Common use of RETURN OF THE EQUIPMENT Clause in Contracts

RETURN OF THE EQUIPMENT. At the end of the rental term of each Equipment Schedule executed hereunder or upon the termination of the renting of the Equipment for whatever reason, Lessee will at its own expense forthwith deinstall and deliver the Equipment in good order and condition (fair wear and tear excepted) to Lessor at such place as may be appointed by Lessor within the country in which it is then installed if Comdisco has an affiliate in that country, or to the nearest country with a Comdisco affiliate, and, upon the failure of Lessee to return the Equipment as contemplated herein, Lessor may, without waiving Lessee's obligations for the aforementioned expenses, repossess the Equipment at any time and without notice and for this purpose shall be entitled freely to enter into and upon any premises where the Equipment may be and whether the same is occupied by or under the control of Lessee or otherwise.

Appears in 4 contracts

Samples: Global Master Rental Agreement (Continuus Software Corp /Ca), Global Master Rental Agreement (Virata Corp), Global Master Rental Agreement (Worldport Communications Inc)

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