Laserfiche WebLink
0 <br />SALES ORGANIZATION: <br />LESSEE: <br />TYPE OF EQUIPMENT: <br />EQUIPMENT COST: <br />CUSTOMER DOWNPAYMENT: <br />TRADE-IN: <br />DELIVERY TIME: <br />PAYMENT MODE: <br />FIRST PAYMENT DUE DATE: <br />LEASE COMMENCEMENT DATE <br />August 28, 2007 <br />Golden State -Ryan <br />Alameda County, CA <br />Two Pierce Quantum Tillers <br />$838,235.11 each includes tax and all discounts <br />$1,676,470.22 total <br />$0.00 <br />$0.00 <br />Standard <br />Annual In Arrears <br />1 year after lease commencement <br />At Contract Signing <br />Term Number of Payments Payment Amount <br />2 years 2 annual $896,379.08 <br />3 years 3 annual $610,890.47 <br />5 years 5 annual $381,566.65 <br />There are no documentation or closing costs associated with the completion of this financing. Price includes all discounts available <br />to Oshkosh Capital. <br />TYPE OF FINANCING: Tax-exempt Lease Purchase Agreement with a $1.00 buy out option at end of lease term. Said agreement <br />shall be a net lease arrangement whereby lessee is responsible for all costs of operation, maintenance, insurance, and taxes. <br />BANK QUALIFICATION: This proposal assumes that the lessee will not be issuing more than $10 million in tax-exempt debt this <br />calendar year. Furthermore, it is assumed that the lessee will designate this issue as a qualified tax-exempt obligation per the tax act <br />of 1986. <br />LEGAL TITLE: Legal title to the equipment during the lease term shall vest in the lessee, with Oshkosh Capital perfecting a first <br />security interest <br />AUTHORIZED SIGNORS: The lessee's governing board shall provide Oshkosh Capital with its resolution or ordinance authorizing this <br />agreement and shall designate the individual(s) to execute all necessary documents used therein. <br />LEGAL OPINION: The lessee's counsel shall furnish Oshkosh Capital with an opinion Covering this transaction and the documents <br />used herein. This opinion shall be in a form and substance satisfactory to Oshkosh Capital. <br />VOLUNTEER FIRE DEPARTMENTS: If Lessee is a Volunteer Fire Department, a public hearing under the requirements of Section <br />147(f) of the Internal Revenue Code of 1986 shall be conducted to authorize this transaction. It is recommended that a notice of the <br />public hearing be published 10 to 14 days in advance of the public hearing. <br />This proposal will be valid for thirty (30) days from the above date and is subject to final credit approval by Oshkosh Capital <br />and approval of the lease documents in Oshkosh Capital's sole discretion. To render a credit decision, lessee shall provide <br />Oshkosh Capital with their most recent two years' audited financial statements, copy of their most recent Interim financial <br />statement, and current budget. <br />Accepted by: <br />Lessee <br />Proposal submitted by: <br />Date Bob vanDernoot <br />Oshkosh Capital <br />a~ E~ S H K CI 5 i-i <br />CAPITAL." <br />