CONTRACT CLOSING. 17.2.1. Lessee may request prepayment of the total payment of all its remaining debts under all any or all of the Lease Agreement and/or under any or all Payment Plans to them. In such case Lessee shall submit its written request for the total prepayment of its remaining Lease Payments under all the Payment Plans (hereinafter referred to as “Closing Request”) at least 30 (thirty) days prior to the next Maturity Date of next Lease Payment and pay to Lessor a contract closing fee at the amount of EUR 200 per Leased Asset.
17.2.2. After receipt of Closing Request the Lessor shall inform Lessee in a closing offer (hereinafter referred to as “Closing Offer”) concerning the exact amount to be paid by Lessee for the termination of the Lease Agreement. After the acceptance of Closing Offer by Lessee and within the deadline specified into the Closing Offer the Lessee shall pay to Lessor in one lump sum the amount specified into Closing Offer, which shall include at least:
a) the remaining unpaid and outstanding amount of the Lease Capital including unpaid portion of the deferred VAT and the amount of Lease Interest accrued and due until the deadline date specified into the Closing Offer, calculated at the current Lease Interest rate as of date of Closing Offer;
b) all Penalty Interests due (if any);
c) the sum of all due payments for VAT (if any);
d) all due liquidated damages under the Lease Agreement (if any);
e) all due and outstanding payment obligations of Lessee to Lessor on the basis of any another transaction at the time of the repayment;
f) any outstanding payment obligations to Lessor of a company as per Sub article (xx) of Article 17.5 of these General Terms;
g) any outstanding payment obligations of Lessee or of a company as per Sub article (xx) of Article 17.5 of these General Terms to Volvo Group Bulgaria EOOD, or VAS (24/7);
h) any other costs or expenses due or any Administrative Fees due by Lessee to Lessor, as specified in details into Closing Offer).
17.2.3. Upon payment of the lump sum specified into the Closing Offer the Lease Agreement, to the extend indicated into the Closing Offer, shall be automatically terminated in whole or partially, in respect of the prepaid Leased Assets only, as of date of prepayment and Lessor undertakes to transfer to the Lessee the title to these prepaid Lease Assets, if the respective provisions for the acquisition of the title over these Leased Assets are applicable in accordance with the Lease Agreement, or Less...
