Common use of RENTAL TERM Clause in Contracts

RENTAL TERM. The term of the Equipment rental (“Rental Term”) shall commence on and include the date of delivery as stated in the Rental Agreement (“Start Date”) to the Delivery Point and end on and include the later of (i) the projected stop date of the Rental Term as stated in the Rental Agreement, (ii) any other date mutually agreed upon, (iii) the date upon which Strad has accepted the return of the Equipment to Strad’s designated depot and the Equipment has been restored to the same condition as when Delivered, ordinary wear and tear excepted, or (iv) in the event of earlier termination as provided by the Rental Agreement (the “Stop Date”). In calculating the Rental Term, twenty-four (24) hours or any part thereof constitutes one full day. The Rental Term includes Saturdays, Sundays and holidays.

RENTAL TERM. The term of the Equipment rental (“Rental Term”) shall commence on and include the date of delivery as stated in the Rental Agreement (“Start Date”) to the Delivery Point and end on and include the later of (i) the projected stop date of the Rental Term as stated in the Rental Agreement, ; (ii) any other date mutually agreed upon, or (iii) the date upon which Strad has accepted the return of the Equipment to Strad’s designated depot and the Equipment has been restored to the same condition as when Delivered, ordinary wear and tear excepted, or (iv) in the event of earlier termination as provided by the Rental Agreement excepted (the “Stop Date”). In calculating the Rental Term, twenty-four (24) hours or any part thereof constitutes one full day. The Rental Term includes Saturdays, Sundays and holidays.