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.
Appears in 4 contracts
Samples: Additional Terms – Agreement (Pioneer Power Solutions, Inc.), Additional Terms – Agreement (Pioneer Power Solutions, Inc.), Additional Terms – Agreement (Pioneer Power Solutions, Inc.)
