Common use of Tire and Brake Charges for Net Maintenance Leases Clause in Contracts

Tire and Brake Charges for Net Maintenance Leases. If Customer returns any Equipment subject to a Net Maintenance Lease with any tire having remaining tread depth of less than 100% of the Initial Tread Depth, Customer shall pay the Tire Wear Charge per tire for every 1/32nd of an inch that the tread depth has decreased from the Initial Tread Depth; provided, however, if any such Equipment accrues fewer than 25,000 miles during the applicable Term, then in lieu of such Tire Wear Charge Customer shall pay Xxxxxxxx’x then standard mileage charge rates for the actual miles driven. If Customer returns Net Maintenance Lease Equipment with a remaining brake pad depth of less than 100% of the Initial Pad Depth, Customer agrees to pay XxXxxxxx the Brake Wear Charge per drum for every 1/8th inch that the brake pad depth has decreased from the Initial Pad Depth.

Tire and Brake Charges for Net Maintenance Leases. If Customer returns any Equipment subject to a Net Maintenance Lease with any a remaining tire having remaining tread depth of less than 100% of the Initial Tread Depth, Customer shall pay the Tire Wear Charge per tire for every 1/32nd of an inch that the tread depth has decreased from the Initial Tread Depth; provided, however, if any such Equipment accrues fewer than 25,000 miles during the applicable Term, then in lieu of such Tire Wear Charge Customer shall pay Xxxxxxxx’x then standard mileage charge rates for the actual miles driven. If Customer returns Net Maintenance Lease Equipment with a remaining brake pad depth of less than 100% of the Initial Pad Depth, Customer agrees to pay XxXxxxxx the Brake Wear Charge per drum for every 1/8th inch that the brake pad depth has decreased from the Initial Pad Depth.