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<br /> JUN-17-98 10,32 FROM,ASSOC1ATES 10,9726523491 PAGE 10/10 <br /> ESSENTIAL USE LETTER <br /> (Sample) <br /> (Please complete on your letterhead) <br /> Associates Commercial Corporation <br /> 300 East Carpenter Freeway <br /> Irving, Texas 75062-2726 <br /> Gentlemen: <br /> Re: Equipment Lease-Purchase Proposal Number' <br /> <br /> I am furnishing the following information to facilitate the credit review process <br /> for the proposed Equipment Lease-Purchase transaction. <br /> A detailed explanation of the use and application of the equipment is as <br /> follows: <br /> <br /> The equipment is essential to the organization for the following reasons=---. <br /> <br /> This equipment replace$ prevíousequipment: No Yes <br /> If yes, tbe previous equipment was originally purchased in 19 . <br /> <br /> Other equipment being used for the same purpose consists of' <br /> <br /> <br /> The useful life of the equipment in the operation of the department is. <br /> The future plans for the equipment are' . . <br /> <br /> The pr<?gram/department has been in operation for years. <br /> <br /> The source of funds for the payments due under the EQuipment Lease-Purchase <br /> Agreement for the current fiscal year is the fund(s). <br /> <br /> The fund (s) generates its revenue from' <br /> <br /> Sincerely, <br /> Lessee: <br /> <br /> By: <br /> <br /> Title: <br /> <br /> n_.~. <br />