Common use of Buyout to Return Option Clause in Contracts

Buyout to Return Option. A Purchasing Entity must notify the Contractor or Authorized Dealer, in writing, at least thirty (30) days in advance, if they wish to exercise the Buyout to Return option on an FMV or Straight Lease, and return the Device to the Contractor in good working condition (ordinary wear and tear excepted).

Appears in 6 contracts

Samples: Master Lease Agreement, Master Agreement, Naspo Valuepoint Master Agreement

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Buyout to Return Option. A Purchasing Entity must notify the Contractor Awarded Vendor or Authorized Dealer, in writing, at least thirty (30) days in advance, if they wish to exercise the Buyout to Return option on an FMV FMV, Capital or Straight Lease, and return the Device Equipment to the Contractor Awarded Vendor in good working condition (ordinary wear and tear excepted).

Appears in 3 contracts

Samples: Copiers and Managed Print Services, bidcondocs.delaware.gov, bidcondocs.delaware.gov

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