Examples of Lease-purchase agreement in a sentence
TREASN/ATD Equipment Finance, Inc.Approve the award of the October 2009 Equipment Lease-Purchase Agreement for financing, on a consolidated basisunder a lease-purchase financing arrangement, the acquisitionof capital equipment by State Agencies.
The proposed Lease-Purchase Agreement also provides that the District will maintain possession and title to the education technology equipment during the term of said Agreement and the Lessor under said Agreement does not retain a perfected security interest in any equipment.
Principal ComponentRent Payment: On August 15 in the following year and amount: 2016 $2,000,000 Prepayment: Rent Payment under this Lease-Purchase Agreement may not be prepaid.
All terms used herein have the meanings ascribed to them in the above-referenced Master Equipment Lease/Purchase Agreement (the “Agreement”).
The Lease-Purchase Agreement amount shall be $2,000,000 payable at closing for the lease-purchase of education technology equipment.