Common use of Stipulated Loss Amount and Termination Amount During Renewal Term Clause in Contracts

Stipulated Loss Amount and Termination Amount During Renewal Term. All of the provisions of this Lease, other than Section 10, shall be applicable during any Renewal Term for such Units, except as specified in the next sentence. During the Renewal Term, the Stipulated Loss Amount and Termination Amount of any Unit shall be determined on the basis of the Fair Market Sales Value of such Unit as of the first day of the Renewal Term, reduced in equal monthly increments to the Fair Market Sales Value of such Unit as of the last day of the Renewal Term; provided that in no event during any Renewal Term shall the Stipulated Loss Amount and Termination Amount of any Unit be less than 20% of the Equipment Cost of such Unit.

Stipulated Loss Amount and Termination Amount During Renewal Term. All of the provisions of this Lease, other than Section 10, shall be applicable during any Renewal Term for such Units, except as specified in the next sentence. During the any Renewal Term, the Stipulated Loss Amount and Termination Amount of any Unit shall be determined on the basis of the Fair Market Sales Value of such Unit as of the first day of the such Renewal Term, reduced in equal monthly increments to the Fair Market Sales Value of such Unit as of the last day of the such Renewal Term; provided that in no event during any Fixed Rate Renewal Term shall the Stipulated Loss Amount and Termination Amount of any Unit be less than 20% of the Equipment Cost of such Unit.