Common use of Equipment Security Clause in Contracts

Equipment Security. (a) As a condition to leasing the Rented Property, Lessee may be required to provide Lessor with a security deposit for the full replacement value of the Rented Property. A security deposit may, at Xxxxxx’s discretion, be given in the form of an authorization to charge Xxxxxx’s credit or debit card for the amount of the security deposit in the event the Rented Property is not returned, returned late or in disrepair. (b) In the event the Rented Property is not returned in good, safe, and serviceable condition, Lessor will be entitled to keep Xxxxxx’s security deposit and apply said deposit towards any fees imposed upon cancellation, late return fees, the cost of any repairs needed to the Rented Property and the replacement of the Rented Property if it is a total loss. (c) Xxxxxx’s recourse to Xxxxxx’s security deposit is not Lessor’s exclusive remedy for Xxxxxx’s breach of this Agreement and, therefore, even if Lessor keeps Lessee’s Security Deposit, Lessor shall remain entitled to pursue available legal or equitable remedy for any damages it suffers as a result of Xxxxxx’s breach of any provision of this Agreement. (d) Lessee may be required to provide proof of insurance covering the Rented Property naming Lessor as an additional insured and such policy shall be issued by a company licensed or authorized to do business in the State of California.

Equipment Security. (a) As a condition to leasing the Rented Property, Lessee may be required to provide Lessor with a security deposit for the full replacement value of the Rented Property. A security deposit may, at XxxxxxLessor’s discretion, be given in the form of an authorization to charge XxxxxxLessee’s credit or debit card for the amount of the security deposit in the event the Rented Property is not returned, returned late or in disrepair. (b) In the event the Rented Property is not returned in good, safe, and serviceable condition, Lessor will be entitled to keep XxxxxxLessee’s security deposit and apply said deposit towards any fees imposed upon cancellation, late return fees, the cost of any repairs needed to the Rented Property and the replacement of the Rented Property if it is a total loss. (c) XxxxxxLessor’s recourse to XxxxxxLessee’s security deposit is not Lessor’s exclusive remedy for XxxxxxLessee’s breach of this Agreement and, therefore, even if Lessor keeps Lessee’s Security Deposit, Lessor shall remain entitled to pursue available legal or equitable remedy for any damages it suffers as a result of XxxxxxLessee’s breach of any provision of this Agreement. (d) Lessee may be required to provide proof of insurance covering the Rented Property naming Lessor as an additional insured and such policy shall be issued by a company licensed or authorized to do business in the State of California.

Equipment Security. (a) As a condition to leasing the Rented Property, Lessee may be required to provide Lessor with a security deposit for the full replacement value of the Rented Property. A security deposit may, at XxxxxxLessor’s discretion, be given in the form of an authorization to charge XxxxxxLessee’s credit or debit card for the amount of the security deposit in the event the Rented Property is not returned, returned late or in disrepair. (b) In the event the Rented Property is not returned in good, safe, and serviceable condition, Lessor will be entitled to keep XxxxxxLessee’s security deposit and apply said deposit towards any fees imposed upon cancellation, late return fees, the cost of any repairs needed to the Rented Property and the replacement of the Rented Property if it is a total loss. (c) XxxxxxLessor’s recourse to XxxxxxLessee’s security deposit is not Lessor’s exclusive remedy for XxxxxxLessee’s breach of this Agreement and, therefore, even if Lessor keeps Lessee’s Security Deposit, Lessor shall remain entitled to pursue available legal or equitable remedy for any damages it suffers as a result of XxxxxxLessee’s breach of any provision of this Agreement. (d) Lessee may be required to provide proof of insurance covering the Rented Property naming Lessor as an additional insured and such policy shall be issued by a company licensed or authorized to do business in the State of California.

