Common use of Loaner Services Clause in Contracts

Loaner Services. If the Rapiscan Sale Document includes reference to Loaner Services, Rapiscan shall provide replacement Equipment (same/similar model) to Buyer on a temporary basis (“Loaner Equipment”) for use by Buyer while Buyer’s Equipment is undergoing Depot Return Repairs. Delivery of Loaner Equipment shall be made by Rapiscan DDP (Incoterms 2010) to the Buyer Location. Title to Loaner Equipment shall remain with Rapiscan at all times. The Loaner Equipment shall be considered bailed property from the time of its delivery to Buyer until its return to Rapiscan. Buyer must store, protect, maintain and operate the Loaner Equipment at Buyer’s sole cost and expense and shall comply with all Loaner Equipment storage, handling, use, maintenance, packing and return shipping instructions provided by Rapiscan. Buyer shall bear all risk of theft, loss and damage to Loaner Equipment, however caused, until the Loaner Equipment is returned to Rapiscan. Software (defined in Section 17 below) installed on Loaner Equipment is licensed to Buyer, not sold. Use of such Software is provided subject to the terms set forth in Section 17 (Software License) below. Buyer shall return the Loaner Equipment to Rapiscan within five days of receipt by Buyer of the Equipment that had been undergoing Depot Return Repairs. Return delivery shall be made by ground transportation DDP (Incoterms 2010). Rapiscan shall be entitled to charge Buyer US$250 per day for each day beyond such five-day period that the Loaner Equipment is not returned to Rapiscan.

Loaner Services. If the Rapiscan Sale Document includes reference to Loaner Services, Rapiscan shall provide replacement Equipment (same/similar model) to Buyer on a temporary basis (“Loaner Equipment”) for use by Buyer while Buyer’s Equipment is undergoing Depot Return Repairs. Delivery of Loaner Equipment shall be made by Rapiscan DDP (Incoterms 20102020) to the Buyer Location. Title to Loaner Equipment shall remain with Rapiscan at all times. The Loaner Equipment shall be considered bailed property from the time of its delivery to Buyer until its return to Rapiscan. Buyer must store, protect, maintain and operate the Loaner Equipment at Buyer’s sole cost and expense and shall comply with all Loaner Equipment storage, handling, use, maintenance, packing and return shipping instructions provided by Rapiscan. Buyer shall bear all risk of theft, loss and damage to Loaner Equipment, however caused, until the Loaner Equipment is returned to Rapiscan. Software (defined in Section 17 below) installed on Loaner Equipment is licensed to Buyer, not sold. Use of such Software is provided subject to the terms set forth in Section 17 (Software License) below. Buyer shall return the Loaner Equipment to Rapiscan within five days of receipt by Buyer of the Equipment that had been undergoing Depot Return Repairs. Return delivery shall be made by ground transportation DDP (Incoterms 20102020). Rapiscan shall be entitled to charge Buyer US$250 per day for each day beyond such five-day period that the Loaner Equipment is not returned to Rapiscan.

Loaner Services. If the Rapiscan Sale Document includes reference to Loaner Services, Rapiscan shall provide replacement Equipment (same/similar model) to Buyer on a temporary basis (“Loaner Equipment”) for use by Buyer while Buyer’s Equipment is undergoing Depot Return Repairs. Delivery of Loaner Equipment shall be made by Rapiscan DDP (Incoterms 2010) to the Buyer Location. Title to Loaner Equipment shall remain with Rapiscan at all times. The Loaner Equipment shall be considered bailed property from the time of its delivery to Buyer until its return to Rapiscan. Buyer must store, protect, maintain and operate the Loaner Equipment at Buyer’s sole cost and expense and shall comply with all Loaner Equipment storage, handling, use, maintenance, packing and return shipping instructions provided by Rapiscan. Buyer shall bear all risk of theft, loss and damage to Loaner Equipment, however caused, until the Loaner Equipment is returned to Rapiscan. Software (defined in Section 17 below) installed on Loaner Equipment is licensed to Buyer, not sold. Use of such Software is provided subject to the terms set forth in Section 17 (Software License) below. Buyer shall return the Loaner Equipment to Rapiscan within five days of receipt by Buyer of the Equipment that had been undergoing Depot Return Repairs. Return delivery shall be made by ground transportation DDP (Incoterms 2010). Rapiscan shall be entitled to charge Buyer US$250 GBP250 per day for each day beyond such five-day period that the Loaner Equipment is not returned to Rapiscan.

Loaner Services. If the Rapiscan Sale Document includes reference to Loaner Services, Rapiscan shall provide replacement Equipment (same/similar model) to Buyer on a temporary basis (“Loaner Equipment”) for use by Buyer while Buyer’s Equipment is undergoing Depot Return Repairs. Delivery of Loaner Equipment shall be made by Rapiscan DDP (Incoterms 2010) to the Buyer Location. Title to Loaner Equipment shall remain with Rapiscan at all times. The Loaner Equipment shall be considered bailed property from the time of its delivery to Buyer until its return to Rapiscan. Buyer must store, protect, maintain and operate the Loaner Equipment at Buyer’s sole cost and expense and shall comply with all Loaner Equipment storage, handling, use, maintenance, packing and return shipping instructions provided by Rapiscan. Buyer shall bear all risk of theft, loss and damage to Loaner Equipment, however caused, until the Loaner Equipment is returned to Rapiscan. Software (defined in Section 17 16 below) installed on Loaner Equipment is licensed to Buyer, not sold. Use of such Software is provided subject to the terms set forth in Section 17 16 (Software License) below. Buyer shall return the Loaner Equipment to Rapiscan within five days of receipt by Buyer of the Equipment that had been undergoing Depot Return Repairs. Return delivery shall be made by ground transportation DDP (Incoterms 2010). Rapiscan shall be entitled to charge Buyer US$250 per day for each day beyond such five-day period that the Loaner Equipment is not returned to Rapiscan.