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Today’s Presenter - Barry Marks TIPS FOR EQUIPMENT FINANCE: Part 1 of 3 Copyright © 2009 Commitment Management, Inc. All Rights Reserved AVOID “DEEMED ACCEPTANCE” (Bad) Variations: Date certified as installed by Vendor, Date of delivery, Date Lessee signs delivery receipt. TIPS FOR EQUIPMENT FINANCE
Citation preview
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
TEN TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoDEEMED ACCEPTANCErdquo
ldquoThe term of the Lease shall commence on the earlier (i) the date Lessee signs a Certificate of Acceptance or (ii) five (5)
days after delivery of the Equipment to Lesseerdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoDEEMED ACCEPTANCErdquo
(Bad) Variations Date certified as installed by Vendor
Date of delivery
Date Lessee signs delivery receipt
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoDEEMED ACCEPTANCErdquo
Compromise ldquoThe term of the Lease shall commence on the date Lessee signs a Certificate of Acceptance provided
however that if Lessee fails or refuses to sign the Certificate of Acceptance within ten (10) business days after delivery of the
Equipment the Lease shall be cancelled and Lessor shall reassign all of its rights to purchase the Equipment to Lessee
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoINTERIM RENTrdquo
ldquoDuring the period from the date of acceptance of the Equipment to the first rent payment date Lessee shall pay
interim rent equal to 130th of a rental paymentrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoINTERIM RENTrdquo
Alternatives ldquoThe term of the Lease shall be reduced by the number of days of the interim periodrdquo
ldquoDuring the period from the acceptance of the Equipment to the first rent payment date Lessee shall pay [interest] per dayrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE AUTOMATIC RENEWAL TRAP
ldquoAt the end of the Lease term Lessee shall notify Lessor if Lessee desires to return the Equipment Unless such notice is received not less than 180 nor more than 210 days prior to the end of the Lease term the Lease shall automatically renew of
one yearrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE AUTOMATIC RENEWAL TRAP
Alternative ldquoLessor shall notify Lessee not less than____ nor more than ____ days prior to the end of the term of the date of the end of the term and Lesseersquos options and obligations with
respect to the Equipment
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
ldquoAt the end of the term of each Lease (Schedule) Lessee shall return all Equipment leased under such Lease in the condition
required hereunderrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
Alternatives
Substitution rights
Right to purchase on item-by-item basis
End-of-term casualty at fair market value
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
Barry S MarksBarry S MarksMarks amp Weinberg PCMarks amp Weinberg PC
525 Park Place Tower 2001 Park Place NorthBirmingham AL 35203
Direct (205) 251-8303 Fax (205) 251-8305Email Barryleaselawyercom
wwwleaselawyercom
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoDEEMED ACCEPTANCErdquo
ldquoThe term of the Lease shall commence on the earlier (i) the date Lessee signs a Certificate of Acceptance or (ii) five (5)
days after delivery of the Equipment to Lesseerdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoDEEMED ACCEPTANCErdquo
(Bad) Variations Date certified as installed by Vendor
Date of delivery
Date Lessee signs delivery receipt
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoDEEMED ACCEPTANCErdquo
Compromise ldquoThe term of the Lease shall commence on the date Lessee signs a Certificate of Acceptance provided
however that if Lessee fails or refuses to sign the Certificate of Acceptance within ten (10) business days after delivery of the
Equipment the Lease shall be cancelled and Lessor shall reassign all of its rights to purchase the Equipment to Lessee
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoINTERIM RENTrdquo
ldquoDuring the period from the date of acceptance of the Equipment to the first rent payment date Lessee shall pay
interim rent equal to 130th of a rental paymentrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoINTERIM RENTrdquo
Alternatives ldquoThe term of the Lease shall be reduced by the number of days of the interim periodrdquo
ldquoDuring the period from the acceptance of the Equipment to the first rent payment date Lessee shall pay [interest] per dayrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE AUTOMATIC RENEWAL TRAP
ldquoAt the end of the Lease term Lessee shall notify Lessor if Lessee desires to return the Equipment Unless such notice is received not less than 180 nor more than 210 days prior to the end of the Lease term the Lease shall automatically renew of
one yearrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE AUTOMATIC RENEWAL TRAP
Alternative ldquoLessor shall notify Lessee not less than____ nor more than ____ days prior to the end of the term of the date of the end of the term and Lesseersquos options and obligations with
respect to the Equipment
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
ldquoAt the end of the term of each Lease (Schedule) Lessee shall return all Equipment leased under such Lease in the condition
required hereunderrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
Alternatives
Substitution rights
Right to purchase on item-by-item basis
End-of-term casualty at fair market value
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
Barry S MarksBarry S MarksMarks amp Weinberg PCMarks amp Weinberg PC
525 Park Place Tower 2001 Park Place NorthBirmingham AL 35203
Direct (205) 251-8303 Fax (205) 251-8305Email Barryleaselawyercom
wwwleaselawyercom
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoDEEMED ACCEPTANCErdquo
