SUNTRUST LEASING CORP - 2001 - Laserfiche WebLink

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e e "Vendor" means each of the manufacturers or vendors from which Lessee has ordered or with which Lessee has contracted for the manufacture, delivery and/or installation of the Equipment. Section 1.2. Exhibits. Exhibit A: Exhibit B: Exhibit C: Equipment Schedule. Payment Schedule. Disbursement Certificate. ARTICLE II. FUNDING; LEASE OF EQUIPMENT Section 2.1. Funding: Disbursement. (a) On the Funding Date, Lessor agrees to transfer the Funding Amount to Lessee for transfer no later than the close of business on the day following the Funding Date to the Proceeds Account and Lessee shall provide evidence of such transfer to Lessor. Moneys on deposit in the Proceeds Account shall be used solely for payment of the Equipment and for no other purpose. (b) At least five Business days before any withdrawal by Lessee from the Proceeds Account shall be made, Lessee shall file with Lessor a Disbursement Certificate stating: (A) the item number of such payment; (B) the name of the payee to whom each such payment is due, which may be Lessee in the case of reimbursement for costs theretofore paid by Lessee; (C) if such disbursement is for reimbursement to Lessee, evidence of prior payment; (D) the respective amounts to be paid; (E) the purpose for which each obligation to be paid was incurred; (F) that obligations in the stated amounts have been incurred by Lessee and are presently due and payable and that each item thereof is a proper charge against the Project Account and has not been previously paid therefrom; (G) that there has not been filed with or served upon Lessee notice of any lien, right to lien or attachment upon, or claim affecting the right to receive payment of, any of the amounts payable to any of the persons named in such requisition, which has not been released or will not be released simultaneously with the payment of such obligation, other than materialmen's or mechanics' liens accruing by mere operation of law; (H) that the Equipment component for which such payment relates has been received and is satisfactory to Lessee, and (1) that the balance remaining in the Proceeds Account after payment of such amounts, together with any investment income reasonably anticipated to be deposited in the Proceeds Account and any other funds reasonably anticipated to be available therefor, will be sufficient to pay the costs of the Equipment. Upon receipt of each such document, Lessor shall provide its approval of such payment by countersigning such document and transmitting it back to Lessee. Section 2.2. Lease: Possession and Use. Lessor hereby leases the Equipment to Lessee, and Lessee hereby leases the Equipment from Lessor, upon the terms and conditions set forth -3-