25B - AGMT FOR PRINTING AND COPIERS

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b) $1 Buyout Lease i) A Purchasing Entity shall have the option to enter into an Initial Lease Term of 12, 18, 24, 36, 48 or 60 months for Group A, Group B, Group C, Group D, and Group F, at the discretion of the Participating State or Entity. In addition, a Participating State or Entity may elect to enter into 72 and 84 month terms for Group C only. ii) Upon the expiration of the Initial Lease Term, the Contractor shall provide title to the Equipment to the Purchasing Entity, or as otherwise determined in a Participating Addendum, and the Purchasing Entity shall not be subject to any additional expense in order to assume possession of the Equipment. c) Straight Lease i) A Purchasing Entity shall have the option to enter into an Initial Lease Term of 12, 18, 24, 36, 48 or 60 months for Group A, Group B, Group C, Group D, and Group F, at the discretion of the Participating State or Entity. In addition, a Participating State or Entity may elect to enter into 72 and 84 month terms for Group C only. ii) Upon the expiration of the Initial Lease Term, a Purchasing Entity may do one of the following: 1) Renew the lease on a month to month basis, or a 12-month basis, at the discretion of the Participating State or Entity; or 2) Return the Equipment to the Contractor, or have the Contractor pick the Equipment up. d) Cancellable Rental i) A Purchasing Entity shall have the option to enter into an Initial Rental Term of 12, 18, 24, 36, 48, or 60 months, at the discretion of the Participating State or Entity. In addition, a Participating State or Entity may elect to enter into 72 and 84 month terms for Group C only. ii) A Purchasing Entity shall have the option to cancel the rental at any time throughout the tens of the agreement, by providing the Contractor with a thirty (30) day prior written notice. iii) Upon the expiration of the Initial Lease Term, a Purchasing Entity may do one of the following: 1) Renew the lease on a month to month basis, or a 12-month basis, at the discretion of the Participating State or Entity; or 2) Return the Equipment to the Contractor, or have the Contractor pick the Equipment up. e) Short -Term Lease i) A Purchasing Entity shall have the option to enter into a maximum lease term of 12 months. ii) Upon the expiration of the lease term, the Purchasing Entity shall return the Equipment to the Contractor, or have the Contractor pick the Equipment up. 4.5.8. Leasing and Rental Terms and Conditions a) Possession and Return of Lease and Rental Equipment i) Purchasing Entity is responsible for risk of loss to the Products while the Products are in Purchasing Entity's possession. Purchasing Entity shall be relieved of all risks of loss or damage to the Products during periods of transportation and de -installation. Page 35 Copiers and Managed Print Services - RFP-NP-18-001, N9SPQ\WWe=gi0t Master Agreement Terms and Condi ions, CMS k 140603