Common use of Specific Rights if Default caused by Insolvency Event Clause in Contracts

Specific Rights if Default caused by Insolvency Event. (a) If an Insolvency Event occurs in respect of a Customer, without prejudice to any other rights TEN may have the Customer by receiving delivery of any Hire Equipment authorises TEN to enter the Customer’s premises (or the premises of any associated company or agent where the Hire Equipment is located) without Liability for trespass or any resulting Damage to retake possession of that Hire Equipment. (b) While TEN has legal and equitable ownership of the Hire Equipment, the Customer must store the Hire Equipment so that it is clearly distinguishable from Equipment of a similar nature in the Customer’s possession and cross referenced to particular Invoices so that the Hire Equipment is clearly identifiable as the property of TEN.