LEASE PURCHASE. Lease of the Premises or Lease means any agreement between a landlord and the Tenant to create a tenancy or 39 leasehold interest in the Premises.
LEASE PURCHASE. In case of lease purchase, the funding agency shall assume the rights and obligations hereunder as Buyer, and shall guarantee the rights and obligations of the end-user.
LEASE PURCHASE. If the Buyer is purchasing the Goods in order to lease them to a third party, the Buyer shall ensure that such third party complies with all relevant obligations of the Buyer under the Contract (including without limtiation in relation to the use, storage and maintenance of the Goods) and shall be directly liable to bioMérieux for any failure of such third party to comply with such terms.
LEASE PURCHASE. (1) HTF funds may be used to assist homebuyers through lease-purchase programs for existing housing and for housing to be con- structed. The housing must be pur- chased by an eligible homebuyer within 36 months of signing the lease-purchase agreement. The homebuyer must qual- ify as an income-eligible family at the time the lease-purchase agreement is signed.
(2) If HTF funds are used to acquire housing that will be resold to a home- buyer through a lease-purchase pro- gram, the HTF affordability require- ments for rental housing in § 93.302 shall apply if the housing is not trans- ferred to an eligible homebuyer within 42 months after project completion.
LEASE PURCHASE. The first year after move-in a lease/purchase agreement may be in force. The payments made on the lease/purchase will be applied to reduce the mortgage principle.
LEASE PURCHASE a. Total Purchase Price - Principle of $3,337,500: Xxxxxx agrees to pay Xxxxxx, and Xxxxxx agrees to sell the above described real property to Lessee, a total purchase price of $3,370,500 principal with accrued interest at the rate of 4.75%. This Total Purchase Price is inclusive of Short Term and Long Term obligations set forth herein in Sections 2.c and 2.x.
x. Xxxxxx and Xxxxxx hereby agree that the Office Space Lease originally executed by and between Lessee and its representatives and First Interstate Bank on October 1, 2015, which transferred to Landlord by purchase of the Building on , 2018, and all terms and conditions contained therein are hereby terminated by the Parties to this Lease Purchase Agreement as of the Effective Date of this Agreement.
i. The Lessor and Lessee expressly agree that Lessor has an Office Space Lease with Tenant, First Interstate Bank, for specified portions of the real property until January 30, 2019, subject to First Interstate Bank’s option to extend the Lease for two (2) separate, one (1) month extensions. Sixty (60) days prior notice to Lessor to exercise extension option is required. Terms of Office Space Lease are set forth in the Lease between Lessor and First Interstate Bank set forth in “Appendix C” and incorporated herein by this reference.
ii. First Interstate Bank’s rent during the term of their lease is all costs of gas, water, electricity, landscape maintenance, and snow removal. These costs shall not be the responsibility of Lessee during the term of First Interstate Bank’s occupancy and lease. Regardless of any obligation set forth herein, Lessee shall not be responsible for any costs, terms, or responsibilities of First Interstate Bank as set forth in Appendix C.
c. Short Term - $667,500_Principal: Xxxxxx agrees to pay Lessor as semi-annual installments the sum of $30,038 per year, with each semi-annual installment being paid in the amount of $15,019 on or before July 1st and January 1st of each year. The first installment is due on or before July 1, 2018. Lessee may pay the remaining principal of the $667,500 and the 4.75% accrued interest to date at any time without penalty.
d. Long Term $2,670,000 Principal: Xxxxxx agrees to pay Lessor in semi-annual installments the sum of $203,868 per year, with each semi-annual installment being paid in the amount of $101,934 on or before July 1st and January 1st of each year. The first installment is due on or before July 1, 2018. Lessee may pay the remaining princ...
LEASE PURCHASE. If the parties and/or Commission enter into a lease-purchase Agreement for the Central Headquarters, the Municipalities shall be named as and deemed to be equal co-tenants. Payments under the lease- purchase Agreement shall constitute "building costs" as that term is used and defined in Articles V and VI. Each Municipality shall pay and be responsible for one third (1/3) of all payments under the Agreement. If the parties acquire title to the property pursuant to the terms of the lease-purchase Agreement, then the joint ownership provisions of this Agreement shall apply. Any option that may be exercised prior to the end of the term of the lease purchase Agreement shall be exercised only by the unanimous Agreement of the Municipalities. On withdrawal, the withdrawing Municipality's payment obligations will become the obligation and responsibility of the remaining Municipalities. The withdrawing Municipality shall cease to have any interest in the lease purchase Agreement and real estate and shall not be entitled to reimbursement of any monies paid under the lease-purchase Agreement prior to withdrawal.
LEASE PURCHASE. The Commission and the Department shall not enter into a lease purchase Agreement without the unanimous consent of all of the Municipalities. If such an Agreement is entered into, the Commission and the Department will address the interest of any withdrawing Municipality at that time.
LEASE PURCHASE. Golf Course Mowers and Utility Vehicles THERE WILL BE NO PREBID MEETING.
LEASE PURCHASE. Lease Purchase is essentially Hire Purchase with a balloon payment at the end of the contract. Lease Purchase offers lower monthly payments than normal hire purchase. Instead, at the end of the agreement, you can make a final lump sum payment (or 'balloon') to own your car.
