OPERATION AND TERMINATION Clause Samples
OPERATION AND TERMINATION. Lessee shall be solely responsible for the installation, operation, and maintenance of the Equipment, shall keep it in good condition and running order, and shall use and operate the Equipment in compliance with applicable laws. If the Equipment is of the type not normally maintainable by the Lessee, the Lessee, at its expense, shall maintain in full force and effect throughout the Lease term Supplier's standard maintenance contract. Upon return to Lessor, the Equipment must be eligible, without further cost or expense, for immediate continuation of coverage under Supplier's standard maintenance contract. Lessee agrees to keep and use this Equipment only at the business address specified above, to never abandon or move the Equipment from that address, nor relinquish possession of the Equipment except to Lessor's agent. At the end of the Lease term, Lessee must contact Lessor, who will designate the return location within the continental United States, and Lessee shall, at Lessee's expense, immediately crate, insure and return the Equipment to the designated location in as good a condition as when Lessee received it, excepting only reasonable wear and tear. Until Lessor actually receives the Equipment at the return location, the Lease renews automatically from month to month, and Lessee agrees to continue to make lease payments at the last effective rate under the lease.
OPERATION AND TERMINATION. (a) The Lessee shall be solely responsible for the installation, operation, and maintenance of the Equipment, shall cause it to be kept in good condition and running order, and shall cause the Equipment to be used and operated only in compliance with applicable laws. The Lessee shall pay all installation and programming costs and all commissions in connection with and/or with respect to the Equipment.
(b) The Lessee, at its expense, shall maintain in full force and effect throughout the Lease term, the respective Manufacturer's standard maintenance contract for the Equipment.
(c) Upon return to the Lessor, all of the Equipment must be eligible for immediate continuation of coverage under the respective Manufacture's standard maintenance contracts. The Lessee shall be liable for all costs and expenses to make all of the Equipment eligible for such coverage.
(d) The Lessee shall cause the Equipment to be kept only at the address specified in the Equipment Schedule 1 for that Equipment, to never abandon or move any Equipment from the specified address, except with the Lessor's written consent or for turnover to the Lessor's agent.
(e) At least thirty (30) days prior to the end of the Lease term for any portion of the Equipment, the Lessee must contact the Lessor, who will designate the return location within the United States, and the Lessee shall, at the Lessee's expense, immediately crate, insure and return that portion of the Equipment to the designated location in as good condition as when the Lessee received it, excepting only reasonable wear and tear. Until the Lessor actually receives the Equipment at the return location, the Lease renews automatically from month to month and the Lessee agrees to continue to make Payments for that portion of the Equipment at the applicable rate stated in Section 4(b) above.
OPERATION AND TERMINATION. Lessee shall be solely responsible for the installation, operation, and maintenance of the Equipment; shall keep it in good condition and running order, and shall use and operate the Equipment in compliance with applicable laws and vendor licenses. If the Equipment is of the type not normally maintainable by the Lessee, the Lessee shall maintain at its own expense throughout the Lease term a maintenance contract acceptable to Lessor. Upon return to Lessor, the Equipment must be eligible, without further cost or expense, for immediate continuation of maintenance coverage. Lessee agrees to keep and use the Equipment only at the business address identified in writing by Lessee to Lessor, to never abandon the Equipment, and to never relinquish possession of the Equipment except to Seller’s agent. At the end of the Lease term, if Lessee exercises no purchase option, Lessee must contact Lessor, who will designate the return location within the continental United States. Lessee shall immediately crate, insure and ship all returned equipment to the designated location at is own expense in the same condition as when received, excepting only reasonable wear and tear. Unless Lessee exercises the purchase option or return option under the Lease with ninety (90) days written notice prior to Lease expiration and, in case of returns, unless Lessor actually receives the Equipment at the return location within ten (10) days of Lease termination, the Lease renews automatically from month to month, and Lessee agrees to make a full monthly lease payment at the last effective rate under the Lease for each holdover month or part thereof until Lessor receives the Equipment. Lessee agrees to accept and pay a separate billing for all damaged and missing Equipment, including any components and peripheral parts.
