PERIODIC RENT PAYMENT definition
PERIODIC RENT PAYMENT. To be recomputed based on the Lease Schedule restructuring. SERVICE COSTS AND All Lease Schedules comprised of services will MAINTENANCE: maintain their existing terms. PREPAYMENT OPTION: Lessee may prepay all outstanding lease obligations as of 11-30-01 at 75% of the total amount due. RENTAL PAYMENTS/INTERIM Monthly Rental Payment will be in arrears, but RENT: deemed acceptance of the equipment will take place 30 days after shipment of the final piece of equipment per schedule and if Lessee has not previously notified Lessor that such Equipment fails to conform to the specifications agreed to between Lessee and Lessor or the description of the Equipment as set forth on the applicable Equipment Schedule. There is no interim rent, and commencement of rental payments will occur on the 1st of the month on or after acceptance or deemed acceptance date.
PERIODIC RENT PAYMENT. In accordance with the pricing and configuration referenced above, the rent payment for each Rental Period ("Rent") on the lease would be the total Equipment Cost multiplied by the Lease Rate Factor. Maintenance: Maintenance Factor of .08807 for twelve months of maintenance. For Maintenance equal to the term of the lease see Maintenance Section below.* Cisco Soft Cost and Software License Factor: .04671 Notwithstanding the foregoing, CSC is not responsible for maintenance, software or ancillary services relating to the equipment, nor for ensuring that any necessary maintenance or services agreements or software licenses with Cisco Systems or any other third party are in effect at any time.