Rental Contracts. For each vehicle rented, the Employee must execute Enterprise’s Rental Contract in the jurisdiction in which the vehicle rental occurs. Each Employee and Employee’s spouse (and any person identified on page 1 of the Rental Contract as an “Additional Authorized Driver”) must possess a valid driver’s license issued by the state in which such person resides, and must be age 21 or older (unless otherwise agreed to in writing and 18 or older if required by law; and 25 or older for 12 and 15 passenger vans), and meet Enterprise’s other normal renter qualifications. In the event of a direct conflict between the terms of this Agreement and the terms of any Rental Contract, the terms of this Agreement will govern. However, the specific terms of each Rental Contract will govern to the extent not directly in conflict with the terms of this Agreement. Customer agrees to pay Enterprise upon demand for all rental and other charges incurred and all indemnity and other payments owed by an Employee under a Rental Contract relating to a rental for business use not timely paid by the Employee. Rentals are billed on a 30 day cycle and payment is expected to be made within 30 days of receiving invoice.
Rental Contracts. All Rental Contracts will: (i) be in a form satisfactory to Agent, and (ii) be transferable to Agent on behalf of the Lenders. Each Dealer warrants and represents to Agent and Lenders that all of the Rental Contracts and rental and lease activities will comply with all applicable laws. Dealers agree to indemnify Agent and Lenders against any loss or damage Agent or Lenders suffer, whether direct or indirect, resulting from or in any way arising out of Rental Contracts, or rental and lease activities, which fail to comply with all applicable laws. Dealers will reimburse Agent for any attorneys’ fees which Agent incurs in having the Rental Contracts reviewed for compliance with applicable laws. Immediately upon execution of the same, all Rental Contracts will be effectively collaterally assigned to Agent for the benefit of Lenders, and, immediately upon Agent’s request, delivered to Agent together with any and all related documents. All Rental Contracts will contain, by way of a stamp or as a part of the preprinted rental contract or lease agreement form, the following legend directly below the customer’s signature: “FOR VALUE RECEIVED, THIS AGREEMENT AND THE RELATED UNDERLYING RENTAL PROPERTY HAVE BEEN COLLATERALLY ASSIGNED TO XXXXX FARGO COMMERCIAL DISTRIBUTION FINANCE, LLC, AS AGENT, AND THERE ARE NO DEFENSES AGAINST THE ASSIGNEE.” Immediately upon Agent’s request, each Dealer will report to Agent all of the terms of any Rental Contract executed, the location of the Rental Unit, the date on which such Rental Unit is rented or leased, and the date on which such Rental Unit is to be returned to such Dealer. Each Dealer will also notify Agent, immediately upon Agent’s request, of the termination of any Rental Contracts or any changes to such Rental Contracts. Dealers will not assign, sell, pledge, convey or by any other means transfer to any person, other than Agent for the benefit of Lenders, any Rental Contracts or chattel paper, without Agent’s prior written consent. Dealers will instruct any person renting or leasing any Rental Unit regarding the proper use and care of such Rental Unit. Dealers will use such forms and agreements as may be reviewed and approved by Agent, if requested. Dealers will not, without Agent’s prior written consent, enter into or execute any Rental Contract pursuant to which any Dealer rents or leases any Rental Unit for a period that exceeds seven (7) consecutive days, and will not enter into or execute any Rental Contract which ...
Rental Contracts. 7 2.4 Condition..............................................................................7 2.5
Rental Contracts. Dealer may rent the Inventory pursuant to the terms of Dealer's rental contracts ("Rental Contracts"). Such Inventory will thereafter be subject to the rates and terms of ITT's financing program in effect for goods which are rented, as reflected in the Statement of Transaction for such Inventory. All of Dealer's Rental Contracts, agreements, and rental transactions will be in a form satisfactory to ITT and will be in accordance with all applicable Federal, State and local laws. Dealer will indemnify ITT against any loss or damage which ITT suffers, whether direct or indirect, resulting in any way from the Rental Contracts, agreements, or rental transactions which fail to comply with such laws. All Rental Contracts will be transferable to ITT. Dealer will indemnify ITT against any claims by its customers regarding Dealer's obligations under the Rental Contracts. Dealer will immediately, upon ITT's request, deliver to ITT all Rental Contracts and all related documents. This assignment is a transfer for security only, and, until ITT has foreclosed its interest in the Rental Contracts, will not be deemed to delegate any of Dealer's duties under the Rental Contracts to ITT, nor is it intended to alter or impair 3 performance by either party to the Rental Contracts. ITT may, from time to time, verify the accuracy of the Rental Contracts, and Dealer will immediately, upon ITT's request, provide ITT with the following information regarding Rental Contracts which are in effect on the date of such request: (a) the name, address and telephone number of each customer who has executed a Rental Contract; (b) the location of the Inventory; (c) the date of each Rental Contract; (d) the date when the Inventory is to be returned under each Rental Contract; and, (e) any other information which ITT may reasonably request. If the rental period under the Rental Contract is ninety (90) days or longer, Dealer will stamp the original of such Rental Contract with the following legend: 'FOR VALUE RECEIVED, THIS AGREEMENT HAS BEEN ASSIGNED TO ITT COMMERCIAL FINANCE CORP. AND THERE ARE NO DEFENSES AGAINST THE ASSIGNEE.' Other than to ITT, Dealer will not assign, sell, pledge, convey or by any other means transfer any Rental Contracts or chattel paper, without ITT's prior written consent. Dealer will not enter into any Rental Contracts for Inventory pursuant to which: (i) the original term of the Rental Contract is greater than three hundred sixty (360) days; (ii) the original term of ...
