* These terms do not apply to finance lease issued under the RA Law “On Consumer Crediting”.
** The value of the leased item includes the purchase price of the leased item, costs of import of the leased item into Armenia (transportation, including costs related to transportation, customs clearance, VAT, etc.).
*** The term of lease depends on the level of risk associated with the contract, type of property to be purchased and specifics of business. The lease rate depends also on the term of lease.
**** Whenever applied, the maximum annual rate or aggregate amount of fines and/or penalties under the Agreement shall be within the limits defined under the laws and regulations of the Republic of Armenia.
***** In case where any construction forms an integral part of technological equipment purchased via finance lease, the construction may be considered a leased item.