Common use of DELIVERY AND RETURN OF EQUIPMENT Clause in Contracts

DELIVERY AND RETURN OF EQUIPMENT. 2.1 The lease period for the Equipment shall commence on the day the Equipment leaves the facility of the Lessor or its agent, unless explicitly otherwise agreed upon. 2.2 The lease period for the Equipment leased shall end at 23:59 PM on the day the Lessee returns the Equipment in accordance with Article 9 or the Equipment is repossessed by the Lessor, its employees, subsidiaries, affiliates or subcontractors. 2.3 The parties to this Agreement may agree that the Lessor shall arrange for transportation of the Equipment from the location of delivery to a location desired by the Lessee, or, in case of return of the Equipment, from any actual location of the Equipment to the place of business of the Lessor, in accordance with the previous paragraph. In any such case, the Lessor shall act as agent to the Lessee only and such transportation shall be for the sole risk and account of the Lessee, unless otherwise agreed upon.