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Financing Promotionsp5 595 to POWER6 Technology Upgrade Option |
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Highlights:
- Clients can get the p5 capacity they need right now, by leasing a qualifying IBM System p5™ 595 with a 36 months Fair Market Value lease
- After six months of payments, the client has the option to upgrade to new POWER6™ technology
- The lease will be extended by 12 months, the monthly payments will be extended by 12 months however, the amount of the monthly payments will not change provided that upon exercising the Upgrade Option two-year swap rate does not exceeding 5.5% and subject to IGF credit approval
End dates:- Clients may elect to exercise the Technology Upgrade Option after 6 timely payments have been made but no later than March 31, 2009.
Offering description:
If your clients are holding off on acquiring the IBM System p595 server they need because they're concerned they'll miss out on the next generation of IBM POWER processor technology, we have great news.
With the IBM System p5 595 to POWER6 Technology Upgrade Option, clients can lease the p5-595 server they need today, and upgrade it to the next-generation POWER6 technology after 6 monthly rent payments have been made, subject to product availability.
IBM Global Financing will extend their lease by an additional 12 months and extend their monthly payments for 12 months but the amount of payments will remain the same, so they can take full advantage of the new processor performance without changing their budget.
Eligibility requirements:
- Available to credit-qualified clients in the United States.
- Valid for companies with at least 10 employees.
Qualifying products:
- Requires a minimum hardware configuration of 4 GB of memory per processor, two disk drives per available processor, and one I/O drawer per 10 DASD drives.
Terms and conditions:
- The base machine must be acquired on a Fair Market Value (FMV) lease with a 36-month initial term.
- The Technology Upgrade Option extends the base lease by 12 months, to a total of 48 months. If the two-year swap rate exceeds 5.50% at time of upgrade the financing will be at the then current rates.
- Payments must be equal monthly, and no step structures are permitted.
- Technology Upgrade Option is for processor upgrade only. Additional features may increase monthly payments.
- This offering is subject to change or cancellation at any time without notice.
- Other restrictions may apply.
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