Common use of Transportation Obligation Clause in Contracts

Transportation Obligation. Sometimes, the equipment being leased may be costly or time-consuming to transport from its current location to one where the Lessee requires. This agreement can be set to place the responsibility of transporting the equipment to and from the Lessee on the Lessor, on the Lessee, or both (“Shared”). X. Option To Purchase (15) Purchase Opportunity. Indicate if the option to buy the equipment will be available to the Lessee or if this option will not be applied by selecting one of the statements in the tenth article. Keep in mind, that if the option to buy the equipment from the Lessor will be given to the Lessee, then the dollar amount that will be required for purchase (i.e. the equipment’s selling price) should be entered where requested. XI. Repairs And Maintenance

Transportation Obligation. Sometimes, the equipment being leased may be costly or time-consuming to transport from its current location to one where the Lessee requires. This agreement can be set to place the responsibility of transporting the equipment to and from the Lessee on the Lessor, on the Lessee, or both (“Shared”). X. Option To Purchase (15) Purchase Opportunity. Indicate if the option to buy the equipment will be available to the Lessee or if this option will not be applied by selecting one of the statements in the tenth article. Keep in mind, that if the option to buy the equipment from the Lessor will be given to the Lessee, then the dollar amount that will be required for purchase (i.e. the equipment’s selling price) should be entered where requested. XI. Repairs And Maintenance.