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D

Depreciation
Recognition of the decreased value of a fixed assets using, in the year in question, the equivalent to the normal wear and tear of the same.

E

Early Termination
In the event of a significant technological improvement, the customer has teh option to terminate the lease schedule in advance.

Equipment
Means the assets and in general all the assets described in each of the Lease Schedules, which are leased in accordance with such lease schedule including all replacements, parts, repairs, additions, add-ons and accessories incorporated to the same, whether by the Lessor or by the Lessee.

F

Finance Lease
A contract by which a party is obligated to grant the temporary use and enjoyment over tangible assets for a mandatory term in consideration for a rentar payment.

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L

Lease Agreement ("Master Lease")
An agreement by which the two contracting parties are obligated reciprocally as follows: on the one hand, to grant the temporaty use or enjoyment of an asset (Lessor) and the other, to pay for this use or enjoyment for a price (Lessee).

Lease Assets
Computer, telecommunications and everything else related to information technology.

Office equipment, copiers and security equipment.

Transportation equipment: tractor-trailers, delivery trucks, fleets, executive automobiles and freight elevators.

Machinery and other.

Lease Schedule
Means, jointhy or individually, each document (substantially similar to the format contained under attachment "A") that the parties execute in one or more acts afters the executions date of the Master Lease containing the identification of the Equipment, as well as all characteristics of the same, provided that each Lease Schedule shall be numbered successively and shall be subject to the terms and conditions provided under the Master Lease.

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O

Operative Sale and Lease Back
The re-purchase of the asset from the customer in order to offer the customer the same asset under the lease framework, applying to the same depreciation applicable from the moment fo its original purchase to the time it was sold to CSI. It is necessary to request credit authorization for this type of operation.

P

Promissory Note
The credit instrument of a mercantile nature which includes its execution and which is subscribed in favor of CSI Leasing México.

R

Rent
Is the total amount the Lessee must pay to the Lessor for the Lease of the Equipment. This Rent is taken as a complete amount, but for convenience can be paid in Periodic Payments or in other words, various partial and consecutive payments during the periods agreed to by the parties under the terms of the corresponding Lease Schedule.

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S

Sales & Lease Back
Teh re-purchase of the asset from the customer in order to offer the customer the same asset under the lease framework, applying to the same depreciation applicable from the moment of its original purchase to the time it was sold to CSI. It is necessary to request credit authorization for this type of operation.

Smart Track
Structure by which the customer is able to receive different assets from supplier whithout the need to execute lease schedules each and every time equipment is delivered.

T

Technological Updates
The lessee has the opporunity to carry out "Technological Updates" during the lifetime of the lease and therefore always have access to cutting edge equipment and technology.

Trading
CSI may back you in the purchase of your obsolete, stored computer and telecommunications equipment, or the equipment you need to replace for updated technology. We have more than thirty years of experience and we have developed a significant domestic and international market for this types of equipment.

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U

Updating
In order to update the financial statements, it is necessary to hand in the audited and partial financial statements that are no older than three months together with their respective comparative statements.

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