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BANC OF AMERICA LEASING & CAPITAL LLC - EQUIP LEASE AGMT 2005
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BANC OF AMERICA LEASING & CAPITAL LLC - EQUIP LEASE AGMT 2005
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6/27/2014 12:05:04 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
4/21/2005
LONG TERM AGREEMENTS - NAME
BANC OF AMERICA LEASING & CAPITAL LLC
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
LONG TERM AGREEMENTS - NOTES
CALLIPPE
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Equipment Lease are true and correct as though made on the date of commencement of Rental <br /> Payments on this Schedule. Lessee further represents and warrants that(a) no material adverse <br /> change in Lessee's financial condition has occurred since the date of the Master Equipment <br /> Lease; and(b)the governing body of Lessee has authorized the execution and delivery of this <br /> Agreement and the Leases pursuant to City Council Agenda Report, approved on December 7, <br /> 2010. <br /> 5. The Lease. The terms and provisions of the Master Equipment Lease (other than <br /> to the extent that they relate solely to other Schedules or Equipment listed on other Schedules) <br /> are hereby incorporated into this Schedule by reference and made a part hereof. <br /> 6. Acquisition Amount. The Acquisition Amount for the Equipment described in this <br /> Schedule to be paid to the Vendor is $350,144.14. <br /> 7. Lease Term. The Lease Term shall consist of the Original Term and 5 <br /> consecutive Renewal Terns,with the final Renewal Term ending on January 24, 2016. <br /> 8. Purchase Option Commencement Date. For purposes of Section 10.01 of the <br /> Lease, the Purchase Option Commencement Date is any rental payment date. <br /> 9. Pre-Payment Premium. After the first 30 months of the Lease, Lessee may have <br /> the right to prepay the lease on any rental payment date for a premium of I%of the then <br /> outstanding balance. <br /> 10. Miscellaneous. Lessor and Lessee hereby agree that with respect to this Schedule <br /> of Property No. 002 only: <br /> (A) Section 2.01(0 of the Agreement is hereby amended by deleting the text in Section <br /> 2.01(0 in its entirety and replacing such text with the following: <br /> (0 During the Lease Term,the Equipment will be used by Lessee(or a contractor <br /> designated by Lessee)only for the purpose of performing essential governmental or proprietary <br /> functions of Lessee consistent with the permissible scope of Lessee's authority. Lessee does not <br /> intend to sell or otherwise dispose of the Equipment or any interest therein prior to the last <br /> Rental Payment(including all Renewal Terms) scheduled to be paid under each Lease. <br /> and <br /> (B) Section 2.01(i)of the Agreement is hereby amended by deleting the text in Section <br /> 2.0I(i) in its entirety and replacing such text with the following: <br /> (i) The payment of the Rental Payments or any portion thereof is not(under the <br /> terms of any Lease or any underlying arrangement)directly or indirectly(x)secured by any <br /> interest in property used or to be used in any activity carried on by any person other than a state <br /> or local governmental unit(or on behalf of a state or local governmental unit) or payments in <br /> respect of such property; or(y) on a present value basis, derived from payments(whether or not <br /> #219845v12(Gov't Entity Master Lease) B-1-2 <br />
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