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equipment (and to purchase the equipment) on certain early
termination dates by paying to Andantech an amount equal to an
“early termination supplement” specified in the equipment lease for
that category of equipment plus the greater of (i) the then value
of the equipment in that category or (ii) the principal and accrued
interest on the balloon note for that category. The early
termination option was limited in a manner identical to the final
termination option; i.e., if Comdisco elected to exercise the early
termination option for any of the equipment in categories A through
D, it had to do so for all such equipment. Similarly, if Comdisco
elected to exercise the early termination option for any of the
equipment in categories E through I, it had to do so for all such
equipment.
Comdisco’s early termination option was subject to a further
restriction in that, unless the UBS bank loan (secured in part by
the rent due after the early termination date) was prepaid,
Comdisco could not exercise the early termination option without
Andantech's approval. The purchase price, termination date, early
termination date, early termination stated value, and early
termination supplement of the equipment by category were as
follows:
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