Board Of Aldermen - Agenda - 9/22/2020 - P153
EXHIBIT B TO EQUIPMENT LEASE PURCHASE AGREEMENT
PAYMENT SCHEDULE
Principal Amount: $6,671,814
Interest Rate: 3.15%
Rental Payments will be made in accordance with Section 9 and this Payment Schedule.
EXHIBIT B TO EQUIPMENT LEASE PURCHASE AGREEMENT
PAYMENT SCHEDULE
Principal Amount: $6,671,814
Interest Rate: 3.15%
Rental Payments will be made in accordance with Section 9 and this Payment Schedule.
EXHIBIT A TO EQUIPMENT LEASE PURCHASE AGREEMENT
EQUIPMENT SCHEDULE
Equipment Description:
IN WITNESS WHEREOF, Lessor and Lessee have caused this Agreement to be executed in their corporate
names by their duly authorized officers as of the date first above written.
MUNICIPAL LEASING CONSULTANTS, LLC
By:
Name:
Title:
Address: 7 Old Town Lane, Grand Isle, VT 05458
CITY OF NASHUA, NEW HAMPSHIRE, ON BEHALF
OF NASHUA SCHOOL DISTRICT
By:
Name:
Title: Mayor
Address: 229 Main Street, Nashua, NH 03060
ACCEPTED:
NASHUA SCHOOL DISTRICT
By:
Name: Daniel Donovan
Superior Court for the Southern Judicial District of Hillsborough County or the New Hampshire 9th
Circuit Court situatedin Nashua and not elsewhere.
Purchase Price, and (ii) the net proceeds of any such sale, lease or sublease (after deducting all expenses
of Lessor in exercising its remedies under this Agreement, including without limitation, all expenses of
taking possession, storing, reconditioning and selling or leasing the Equipment and all brokerage,
auctioneers’ and attorneys’ fees) provided that the amount of Lessee’s liability under this subparagraph (b)
shall not exceed the Rental Payments and other amounts otherwise due hereunder plus the remaining
Section 34. Assignment and Subleasing by Lessee. None of Lessee’s right, title andinterestin, to and
under this Agreement and the Equipment may be assigned or encumbered by Lessee for any reason,
except that Lessee may sublease allor part of the Equipment if Lessee obtains the prior written consent of
Lessor and an opinion of nationally recognized counselin the area of tax exempt municipal obligations
satisfactory to Lessor that such subleasing will not adversely affect the exclusion of the interest
Rental Payment Date to such purchase date, computed on the basis of a 360-day year of twelve 30-day
months.
Upon the exercise of the option to purchase set forth above, title to the Equipment will be vestedin
Lessee, free and clear of any claim by or through Lessor.
Section 27. Damage, Destruction, Condemnation; Use of Proceeds. If (a) the Equipment or any
portion thereof is destroyed, in whole or in part, or is damaged by fire or other casualty, or (b) title to, or
the temporary use of, the Equipment or any part thereof or the interest of Lessee or Lessor in the
Equipment or any part thereof will be taken under the exercise of the power of eminent domain by any
governmental body or by any person, firm or corporation acting under governmental authority, Lessee and
become due; provided that, with respect to any such taxes and charges that may lawfully be paidin
installments over a period of years, Lessee will be obligated to pay only such installments that accrue
during the Lease Term.
applicable laws, regulations and rulings of any legislative, executive, administrative or judicial body;
provided, however, that Lessee may contest in good faith the validity or application of any such law,
regulation or rulingin any reasonable manner that does not, in the opinion of Lessor, adversely affect the
interest of Lessor in and to the Equipment or its interest or rights under this Agreement.