(Bad) Variations Date certified as installed by Vendor
Date of delivery
Date Lessee signs delivery receipt
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoDEEMED ACCEPTANCErdquo
Compromise ldquoThe term of the Lease shall commence on the date Lessee signs a Certificate of Acceptance provided
however that if Lessee fails or refuses to sign the Certificate of Acceptance within ten (10) business days after delivery of the
Equipment the Lease shall be cancelled and Lessor shall reassign all of its rights to purchase the Equipment to Lessee
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoINTERIM RENTrdquo
ldquoDuring the period from the date of acceptance of the Equipment to the first rent payment date Lessee shall pay
interim rent equal to 130th of a rental paymentrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoINTERIM RENTrdquo
Alternatives ldquoThe term of the Lease shall be reduced by the number of days of the interim periodrdquo
ldquoDuring the period from the acceptance of the Equipment to the first rent payment date Lessee shall pay [interest] per dayrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE AUTOMATIC RENEWAL TRAP
ldquoAt the end of the Lease term Lessee shall notify Lessor if Lessee desires to return the Equipment Unless such notice is received not less than 180 nor more than 210 days prior to the end of the Lease term the Lease shall automatically renew of
one yearrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE AUTOMATIC RENEWAL TRAP
Alternative ldquoLessor shall notify Lessee not less than____ nor more than ____ days prior to the end of the term of the date of the end of the term and Lesseersquos options and obligations with
respect to the Equipment
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
ldquoAt the end of the term of each Lease (Schedule) Lessee shall return all Equipment leased under such Lease in the condition
required hereunderrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
Alternatives
Substitution rights
Right to purchase on item-by-item basis
End-of-term casualty at fair market value
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
Barry S MarksBarry S MarksMarks amp Weinberg PCMarks amp Weinberg PC
525 Park Place Tower 2001 Park Place NorthBirmingham AL 35203
Direct (205) 251-8303 Fax (205) 251-8305Email Barryleaselawyercom
wwwleaselawyercom
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoDEEMED ACCEPTANCErdquo
Compromise ldquoThe term of the Lease shall commence on the date Lessee signs a Certificate of Acceptance provided
however that if Lessee fails or refuses to sign the Certificate of Acceptance within ten (10) business days after delivery of the
Equipment the Lease shall be cancelled and Lessor shall reassign all of its rights to purchase the Equipment to Lessee
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoINTERIM RENTrdquo
ldquoDuring the period from the date of acceptance of the Equipment to the first rent payment date Lessee shall pay
interim rent equal to 130th of a rental paymentrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoINTERIM RENTrdquo
Alternatives ldquoThe term of the Lease shall be reduced by the number of days of the interim periodrdquo
ldquoDuring the period from the acceptance of the Equipment to the first rent payment date Lessee shall pay [interest] per dayrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE AUTOMATIC RENEWAL TRAP
ldquoAt the end of the Lease term Lessee shall notify Lessor if Lessee desires to return the Equipment Unless such notice is received not less than 180 nor more than 210 days prior to the end of the Lease term the Lease shall automatically renew of
one yearrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE AUTOMATIC RENEWAL TRAP
Alternative ldquoLessor shall notify Lessee not less than____ nor more than ____ days prior to the end of the term of the date of the end of the term and Lesseersquos options and obligations with
respect to the Equipment
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
ldquoAt the end of the term of each Lease (Schedule) Lessee shall return all Equipment leased under such Lease in the condition
required hereunderrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
Alternatives
Substitution rights
Right to purchase on item-by-item basis
End-of-term casualty at fair market value
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
Barry S MarksBarry S MarksMarks amp Weinberg PCMarks amp Weinberg PC
525 Park Place Tower 2001 Park Place NorthBirmingham AL 35203
Direct (205) 251-8303 Fax (205) 251-8305Email Barryleaselawyercom
wwwleaselawyercom
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoINTERIM RENTrdquo
ldquoDuring the period from the date of acceptance of the Equipment to the first rent payment date Lessee shall pay
interim rent equal to 130th of a rental paymentrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoINTERIM RENTrdquo
Alternatives ldquoThe term of the Lease shall be reduced by the number of days of the interim periodrdquo
ldquoDuring the period from the acceptance of the Equipment to the first rent payment date Lessee shall pay [interest] per dayrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE AUTOMATIC RENEWAL TRAP
ldquoAt the end of the Lease term Lessee shall notify Lessor if Lessee desires to return the Equipment Unless such notice is received not less than 180 nor more than 210 days prior to the end of the Lease term the Lease shall automatically renew of
one yearrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE AUTOMATIC RENEWAL TRAP
Alternative ldquoLessor shall notify Lessee not less than____ nor more than ____ days prior to the end of the term of the date of the end of the term and Lesseersquos options and obligations with
respect to the Equipment
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