Equipment Security. (a) As a condition to leasing the Rented Property, Lessee may be required to provide Lessor with a security deposit for the full replacement value of the Rented Property. A security deposit may, at Xxxxxx’s discretion, be given in the form of an authorization to charge Xxxxxx’s credit or debit card for the amount of the security deposit in the event the Rented Property is not returned, returned late or in disrepair. (b) In the event the Rented Property is not returned in good, safe, and serviceable condition, Lessor will be entitled to keep Xxxxxx’s security deposit and apply said deposit towards any fees imposed upon cancellation, late return fees, the cost of any repairs needed to the Rented Property and the replacement of the Rented Property if it is a total loss. (c) Xxxxxx’s recourse to Xxxxxx’s security deposit is not Lessor’s exclusive remedy for Xxxxxx’s breach of this Agreement and, therefore, even if Lessor keeps Lessee’s Security Deposit, Lessor shall remain entitled to pursue available legal or equitable remedy for any damages it suffers as a result of Xxxxxx’s breach of any provision of this Agreement. (d) Lessee may be required to provide proof of insurance covering the Rented Property naming Lessor as an additional insured and such policy shall be issued by a company licensed or authorized to do business in the State of California.

Equipment Security. (a) As a condition to leasing the Rented Property, Lessee may be required to provide Lessor with a security deposit for the full replacement value of the Rented Property. A security deposit may, at Xxxxxx’s discretion, be given in the form of an authorization to charge Xxxxxx’s credit or debit card for the amount of the security deposit in the event the Rented Property is not returned, returned late or in disrepair. (b) In the event the Rented Property is not returned in good, safe, and serviceable condition, Lessor will be entitled to keep Xxxxxx’s security deposit and apply said deposit towards any fees imposed upon cancellation, late return fees, the cost of any repairs needed to the Rented Property and the replacement of the Rented Property if it is a total loss. (c) Xxxxxx’s recourse to Xxxxxx’s security deposit is not Lessor’s exclusive remedy for Xxxxxx’s breach of this Agreement and, therefore, even if Lessor keeps Lessee’s Security Deposit, Lessor shall remain entitled to pursue available legal or equitable remedy for any damages it suffers as a result of Xxxxxx’s breach of any provision of this Agreement. (d) Lessee may be required to provide proof of insurance covering the Rented Property naming Lessor as an additional insured and such policy shall be issued by a company licensed or authorized to do business in the State of CaliforniaNevada.

Equipment Security. (a) As a condition to leasing the Rented Property, Lessee may be required to provide Lessor with a security deposit for the full replacement value of the Rented Property. A security deposit may, at XxxxxxLessor’s discretion, be given in the form of an authorization to charge XxxxxxLessee’s credit or debit card for the amount of the security deposit in the event the Rented Property is not returned, returned late or in disrepair. (b) In the event the Rented Property is not returned in good, safe, and serviceable condition, Lessor will be entitled to keep XxxxxxLessee’s security deposit and apply said deposit towards any fees imposed upon cancellation, late return fees, the cost of any repairs needed to the Rented Property and the replacement of the Rented Property if it is a total loss. (c) XxxxxxLessor’s recourse to XxxxxxLessee’s security deposit is not Lessor’s exclusive remedy for XxxxxxLessee’s breach of this Agreement and, therefore, even if Lessor keeps Lessee’s Security Deposit, Lessor shall remain entitled to pursue available legal or equitable remedy for any damages it suffers as a result of XxxxxxLessee’s breach of any provision of this Agreement. (d) Lessee may be required to provide proof of insurance covering the Rented Property naming Lessor as an additional insured and such policy shall be issued by a company licensed or authorized to do business in the State of California.

