SanDisk 2004 Annual Report Download - page 91

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Loan: Total amount of the loan principals at any time lent by the Lender to the Borrower
under the Loan Agreement.
Approved Encumbrances: The encumbrances excluded under Article 18, Paragraph 1.
Lease Term: The term commencing on the Delivery Date as stipulated in Section 2 of Attachment
1; provided, however, that in the event this Agreement is prematurely terminated,
such term shall expire on the termination date.
Lease Expiration Date: The last date of the Lease Term.
Lease Fees: The lease fees determined under Section 3 of Attachment 1 for each Tranche with
respect to each Unit Component.
Lease Fees Calculation
Period: The period stipulated in Section 5 of Attachment 1.
Lease Fees Payment Date: The date stipulated in Section 4 of Attachment 1.
2. Reference to other agreement or document in this Agreement means the reference to such agreement or document as modified,
supplemented or altered if they are modified, supplemented or altered after its execution.
3. In this Agreement, reference to articles means the reference to articles of this Agreement unless otherwise indicated.
4. In this Agreement, reference to any party of the Relating Agreements include successors or approved assignees of each of such
party.
Article 2. Structure of the Transactions
1. The Lessee and the Lessors confirm that the transactions are contemplated concerning the Property as described in Section 15 of
Attachment 1, and that they are inseparably linked to each other.
2. The Lessee confirms that the Lessors retain the ownership of the Property during the Lease Term under this Agreement.
Article 3. Lease
1. On each Delivery Date, upon receipt of the delivery of each Unit Component forming the Property from the Lessee based on the
Purchase Agreement, the Lessors shall lease such Unit Component to the Lessee, and the Lessee shall accept such lease from the
Lessors.
2. In each Individual Transaction, the lease of the Property and each Unit Component shall continue for the Lease Term and
commence from the date the each Certificate of Lease is executed pursuant to Article 4, Paragraph 6. Unless expressly stipulated
otherwise in this Agreement, the lease of the Property may not be cancelled or terminated prior to the respective Lease Expiration
Date.
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