Step Lease definition
Step Lease means any Lease Contract (other than a Deferred Lease) ---------- under which either (a) the requirement that the Lessee make equal Scheduled Payments thereunder does not begin until the thirteenth (13th) month immediately following the commencement date of such Lease Contract, or (b) the Lessee is not required to make any Scheduled Payment for up to three months immediately following the commencement date of such Lease Contract and is not required to made equal Scheduled Payments thereunder during the first 18 months immediately following the commencement date of such Lease Contract.