Equipment Security. (a) As a condition to leasing the Rented Property, Lessee may be required to provide Lessor with a security deposit for the full replacement value of the Rented Property. A security deposit may, at XxxxxxLessor’s discretion, be given in the form of an authorization to charge XxxxxxLessee’s credit or debit card for the amount of the security deposit in the event the Rented Property is not returned, returned late or in disrepair. (b) In the event the Rented Property is not returned in good, safe, and serviceable condition, Lessor will be entitled to keep XxxxxxLessee’s security deposit and apply said deposit towards any fees imposed upon cancellation, late return fees, the cost of any repairs needed to the Rented Property and the replacement of the Rented Property if it is a total loss. (c) XxxxxxLessor’s recourse to XxxxxxLessee’s security deposit is not Lessor’s exclusive remedy for XxxxxxLessee’s breach of this Agreement and, therefore, even if Lessor keeps Lessee’s Security Deposit, Lessor shall remain entitled to pursue available legal or equitable remedy for any damages it suffers as a result of XxxxxxLessee’s breach of any provision of this Agreement. (d) Lessee may be required to provide proof of insurance covering the Rented Property naming Lessor as an additional insured and such policy shall be issued by a company licensed or authorized to do business in the State of CaliforniaOregon.

Equipment Security. (a) As a condition to leasing the Rented Property, Lessee may be required to provide Lessor with a security deposit for the full replacement value of the Rented Property. A security deposit may, at XxxxxxLessor’s discretion, be given in the form of an authorization to charge XxxxxxLessee’s credit or debit card for the amount of the security deposit in the event the Rented Property is not returned, returned late or in disrepair. (b) In the event the Rented Property is not returned in good, safe, and serviceable condition, Lessor will be entitled to keep XxxxxxLessee’s security deposit and apply said deposit towards any fees imposed upon cancellation, late return fees, the cost of any repairs needed to the Rented Property and the replacement of the Rented Property if it is a total loss. (c) XxxxxxLessor’s recourse to XxxxxxLessee’s security deposit is not Lessor’s exclusive remedy for XxxxxxLessee’s breach of this Agreement and, therefore, even if Lessor keeps Lessee’s Security Deposit, Lessor shall remain entitled to pursue available legal or equitable remedy for any damages it suffers as a result of XxxxxxLessee’s breach of any provision of this Agreement. (d) Lessee may be required to provide proof of insurance covering the Rented Property naming Lessor as an additional insured and such policy shall be issued by a company licensed or authorized to do business in the State of CaliforniaTennessee.

Equipment Security. (a) As a condition to leasing the Rented Property, Lessee may be required to provide Lessor with a security deposit for the full replacement value of the Rented Property. A security deposit may, at Xxxxxx’s discretion, be given in the form of an authorization to charge Xxxxxx’s credit or debit card for the amount of the security deposit in the event the Rented Property is not returned, returned late or in disrepair. (b) In the event the Rented Property is not returned in good, safe, and serviceable condition, Lessor will be entitled to keep Xxxxxx’s security deposit and apply said deposit towards any fees imposed upon cancellation, late return fees, the cost of any repairs needed to the Rented Property and the replacement of the Rented Property if it is a total loss. (c) Xxxxxx’s recourse to Xxxxxx’s security deposit is not Lessor’s exclusive remedy for Xxxxxx’s breach of this Agreement and, therefore, even if Lessor keeps Lessee’s Security Deposit, Lessor shall remain entitled to pursue available legal or equitable remedy for any damages it suffers as a result of Xxxxxx’s breach of any provision of this Agreement. (d) Lessee may be required to provide proof of insurance covering the Rented Property naming Lessor as an additional insured and such policy shall be issued by a company licensed or authorized to do business in the State of CaliforniaWashington.

Equipment Security. (a) As a condition to leasing the Rented Property, Lessee may be required to provide Lessor with a security deposit for the full replacement value of the Rented Property. A security deposit may, at Xxxxxx’s discretion, be given in the form of an authorization to charge Xxxxxx’s credit or debit card for the amount of the security deposit in the event the Rented Property is not returned, returned late or in disrepair. (b) In the event the Rented Property is not returned in good, safe, and serviceable condition, Lessor will be entitled to keep Xxxxxx’s security deposit and apply said deposit towards any fees imposed upon cancellation, late return fees, the cost of any repairs needed to the Rented Property and the replacement of the Rented Property if it is a total loss. (c) Xxxxxx’s recourse to Xxxxxx’s security deposit is not Lessor’s exclusive remedy for Xxxxxx’s breach of this Agreement and, therefore, even if Lessor keeps Lessee’s Security Deposit, Lessor shall remain entitled to pursue available legal or equitable remedy for any damages it suffers as a result of Xxxxxx’s breach of any provision of this Agreement. (d) Lessee may be required to provide proof of insurance covering the Rented Property naming Lessor as an additional insured and such policy shall be issued by a company licensed or authorized to do business in the State of CaliforniaOregon.