OPERATION AND TERMINATION. You shall be solely responsible for the installation, operation, and maintenance of the Equipment, shall keep it in good condition and working order, and shall use and operate the Equipment in compliance with applicable laws. If the Equipment is of the type not normally maintained by you, then you, at your expense, shall maintain in full force and effect throughout the term of this Lease Supplier's standard maintenance contract. You agree to keep and use this Equipment only at the address specified above, to never abandon or move the Equipment from that address, nor relinquish possession of the Equipment except to our agent. If you are required to return the Equipment to us for any reason, you shall, at your expense, wipe clean or permanently delete all data contained on the Equipment, including without limitation, any data contained on internal or external drives, discs, or accompanying media, immediately crate, insure and return the Equipment to the designated location in as good a condition as when you received it, excepting only reasonable wear and tear. In the case of any item of Software to be returned to us, you will also deliver to us the original certificate of authenticity issued by the licensor of such Software, if any.
OPERATION AND TERMINATION. Lessee shall be solely responsible for the installation, operation and maintenance of the Equipment and at its own cost and expense, keep it in good condition and running order, and shall use, operate and maintain the Equipment in compliance with applicable laws and any applicable manufacturer's manuals. The Lessee, at its expense, shall maintain in full force and effect throughout the Lease Term a maintenance contract with a party acceptable to Lessor. Upon return to lessor the Equipment must be eligible, without further cost or expense, for immediate continuation of coverage under Supplier's standard maintenance contract. Lessee agrees to keep and use the Equipment only at the business address specified in the applicable Lease Schedule, to never abandon or move the Equipment from that address, nor relinquish possession of the Equipment except to Lessor. Lessee shall give Lessor one hundred twenty (120) days written notice prior to the expiration of the Lease Term, and sixty (60) days written notice prior to expiration of any renewal term of the return of the Equipment and Lessor will designate the return location within the continental United States. At the end of the Lease Term Lessee shall, at Lessee's expense, immediately crate, insure and return the Equipment to the designated location in as good a condition as when Lessee received it, excepting only reasonable wear and tear and in the condition reflecting Lessee's full compliance with the terms and conditions of this section. If Lessee fails to give notice or fails to return the Equipment, the Lease shall automatically renew on a month to month basis for a period not to exceed twelve (12) months. The extension period may be terminated by either party by giving thirty (30) days prior written notice. Upon such termination or at the end of the twelfth month of the extension, Lessee shall return the Equipment as provided above. Until the Equipment is returned to Lessor, Lessee shall continue to pay rent in an amount equal to the monthly average rent during the Lease Term, on the same due date set forth in the Lease.
OPERATION AND TERMINATION. Lessee shall be solely responsible for the operation and day to day handling of the Equipment, shall keep it in good condition and running order and shall use and operate the Equipment in compliance with applicable law. Lessee shall be responsible for securing maintenance service from Lessor or from an independent party as determined by Lessor and shall be responsible for repair and/or replacement costs that may be necessary as a result of improper or negligent use and/or handling of the Equipment or loss the Equipment. Lessor will be responsible for the cost of any upgrade of Equipment, as may be required from time to time by a change in system specifications, and Equipment repair due to mechanical failure. Lessee agrees to keep and use the Equipment only at the Domicile Location specified above ("Equipment Location") and to never relinquish possession of the Equipment except to Lessor's agent. At the end of the Master Lease Term, Lessee must contact Lessor who will designate the return location within the continental United States, and Lessee shall, at Lessee's expense, immediately crate, insure and return the Equipment to the designated location in as good a condition as when Lessee received it, excepting only reasonable wear and tear. Until Lessor actually receives the Equipment at the return location, the Master Lease renews automatically from month to month and Lessee agrees to continue to make lease payments at the last effective rate under the Master Lease. Upon early termination of the Distributor Agreement by Company without cause or by Distributor for cause and upon receipt by Company of all Scheduled Equipment in good repair, this lease shall be terminated at no additional cost to Distributor. Upon early termination of the Distributor Agreement by the Company for cause or by the Distributor without cause, and upon receipt by Company of all Scheduled Equipment in good repair, the Company will use its best efforts to lease all of the Scheduled Equipment under all addenda to current or new Distributors so as to relieve Distributor of further lease schedule payments. If the Distributor requests in writing, early termination of one or more schedules, the Company will use its best efforts to re-lease the equipment as indicated above. The Company makes no promise or guarantee that the aforementioned best efforts will be successful and Distributor unconditionally agrees to continue making scheduled lease payments according to this Master Lease until no...
