SURRENDER OF EQUIPMENT. Upon termination or expiration of this Lease, with respect to each group of Equipment, Lessee will forthwith surrender the Equipment to Lessor delivered in as good order and condition as originally delivered, reasonable wear and tear excepted. Lessor may, at its sole option, arrange for removal and transportation of the Equipment provided that Lessee's obligations under Sections 10, 11 and 12 shall not be released. Lessee shall bear all expenses of delivering (which include, but are not limited to, the de-installation, insurance, packaging and transportation of) the Equipment to Lessor's location or other location within the United States as Lessor may request. In the event Lessee fails to deliver the Equipment as directed above, all obligations of Lessee under this Lease, including rental payments, shall remain in full force and effect until Lessee delivers the Equipment to Lessor.
SURRENDER OF EQUIPMENT. L6.1 If you default, or terminate this Agreement by non-appropriation under Section L10, you, at your expense, shall return all Equipment by delivering it to us in the same condition as when delivered to you, reasonable wear and tear excepted, to such place or on board such carrier, packed for shipping, as we may specify. Until the Equipment is returned as required above, all terms of this Agreement remain in effect including, without limitation, your obligations to make payments relating to your continued use of the Equipment and to insure the Equipment.
SURRENDER OF EQUIPMENT. Whenever Lessee is required or permitted to return Equipment, Lessee will (or, at Lessor’s request, Lessee will have the Manufacturer or another party acceptable to Lessor), at Lessee’s expense, deinstall, inspect, and properly pack the Equipment, and return the Equipment to Lessor by such common carrier as Lessor may specify, to a destination within the continental United States of America specified by Lessor, accompanied by the relocation inventory or similar form completed by the deinstaller. However, if the return destination is more than 1,000 miles from the original or final Equipment Location (whichever is closer to the return destination), Lessee’s freight expense in returning the Equipment shall be limited to the amount that would be incurred if the return destination were within such a distance. Lessor is not required to accept any return of Equipment more than one month before the end of the Term. Any return of Equipment accepted by Lessor releases Lessee of its leasehold rights and possessory interest in the Equipment, but will not otherwise constitute a termination of the Term or this Lease or Lessee’s related obligations. When received by Lessor, the Equipment shall be in good working order, cosmetically good, and in the same condition as when shipped to Lessee, reasonable wear and tear excepted, and, except for personal computers, at the Manufacturer’s minimum acceptable and current engineering level, and certified by the Manufacturer as eligible for the Manufacturer’s generally available maintenance contract at then prevailing rates without the need for Lessor to incur any repair, rehabilitation, or certification expense (‘Maintenance Certified’). Lessee will be liable to Lessor for all expenses Lessor incurs or would incur in placing the Equipment in the condition required by this Lease (whether or not Lessor actually does place the Equipment in such condition), up to the Fair Market Value of the Equipment. Any additions to the Equipment not removed before return shall become Lessor’s exclusive property (lien free) or, at Lessor’s option and Lessee’s expense, removed and returned to Lessee or sold, destroyed, or otherwise disposed of, all without liability to Lessee, and the Equipment restored to its original condition. For personal computers, Lessee shall have the option, when returning Equipment at or after the end of the Base Term, in lieu of any complete system of original Equipment it would otherwise be required to return (‘Original E...
SURRENDER OF EQUIPMENT. Unless Lessee has paid Lessor the “Stipulated Loss Value” of an item of Equipment, upon the expiration or termination of this Agreement Lessee shall return the Equipment to Lessor in good repair, condition and working order, ordinary wear and tear expected, as directed by Lessor. Lessee shall pay the cost of returning the Equipment to the office of Lessor as specified herein unless the Agreement has been terminated by Lessee as provided for herein, in which case Lessor shall pay for return of the Equipment.
SURRENDER OF EQUIPMENT. Upon the expiration or earlier termination of any Schedule with respect to any Unit, Lessee shall, unless Lessee has paid Lessor in cash the Casualty Value of the Unit plus any accrued Rent and any other payments due, at Lessee’s expense, deinstall, repackage and return the Equipment to Lessor to the Return Location, in the condition described in Section 8 hereof. Lessee shall arrange and pay for all such repairs and work required as to any Unit for the manufacturer to accept the Equipment at the time of surrender under the manufacturer’s standard maintenance agreement. Lessee shall bear the risk of damage or loss until delivery of the Equipment to the Return Location.
