Laserfiche WebLink
SAMPLE <br />MASTER LEASE -PURCHASE AGREEMENT <br />Dated as of «SystemDate» <br />This Master Lease-Purchase Agreement together with all addenda, riders and attachments <br />hereto, as the same may from time to time be amended, modified or supplemented ("Master Lease") is <br />made and entered by and between Oshkosh Capital ("Lessor") and the Lessee identified below <br />("Lessee"). <br />LESSEE: «LesseeName» <br />1. LEASE OF EQUIPMENT. Subject to the terms and conditions of this Master Lease, Lessor agrees to <br />lease to Lessee, and Lessee agrees to lease from Lessor, all Equipment described in each Schedule <br />signed from time to time by Lessee and Lessor. <br />2. CERTAIN DEFINITIONS. All terms defined in the Lease are equally applicable to both the singular <br />and plural form of such terms. (a) "Schedule" means each Lease Schedule signed and delivered by <br />Lessee and Lessor, together with all addenda, riders, attachments, certificates and exhibits thereto, as <br />the same may from time to time be amended, modified or supplemented. Lessee and Lessor agree that <br />each Schedule (except as expressly provided in said Schedule) incorporates by reference all of the terms <br />and conditions of the Master Lease. (b) "Lease" means each Schedule and this Master Lease as <br />incorporated into said Schedule. (c) "Equipment" means the property described in each Schedule, <br />together with all attachments, additions, accessions, parts, repairs, improvements, replacements and <br />substitutions thereto. (d) "Lien" means any security interest, lien, mortgage, pledge, encumbrance, <br />judgment, execution, attachment, warrant, writ, levy, other judicial process or claim of any nature <br />whatsoever by or of any person. <br />3. LEASE TERM. The term of the lease of the Equipment described in each Lease ("Lease Term") <br />commences on the first date any of such Equipment is accepted by Lessee pursuant to Section 5 hereof <br />and, unless earlier terminated as expressly provided in the Lease, continues until Lessee's payment and <br />performance in full of all of Lessee's obligations under the Lease. <br />4. RENT PAYMENTS. <br />4.1 For each Lease, Lessee agrees to pay to Lessor the rent payments in the amounts and at the <br />times as set forth in the Schedule A-1 attached to the Schedule ("Rent Payments"). A portion of each <br />Rent Payment is paid as and represents the payment of interest as set forth in the Schedule A-1. Rent <br />Payments will be payable for the Lease Term in U.S. dollars, without notice or demand at the office of <br />Lessor (or such other place as Lessor may designate from time to time in writing). <br />4.2 If Lessor receives any payment from Lessee after the due date, Lessee shall pay Lessor on <br />demand as a late charge five per cent (5%) of such overdue amount, limited, however, to the maximum <br />amount allowed by law. <br />4.3 EXCEPT AS SPECIFICALLY PROVIDED IN SECTION 6 HEREOF OR IN ANY WRITTEN <br />MODIFICATION TO THE LEASE SIGNED BY LESSOR, THE OBLIGATION TO PAY RENT PAYMENTS <br />UNDER EACH LEASE SHALL BE ABSOLUTE AND UNCONDITIONAL IN ALL EVENTS AND SHALL <br />NOT BE SUBJECT TO ANY SETOFF, DEFENSE, COUNTERCLAIM, ABATEMENT OR RECOUPMENT <br />FOR ANY REASON WHATSOEVER. <br />5. DELIVERY; ACCEPTANCE; FUNDING CONDITIONS <br />