Specifications include, but are not limited to: The Office invites sealed bids for the tax-exempt financing, on a consolidated basis, of equipment summarily described below and in Appendix A-1 of this IFB (collectively, the “Equipment”) in the aggregate principal amount of $4,561,701.99(the “Aggregate Principal Amount”), to be amortized semi-annually. The principal must fully amortize with the last payment on July 1, 2023 for the 3-year term and on July 1, 2025 for the 5-year term. This tax-exempt equipment lease financing is expected to close on the Financing Date. Prospective bidders must certify on the Bid Form that they are unconditionally 11and irrevocably committing to provide the Lease financing on the terms described in this IFB and in their bid as provided on Appendix B, if their bid is selected, and that no additional credit committee or other approvals are needed to provide the Lease financing. The Lessee will provide insurance for the Equipment only as described inSection 16 of the Lease. Under the Lease, Lessor will provide the financial resources to acquire, directly or through a third-party lessor designated by the Lessor and approved by the Office (the “Lessor’s Designee”), the Equipment, as requested by the Agencies and approved for financing by the Office and the Department of Budget and Management (the “Department”). The Lessor will lease the Equipment to the requesting Agencies. The Lease will provide the Lessor or its subsequent assignee the right to Lease payments payable by the State under the Lease. The Lessor shall be required to finance all and not less than all the Equipment approved for financing by the Office and the Department in accordance with the terms stated in Section 3.2.1 of this IFB. Equipment acquisitions are consolidated to permit a single financing.