Common use of HOW IT WORKS Clause in Contracts

HOW IT WORKS. 1. You freely select your equipment from the dealer or manufacturer of your choosing 2. You negotiate the price and purchase conditions (down payments, delivery terms, payment schedule, warranties, etc.) 3. BPCE Lease takes care of purchasing the equipment and any administrative formalities. You lease the equipment for a term and leasing fee set out in the contract. 4. At any time, BPCE Lease teams can answer any questions you may have about your policy: damage, early buy-out, etc. 5. At the end of the contract, you can:  Purchase your equipment at the price agreed when the contract was signed  Renew your leasing contract and continue to lease the equipment  Return your equipment Non-contractual document - May 2019  An insurance policy covering the risks of death, permanent total disability, and work stoppage(1) due to temporary incapacity.  A Financial Loss insurance contract(2) which, in the event of the vehicle’s theft or complete destruction, guarantees the repayment of the loan in addition to the cover provided by your property and casualty insurance  A Machinery Breakdown insurance contract(3), which lets you guarantee the repair of your equipment or pay off the loan.

HOW IT WORKS. 1. You freely select your equipment from the dealer or manufacturer of your choosing 2. You negotiate the price and purchase conditions (down payments, delivery terms, payment schedule, warranties, etc.) 3. BPCE Lease takes care of purchasing the equipment and any administrative formalities. You lease the equipment for a term and leasing fee set out in the contract. 4. At any time, BPCE Lease teams can answer any questions you may have about your policy: damage, early buy-out, etc. 5. At the end of the contract, you can:  Purchase your equipment at the price agreed when the contract was signed  Renew your leasing contract and continue to lease the equipment  Return your equipment Non-contractual document - May 2019  An insurance policy covering the risks of death, permanent total disability, and work stoppage(1stoppage(2) due to temporary incapacity.  A Financial Loss insurance contract(2contract(3) which, in the event of the vehicle’s theft or complete destruction, guarantees the repayment of the loan in addition to the cover provided by your property and casualty insurance  A Machinery Breakdown insurance contract(3contract(4), which lets you guarantee the repair of your equipment or pay off the loan. (1) According to the tax legislation in force and for 100% professional financing, for associations subject to corporate tax.