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<br />ESSENTIAL USE LETTER <br />(Sample) <br /> <br />(Please complete on your lenerheadl <br /> <br />Associates Commercial Corporation <br />300 East Carpenter Freeway <br />Irving, Texas 75062.2726 <br /> <br />Gentlemen: <br /> <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 /> <br />A detl!llled explanation of the use and application of the equipment is as follows: <br /> <br />The equipment is essential to the orgl!lnlzatlon for the following reasons:....,.- <br /> <br />This equipment replaces previous equipment: No Yes <br />If yes, the previous equipment was originally purchased in 19 <br /> <br />Other equipment being used for the same purpose consists of- <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 program/department has been in operation for <br /> <br />yaars. <br /> <br />The source of funds for the payments due under the Equipment Lease-Purchase <br />Agreement for the current fiscal year is th.e fundlsl. <br /> <br />" <br />, <br /> <br />The fund Is) generates Its revenue from' <br /> <br />Sincerely, <br /> <br />Lessee' <br /> <br />By: <br /> <br />Title' <br /> <br />Date. <br /> <br />B5LTlI.FIlM <br /> <br />..-:.... <br /> <br />. .......... ~ <br />'. <br />'. <br />