Common use of CONDITIONS OF LEASE Clause in Contracts

CONDITIONS OF LEASE. a. ANERT hereby gives on lease and the CLIENT hereby takes on lease … (number of vehicles)… electric vehicles, hereinafter referred to as E-Cars/E-vehicles, on dry lease basis subject to and inconformity with the terms, conditions, covenants and stipulations contained in this agreement and the Annexures set out herein. b. The number of vehicles taken on lease by the CLIENT may be increased depending on the requirement of the CLIENT and supply by ANERT. However ANERT reserves the right to seize or take custody of the E-Cars/E-Vehicles in case of any breach to the terms and conditions in this agreement or also on default of payment of the agreed monthly lease rent for two consecutive months by the CLIENT. c. The E-cars/E-Vehicles so leased shall be registered in the name of ANERT, but with Hypothecation/Hire-Purchase noted in favour of EESL in accordance with the provisions of the Motor Vehicles Act, 1988 and the CLIENT shall have no right other than as the lessee of the said E-Car/E-vehicle. However the parties hereby agree that the ownership of the E-car/E-vehicle can be transferred to the name of the CLIENT on the expiry of the contract on payment of the residual value of the car, subject to the consent granted by EESL for the same. d. The Agreement of lease entered into between ANERT and EESL shall be treated as a part of this agreement between ANERT and the CLIENT, except to the extent any terms or conditions therein are repugnant to the terms or conditions in this agreement, in which case the terms and conditions stated herein shall be treated as final, conclusive and binding on the parties. Any liability on the CLIENT under the main agreement executed by ANERT with EESL shall be treated as binding on the CLIENT notwithstanding the fact that the CLIENT is not a party to the said agreement.

CONDITIONS OF LEASE. a. ANERT hereby gives on lease and the CLIENT hereby takes on lease … (number of vehicles)… electric vehicles, hereinafter referred to as E-Cars/E-vehicles, on dry wet lease basis subject to and inconformity with the terms, conditions, covenants and stipulations contained in this agreement and the Annexures set out herein. b. The number of vehicles taken on lease by the CLIENT may be increased depending on the requirement of the CLIENT and supply by ANERT. However ANERT reserves the right to seize or take custody of the E-Cars/E-Vehicles in case of any breach to the terms and conditions in this agreement or also on default of payment of the agreed monthly lease rent for two consecutive months by the CLIENT. c. The E-cars/E-Vehicles so leased shall be registered in the name of ANERT, but with Hypothecation/Hire-Purchase noted in favour of EESL in accordance with the provisions of the Motor Vehicles Act, 1988 and the CLIENT shall have no right other than as the lessee of the said E-Car/E-vehicle. However the parties hereby agree that the ownership of the E-car/E-vehicle can be transferred to the name of the CLIENT on the expiry of the contract on payment of the residual value of the car, subject to the consent granted by EESL for the same. d. The Agreement of lease entered into between ANERT and EESL shall be treated as a part of this agreement between ANERT and the CLIENT, except to the extent any terms or conditions therein are repugnant to the terms or conditions in this agreement, in which case the terms and conditions stated herein shall be treated as final, conclusive and binding on the parties. Any liability on the CLIENT under the main agreement executed by ANERT with EESL shall be treated as binding on the CLIENT notwithstanding the fact that the CLIENT is not a party to the said agreement.

