Interim Lease Funding Agreement

Summary

This precedent is an interim lease contract for the lease of equipment that the lessor purchases on behalf of the supplier for the lessee. This precedent contains practical guidance and drafting notes. This Interim Lease Funding Agreement is supplementary to the Master Lease Agreement (Equipment Financing), the latter which provides terms for a sophisticated and/or continuing lease relationship. An Interim Lease Funding Agreement may be signed where the Lessee does not have the funds and/or credit to purchase the Equipment from the Supplier, but the Lessor does have the resources. See also the Master Lease Schedule (Equipment Financing). For other related precedents, see Equipment Lease Agreement (Short Form) (Non-consumer), Instalment Payment Agreement (Leasing Intangible Assets) (Equipment Financing), Loan, Note and Security Agreement (Equipment Financing), Master Assignment Agreement (Equipment Financing), Referral Program and Remarketing Agreement (Equipment Financing), and ...