Orange County NC Website
Browse       Search
12 <br /> 7. 0 asi Lessee is granted a <br /> an non-assignable option to <br /> Equipment listed <br /> purchase on as is and where is basis all (but not less than all) of the <br /> hereon, thereby vesting title to the Equipaemt permanently in <br /> Lessee, for a pirrthase price equal to 102% of the prhicipal balance shown on <br /> the amortization schedule(s) which will be attached hereto and made a part <br /> hereof by this reference. <br /> This cption to purchase may be exercised by lassee as of the end of any <br /> payment period during the term of this Agreement and is conditioned upon: <br /> (a) lessee's having performed all of the term and <br /> the Agreement between the parti amditions of es and all schedules of Et:lull:mei& thereto <br /> and all other agreements between the parties: <br /> (b) lessee's giving written notic:e to lessor of its election to <br /> exercise the option not :mire than sixty (60) days nor less than <br /> (30) days prior to the expiration of any fiscal year of Lessee; thirty <br /> and <br /> (c) Lessee's payment of the purchase price in cash at the time of <br /> the exercise of the option,.together with aU taxes on or measured <br /> such purchased price. by <br /> TN WPM= WHEREOF, the parties hereto have eatecuted this <br /> as of the 23rd day Stheduie A of <br /> leased/Purchased Equipment of June, 1989. <br /> IESEZE: <br /> =tam CCUNTY, ?MR CAROIMA <br /> BY: <br /> T/TIE: <br /> tESSoR: <br /> GE= FTRANCE 0:13A3RATION, a subsidiary of <br /> General Electric Capital Corporation <br /> BY: <br /> MTH: _ • <br /> -2- <br />