CONDITIONS OF LEASE. a. ANERT hereby gives on lease and the CLIENT hereby takes on lease … (number of vehicles)… electric vehicles, hereinafter referred to as E-Cars/E-E- vehicles, on dry wet lease basis subject to and inconformity with the terms, conditions, covenants and stipulations contained in this agreement and the Annexures set out herein. b. The number of vehicles taken on lease by the CLIENT may be increased depending on the requirement of the CLIENT and supply by ANERT. However ANERT reserves the right to seize or take custody of the E-Cars/E-Vehicles in case of any breach to the terms and conditions in this agreement or also on default of payment of the agreed monthly lease rent for two consecutive months by the CLIENT. c. The E-cars/E-Vehicles so leased shall be registered in the name of ANERT, but with Hypothecation/Hire-Purchase noted in favour of EESL in accordance with the provisions of the Motor Vehicles Act, 1988 and the CLIENT shall have no right other than as the lessee of the said E-Car/E-vehicle. However the parties hereby agree that the ownership of the E-car/E-vehicle can be transferred to the name of the CLIENT on the expiry of the contract on payment of the residual value of the car, subject to the consent granted by EESL for the same. d. The Agreement of lease entered into between ANERT and EESL shall be treated as a part of this agreement between ANERT and the CLIENT, except to the extent any terms or conditions therein are repugnant to the terms or conditions in this agreement, in which case the terms and conditions stated herein shall be treated as final, conclusive and binding on the parties. Any liability on the CLIENT under the main agreement executed by ANERT with EESL shall be treated as binding on the CLIENT notwithstanding the fact that the CLIENT is not a party to the said agreement.

CONDITIONS OF LEASE. a. ANERT hereby gives on lease and the CLIENT hereby takes on lease … (number of vehicles)… electric vehicles, hereinafter referred to as E-E- Cars/E-vehicles, on dry wet lease basis subject to and inconformity with the terms, conditions, covenants and stipulations contained in this agreement and the Annexures set out herein. b. The number of vehicles taken on lease by the CLIENT may be increased depending on the requirement of the CLIENT and supply by ANERT. However ANERT reserves the right to seize or take custody of the E-Cars/E-E- Vehicles in case of any breach to the terms and conditions in this agreement or also on default of payment of the agreed monthly lease rent for two consecutive months by the CLIENT. c. The E-cars/E-Vehicles so leased shall be registered in the name of ANERT, but with Hypothecation/Hire-Purchase noted in favour of EESL in accordance with the provisions of the Motor Vehicles Act, 1988 and the CLIENT shall have no right other than as the lessee of the said E-Car/E-E- vehicle. However the parties hereby agree that the ownership of the E-E- car/E-vehicle can be transferred to the name of the CLIENT on the expiry of the contract on payment of the residual value of the car, subject to the consent granted by EESL for the same. d. The Agreement of lease entered into between ANERT and EESL shall be treated as a part of this agreement between ANERT and the CLIENT, except to the extent any terms or conditions therein are repugnant to the terms or conditions in this agreement, in which case the terms and conditions stated herein shall be treated as finalfnal, conclusive and binding on the parties. Any liability on the CLIENT under the main agreement executed by ANERT with EESL shall be treated as binding on the CLIENT notwithstanding the fact that the CLIENT is not a party to the said agreement.

CONDITIONS OF LEASE. a. ANERT hereby gives on lease and the CLIENT hereby takes on lease … (number of vehicles)… electric vehicles, hereinafter referred to as E-Cars/E-E- vehicles, on dry lease basis subject to and inconformity with the terms, conditions, covenants and stipulations contained in this agreement and the Annexures set out herein. b. The number of vehicles taken on lease by the CLIENT may be increased depending on the requirement of the CLIENT and supply by ANERT. However ANERT reserves the right to seize or take custody of the E-Cars/E-Vehicles in case of any breach to the terms and conditions in this agreement or also on default of payment of the agreed monthly lease rent for two consecutive months by the CLIENT. c. The E-cars/E-Vehicles so leased shall be registered in the name of ANERT, but with Hypothecation/Hire-Purchase noted in favour of EESL in accordance with the provisions of the Motor Vehicles Act, 1988 and the CLIENT shall have no right other than as the lessee of the said E-Car/E-vehicle. However the parties hereby agree that the ownership of the E-car/E-vehicle can be transferred to the name of the CLIENT on the expiry of the contract on payment of the residual value of the car, subject to the consent granted by EESL for the same. d. The Agreement of lease entered into between ANERT and EESL shall be treated as a part of this agreement between ANERT and the CLIENT, except to the extent any terms or conditions therein are repugnant to the terms or conditions in this agreement, in which case the terms and conditions stated herein shall be treated as final, conclusive and binding on the parties. Any liability on the CLIENT under the main agreement executed by ANERT with EESL shall be treated as binding on the CLIENT notwithstanding the fact that the CLIENT is not a party to the said agreement.

