Common use of Failure to Return Equipment Clause in Contracts

Failure to Return Equipment. If after ten (10) days from cancellation or termination of service, all leased equipment has not been returned to LPC Connect, then you will be assessed a late charge of five dollars ($5.00) per day. If after twenty (20) days from cancellation or termination of service, all leased equipment has not been returned to LPC Connect, you may be charged for the full cost of the unreturned equipment. If LPC Connect is required to initiate legal action to recover the replacement cost of leased equipment or, at its option, to recover the leased equipment itself, then you will be liable for collection costs and/or for any reasonable attorneys’ fees, expenses and court costs incurred by LPC Connect in bringing legal action.

Failure to Return Equipment. If after ten (10) days from cancellation or termination of service, all leased equipment the Equipment has not been returned to LPC Connect, then you will be assessed a late charge of five dollars ($5.00) per day. If after twenty (20) days from cancellation or termination of service, all leased equipment the Equipment has not been returned to LPC Connect, you may be charged for the full cost of the unreturned equipmentEquipment. If LPC Connect is required to initiate legal action to recover the replacement cost of leased equipment Equipment or, at its option, to recover the leased equipment Equipment itself, then you will be liable for collection costs and/or for any reasonable attorneys’ fees, expenses and court costs incurred by LPC Connect in bringing legal action.