ldquoAt the end of the term of each Lease (Schedule) Lessee shall return all Equipment leased under such Lease in the condition
required hereunderrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
Alternatives
Substitution rights
Right to purchase on item-by-item basis
End-of-term casualty at fair market value
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
Barry S MarksBarry S MarksMarks amp Weinberg PCMarks amp Weinberg PC
525 Park Place Tower 2001 Park Place NorthBirmingham AL 35203
Direct (205) 251-8303 Fax (205) 251-8305Email Barryleaselawyercom
wwwleaselawyercom
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID ldquoINTERIM RENTrdquo
Alternatives ldquoThe term of the Lease shall be reduced by the number of days of the interim periodrdquo
ldquoDuring the period from the acceptance of the Equipment to the first rent payment date Lessee shall pay [interest] per dayrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE AUTOMATIC RENEWAL TRAP
ldquoAt the end of the Lease term Lessee shall notify Lessor if Lessee desires to return the Equipment Unless such notice is received not less than 180 nor more than 210 days prior to the end of the Lease term the Lease shall automatically renew of
one yearrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE AUTOMATIC RENEWAL TRAP
Alternative ldquoLessor shall notify Lessee not less than____ nor more than ____ days prior to the end of the term of the date of the end of the term and Lesseersquos options and obligations with
respect to the Equipment
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
ldquoAt the end of the term of each Lease (Schedule) Lessee shall return all Equipment leased under such Lease in the condition
required hereunderrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
Alternatives
Substitution rights
Right to purchase on item-by-item basis
End-of-term casualty at fair market value
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
Barry S MarksBarry S MarksMarks amp Weinberg PCMarks amp Weinberg PC
525 Park Place Tower 2001 Park Place NorthBirmingham AL 35203
Direct (205) 251-8303 Fax (205) 251-8305Email Barryleaselawyercom
wwwleaselawyercom
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE AUTOMATIC RENEWAL TRAP
ldquoAt the end of the Lease term Lessee shall notify Lessor if Lessee desires to return the Equipment Unless such notice is received not less than 180 nor more than 210 days prior to the end of the Lease term the Lease shall automatically renew of
one yearrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE AUTOMATIC RENEWAL TRAP
Alternative ldquoLessor shall notify Lessee not less than____ nor more than ____ days prior to the end of the term of the date of the end of the term and Lesseersquos options and obligations with
respect to the Equipment
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
ldquoAt the end of the term of each Lease (Schedule) Lessee shall return all Equipment leased under such Lease in the condition
required hereunderrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
Alternatives
Substitution rights
Right to purchase on item-by-item basis
End-of-term casualty at fair market value
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
Barry S MarksBarry S MarksMarks amp Weinberg PCMarks amp Weinberg PC
525 Park Place Tower 2001 Park Place NorthBirmingham AL 35203
Direct (205) 251-8303 Fax (205) 251-8305Email Barryleaselawyercom
wwwleaselawyercom
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE AUTOMATIC RENEWAL TRAP
Alternative ldquoLessor shall notify Lessee not less than____ nor more than ____ days prior to the end of the term of the date of the end of the term and Lesseersquos options and obligations with
respect to the Equipment
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
ldquoAt the end of the term of each Lease (Schedule) Lessee shall return all Equipment leased under such Lease in the condition
required hereunderrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
Alternatives
Substitution rights
Right to purchase on item-by-item basis
End-of-term casualty at fair market value
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
Barry S MarksBarry S MarksMarks amp Weinberg PCMarks amp Weinberg PC
525 Park Place Tower 2001 Park Place NorthBirmingham AL 35203
Direct (205) 251-8303 Fax (205) 251-8305Email Barryleaselawyercom
wwwleaselawyercom
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
ldquoAt the end of the term of each Lease (Schedule) Lessee shall return all Equipment leased under such Lease in the condition
required hereunderrdquo
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
Alternatives
Substitution rights
Right to purchase on item-by-item basis
End-of-term casualty at fair market value
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
Barry S MarksBarry S MarksMarks amp Weinberg PCMarks amp Weinberg PC
525 Park Place Tower 2001 Park Place NorthBirmingham AL 35203
Direct (205) 251-8303 Fax (205) 251-8305Email Barryleaselawyercom
wwwleaselawyercom
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
AVOID THE ldquoPERFECT RETURNrdquo DISASTER
Alternatives
Substitution rights
Right to purchase on item-by-item basis
End-of-term casualty at fair market value
TIPS FOR EQUIPMENT FINANCE
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
Barry S MarksBarry S MarksMarks amp Weinberg PCMarks amp Weinberg PC
525 Park Place Tower 2001 Park Place NorthBirmingham AL 35203
Direct (205) 251-8303 Fax (205) 251-8305Email Barryleaselawyercom
wwwleaselawyercom
Todayrsquos Presenter - Barry Marks
TIPS FOR EQUIPMENT FINANCE Part 1 of 3
Copyright copy 2009 Commitment Management Inc All Rights Reserved
Barry S MarksBarry S MarksMarks amp Weinberg PCMarks amp Weinberg PC
525 Park Place Tower 2001 Park Place NorthBirmingham AL 35203
Direct (205) 251-8303 Fax (205) 251-8305Email Barryleaselawyercom
wwwleaselawyercom
