Common use of LOST, STOLEN OR DESTROYED EQUIPMENT Clause in Contracts

LOST, STOLEN OR DESTROYED EQUIPMENT. In the event that after delivery to Customer, any of the Equipment is lost, stolen, damaged beyond repair, destroyed or otherwise disappears or is not returned for any reason, Customer will be responsible for the cost to replace the same item or the closest comparably equipped model, at current retail prices less any discounts available, without deduction for depreciation. AS SOON AS CUSTOMER REALIZES THAT EQUIPMENT IS MISSING, NOTIFY THE RENTAL COMPANY AND FILE A POLICE REPORT. In all instances immediately report any missing, lost, or stolen Equipment to the Rental Company and file a report with the local authorities. CUSTOMER MUST RETURN THE EQUIPMENT ON THE DATE SPECIFIED in the Rental Contract or be subject to additional charges. The last rental day shall be the day specified in the Rental Contract or up until 10:00 a.m. of the next business day. A full additional day’s rental will be charged for any Equipment not returned by 10:00 a.m. Full daily rates shall be charged for each day Equipment is not returned after the date specified. by the shortest reasonable time necessary to repair such damage or replace nonrepairable Equipment and return the item(s) to the Rental Company’s general inventory. The extended rental period shall apply only to the damaged or nonworking item(s), unless the item(s) forms a part of other equipment. There may be delays in repair or replacement attributable to causes beyond the Rental Company’s control. The acceptance of the return of the Equipment by the Rental Company is not a waiver by the Rental Company of any claims that it may have against you. These items shall accrue at full rental rate for the item(s) irrespective of any package discounts or other discounts agreed to at the inception of the Rental Contract, until the item(s) is repaired and/or replaced and the invoice for the damages has been paid in full to the Rental Company. If requested Customer shall advance the money in order to allow the Rental Company to repair or replace the Equipment.

LOST, STOLEN OR DESTROYED EQUIPMENT. In the event that after delivery to Customer, any of the Equipment is lost, stolen, damaged beyond repair, destroyed or otherwise disappears or is not returned for any reason, Customer will be responsible for the cost to replace the same item or the closest comparably equipped model, at current retail prices less any discounts available, without deduction for depreciation. AS SOON AS CUSTOMER REALIZES THAT EQUIPMENT IS MISSING, NOTIFY THE RENTAL COMPANY AND FILE A POLICE REPORT. In all instances immediately report any missing, lost, or stolen Equipment to the Rental Company and file a report with the local authorities. CUSTOMER MUST RETURN THE EQUIPMENT ON THE DATE SPECIFIED in the Rental Contract or be subject to additional charges. The last rental day shall be the day specified in the Rental Contract or up until 10:00 a.m. of the next business day. A full additional day’s rental will be charged for any Equipment not returned by 10:00 a.m. Full daily rates shall be charged for each day Equipment is not returned after the date specified. be extended by the shortest reasonable time necessary to repair such damage or replace nonrepairable Equipment and return the item(s) to the Rental Company’s general inventory. The extended rental period shall apply only to the damaged or nonworking item(s), unless the item(s) forms a part of other equipment. There may be delays in repair or replacement attributable to causes beyond the Rental Company’s control. The acceptance of the return of the Equipment by the Rental Company is not a waiver by the Rental Company of any claims that it may have against you. These items shall accrue at full rental rate for the item(s) irrespective of any package discounts or other discounts agreed to at the inception of the Rental Contract, until the item(s) is repaired and/or replaced and the invoice for the damages has been paid in full to the Rental Company. If requested Customer shall advance the money in order to allow the Rental Company to repair or replace the Equipment.