Common use of Exchange Cycle Clause in Contracts

Exchange Cycle. Customer and Hilti may agree to exchange FM Tools quarterly, half yearly or yearly on a common exchange date for new FM Tools. In this case, the initial Tool Periods for the respective FM Tools shall be extended and Customer shall continue to pay the Monthly Fleet Fees until the common exchange date. • On the agreed common exchange date, the Customer shall return the FM Tools agreed to be exchanged to Hilti. If the Customer does not return the FM Tools as agreed, the process set out in clause 8.3 applies.

Exchange Cycle. Customer and Hilti may agree to exchange FM Tools quarterly, half yearly or yearly on a common exchange date for new FM Tools. In this case, the initial Tool Periods for the respective FM Tools shall be extended and Customer shall continue to pay the Monthly Fleet Fees until the common exchange date. • On the agreed common exchange date, the Customer shall return inform Hilti immediately of any claim on the FM Tools agreed to made by any third party. The Customer shall be exchanged to Hilti. If responsible for the Customer does not return the FM Tools as agreed, the process set out in clause 8.3 appliescost of defense against any such claim by third parties.

Exchange Cycle.  Customer and Hilti may agree to exchange FM Tools quarterly, half yearly or yearly on a common exchange date for new FM Tools. In this case, the initial Tool Periods for the respective FM Tools shall be extended and Customer shall continue to pay the Monthly Fleet Fees until the common exchange date. •  On the agreed common exchange date, the Customer shall return the FM Tools agreed to be exchanged to Hilti. If the Customer does not return the FM Tools as agreed, the process set out in clause 8.3 applies.