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CA i Section 6.07. Termination by Nonapprpnriation. In the event Lessee does not appropriate sufficient funds for the payment of the Rental Payments scheduled to be paid in the next occurring Renewal Term then, Lessee may terminate this Agreement at the end of the then current Original Term or Renewal Term, and Lessee shall not be obligated to snake payment of the Rental Payments provided for in this Agreement beyond the end of the then current Original or Renewal Term. Lessee agrees to deliver notice to Lessor of such termination at least 30 days prior to the end of the then current Original or Renewal Term. Section 6.08. Late Charges. If any Rental Payment is not paid in full to Lessor within fifteen (1 S) days after the payment first became due and payable, Lessee shall immediately pay to Lessor an additional one time late charge equal to five (S%) percent of each such amount past due along with the Rental Payment. Partial payments by Lessee shall be applied First to repayment of interest on Lessor advances pursuant to Section 8.04 if any, then to the accrued interest component of past due Rental Payments and the balance to the remaining principal component of past due rental payments. Section 6.09. Prepayment. Lessee shall have the right to prepay principal components of Lease Rental Payments in whole on any date set forth in Exhibit E by paying the then applicable Purchase Price set forth in Exhibit E on such dale. Lessee shall have the right to prepay principal components of Lease Rental Payments in part on any date set forth in Exhibit E by giving Lessor written notice at least 30 days prior to such date and by paying a portion of the then applicable Purchase Price set forth in amount at least equal to 20% of the initial Purchase Price set forth in the Exhibit E. All prepayments in part shall be applied to reduce the Purchase Price to reflect the amount of the payment. Lessor shall then prepare a revised schedule of Rental Payments, based upon amortization of the adjusted Purchase Price over the remaining term. ARTICLE VII TITLE TO EQUIPMENT Section 7.01. Title to the Lcluipmem. During the term of this Agreement, title to the Equipment and any and all additions, repairs, replacements or modifications shall vest in Lessee, subject to the rights of Lessor under this Agreement. In the event of default as set forth in Section 13.02 or nonappropnaiion as set forth in Section 6.07, Lessee agrees to surrender possession of the Equipment to Lessor. lessee and Lessor intend for federal income tax purposes under the Internal Revenue Code of 1986, as amended, that this Agreement constitutes a financing lease or an installment sale contract rather than a true lease. Section 7.02. Notice riling. Lessee agrees to execute a notice filing financing statement and such additional documents in form satisfactory to Lessor to protect lessor's interest in the Equipment from claims of other creditors of Lessee during the term of this Agreement. ARTICLE VIII MAINTENANCE; MODIFICATION; TAXES; INSURANCE AND OTHER CHARGES Section 8.01. Maintenance of Equipment by Lessee. Lessee agrees iliac at all times doming the Lease. Term Lessee will, at Lessee's own cost and expense, maintain, preserve and keep the Equipment in good repair, working order and condition, and that Lessee will from time to time make or cause to be made all necessary and proper repairs, replacements and renewals. Lessor shall have no responsibility in any of these matters, or for the making of impruvements or additions to the Equipment. Section 8.02, Taxes. O her CGovernmental Charges and UtRity Charges. The panics to this Agreement. contemplate that the Equipment will be used for a governmental or proprietary purposes of Lessee and, therefore, that the equipment will be exempt from all taxes presently assessed and levied with respect to personal property. In the event that the use, possession or acquisition of the Equipment is found to be subject to taxation in any form (except for income taxes of Lessor), Lessee will pay during the Lease Term.. as the same respectively come due, all taxes and governmental charges of any kind whatsoever that may at