Common use of DELIVERY AND RETURN Clause in Contracts

DELIVERY AND RETURN. For purposes of this Agreement, Lessee shall be deemed to have taken “delivery” of the Property from the time the Property is set aside from Lessor’s general inventory for Xxxxxx’s use. Lessee shall be deemed to have “returned” the Property only at such time as Lessee shall have returned the Property to Lessor’s shipping department during Lessor’s regular business hours and after Lessor shall have accepted the same. “Acceptance” by Lessor shall mean that Lessor shall have unpacked the Property from its shipping container, examined it for damages and individually bar code scanned the Property into Lessor’s computerized system as “returned”. The acceptance of the returned Property is not a waiver by the Lessor of any claims Lessor may have against Xxxxxx, nor a waiver of claims for latent or after discovered damage to the Property.

DELIVERY AND RETURN. For purposes of this Agreement, Lessee shall be deemed to have taken “delivery” of the Property from the time the Property is set aside from Lessor’s general inventory for XxxxxxLessee’s use. Lessee shall be deemed to have “returned” the Property only at such time as Lessee shall have returned the Property to Lessor’s shipping department during Lessor’s regular business hours and after Lessor shall have accepted the same. “Acceptance” by Lessor shall mean that Lessor shall have unpacked the Property from its shipping container, examined it for damages and individually bar code scanned the Property into Lessor’s computerized system as “returned”. The acceptance of the returned Property is not a waiver by the Lessor of any claims Lessor may have against XxxxxxLessee, nor a waiver of claims for latent or after discovered damage to the Property.