DCAP » Topics » Lease Expiration Date

These excerpts taken from the DCAP 10-K filed Apr 14, 2009.
Lease Expiration Date”).  Seller shall, at Seller’s cost and expense, pay and perform all Seller’s obligations under all Leases covering the Computers through the Lease Expiration Date.  On or about the Lease Expiration Date, Seller agrees to purchase the Computers and thereupon sell the Computers to Buyer for a purchase price of $1.  In addition, (a) at the Closing, Seller shall convey to Buyer all of its right, title and interest to its physical files relating to the Current Book of Business and the Closed Store Book of Business, which files Buyer shall remove from Seller’s premises promptly following the Closing, and (b) following the Closing, Buyer shall have the right to use, without charge, Seller’s computer servers and client management systems relating to the Current Book of Business and the Closed Store Book of Business.
 
6.22. Premium Financing.    Following the Closing and through January 31, 2018, Buyer will refer each of its customers who desire premium financing to Payments Inc. and its successors and assigns (“
Lease Expiration
Date
”).  Seller shall, at Seller’s cost and expense, pay and
perform all Seller’s obligations under all Leases covering the Computers through
the Lease Expiration Date.  On or about the Lease Expiration
Date, Seller
agrees to purchase the Computers and thereupon sell the Computers to Buyer for a
purchase price of $1.  In addition, (a) at the Closing, Seller shall
convey to Buyer all of its right, title and interest to its physical files
relating to the Current Book of Business and the Closed Store Book of Business,
which files Buyer shall remove from Seller’s premises promptly following the
Closing, and (b) following the Closing, Buyer shall have the right to use,
without charge, Seller’s computer servers and client management systems relating
to the Current Book of Business and the Closed Store Book of
Business.

 

6.22. Premium
Financing
.    Following the Closing and through January 31, 2018,
Buyer will refer each of its customers who desire premium financing to Payments
Inc. and its successors and assigns (“

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Apr 14, 2009

RELATED TOPICS for DCAP:

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