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LI <br />a <br />during the then current portion of the Lease Term. Rental Payments shall be payable by Lessee to the <br />Lessor or its assignee in the amounts and at the times during the Lease Term, as set forth in Exhibit E of this <br />Agreement. <br />"Vendor" means the manufacturer of the Equipment as well as the agents or dealers of the <br />manufacturer from whom Lessor purchased or is purchasing the Equipment. <br />ARTICLE III <br />LEASE OF EQUIPMENT <br />Section.&OI lessor hereby demises, leases and lets to Lessee, and Lessee rents, leases and hires train <br />Lessor, the Equipment, in accordance with the provisions of this Agreement, to have and to hold for the <br />Lease Term. <br />ARTICLE IV <br />LEASE TERM <br />Section 4.01. Commencement of Lease Terni. The Original Term of this Agreement shall commence <br />on the Commencement Bate and shall terminate on the last day of Lessee's current fiscal year. Lessee may <br />renew this Agaeement beyond the expiration of the Original T:rm, or beyond the expiration of any <br />subsequent Renewal Term, up to the number of additional fiscal years provided in Exhibit E of this <br />Agreement by appropriating sufficient funds to make scheduled Rental Payments for the ensuing fiscal year <br />(each a "Renewal Term"). Terms and conditions during any Renewal Tenn shall be the same as the terms <br />and conditions during the Original Term, except that the Rental Payments shall be as provided in Exhibit E <br />of this Agreement. <br />Section 4.42. Termination of Lease Term. The Lease Term will terminate upon the earliest of any of <br />the following events: <br />(a) The expiration of the Original Term or any Renewal Terni of this Agreement and the nonrenewal <br />ofthis Agreement in the event of nonappropriation of funds pursuant to Section 6.07, <br />(b) The exercise of Lessee of the option to purchase the Equipment before expiration of this <br />Agreement granted under the provisions of Articles IX or XI of this Agreement, or <br />(c) A default by Lessee and Lessor's election to terminate this Agreement under Article X111. <br />(d) Payment by Lessee ofall Rental Payments authorized or required to be paid by Lessee hereunder. <br />Section 4.07. Return of Equipment on Terminatio. Upon expiration or earlier termination of tine <br />Original Term or any Renewal Term under any provision of this Agreemettl at a time when Lessee does not <br />exercise its option to purchase the Equipment granted under the provisions of Articles Ey or XI of this <br />Agreement, Lessee hereby agrees to deliver the Equipment to Lessor packaged or otherwise prepared in a <br />manner suitable for shipment by truck or rail common carrier at a location specified by Lessor. All <br />expenses resulting from the return of Equipment on Termination will be borne by Lessee. <br />ARTICLE V <br />ENJOYMENT OF EQUIPMENT <br />Section 5.01 Lessor hereby covenants to provide Lessee during the Lease Term with quiet use and <br />enjoyment of the Equipment, and Lessee shall during the Lease Term peaceably and quietly have and hold <br />and enjoy the Equipment, without suit, trouble or hindrance from Lessor, except as expressly set forth in <br />this Agreement. <br />