Lease-purchase agreement means an agreement for the use of personal property by an individual for personal, family or household purposes, for an initial period of four months or less, that is automatically renewable with each payment after the ini- tial period, but does not obligate or require the consumer to continue leasing or using the property beyond the initial period, and that permits the consumer to become the owner of the property.
Lease-purchase agreement or "LP Agreement" means each lease purchase agreement entered into between an Obligor and VWFS in the form of standard business terms or otherwise pursuant to which VWFS has provided financing to an Obligor where the Final Rental Amount is substantially greater than the previous payments due under such contract but payment of such Final Rental Amount is not optional pursuant to the terms of such contract.
Examples of Lease-purchase agreement in a sentence
AMENDMENTS, ETC., TO LEASE PURCHASE AGREEMENT REQUIRING CONSENT OF BONDHOLDERS OR BOND INSURER.
AMENDMENTS, ETC., TO LEASE PURCHASE AGREEMENT NOT REQUIRING CONSENT OF BONDHOLDERS.
More Definitions of Lease-purchase agreement
Lease-purchase agreement means an agreement for the lease and installment purchase of a technology system project, or a portion of the project, between the commissioner, on behalf of the state, and a vendor or a third-party financing source.
Lease-purchase agreement means an agreement for the use of personal property by a natural person primarily for personal, family, or household purposes, for an initial period of four months or less that is automatically renewable with each payment after the initial period, but does not obligate or require the consumer to continue leasing or using the prop- erty beyond the initial period, and that permits the consumer to become the owner of the property.
Lease-purchase agreement. The Lease Purchase Agreement, dated as of the Closing Date, by and between Harco Leasing and Navistar Financial.
Lease-purchase agreement means an agreement under which a school administrative unit leases space for a defined period of time at the end of which the school administrative unit has an option to purchase the property for one dollar.
Lease-purchase agreement means a lease between the school district or the
Lease-purchase agreement means a lease between the school district or the department and a vendor that includes an option to purchase the technology equipment or software at the end of the lease period;
Lease-purchase agreement means any agreement between