CONDITIONS OF LEASE. a. ANERT hereby gives on lease and the CLIENT hereby takes on lease … ……….. (number Nos of vehicles)… vehicles)……………………….(Type of E car) electric vehicles, hereinafter referred to as E-Cars/E-vehicles, on dry lease basis subject to and inconformity with the terms, conditions, covenants and stipulations contained in this agreement and the Annexures set out herein. b. . The number of vehicles taken on lease by the CLIENT may be increased depending on the requirement of the CLIENT and supply by ANERT. However ANERT reserves the right to seize or take custody of the E-Cars/E-Vehicles in case of any breach to the terms and conditions in this agreement or also on default of payment of the agreed monthly lease rent for two consecutive months by the CLIENT. c. . The E-cars/E-Vehicles so leased shall be registered in the name of ANERT, but with Hypothecation/Hire-Purchase noted in favour of EESL in accordance with the provisions of the Motor Vehicles Act, 1988 and the CLIENT shall have no right other than as the lessee of the said E-Car/E-vehicle. However the parties hereby agree that the ownership of the E-car/E-vehicle can be transferred to the name of the CLIENT on the expiry of the contract on payment of the residual value of the car, subject to the consent granted by EESL for the same. d. . The Agreement of lease entered into between ANERT and EESL shall be treated as a part of this agreement between ANERT and the CLIENT, except to the extent any terms or conditions therein are repugnant to the terms or conditions in this agreement, in which case the terms and conditions stated herein shall be treated as final, conclusive and binding on the parties. Any liability on the CLIENT under the main agreement executed by ANERT with EESL shall be treated as binding on the CLIENT notwithstanding the fact that the CLIENT is not a party to the said agreement.

CONDITIONS OF LEASE. a. ANERT hereby gives on lease and the CLIENT hereby takes on lease … (number of vehicles)… electric vehicles, hereinafter referred to as E-E- Cars/E-vehicles, on dry lease basis subject to and inconformity with the terms, conditions, covenants and stipulations contained in this agreement and the Annexures set out herein. b. The number of vehicles taken on lease by the CLIENT may be increased depending on the requirement of the CLIENT and supply by ANERT. However ANERT reserves the right to seize or take custody of the E-Cars/E-E- Vehicles in case of any breach to the terms and conditions in this agreement or also on default of payment of the agreed monthly lease rent for two consecutive months by the CLIENT. c. The E-cars/E-Vehicles so leased shall be registered in the name of ANERT, but with Hypothecation/Hire-Purchase noted in favour of EESL in accordance with the provisions of the Motor Vehicles Act, 1988 and the CLIENT shall have no right other than as the lessee of the said E-Car/E-E- vehicle. However the parties hereby agree that the ownership of the E-E- car/E-vehicle can be transferred to the name of the CLIENT on the expiry of the contract on payment of the residual value of the car, subject to the consent granted by EESL for the same. d. The Agreement of lease entered into between ANERT and EESL shall be treated as a part of this agreement between ANERT and the CLIENT, except to the extent any terms or conditions therein are repugnant to the terms or conditions in this agreement, in which case the terms and conditions stated herein shall be treated as finalfnal, conclusive and binding on the parties. Any liability on the CLIENT under the main agreement executed by ANERT with EESL shall be treated as binding on the CLIENT notwithstanding the fact that the CLIENT is not a party to the said agreement.