Common use of Modifications to/replacement of the Vehicle Clause in Contracts

Modifications to/replacement of the Vehicle. 11.1. In the event of technical problems with the Vehicle that are confirmed by the importer, DirectLease has the option of replacing the Vehicle made available to the Lessee with a new Vehicle or with a Vehicle that is at least in an equivalent condition and that meets the essential characteristics of the Vehicle as described in detail in the Order/Contract Confirmation. Any related costs will be at the expense of DirectLease. In this case, the Lessee has a period of fourteen days, starting from the date of notification that the Vehicle will be replaced, to terminate the Lease agreement without payment of any additional compensation, whereby the Lessee is obliged to return the Vehicle to DirectLease within three working days of termination. The Lessee remains obliged to pay the Lease fee and other costs up to the moment of return.