 11 of these General Terms and Conditions and shall pay the Lessor all the amounts provided for in clause 11 of these General Terms and Conditions (except for cases when the Lessee and the Lessor conclude a purchase and sale agreement for the specified Leased Item in accordance with clause 5.4 of these General Terms and Conditions), and also also, in any case case, shall make all other Lessee’s Payments to the Lessor provided for in these General Terms and Conditions and/or the relevant Agreement, including (without limitation) the amount of the Lessee’s debt for previous Lease Periods under such an Agreement. 3.3 At the end of the relevant Lease Term and after the Lessee fulfills fulfils its obligations provided for in clause 3.2 of these General Terms and Conditions, the relevant Agreement shall be terminated.