Common use of Rental Guarantee Clause in Contracts

Rental Guarantee. 2.1 At the beginning of the Rental Agreement, the Supplier may demand from the Client-Renter a sum as a guarantee and/or an advance. The guarantee is credited after the termination of the Rental Agreement on the invoice or transferred back after the Supplier has established that the Equipment Rented is still in good condition and that the Client- Renter has fulfilled all its obligations as set out in Art. 8 of the present Special Terms & Conditions, failing which the said guarantee sum will be retained in part or in full by the Supplier.

Rental Guarantee. 2.1 At the beginning of the Rental Agreement, the Supplier may demand from the Client-Renter a sum as a guarantee and/or an advance. The guarantee is credited after the termination of the Rental Agreement on the invoice or transferred back after the Supplier has established that the Equipment Rented is still in good condition and that the Client- Client-Renter has fulfilled all its obligations as set out in Art. 8 of the present Special Terms & Conditions, failing which the said guarantee sum will be retained in part or in full by the Supplier.