Lease-purchase agreement definition

Lease-purchase agreement means an agreement for the use of personal property by an individual for personal, family or household purposes, for an initial period of four months or less, that is automatically renewable with each payment after the ini- tial period, but does not obligate or require the consumer to continue leasing or using the property beyond the initial period, and that permits the consumer to become the owner of the property.

Lease-purchase agreement means any agreement between a public entity and any other person:

Lease-purchase agreement or "LP Agreement" means each lease purchase agreement entered into between an Obligor and VWFS in the form of standard business terms or otherwise pursuant to which VWFS has provided financing to an Obligor where the Final Rental Amount is substantially greater than the previous payments due under such contract but payment of such Final Rental Amount is not optional pursuant to the terms of such contract.

Examples of Lease-purchase agreement in a sentence

• Capitalized terms used herein but not otherwise defined shall have the meaning attributed to them in the Lease Purchase Agreement.

• Each of Navistar Financial in its capacity as purchaser under the Lease Purchase Agreement, NFRRC in its capacity as purchaser under the Purchase Agreement, the Issuer in its capacity as transferee under the Pooling Agreement and the Indenture Trustee in its capacity as Trustee under the Indenture shall, in such capacity, be a Secured Party under the Collateral Agency Agreement.

• No Designated Receivable was originated in, or is subject to the laws of, any jurisdiction the laws of which would make unlawful the sale, transfer and assignment of such Designated Receivable under the Lease Purchase Agreement, this Agreement or any Further Transfer and Servicing Agreements.

• The financing of Purchases pursuant to a Lease Purchase Agreement shall be without prejudice to the rights of Customer under this Agreement with respect to such Purchases, including without limitation Customer's right not to accept non-conforming Purchases.

• In the event that a Customer elects to finance Purchases in accordance with such Lease Purchase Agreement, Supplier shall issue invoices for such Purchases in accordance with Clause 2.7, except that such invoices shall be for the full amount due, and such invoices shall be deemed to be paid upon inclusion of the amounts covered thereby in an Equipment Schedule under a Lease Purchase Agreement.

More Definitions of Lease-purchase agreement

Lease-purchase agreement means an agreement for the lease and installment purchase of a technology system project, or a portion of the project, between the commissioner, on behalf of the state, and a vendor or a third-party financing source.

Lease-purchase agreement means an agreement for the use of personal property by a natural person primarily for personal, family, or household purposes, for an initial period of four months or less that is automatically renewable with each payment after the initial period, but does not obligate or require the consumer to continue leasing or using the prop- erty beyond the initial period, and that permits the consumer to become the owner of the property.

Lease-purchase agreement means an agreement under which a school administrative unit leases space for a defined period of time at the end of which the school administrative unit has an option to purchase the property for one dollar.

Lease-purchase agreement. The Lease Purchase Agreement, dated as of the Closing Date, by and between Harco Leasing and Navistar Financial.

Lease-purchase agreement means the

Lease-purchase agreement means a lease between the school district or the

Lease-purchase agreement means a lease between the school district or the department and a vendor that includes an option to purchase the technology equipment or software at the end of the lease period;