End of Initial Term. 4.12.1 At the end of the Initial Term, provided Client is not in default under the Lease, Client may select an end of Initial Term option for the relevant Type as indicated below, by providing the End of Term Notice. If Equipment has been subject to a Modification Client shall select the same options for each applicable Lease. 4.12.2 Provided all Payments due under the Lease have been made IGF shall pass title in Equipment to Client on the date on which all Payments are received by IGF. 4.12.3 No further Rent will be payable. End of Term Notice is not required. 4 i) Pay the Option Charge. On receipt IGF will pass title in Equipment to Client. No further Rent will be payable; or
Appears in 8 contracts
Samples: Master Financing Agreement, Master Financing Agreement, Master Financing Agreement
