Common use of Commencement of Lease - Lease Term Clause in Contracts

Commencement of Lease - Lease Term. The commencement date (the “Commencement Date”) shall be the date when You pay the Supplier or Vendor any funds for the Equipment, in reliance on my instructions to Lessor to purchase the Equipment on my behalf. I acknowledge and agree that billing will begin on the Commencement Date. The original Lease Term will commence on the Commencement Date and expire at the end of the number of months indicated on the front page.