(b) "Non-seasonal equipment hours deduction formula" shall be used on
farm equipment which contains an engine hour meter and for which hours
is the basic usage standard and means the hours of use times the full
purchase price, or lease price if applicable, divided by five thousand
hours.
(c) "Seasonal equipment hours deduction formula" shall be used on
self-propelled harvesting equipment which contains an engine hour meter
and for which hours is the basic usage standard and means the hours of
use times the full purchase price, or lease price if applicable, divided
by two thousand hours.
5. "Lessee" means any consumer who leases farm equipment pursuant to a
written lease agreement which provides that the lessee is responsible
for repairs to such farm equipment.
6. "Lease price" means the aggregate of: (a) the lessor's actual
purchase cost; (b) the freight cost, if applicable; (c) the cost for
accessories, if applicable; (d) any fee paid to another to obtain the
lease; and (e) an amount equal to five percent of the lessor's actual
purchase cost as prescribed in paragraph (a) of this subdivision.
7. "Supplier" means the manufacturer, wholesaler or distributor that
issues the warranty effective in New York state for the farm equipment
sold by the dealer.
8. "Dealer" means any person selling or agreeing to sell farm
equipment under an agreement with a manufacturer, wholesaler or
distributor.
9. "Nonconformity" means any condition of the farm machinery that
substantially impairs the value or safety of such equipment, or its use
for the purpose for which it was intended.