LEASE SCHEDULE
LEASE SCHEDULE NO. 005 Dated as of: MARCH 30, 2000
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UNDER MASTER LEASE AGREEMENT NO. 5002182 Dated as of: JANUARY 18, 1999
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This Lease Schedule between Xxxx Commercial Credit Corporation ("Lessor") and
UNIVERSAL MONEY CENTERS, INC. ("Lessor") is executed pursuant to the Master
Lease Agreement referenced above ("Master Lease"), the terms and conditions of
which are incorporated herein by reference and shall be deemed a part of this
Lease Schedule. The equipment described in Schedule A hereto ("the Equipment")
is leased pursuant to the terms and conditions of this Lease Schedule and the
Master Lease. This Lease Schedule shall be deemed a separate instrument of
lease. Capitalized terms used without definition in this Lease Schedule shall
have the meanings ascribed to them in the Master Lease.
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Equipment Location: Stated on Schedule A, attached hereto and
incorporated herein.
Stipulated Loss Value: Stated on Exhibit 1, attached hereto and
incorporated herein.
Acceptance Date: As stipulated on the Acceptance Certificate referring to this
Lease Schedule to be separately executed by Xxxxxx upon delivery and acceptance
of the Equipment and acknowledged by Lessor.
Lease Term: Commences on the Acceptance Date and continues 60
months after the Basic Rent Commencement Date.
Basic Rent Commencement Date: 15th day of the month immediately
following the Acceptance Date of the Lease Schedule.
Classification of Equipment: 5 year property.
Rent: An amount equal to the sum of:
(i) Interim Rent in an amount equal to 1/30th of the Basic Rent (defined
below) multiplied by the number of days from and including the
Acceptance Date to the Basic Rent Commencement Date, which amount
shall be payable on the Basic Rent Commencement Date and
(ii) 60 monthly rental payments each in the amount of $2,947.59 ("Rent")
plus any applicable sales/use tax and other charges under the Master
Lease and this Lease Schedule commencing on the Basic Rent
Commencement date and on the 15th day of each month thereafter ("Rent
Payment Date") for the entire Lease Term.
The parties agree that this lease is a "finance" lease as defined by Article
2A-103(g) of the Uniform Commercial Code. Lessee acknowledges that it has either
(a) received, reviewed and approved any written supply contract from the
manufacturer or supplier ("Supplier") covering the Equipment purchased from
Supplier by Lessor for lease to Lessee, or (b) been informed of the identity of
the Supplier covering the Equipment, that it may have rights under the supply
contract and that Lessee may contact Supplier for description of such rights.
This Lease Schedule will apply onto to Equipment accepted on or before APRIL 30,
2000.
Dated as of March 30, 2000 By execution hereof, the
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signer certifies that he/she
has read, accepted and duly
executed this Lease Schedule
to the Master Lease on behalf
of Xxxxxx.
LESSOR: Xxxx Commercial Credit LESSEE: UNIVERSAL MONEY CENTERS, INC.
Corporation
By:/s/ Xxxx Commercial Credit By: /s/ Xxxxx X. Xxxxxx
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Title: Title:
