Common use of Maintenance and Repair of Leased Equipment Clause in Contracts

Maintenance and Repair of Leased Equipment. (a) Mitcham and Sercel acknowledges that third party lessee of the Products from Mitcham may return the leased Products directly to SERCEL after the termination of such third party’s leases. In such event, SERCEL shall perform its standard maintenance check of such Products and inform Mitcham of any necessary repairs. (b) The maintenance checks and the repairs performed by SERCEL on the Products received from the lessees shall be invoiced by SERCEL to Mitcham at the SERCEL standard cost. With respect to the repair undertaken by SERCEL, Mitcham will be entitled to a five percent (5%) discount on the parts excluding workmanship. Mitcham shall also pay the reasonable and ordinary freight and storage charges incurred by SERCEL with respect to such Products. (c) For any repairs performed by SERCEL, Mitcham shall be entitled to receive 5.0% discount on the repair of Products. (d) Following such maintenance check and needed repairs, SERCEL shall ship such Products to Mitcham at Mitcham’s expense to a location designated by Mitcham.

Maintenance and Repair of Leased Equipment. (a) Mitcham and Sercel acknowledges that third party lessee of the Products from Mitcham may return the leased Products directly to SERCEL after the termination of such third party’s leases. In such event, SERCEL shall perform its standard maintenance check of such Products and inform Mitcham of any necessary repairs. (b) The maintenance checks and the repairs performed by SERCEL on the Products received from the lessees shall be invoiced by SERCEL to Mitcham at the SERCEL standard costprice. With respect to the repair undertaken by SERCEL, Mitcham will be entitled to a five percent (5%) discount on the parts excluding workmanshiprepair pricing listed herein on attached Schedule 5(a). Mitcham shall also pay the reasonable and ordinary freight and storage charges incurred by SERCEL with respect to such Products. (c) For any repairs performed by SERCEL, Mitcham shall be entitled to receive 5.0% discount on the repair of Products. price listed herein on attached Schedule 5(a). (d) Following such maintenance check and needed repairs, SERCEL shall ship such Products to Mitcham at Mitcham’s expense to a location designated by Mitcham.

Maintenance and Repair of Leased Equipment. (a) Mitcham and Sercel acknowledges that third party lessee of the Products from Mitcham may return the leased Products directly to SERCEL after the termination of such third party’s leases. In such event, SERCEL shall perform its standard maintenance check of such Products and inform Mitcham of any necessary repairs. (b) The maintenance checks and the repairs performed by SERCEL on the Products received from the lessees shall be invoiced by SERCEL to Mitcham at the SERCEL standard costprice. With respect to the repair undertaken by SERCEL, Mitcham will be entitled to a five percent (5%) discount on the parts excluding workmanshiprepair pricing listed herein on attached Schedule 5(a). Mitcham shall also pay the reasonable and ordinary freight and storage charges incurred by SERCEL with respect to such Products. (c) For any repairs performed by SERCEL, Mitcham shall be entitled to receive 5.0% discount on the repair of Productsprice listed herein on attached Schedule 5(a). (d) Following such maintenance check and needed repairs, SERCEL shall ship such Products to Mitcham at Mitcham’s expense to a location designated by Mitcham.