Common use of Hire of Equipment Clause in Contracts

Hire of Equipment. The hire will commence from the commencement date specified in the Schedule and continue for the hire period specified in the Schedule. The hirer is entitled to use the equipment for the hire period subject to the terms of this document. Any extension of the hire period must be expressly agreed to by the owner before the expiration of the hire period. The hirer agrees to return the equipment to the address identified by the owner on or before the end of the hire period as outlined in the Schedule and acknowledges that failure to do so can be criminal theft and may be immediately reported to the police. Despite anything else in the this document, without the express written consent of the owner, the hire period (including any option or extension of it) cannot be longer than two years (or any other period that is the time threshold for a PPS lease under the PPS Law (as defined below)).

Hire of Equipment. The hire will commence from the commencement date specified in the Schedule and continue for the hire period specified in the Schedule. The hirer is entitled to use the equipment for the hire period subject to the terms of this document. Any extension of the hire period must be expressly agreed to by the owner before the expiration of the hire period. The hirer agrees to return the equipment to the address identified by the owner on or before the end of the hire period as outlined in the Schedule and acknowledges that failure to do so can be criminal theft and may be immediately reported to the police. Despite anything else in the this document, without the express written consent of the owner, the hire period (including any option or extension of it) cannot be longer than two years (or any other period that is the time threshold for a PPS lease under the PPS Law (as defined below)).