Finance Lease. Each Purchaser Asset qualifies as a finance lease under the UCC and the terms of such Purchaser Asset provides that, by the end of the lease term, the lessee may elect to purchase the related Equipment upon the exercise of a nominal purchase option.
Appears in 5 contracts
Samples: Loan Purchase and Sale Agreement (Cef Equipment Holding LLC), Loan Purchase and Sale Agreement (GE Equipment Midticket LLC, Series 2006-1), Loan Purchase and Sale Agreement (Cef Equipment Holding LLC)
Finance Lease. Each Purchaser Asset qualifies as a finance lease under the UCC and the terms of such Purchaser Asset provides that, by the end of the lease term, the lessee may elect to purchase the related Equipment upon the exercise of a nominal purchase option.. Annex A to Loan Purchase and Sale Agreement
Appears in 1 contract
Samples: Loan Purchase and Sale Agreement (Cef Equipment Holding LLC)
