Common use of Rental, Expenses and Charges Clause in Contracts

Rental, Expenses and Charges. The Equipment shall be delivered to you and returned to us at your risk, cost and expense. If a periodic rental rate is charged by us or our affiliate, rental charges are billed to you for each period or portions of the period from the time the equipment is delivered to you until its return. If a term rental rate is charged by us or our affiliate, rental charges are billed to you for the full term even if the Equipment is returned before the end of the term. If the Equipment is not returned at the end of the term, the rental charges shall continue on a full term basis for any additional term or portion thereof until the Equipment is returned. You hereby grant us a security agreement in any financed or leased equipment or devices. You authorize us to file UCC Financing Statements and other instruments as we deem necessary to perfect, maintain and renew any such security interests and/or assign same to third parties.