Lifting and Rigging Tools Sample Clauses

Lifting and Rigging Tools. Not later than sixty (60) days following the Effective Date, Buyer may elect to order Lifting and Rigging Tools from Supplier at a price equal to Fifteen Thousand Dollars ($15,000) per container of Lifting and Rigging Tools per month by providing Written Notice of such election to Supplier that indicates the number of Lifting and Rigging Tool containers to be furnished and the length of time for which Buyer requests to use such Lifting and Rigging Tools. If Buyer timely elects to order such Lifting and Rigging Tools, (i) Supplier shall deliver such Lifting and Rigging Tools to the Delivery Point by the date that is four (4) weeks prior to the first Anticipated Delivery Date and (ii) Buyer shall pay to Supplier the amount set forth in an invoice for Lifting and Rigging Tools within seven (7) calendar days following receipt thereof and reimburse Supplier for the actual and documented costs of shipping the Lifting and Rigging Tools to the Delivery Point. At the expiration of the period for which such Lifting and Rigging Tools are furnished, Buyer shall repack all Lifting and Rigging Tools and either (i) make such Lifting and Rigging Tools available for pick-up at a single location at the Project Site and reimburse Supplier for the actual and documented costs of shipping the Lifting and Rigging Tools from the Delivery Point or (ii) deliver such Lifting and Rigging Tools to the location designated by Supplier in Portland, Oregon at its own cost and expense. Buyer shall be responsible for any loss or damage to the Lifting and Rigging Tools and shall return such Lifting and Rigging Tools in the same condition as when received from Supplier, ordinary wear and tear excepted.
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