Common use of Ownership and Return of Equipment Clause in Contracts

Ownership and Return of Equipment. Customer shall not create or allow any liens or other encumbrances to be placed on any BluIP-rented Equipment, facility or system. Customer shall use reasonable measures to ensure that any Equipment located at a Customer’s premises is not rearranged, moved, removed, disconnected or altered without BluIP’s prior written consent. All rented Equipment provided by BluIP or a third party will remain the property of BluIP or such third party, respectively. Customer may not sell, lease, abandon, or give away rented Equipment; unless authorized by BluIP in writing, or pursuant to a then-current user guide provided by BluIP; allow anyone other than BluIP or its delegates to service, repair or maintain rented Equipment; or permit any other person to use the Equipment, other than a User in connection with its use of the Services. Customer will be directly responsible for loss of the Equipment. Customer shall return Equipment, at Customer’s risk and expense, in the manner, method and to an address as directed by BluIP no later than ten (10) days following the expiration or sooner termination of the applicable Service Order. If rented Equipment is lost, stolen or damaged, or is not completely returned to BluIP or is so returned in less than the required condition, Customer shall pay BluIP the greater of Two Thousand Dollars ($2,000.00) per piece of Equipment, or the then-present-value replacement costs for such Equipment, per the payment terms of the Agreement, no later than thirty (30) days from the date of termination. If, at the outset of transacting for Services, Customer elects to purchase any Equipment, the purchase will be noted on the applicable Service Order and Customer will own such Equipment and at all times under the Agreement. Unless otherwise expressly agreed in writing by the parties, if Customer elects to own any Equipment, Customer will be responsible for any required maintenance thereof. Any other equipment or facilities required by Customer to access the Services will be provided and paid for by Customer.

Ownership and Return of Equipment. Customer shall not create or allow any liens or other encumbrances to be placed on any BluIP-rented Equipment, facility or system. Customer shall use reasonable measures to ensure that any Equipment located at a Customer’s premises is not rearranged, moved, removed, disconnected or altered without BluIP’s prior written consent. All rented Equipment provided by BluIP or a third party will remain the property of BluIP or such third party, respectively. Customer may not sell, lease, abandon, or give away rented Equipment; unless authorized by BluIP in writing, or pursuant to a then-current user guide provided by BluIP; allow anyone other than BluIP or its delegates to service, repair or maintain rented Equipment; or permit any other person to use the Equipment, other than a User in connection with its use of the Services. Customer will be directly responsible for loss of the Equipment. Customer shall return Equipment, at Customer’s risk and expense, in the manner, method and to an address as directed by BluIP XxxXX no later than ten (10) days following the expiration or sooner termination of the applicable Service Order. If rented Equipment is lost, stolen or damaged, or is not completely returned to BluIP or is so returned in less than the required condition, Customer shall pay BluIP the greater of Two Thousand Dollars ($2,000.00) per piece of Equipment, or the then-present-value replacement costs for such Equipment, per the payment terms of the Agreement, no later than thirty (30) days from the date of termination. If, at the outset of transacting for Services, Customer elects to purchase any Equipment, the purchase will be noted on the applicable Service Order and Customer will own such Equipment and at all times under the Agreement. Unless otherwise expressly agreed in writing by the parties, if Customer elects to own any Equipment, Customer will be responsible for any required maintenance thereof. Any other equipment or facilities required by Customer to access the Services will be provided and paid for by Customer.

Ownership and Return of Equipment. Customer shall not create or allow any liens or other encumbrances to be placed on any BluIP-rented Equipment, facility or system. Customer shall use reasonable measures to ensure that any Equipment located at a Customer’s premises is not rearranged, moved, removed, disconnected or altered without BluIP’s prior written consent. All rented Equipment provided by BluIP or a third party will remain the property of BluIP or such third party, respectively. Customer may not sell, lease, abandon, or give away rented Equipment; unless authorized by BluIP in writing, or pursuant to a then-current user guide provided by BluIP; allow anyone other than BluIP or its delegates to service, repair or maintain rented Equipment; or permit any other person to use the Equipment, other than a User in connection with its use of the Services. Customer will be directly responsible for loss of the Equipment. Customer shall return Equipment, at Customer’s risk and expense, in the manner, method and to an address as directed by BluIP no later than ten (10) days following the expiration or sooner termination of the applicable Service Order. If rented Equipment is lost, stolen or damaged, or is not completely returned to BluIP or is so returned in less than the required condition, Customer shall pay BluIP the greater of Two Thousand Dollars ($2,000.00) per piece of Equipment, or the then-present-value replacement costs for such Equipment, Equipment per the payment terms of the Agreement, no later than thirty (30) days from the date of termination. If, at the outset of transacting for Services, Customer elects to purchase any Equipment, the purchase will be noted on the applicable Service Order and Customer will own such Equipment and at all times under the Agreement. Unless otherwise expressly agreed in writing by the parties, if Customer elects to own any Equipment, Customer will be responsible for any required maintenance thereof. Any other equipment or facilities required by Customer to access the Services will be provided and paid for by Customer.