Equipment Security. (a) As a condition to leasing the Rented Property, Lessee may be required to provide Lessor with a security deposit for the full replacement value of the Rented Property. A security deposit may, at Xxxxxx’s discretion, be given in the form of an authorization to charge Xxxxxx’s credit or debit card for the amount of the security deposit in the event the Rented Property is not returned, returned late or in disrepair. (b) In the event the Rented Property is not returned in good, safe, and serviceable condition, Lessor will be entitled to keep Xxxxxx’s security deposit and apply said deposit towards any fees imposed upon cancellation, late return fees, the cost of any repairs needed to the Rented Property and the replacement of the Rented Property if it is a total loss. (c) Xxxxxx’s recourse to Xxxxxx’s security deposit is not Lessor’s exclusive remedy for Xxxxxx’s breach of this Agreement and, therefore, even if Lessor keeps Lessee’s Security Deposit, Lessor shall remain entitled to pursue available legal or equitable remedy for any damages it suffers as a result of Xxxxxx’s breach of any provision of this Agreement. (d) Lessee may be required to provide proof of insurance covering the Rented Property naming Lessor as an additional insured and such policy shall be issued by a company licensed or authorized to do business in the State of CaliforniaTexas.

Equipment Security. (a) As a condition to leasing the Rented Property, Lessee may be required to provide Lessor with a security deposit for the full replacement value of the Rented Property. A security deposit may, at Xxxxxx’s discretion, be given in the form of an authorization to charge Xxxxxx’s credit or debit card for the amount of the security deposit in the event the Rented Property is not returned, returned late or in disrepair. (b) In the event the Rented Property is not returned in good, safe, and serviceable condition, Lessor will be entitled to keep Xxxxxx’s security deposit and apply said deposit towards any fees imposed upon cancellation, late return fees, the cost of any repairs needed to the Rented Property and the replacement of the Rented Property if it is a total loss. (c) Xxxxxx’s recourse to Xxxxxx’s security deposit is not Lessor’s exclusive remedy for Xxxxxx’s breach of this Agreement and, therefore, even if Lessor keeps Lessee’s Security Deposit, Lessor shall remain entitled to pursue available legal or equitable remedy for any damages it suffers as a result of Xxxxxx’s breach of any provision of this Agreement. (d) Lessee may be required to provide proof of insurance covering the Rented Property naming Lessor as an additional insured and such policy shall be issued by a company licensed or authorized to do business in the State of CaliforniaArizona.

Equipment Security. (a) As a condition to leasing the Rented Property, Lessee may be required to provide Lessor with a security deposit for the full replacement value of the Rented Property. A security deposit may, at Xxxxxx’s discretion, be given in the form of an authorization to charge Xxxxxx’s credit or debit card for the amount of the security deposit in the event the Rented Property is not returned, returned late or in disrepair. (b) In the event the Rented Property is not returned in good, safe, and serviceable condition, Lessor will be entitled to keep Xxxxxx’s security deposit and apply said deposit towards any fees imposed upon cancellation, late return fees, the cost of any repairs needed to the Rented Property and the replacement of the Rented Property if it is a total loss. (c) Xxxxxx’s recourse to Xxxxxx’s security deposit is not Lessor’s exclusive remedy for Xxxxxx’s breach of this Agreement and, therefore, even if Lessor keeps Lessee’s Security Deposit, Lessor shall remain entitled to pursue available legal or equitable remedy for any damages it suffers as a result of Xxxxxx’s breach of any provision of this Agreement. (d) Lessee may be required to provide proof of insurance covering the Rented Property naming Lessor as an additional insured and such policy shall be issued by a company licensed or authorized to do business in the State of CaliforniaFlorida.