Common use of Hire Period Clause in Contracts

Hire Period. The period of hire for an item of Hire Equipment (Hire Period): (a) runs from the time at which the Hire Equipment leaves the Collection Depot (regardless of whether it is collected by the Customer or TEN organises shipping or transport); and (b) ends when the Hire Equipment is returned by the Customer to TEN in accordance with clause 7.2(d) (regardless of whether it is collected by TEN or the Customer organises shipping or transport).