Straight Lease definition

Straight Lease means a transaction in which the Agency takes title, possession or control (by lease, license, or otherwise) to the property or the equipment of a project occupant, entitling such property or equipment to be exempt from taxation according to the provisions of GML§874, and no financial assistance in the form of proceeds of bonds issued by the Agency is provided to the project occupant.
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Examples of Straight Lease in a sentence

  • A Purchasing Entity must notify the Contractor or Authorized Dealer, in writing, at least thirty (30) days in advance, if they wish to exercise the Buyout to Return option on an FMV or Straight Lease, and return the Device to the Contractor in good working condition (ordinary wear and tear excepted).

  • The lease terms available for an FMV Lease, $1 Buyout Lease and Straight Lease are 12, 18, 24, 36, 48, and 60 months.

  • Buyout to Return The early termination option on an FMV, Capital or Straight Lease that involves the return of the Equipment by the Purchasing Entity to Awarded Vendor, in good working condition (ordinary wear and tear excepted), and consists of any current and past due amounts, plus the remaining stream of Equipment Payments.

  • Straight Lease A type of agreement in which ownership is not an option and the Total Monthly Payment amount remains firm throughout the Initial Term.

  • A Purchasing Entity must notify the Awarded Vendor or Authorized Dealer, in writing, at least thirty (30) days in advance, if they wish to exercise the Buyout to Return option on an FMV, Capital or Straight Lease, and return the Equipment to the Awarded Vendor in good working condition (ordinary wear and tear excepted).

  • Customer must notify CFS, in writing, at least thirty (30) days in advance, if it wishes to exercise the Buyout to Return option on an FMV, Capital or Straight Lease, and return the Equipment to CFS in good working condition (ordinary wear and tear excepted).

  • To initiate a lease, Ordering Entity may issue a Purchase Order (“PO”) and reference the type of lease (FMV or Straight Lease) on the PO or may simply sign other transactional documents deemed acceptable to the parties in addition to the mandatory Placement Form.

  • Financing options include a Fair Market Value (FMV) Lease, $1 Buyout Lease, Straight Lease, and Short-Term Lease.

  • If a Purchasing Entity terminates a Straight Lease for convenience, the Purchasing Entity must pay, within a maximum of 60 calendar days after the requested termination, the difference of rates between the Straight Lease period which was selected at the time of order and the longest Straight Lease term which was fulfilled multiplied by the number of months the Purchasing Entity held the device.

  • The lease terms available for an FMV Lease, $1 Buyout Lease and Straight Lease are 18, 24, 36, 48, and 60 months.