Common use of Equipment Return Clause in Contracts

Equipment Return. Any equipment provided by JXX and placed at the Client’s site during the term of this Agreement must be returned at termination of this Agreement at the expense of Client. Client will pay to JXX an amount equal to the fair market value of any equipment not returned to JXX within thirty (30) days after termination. Equipment may include, but is not limited to: ATM modems, JHA’s workstations and other telecommunications equipment. If Client changes the Processing Services provided to Client under this Agreement and said change results in Equipment, communications systems and lines which will no longer be needed, the Client shall bear all fees associated with said items including but not limited to buyouts of the contracts and leases and termination fees associated therewith as applicable.

Equipment Return. Any equipment provided by JXX and placed at the Client’s site during the term of this Agreement Addendum must be returned at termination of this Agreement Addendum at the expense of Client. Client will pay to JXX an amount equal to the fair market value of any equipment not returned to JXX within thirty (30) days after termination. Equipment may include, but is not limited to: ATM modems, JHA’s workstations and other telecommunications equipment. If Client changes the Processing Services provided to Client under this Agreement Addendum and said change results in Equipment, communications systems and lines which will no longer be needed, the Client shall bear all fees associated with said items including but not limited to buyouts of the contracts and leases and termination fees associated therewith as applicable.