Rental Contracts. Borrower may rent the Inventory financed by DFS or against which DFS has advanced funds pursuant to the terms of Borrower's rental contracts ("Rental Contracts"). Such Inventory will thereafter be subject to the rates and terms of DFS' financing program in effect for goods which are rented, as reflected herein or in any statement of transaction for such Inventory. All of Borrower's Rental Contracts, agreements, and rental transactions will be in a form reasonably satisfactory to DFS and will be in accordance with all applicable Federal, State and local laws. Borrower will indemnify DFS against any loss or damage which DFS suffers, whether direct or indirect, resulting in any way from the Rental Contracts, agreements, or rental transactions which fail to comply with such laws. All Rental Contracts will be transferable to DFS. Borrower will indemnify DFS against any claims by its customers regarding Borrower's obligations under the Rental Contracts. Borrower will immediately, upon DFS' request, deliver to DFS all Rental Contracts and all related documents. This assignment is a transfer for security only, and, until DFS has foreclosed its interest in the Rental Contracts, will not be deemed to delegate any of Borrower's duties under the Rental Contracts to DFS, nor is it intended to alter or impair performance by either party to the Rental Contracts. DFS may, from time to time, verify the accuracy of the Rental Contracts, and Borrower will immediately, upon DFS' request, provide DFS with the following information regarding Rental Contracts which are in effect on the date of such request: (a) the name, address and telephone number of each customer who has executed a Rental Contract; (b) the location of the Inventory; (c) the date of each Rental Contract; (d) the date when the Inventory is to be returned under each Rental Contract; and, (e) any other information which DFS may reasonably request. If the rental period under the Rental Contract is ninety (90) days or longer, Borrower will stamp the original of such Rental Contract with the following legend: 'FOR VALUE RECEIVED, THIS AGREEMENT HAS BEEN ASSIGNED TO DEUTSCHE FINANCIAL SERVICES CORPORATION AND THERE ARE NO DEFENSES AGAINST THE ASSIGNEE.' Other than to DFS, Borrower will not assign, sell, pledge, convey or by any other means transfer any Rental Contracts or chattel paper, without DFS' prior written consent. Borrower will not enter into any Rental Contracts for Inventory financed by DFS or against which...
Rental Contracts. The Society may enter into Rental Contracts. All Rental Contracts shall be in writing and include terms and conditions consistent with the reasonably prudent operation of a facility of a similar nature to the Facility. Without limiting the generality of the foregoing, all Rental Contracts must include a clause which provides that (i) the Rental Contract shall automatically terminate in the event that the Society is dissolved; and (ii) the Society may terminate the Rental Contract, without notice, in the event that this Agreement is terminated. The parties hereby agree that the Society is not acting as an agent of HRM when it enters into a Rental Contract.
Rental Contracts. Membership does not guarantee your ability to rent vehicles from Administrator’s affiliates or Licensees. All rentals remain subject and subordinate to availability and any applicable qualifications and rental conditions. For example, the minimum or maximum age to rent may vary by country. In addition, all reservation requests are non-binding for Member and the corresponding affiliate or Licensee of Administrator. There is no no-show penalty for Member; additionally, the corresponding affiliate or Licensee of Administrator does not have any duty or obligation to keep any reserved vehicles available.
Rental Contracts. Section 4.22 Real Estate Section 4.22.1 General Section 4.22.2 Owned Facilities Section 4.22.3 Leased Facilities Section 4.22.4 Certificate of Occupancy Section 4.22.5 Utilities Section 4.23 Assets Necessary to Continue to Conduct Business Section 4.24 Accounts Receivable Section 4.25 Inventory Section 4.26 Purchase Commitments and Outstanding Bids Section 4.27 Suppliers Section 4.28 Foreign Corrupt Practices Act Section 4.29 Officers and Directors; Loans
Rental Contracts. All Rental Contracts are valid, binding and enforceable against all parties thereto in accordance with their respective terms. All Rental Contracts are in compliance with applicable state Law. The data set forth in Exhibit 4.21 provided to Parent by the Company and its Representatives relating to the Rental Contracts is true, correct and complete in all material respects as January 31, 2005, and the update to such Exhibit to be provided by the Company at least five days prior to the Effective Time based on the most recent month-end prior thereto, will be true and correct in all material respects as of such month-end.
Rental Contracts. To the best of Beneficiary's knowledge, the Rental Contracts are legal, valid, binding and enforceable against the customers signatory thereto. Neither Seller nor, to the best of Beneficiary's knowledge, any customer is in breach under any Rental Contract, other than customers delinquent in payment of their accounts as listed on Exhibit "H" hereof. No customer has made or threatened any litigation or claim or defense under any Rental Contract. No rebates or other sums are due Seller's customers at the end of the rental terms of the Rental Contract.