SURRENDER OF EQUIPMENT. At the end of the Term or the termination of the Agreement, whichever occurs first, the Lessee shall, at the Lessee's expense, forthwith surrender control of the Equipment to Heavy Iron and shall return the Equipment to Heavy Iron at the Heavy Iron Facility or such other place as may be specified by Heavy Iron. The Lessee shall return the Equipment in good repair, condition and working order, and in the same condition as when delivered to the Lessee, reasonable wear and tear excepted. The Lessee shall be responsible for all costs and expenses that Heavy Iron incurs to place the Equipment in such condition. The Lessee shall, if Heavy Iron so requests, store the Equipment on the Lessee's premises at the Lessee's risk and expense and as Heavy Iron's bailee for a period of up to 30 days after the end of the Term. The Lessee shall not use the Equipment or pay any Rent for the Equipment during such period but shall otherwise be bound by all terms of this Agreement during such period. If the Lessee fails to return the Equipment when required by this Agreement, the Lessee shall be deemed to be in unlawful possession of the Equipment without Heavy Iron's consent.
SURRENDER OF EQUIPMENT. At the end of the Term, Saint Luke’s shall return the Equipment to Company, in the same condition as when received by Saint Luke’s, reasonable wear and tear excepted.
SURRENDER OF EQUIPMENT. If required by the terms of this Lease or any Schedule, Lessee will forthwith surrender the Equipment to Lessor delivered in as good order and condition as originally delivered, reasonable wear and tear exempted. Lessor may, at its sole option, arrange for removal and transportation of the Equipment provided that Lessee's obligations under Sections 10, 11 and 12 shall not be released. Lessee shall bear all expenses of delivering (which include, but are not limited to, the de-installation, insurance, packaging and transportation of) the Equipment to Lessor's location or other location within the United States as Lessor reasonably request. Notwithstanding Lessee's surrender and/or delivery of the Equipment and/or Lessor's removal of the Equipment, all obligations of Lessee under this Lease, including rental payments, shall remain in full force and effect until Lessee delivers the Equipment to Lessor.
SURRENDER OF EQUIPMENT. Upon the Return Date, Customer shall return the Equipment to TVOne in good repair, condition, and working order, ordinary wear and tear resulting from proper use thereof along excepted. With the sole exception of damages to the Equipment that would ordinarily be covered by TVOne’s then-current standard warranty for such Equipment, Customer assumes responsibility for all damages to the Equipment and missing components. For the avoidance of doubt, nothing in this Section 9 is intended to provide any express or implied warranty with respect to any Equipment. Customer is responsible for ensuring that the Equipment, its packaging, and its documentation are preserved in an “as-new” condition. If the Equipment’s packaging is discarded or not maintained in an “as-new” condition, Customer agrees to contact TVOne’s Customer Service Department to provide replacement packaging, and Customer agrees to promptly pay TVOne’s then-current replacement cost for such packaging (which is currently $15). Except as otherwise expressly agreed in writing by TVOne, Customer acknowledges and agrees that, in the event any Equipment is not received by TVOne within seven days following the Return Date (as defined in Section 2 above), Customer shall be deemed to have purchased (or licensed, as applicable) such Equipment for the prices specified on Exhibit A attached hereto, and shall remit payment in full, without discount, abatement or any other type of deduction, for such Equipment to TVOne within ten days from that date. If Customer fails to make any payment when such payment is due, then Customer shall pay interest on the overdue amount at an annual rate (the “Default Rate”) equal to four percent (4%) plus the prime rate published in the Wall Street Journal from time to time. The Default Rate shall accrue on a daily basis until actual payment of the overdue amount, whether before or after judgment. Agreed: (Customer Initials)
SURRENDER OF EQUIPMENT. Upon the expiration or earlier termination of any Schedule with respect to any Unit, Lessee shall, unless Lessee has paid Lessor in cash the Casualty Value of the Unit plus any accrued Rent and any other payments due, at Lessee’s expense, deinstall, repackage and return the Equipment to Lessor to the Return Location, in the condition described in Section 8 hereof within ten (10) calendar days and failure to do so shall be deemed an Event of Loss as defined in Section 11.2. Lessee shall arrange and pay for all such repairs and work required as to any Unit in order to comply with the requirements of Section 8 hereof. Lessee shall bear the risk of damage or loss until delivery of the Equipment to the Return Location.
