the initial value definition
the initial value. The amount of PLN 731,703.96 (seven hundred thirty one thousand seven hundred three 96/100 Polish Zlotys), which is an equivalent of DEM 387.472.97 (three hundred eighty seven thousand four hundred seventy two German marks 97/100) according to exchange rate (buy) of I ING Bank Warsaw of 28/07/1997.
2.5 The estimated market value: The zloty equivalent of DEM 7,749.46 (seven thousand seven hundred forty nine German ▇▇▇▇ 46/100) calculated on the date of elapse of the basic lease [LOGO OF ING LEASE APPEARS HERE] ING LEASE POLSKA period, or on the date of expiration or termination of this Agreement as the case may be exclusive of VAT.
2.6 The lease object shall be initially located at: to be specified by Lessee.
the initial value of a house means—