Common use of Equipment Agreement Clause in Contracts

Equipment Agreement. Amplex Electric, Inc. (“Amplex”) is providing to Client equipment for the purpose of receiving Internet Access. The equipment is, and will remain, property of Amplex Electric, Inc. If service is discontinued, the Client agrees to return the Equipment to Amplex's office during normal business hours, or to permit an Amplex representative to enter Client's premises to retrieve equipment. Amplex shall not be liable for nail holes, cable entry holes, etc. which are made at the time of installation and which may remain after removal of equipment. The equipment is to be returned in the same condition as when installed, normal wear and tear excepted. If, upon discontinuance of service, the Client, does not promptly return the Equipment to Amplex in working condition, the Client agrees to pay Amplex for the Equipment. Loss or theft of the equipment or damage to the equipment is the responsibility of the Client. Client agrees to pay Amplex the value of the equipment or the cost to repair. Amplex reserves the right to replace or upgrade the equipment as needed. Client acknowledges that Amplex must be granted access, at all reasonable times, to the equipment. In the event that it becomes necessary for Amplex to commence legal proceedings to recover the equipment, or collect payment thereof, Client agrees to pay Amplex's costs of recovery and collection, including reasonable attorney's fees and court costs.