Lease Term: Return. The term of the lease (“Lease Term”) will commence on the date of receipt of the Leased Part by the Lessee or its agent at the Lessor’s facility and will end on the date on which such Leased Part is returned to the Lessor. The Lease Term will not exceed thirty (30) days, unless extended by written agreement between Lessor and Lessee within such thirty (30)-day period (no one such extension to exceed an additional thirty (30) days). Notwithstanding the foregoing, the Lease Term will end in the event, and upon the date, of exercise of the Lessee’s option to either purchase or exchange the Leased Part, as provided herein.
Lease Term: Return. The term of the lease (“Lease Term”) will commence on the date of receipt of the Leased Part by the Lessee or its shipping agent in a serviceable condition and will end on the date of receipt at the Lessor’s facility of the Leased Part or exchanged part in a serviceable condition. Notwithstanding the foregoing, the Lease Term will end in the event, and upon the date, of the Lessee’s purchase or exchange of the Leased Part, as provided herein.
