Orange County NC Website
2 <br /> • <br /> 3003N This instrument has been preauditeci • <br /> in the manner required by the local. <br /> Government Fidget and Fist O:*tzol <br /> Act. <br /> Signed: <br /> Finance Director <br /> IZf.SE/PL1Rf. SB, ' <br /> TELLS Emmert IEASWWPa1A,SE AGREEMENT, dated as of awe 23, 1989 <br /> between MUM FINANCE QORFORATICti, a subsidiary of General Electric Capital <br /> Corporation ( ssar"), and ORAN3E cxXJN1'Y, maw CAROLINA, ("Lessee"). <br /> WITNES .$ $TH: <br /> WHEREAS, lessor desires to lease the Equipment (as hereinafter defined) <br /> to lessee, and Lessee desires to lease the Equip/sat true Imo', pursuant to <br /> the terms and conditions hereinafter set forth <br /> NUJ, THEREFCiRE, for and in consideration of the premises and of the <br /> covietnannts hereinafter contained, and other valuable considerations, the <br /> parties hereto agree as follows: <br /> SEJCITCIe 1. 1 tF'HITICi�tS • <br /> few purposes of this Agreement and related documents, the following <br /> defin:iticros will apply: <br /> 1.1 �.e A of rm,d,agg. The dociment(s) nod or <br /> here-after fr s time to time attached hereto and incorporated herein by <br /> reference and signed by the parties ludo, am org other things, deseribes the <br /> Equipment to be leased by lessor to lessee, describes the lease term for the <br /> Equipment listed thereon and lessee's obligations with respect to payment. <br /> 1.2 iE . 'the goods eerated an each Schedule A of Leased/ <br /> Eurtased Equipment that is now or may hereafter from time to time become <br /> attached hereto and incorp..ated herein by reference, together and with any <br /> and all a3ditians, modifications, attachments, repl is and parts thereof. <br /> 1.3 Date. Unless otherwise agreed to by the prior written <br /> cent of lessor, the Equipment installation date. <br /> • <br /> 1.4 �n of <br /> the Equipment ani�izes le so d' funds for <br /> SDCPIC@i.2. LEASE <br /> • <br /> lessor hereby resits and leases to Lessee, and Lessee hereby resits and <br /> leases free Lessor, the Equipment listed on any Schedule A of I /Purdnased <br /> Equipmennt maw or hereafter free: time to time attached hereto and inc rrporated <br /> herein by reference. <br /> SEG3'ICN 3. TEfd4 <br /> 'the lease term for each Sc ule A of L /Purchased Equiprxtt shall <br /> cacmewe an the t n. at Date set forth therein and shall terminate, <br /> ex ept as otherwise expressly provided herein, at the expiration of the prriod <br /> set forth in su hh Sd mile A of to /Purchased Equtipmernt. <br /> SECTICM.4. 12ENTAL F91 VIM'S <br /> 4.1 mgnaunt aid_Times o - . As rental for the Equipment, Uessee <br /> hereby agrees to pay Lessor the amounts specified in cacti Sd kil e A of <br /> Lease d lei Equipment at the: times and in the marnncr set forth therein. <br /> Rev. 6/88 <br />