ACQUISITION FUND AND ACCOUNT CONTROL AGREEMENTFund and Account Control Agreement • December 10th, 2010 • California
WHEREAS, the County and the Lessor, have entered into the Master Equipment Lease/Purchase Agreement, dated as of , 2010 (the “Lease”), pursuant to which the County (as lessor) leases and lets to the Lessor (as lessee), and Lessor rents and leases from the County, the Existing Equipment as part of that certain equipment described in each Schedule (as each such term is defined in the Lease), (the “Equipment”) leased pursuant to the Lease; and immediately thereafter, the Lessor (as sublessor) leases and lets to County (as sublessee), and County rents and leases from the Lessor, the Existing Equipment as part of the Equipment leased pursuant to the Lease; provided that once the County has acquired and leased pursuant to the terms of the Lease the Equipment in an amount at least equal to the Maximum Equipment Cost, the Existing Equipment (excluding any portion of the Existing Equipment that constitutes Equipment) shall be released from the lien and lease of the Lease upon the written consen
ACQUISITION FUND AND ACCOUNT CONTROL AGREEMENTFund and Account Control Agreement • December 3rd, 2010 • California
WHEREAS, the County and the Monterey Public Improvement Corporation (the “Corporation”), have entered into the Lease, dated as of , 2010 (the “Lease”), pursuant to which the County has leased to the Corporation certain real property and the improvements, furniture, fixtures and equipment therein or thereon (the “Property”);
