END OF LEASE OPTIONS. During the 90 days before your Lease ends, you may, unless you are in default: (i) enter into a new lease or an amended lease with us; (ii) purchase the Equipment “as is, where is” for its fair market value; or (iii) return the Equipment and Meter in their original condition, reasonable wear and tear excepted, and pay us our then applicable processing fee (including any equipment return fee). If you return the Equipment and Meter, you will, as specified by us, either properly pack and return them to us in the return box and with the shipping label provided by us or furnish them to a service carrier specified by us to pick up and ship them to us. If you don’t do one of the things listed in clause (i), (ii) or (iii) above, you will be deemed to have agreed to enter into successive month to month extensions of the term of this Lease. You may choose to cancel the automatic extensions at any time by giving us 30 days’ written notice by creating a case at xxxxxxxxxxx.xxx/xx/xxxxxxx-xx.xxxx (follow the instructions under “how to create a case”). Upon cancellation, you agree to either return all items as provided in this Section 13 or purchase the Equipment.
END OF LEASE OPTIONS. L6.1 During the 90 days before your Lease ends, you may, if not in default, select one of the following options:
END OF LEASE OPTIONS. During the 90 days before your Lease ends, you may, unless you are in default: (i) enter into a new lease with us; (ii) purchase the Equipment “as is, where is” for its fair market value; or (iii) return the Equipment and Meter in their original condition, reasonable wear and tear excepted, and pay us our then applicable processing fee (including any equipment return fee). If you return the Equipment and Meter, you will, as specified by us, either properly pack and return them to us in the return box and with the shipping label provided by us or furnish them to a service carrier specified by us to pick up and ship them to us. If you don’t do one of the things listed in clause (i), (ii) or (iii) above, you will be deemed to have agreed to enter into successive month to month extensions of the term of this Lease. You may choose to cancel the automatic extensions at any time by giving us 30 days’ written notice. Upon cancellation, you agree to either return all items as provided in this Section 13 or purchase the Equipment.
END OF LEASE OPTIONS. Buyer hereby irrevocably agrees to purchase the Equipment upon the expiration of the Lease at a price of $1.00 ("Purchase Price") plus any applicable taxes, late charges, filing, documentation costs and any unpaid amounts due under the Lease. In the event the Lease is terminated in accordance with its terms, Buyer hereby agrees to pay to Lessor the Purchase Price in addition to all other amounts payable to Lessor as a result of said termination. A demand for purchase of the Equipment may be made by Lessor or its successors and assigns at any time after the expiration of the Lease in which event, the effective date for purchase of the Equipment shall be the first (1st) day of the month after such demand or such other date as may be mutually agreed upon between Lessor or its successors and assigns and buyer. THE EQUIPMENT SHALL BE SOLD TO BUYER AND POSSESSION MADE AVAILABLE TO BUYER "AS-IS WHERE IS": IT BEING EXPRESSLY UNDERSTOOD THAT LESSOR AND ITS SUCCESSORS AND ASSIGNS MAKE NO REPRESENTATION OF WARRANTY EXPRESSED OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTY OF FITNESS FOR ANY PARTICULAR OR OTHER PURPOSE, MERCHANTABILITY, OR PATENT INFRINGEMENT. NOTWITHSTANDING THE FOREGOING, LESSOR OR ITS SUCCESSORS AND ASSIGNS REPRESENT AND WARRANT THAT IT OR THEY HAVE GOOD AND MERCHANTABLE TITLE TO THE EQUIPMENT AND CAN CONVEY SAME TO BUYER, FREE AND CLEAR OF ANY SUPERIOR LIEN OR INCUMBRANCE. BUYER IS LIABLE FOR ANY TAXES PAYABLE AS A RESULT OF THIS SALE OF EQUIPMENT. As a precautionary measure and not as an admission of either pam/ as to whether the Lease is a lease or security agreement and as Security for the obligations contained in said Master Lease and Lease Schedules, now existing or hereafter arising under the same, Lessee hereby presently conveys, warrants, mortgages, assigns, pledges, and grants to Lessor, its 19 successors and assigns, a first and prior security interest in said Master Lease and Lease Schedules, and to the Equipment, and all additions, upgrades, attachments, accessories, replacements, improvements, and substitutions thereto, now or hereafter acquired, together with all rents, issues, income, profits, and proceeds thereof, including insurance proceeds.
END OF LEASE OPTIONS. If you are not in default under this Agreement, your EOL options for equipment Items are: (a) renew to lease; (b) purchase the equipment Item, or (c) return the equipment Item. An EOL designation of FM indicates a lease renewal or purchase at the fair market value. A prestated % EOL designation indicates the percent of Me Total Amount Financed that is your purchase once. For a renewal with a prestated %, One-half of the purchase price due m advance is the payment for a 1 year renewal. An EOL designation of SI indicates your purchase price. For an EOL purchase at either the prestated % or $1, you will pay any applicable taxes and Unit Periodic Payments due to the dare of purchase. Upon our receipt of all amounts due, we will transfer title to you on an “As Is. Where Is” basis. 13.
END OF LEASE OPTIONS. Upon the expiration of the Term of each Schedule, Lessee shall return, or purchase, or extend or renew the Term with respect to, all (but not less than all) of the Equipment leased under all Schedules executed hereunder upon the following terms and conditions.
END OF LEASE OPTIONS. At the end of the Initial Term, Lessee has the option to: (A) purchase all, but not less than all, of the Equipment at Fair Market Value, as described in the Master Lease; (B) renew the lease of all, but not less than all, of the Equipment at a Monthly Rent based on the then Fair Market Value of the Equipment; or (C) return all, but not less than all, of the Equipment, subject to the terms and conditions as stipulated in the Master Lease.
END OF LEASE OPTIONS. (a) Provided that no Event of Default has occurred and is continuing, and at least 90 days but no more than 180 days prior to the expiration of the Primary Term (the "Expiration Date"), Lessee will give irrevocable written notice to Lessor of its intention to either:
END OF LEASE OPTIONS. If this Lease provides for a Dollar Purchase Option and you are not in default, we will release any security interest we have in the Equipment at the end of the Lease Term. If this Lease provides for a Stated Purchase Option and you are not in default, you will have the option at the end of the Lease Term to(s) return the Equipment in accordance with Section 13, (b) extend the Lease Term for a new term upon the terms and conditions set forth in this Lease, or (c) on 60 days advance written notice to us, purchase all but not less than all of the Equipment for the Purchase Option amount (and all applicable taxes). If the Purchase Option is stated as a percentage, the Purchase Option amount will be the product of such percentage multiplied by the final Equipment Cost. If the Purchase Option is stated as FMV, FMV will mean the fair market in place value of the Equipment at the end of the Lease Term, assuming good condition (except for ordinary wear and tear), as estimated by us. Upon payment of the applicable amount, we will transfer the Equipment to you “AS IS, WHERE IS” WITHOUT ANY REPRESENTATION OR WARRANTY WHATSOEVER. IF YOU FAIL TO EXERCISE THE PURCHASE OPTION, ALL OF YOUR OBLIGATIONS UNDER THIS LEASE WILL CONTINUE UNTIL THE EQUIPMENT IS RETURNED IN ACCORDANCE WITH SECTION 13.
END OF LEASE OPTIONS. (a) Upon the expiration of the Term hereunder and provided that Lessees are not then in Default under this Agreement, Lessees shall have the right to purchase all but not less than all of the Equipment upon the following terms and conditions: If Lessees desire to exercise this option, Lessees shall pay to Lessor on the last day of the Term , in addition to the scheduled Rent (if any) then due on such date and all other sums then due hereunder, the purchase price for the Equipment, determined as hereinafter provided. The purchase price of the Equipment shall be an amount equal to the Fixed Purchase Price of such Equipment (as specified on the relevant Schedules), plus all taxes and charges upon sale and all other reasonable and documented expenses incurred by Lessor in connection with such sale. Upon satisfaction of the conditions specified in this Paragraph, Lessor will transfer all of Lessor's interest in and to the Equipment to Stella and/or Mxxx, as directed by Lessees in writing, on an AS IS, WHERE IS BASIS, without recourse or warranty, express or implied, of any kind whatsoever. Lessor shall not be required to make and may specifically disclaim any representation or warranty as to the condition of such Equipment and other matters (except that Lessor shall warrant that it has conveyed whatever interest it received from Lessees in the Equipment free and clear of any lien or encumbrance created by, through or under Lessor). Lessor shall execute and deliver to Lessee such Uniform Commercial Code Statements of Termination as reasonably may be required in order to terminate any interest of Lessor in and to the Equipment so purchased, at Lessees' sole cost and expense. If the Equipment is not so purchased, it shall be returned pursuant to Paragraph (b) of this Section.
