Rental Devices Ownership; Damage and Loss Sample Clauses

Rental Devices Ownership; Damage and Loss. I. RANGE is and will remain the owner of each Rental Device unless title is conveyed to you in writing following RANGE’s confirmation to you of its receipt of your payment in full of the purchase price for the Rental Device. You will not grant any third party any right to use, possess, or control any Rental Device, sublease any Rental Device, attempt to dispose of any Rental Device, grant any interest or right in a Rental Device to any third party, or otherwise do anything that undermines RANGE’s ownership of each Rental Device. RANGE may, without notifying you, assign RANGE’s interest in any Rental Device, and in that event, RANGE’s assignee will have all of RANGE’s rights in the Rental Device under this Agreement, but none of RANGE’s obligations. You agree not to assert against RANGE’s assignee any claims, offsets, or defenses you may have against RANGE. Upon RANGE’s request, you will execute and deliver to RANGE any documents or forms for protecting RANGE’s ownership and interest in each Rental Device, including finance statements under the Uniform Commercial Code. II. Upon receipt of each Rental Device, you will examine each Rental Device, and unless you notify RANGE within five business days of your receipt of a Rental Device to any issue with a Rental Device, each Rental Device is deemed to be in good working order at the time of receipt. In the event that any Rental Device delivered to you is stolen, lost, damaged, or transferred to any third party, regardless of the circumstances or cause, you will immediately notify RANGE in writing and pay RANGE a purchase price equal to (1) during the first 12 months after you received the Rental Device, 100% of the Rental Device’s then-current RANGE list price shown on RANGE’s web site, or (2) after such 12 month period, 80% of such list price. This obligation does not apply to any damage to a Rental Device that is covered by the manufacturer’s warranty.
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Rental Devices Ownership; Damage and Loss. Telesystem is the owner of each Rental Device unless you purchase the Rental Device. You may not grant any third party any right to use, possess, or control any Rental Device, sublease any Rental Device, attempt to dispose of any Rental Device, grant any interest or right in a Rental Device to any third party, or otherwise do anything that affects Telesystem’s ownership of each Rental Device. Telesystem may, without notifying you, assign Telesystem’s interest in any Rental Device. Upon Telesystem’s request, you will execute and deliver to Telesystem any documents or forms for protecting Telesystem’s ownership and interest in each Rental Device, including finance statements under the Uniform Commercial Code. Upon receipt of each Rental Device, you must examine each Rental Device.Unless you notify Telesystem within five (5) business days of your receipt of a Rental Device to any issue with a Rental Device, each Rental Device is deemed to be in good working order at the time of receipt. In the event that any Rental Device delivered to you is stolen, lost, damaged, or transferred to any third party, regardless of the circumstances or cause, you will immediately notify Telesystem in writing and pay Telesystem a purchase price equal to
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Rental Devices Ownership; Damage and Loss. Smart City is and will remain the owner of each Rental Device unless/until title is conveyed to you either in writing following Smart City’s confirmation to you of its receipt of your payment in full of the purchase price for the Rental Device, or upon expiration of the Initial Term of the Agreement. You will not grant any third party any right to use, possess, or control any Rental Device, sublease any Rental Device, attempt to dispose of any Rental Device, grant any interest or right in a Rental Device to any third party, or otherwise do anything that undermines Smart City’s ownership of each Rental Device during the Initial Term of the Agreement. Smart City may, without notifying you, assign Smart City’s interest in any Rental Device, and in that event, Smart City’s assignee will have all of Smart City’s rights in the Rental Device under this Agreement, but none of Smart City’s obligations. You agree not to assert against Smart City’s assignee any claims, offsets, or defenses you may have against Smart City. Upon Smart City’s request, you will execute and deliver to Smart City any documents or forms for protecting Smart City’s ownership and interest in each Rental Device, including finance statements under the Uniform Commercial Code. Upon receipt of each Rental Device, you will examine each Rental Device, and unless you notify Smart City within five
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Rental Devices Ownership; Damage and Loss. RingCentral is and will remain the owner of each Rental Device unless title is conveyed to you in writing following RingCentral’s confirmation to you of its receipt of your payment in full of the purchase price for the Rental Device. You will not (i) grant any third party any right to use, possess, or control any Rental Device, (ii) rent any Rental Device to any third party, (iii) attempt to dispose of any Rental Device, (iv) grant any interest or right in a Rental Device to any third party, or (iv) assign any claims, offsets, or defenses you may have against RingCentral. Upon RingCentral’s request, and to the extent permitted by applicable law, you will execute and deliver to RingCentral any documents or forms for protecting RingCentral’s ownership and interest in each Rental Device.
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Related to Rental Devices Ownership; Damage and Loss

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