Common use of LEASE SCOPE AND TERM Clause in Contracts

LEASE SCOPE AND TERM. The Authorized User shall specify on Form A (Class 1-2): Mini-Bid Request if the Mini-Bid is for a Lease Vehicle, and shall include any required specifications for the Lease (e.g., Lease Term and type) and the Estimated Annual Mileage, if known. The Contractor may offer the Authorized User any Lease type offered to government entities in its usual course of business. Leases may be provided by a Lease Provider (see Section 3 Lease Provider). Rental Vehicles, and extended Vehicle warranties offered at an additional cost, are excluded from the scope of the Contract. The Authorized User may request any Lease Term that is offered by the Contractor, provided that the initial Lease Term shall be for no less than twelve (12) months, and no longer than thirty-six (36) months. If mutually agreed between the Authorized User and the Lease Provider, the initial Lease Term may be extended for an additional period of up to three (3) months. The Lease Term may also be extended by the Lease Provider to accommodate additional time required by the Authorized User to either return the Lease Vehicle, or to complete a purchase of the Lease Vehicle, at the end of the Lease Term. The Lease shall begin upon acceptance of the Lease Vehicle by the Authorized User, and shall terminate at the end of the initial Lease Term, unless an extension is requested by the Authorized User in writing at least sixty (60) days prior to the end of the Lease Term. An Authorized User’s Lease Term may continue beyond the end of the Contract term, provided that the Purchase Order for the Lease is issued prior to the expiration of the Contract.

LEASE SCOPE AND TERM. The Authorized User shall specify on Form A (Class 1-2): their Mini-Bid Request request if the Mini-Bid is for a Lease Vehicle, and shall include any required specifications for the Lease (e.g., Lease Term and type) and the Estimated Annual Mileage, if known. The Contractor may offer the Authorized User any Lease type offered to government entities in its usual course of business. Leases may be provided by a Lease Provider (see Section 3 Lease Provider). Rental Vehicles, and extended Vehicle warranties offered at an additional cost, are excluded from the scope of the Contract. The Authorized User may request any Lease Term that is offered by the Contractor, provided that the initial Lease Term shall be for no less than twelve (12) months, and no longer than thirty-six (36) months. If mutually agreed between the Authorized User and the Lease Provider, the initial Lease Term may be extended for an additional period of up to three (3) months. The Lease Term may also be extended by the Lease Provider to accommodate additional time required by the Authorized User to either return the Lease Vehicle, or to complete a purchase of the Lease Vehicle, at the end of the Lease Term. The Lease shall begin upon acceptance of the Lease Vehicle by the Authorized User, and shall terminate at the end of the initial Lease Term, unless an extension is requested by the Authorized User in writing at least sixty (60) days prior to the end of the Lease Term. An Authorized User’s Lease Term may continue beyond the end of the Contract term, provided that the Purchase Order for the Lease is issued prior to the expiration of the Contract.