Lease General Terms and Conditions. The lessee is solely liable to third parties in respect of use of the leased equipment, even if the damage was caused by a latent defect. Moreover, the lessee must accept custody of the leased equipment.
Lease General Terms and Conditions in the event that the lessee leaves its country of residence to settle abroad without having previously informed the lessor, or that the lessee moves or closes its registered office, without first informing the lessor of its new address in Luxembourg; - in the event of death, disqualification, placement under court-appointed guardian or any other deprivation of the lessee’s legal capacity; - in the event of a change in the lessee’s marital property regime; - if the accounts, published or otherwise, an interim financial position, a valuation of the lessee’s assets or an appraisal show that up to one quarter of the net assets of the lessee or of the group of companies with consolidated accounts to which it belongs has been impaired, lost or rendered unavailable in comparison with the most recent annual accounts, published or otherwise; in the event of circumstances likely to result in one of these situations; - in the event of the insolvency of a third-party guarantor or if such a party revokes its commitment or is in one of the circumstances detailed in this clause; - on the basis of the internal requirements and/or procedures of the ING group, particularly in respect of combating money laundering and the financing of terrorism; - if control of the lessee’s company changes hands directly or indirectly and if that change will, solely in the opinion of the lessor, increase the financial risk of the transaction, or breach the international embargoes or domestic or foreign regulations to which the lessor is subject. If, despite any of the events listed above having occurred, the lessor fails to invoke its right to terminate the agreement, such tolerance cannot be invoked at a later date as constituting the lessor’s renunciation of the rights vested in it under this clause.
Lease General Terms and Conditions. Any taxes of any kind due as a result of this agreement, along with any charges or fines resulting from a breach of one of the provisions hereof by the lessee, are at the lessee’s expense. It is also required to pay any taxes or levies, present or future, direct or indirect, on, including, but not limited to, the leased equipment, whatever the current or future tax regime applicable to leasing transactions; the lessor is henceforth released from any liability of any kind in this respect.
Lease General Terms and Conditions
