Common use of RETURN OF THE EQUIPMENT Clause in Contracts

RETURN OF THE EQUIPMENT. 4.13.1 Equipment returned shall be at Client’s expense, fully insured against risk of loss or damage, to a place in the United Kingdom designated by IGF. Risk of loss or damage remains with Client until receipt of Equipment by IGF. 4.13.2 Client is responsible for the removal of any of its data contained within Equipment prior to its return. IGF will not accept any obligation of confidentiality or security in relation to such data. 4.13.3 Upon return Equipment shall be complete and in such condition as will qualify for the manufacturer’s maintenance agreement service. Client agrees to pay all costs and expenses incurred by IGF: i) in restoring Equipment to such condition including inspection, repair, reconditioning, and acquisition of replacement Parts. This may include replacement of Equipment where necessary; and/or ii) associated with the removal of data in accordance with the obligation in Clause 4.13.2. 4.13.4 Client shall have no further right or interest in Equipment upon its return and IGF may dispose or use Equipment as it deems appropriate. 4.13.5 If Equipment is not returned by the Return Date Client agrees to pay: i) For Types XXX0, XXX0, FMV and FMV1 the average Initial Term Rent; or ii) For Type FPO the average Secondary Term Rental, until 30 days following the date on which Equipment is returned in accordance with this clause.

RETURN OF THE EQUIPMENT. 4.13.1 Equipment returned shall be at Client’s expense, fully insured against risk of loss or damage, to a place in the United Kingdom designated by IGF. Risk of loss or damage remains with Client until receipt of Equipment by IGF. 4.13.2 Client is responsible for the removal of any of its data contained within Equipment prior to its return. IGF will not accept any obligation of confidentiality or security in relation to such data. 4.13.3 Upon return Equipment shall be complete and in such condition as will qualify for the manufacturer’s maintenance agreement service. Client agrees to pay all costs and expenses incurred by IGF: i) in restoring Equipment to such condition including inspection, repair, reconditioning, and acquisition of replacement Parts. This may include replacement of Equipment where necessary; and/or ii) associated with the removal of data in accordance with the obligation in Clause 4.13.2. 4.13.4 Client shall have no further right or interest in Equipment upon its return and IGF may dispose or use Equipment as it deems appropriate. 4.13.5 If Equipment is not returned by the Return Date Client agrees to pay: i) For Types XXX0, XXX0, FMV and FMV1 the average Initial Term Rent; or ii) For Type FPO the average Secondary Term Rental, until 30 60 days following the date on which Equipment is returned in accordance with this clause.