Common use of END OF LEASE PURCHASE OPTION Clause in Contracts

END OF LEASE PURCHASE OPTION. Lessee may, at lease expiration, purchase all (but not less than all) of the Equipment on any Schedule on an AS IS BASIS for cash equal to the amount indicated on such Schedule (the "OPTION PAYMENT"), plus all applicable sales taxes. The Option Payment, plus all applicable sales taxes, shall be due and payable in immediately available funds on the expiration date of such Schedule. Lessee must notify Lessor of its intent to purchase the Equipment in writing at least one hundred eighty (180) days prior to the expiration date of the Schedule. If Lessee is in default, or if the Schedule or this Agreement has already been terminated, Lessee may not purchase the Equipment.

Appears in 9 contracts

Samples: Master Lease Agreement (Virologic Inc), Sale and Leaseback Agreement (21st Century Insurance Group), Master Lease Agreement (Dyax Corp)

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END OF LEASE PURCHASE OPTION. Lessee may, at lease expiration, purchase all (but not less than all) of the Equipment on any Schedule on an AS IS BASIS for cash equal to the amount indicated on such Schedule (the "OPTION PAYMENTOption Payment"), plus all applicable sales taxes. The Option Payment, plus all applicable sales taxes, shall be due and payable in immediately available funds on the expiration date of such Schedule. Lessee must notify Lessor of its intent to purchase the Equipment in writing at least one hundred eighty (180) days prior to the expiration date of the Schedule. If Lessee is in default, or if the Schedule or this Agreement has already been terminated, Lessee may not purchase the Equipment.

Appears in 3 contracts

Samples: Master Lease Agreement (Variagenics Inc), Master Lease Agreement (Guitar Center Inc), Master Lease Agreement (Star Scientific Inc)

END OF LEASE PURCHASE OPTION. Lessee may, at lease expiration, purchase all (but not less than all) of the Equipment on any Schedule on an AS IS BASIS for cash equal to the amount indicated on such each Schedule (the "OPTION PAYMENTOption Payment"), plus all applicable sales taxes. The Option Payment, plus all applicable sales taxes, shall be due and payable in immediately available funds on the expiration date of such Schedule. Lessee must notify Lessor of its intent to purchase the Equipment in writing at least one hundred eighty (180) days prior to the expiration date of the Schedule. If Lessee is in default, or if the Schedule or this Agreement has already been terminated, Lessee may not purchase the Equipment.

Appears in 1 contract

Samples: Master Lease Agreement (Image Entertainment Inc)

END OF LEASE PURCHASE OPTION. Lessee may, at lease expiration, purchase all (but not less than all) of all)of the Equipment on any Schedule on an AS IS BASIS for cash equal to the amount indicated on such Schedule (the "OPTION PAYMENTOption Payment"), plus all applicable sales taxes. The Option Payment, plus all applicable sales taxes, taxes shall be due and payable in immediately available funds on the expiration date of such Schedule. Lessee must notify Lessor of its intent to purchase the Equipment in writing at least one hundred eighty (180) days prior to the expiration date of the Schedule. If Lessee is in default, ; or if the Schedule or this Agreement has already been terminated, Lessee may shall not purchase the Equipment.

Appears in 1 contract

Samples: Master Lease Agreement (Ortec International Inc)

END OF LEASE PURCHASE OPTION. Lessee may, at lease expiration, purchase all (but not less than all) of the Equipment on any Schedule on an AS IS BASIS for cash equal to the amount indicated on such Schedule (the "OPTION PAYMENT“Option Payment"), plus all applicable sales taxes. The Option Payment, plus all applicable sales taxes, shall be due and payable in immediately available funds on the expiration date of such Schedule. Lessee must notify Lessor of its intent to purchase the Equipment in writing at least one hundred eighty (180) days prior to the expiration date of the Schedule. If Lessee is in default, or if the Schedule or this Agreement has already been terminated, Lessee may not purchase the Equipment.

Appears in 1 contract

Samples: Master Lease Agreement (Impreso Inc)

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END OF LEASE PURCHASE OPTION. Lessee may, at lease expiration, purchase all (but not less than all) of the Equipment on any Schedule on an AS IS BASIS for cash equal to the amount indicated on such Schedule (the "OPTION PAYMENTOption Payment"), plus all applicable sales taxes. The Option Payment, plus all applicable sales taxes, . shall be due and payable in immediately available funds on the expiration date of such Schedule. Lessee must notify Lessor of its intent to purchase the Equipment in writing at least one hundred eighty (180) days prior to the expiration date of the Schedule. If Lessee is in default, or if the Schedule or this Agreement has already been terminated, Lessee lessee may not purchase the Equipment.

Appears in 1 contract

Samples: Master Lease Agreement (RMH Teleservices Inc)

END OF LEASE PURCHASE OPTION. Lessee may, at lease expiration, purchase all (but not less than all) of the Equipment on any Schedule on an AS IS BASIS for cash equal to the amount indicated on such Schedule (the "OPTION PAYMENT"“Option Payment”), plus all applicable sales taxes. The Option Payment, plus all applicable sales taxes, shall be due and payable in immediately available funds on the expiration date of such Schedule. Lessee must notify Lessor of its intent to purchase the Equipment in writing at least one hundred eighty (180) days prior to the expiration date of the Schedule. If Lessee is in default, default or if the Schedule or this Agreement has already been terminated, Lessee may not purchase the Equipment.

Appears in 1 contract

Samples: Master Lease Agreement (Coley Pharmaceutical Group, Inc.)

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