Lease Buyout definition

Lease Buyout means for lost, stolen, broken, and retained County Leased Computing Asset, County shall obtain a buyout agreement from either the Leased Computing Asset Supplier Vendor or Leasing/Financing Vendor which will contain identifying information for buyout device(s), such as a serial number, if applicable, and a purchase/buyout price, of which County shall pay either the Leased Computing Asset Supplier Vendor or Leasing/Financing Vendor directly.
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Lease Buyout means for lost, stolen, broken, and retained County Leased
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Lease Buyout has the meaning given in Section 5.17 of the Credit Agreement.
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Examples of Lease Buyout in a sentence

  • Should circumstances arise that do not allow you to complete the lease term, a Lease Buyout is an option for you to consider.

  • County shall maintain its proof of payment for three years after payment of Lease Buyout fee and immediately provide State with proof of payment.

  • At the end of the three-year lease cycle, the County will be responsible for paying the Leased Computing Asset Supplier or Financial Vendor the Lease Buyout fee established by the Leased Computing Asset Supplier or Financial Vendor if the County damages the Leased Computing Asset in a way that is not covered by the standard Leased Computing Asset Supplier Vendor warranty and is thus unrecoverable by the Leased Computing Asset Supplier or Financial Vendor.

  • The County will be responsible for paying the Leased Computing Asset Supplier or Financial Vendor the Lease Buyout fee established by the Leased Computing Asset Supplier or Financial Vendor if the Leased Computing Asset is stolen and determined to be unrecoverable by the end of the three year lease cycle.

  • County shall maintain its proof of payment for three years after payment of Lease Buyout fee and immediately provide State with proof of payment upon payment of the buyout fee.

  • State is not obligated to pay any portion of the Lease Buyout fee and/or Lease Penalty.

  • The County will be responsible for paying the Leased Computing Asset Supplier or Financial Vendor the Lease Buyout fee established by the Leased Computing Asset Supplier or Financial Vendor if the County loses or is unable to recover the Leased Computing Asset before the end of the three year lease cycle.

  • State will make all attempts to work with Leased Computing Assets Supplier Vendor and/or Leasing/Financing Vendor to agree on behalf of County to obligate County to the lesser of a Lease Buyout fee or Lease Penalty.

  • The County will be responsible for paying the Leased Computing Asset Supplier or Financial Vendor the Lease Buyout fee established by the Leased Computing Asset Supplier or Financial Vendor if the County damages the Leased Computing Asset in a way that is not covered by the standard Leased Computing Asset Supplier Vendor warranty.

  • At the end of the three-year lease cycle, the County will be responsible for paying the Leased Computing Asset Supplier or Financial Vendor the Lease Buyout fee established by the Leased Computing Asset Supplier or Financial Vendor if the Leased Computing Asset is stolen and determined to be unrecoverable and is thus unreturnable to the Leased Computing Asset Supplier or Financial Vendor.


More Definitions of Lease Buyout

Lease Buyout means the lease option price or, if there is no option price, the amount the lessee shall pay the lessor to ter- minate the lease and transfer title to the vehicle.
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Lease Buyout means the purchase of a motor
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Lease Buyout has the meaning set forth on Section 1.3(b).
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Related to Lease Buyout

  • Base Lease means the Base Lease Agreement delivered concurrently with this Lease between the Company and the Issuer.

  • Space Lease The space or occupancy lease pursuant to which any Borrower holds a leasehold interest in the related Mortgaged Property, together with any estoppels or other agreements executed and delivered by the lessor in favor of the lender under the related Mortgage Loan(s).

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Restricted Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.