Common use of Weekends and Holidays Clause in Contracts

Weekends and Holidays. When on a daily schedule, Customer will be charged the daily rental rate for weekend days and holiday if the Equipment is used. There may be minimum rental periods and/or special minimums applicable to Equipment to be used other than locally. Rental payments may not be applied to the purchase price of any Equipment. The Rental Company shall be entitled to compensation, not to exceed the lease payments for any losses the Rental Company may sustain due to your cancellation of all or part of any order. Customer’s insurance should be on a worldwide basis; shall name the Rental Company as Loss payee for loss or damage to the property rented; shall cover “All Risks” of loss or damage for Equipment ; vehicles physical damage coverage shall include the perils of “Comprehensive” and “Collision” and all policies shall provide for 10 days written notice to the Rental Company before any policy shall be modified or cancelled. Limits shall be sufficient to encompass all property at risk, regardless of source, but in no event less than $1,000,000.00.

Weekends and Holidays. When on a daily schedule, Customer will be charged the daily rental rate for weekend days and holiday if the Equipment is used. There may be minimum rental periods and/or special minimums applicable to Equipment to be used other than locally. Rental payments may not be applied to the purchase price of any Equipment. The Rental Company shall be entitled to compensation, not to exceed the lease payments for any losses the Rental Company may sustain due to your cancellation of all or part of any order. Customer’s insurance should be on a worldwide basis; shall name the Rental Company as Loss payee for loss or damage to the property rented; shall cover “All Risks” of loss or damage for Equipment ; vehicles physical damage coverage shall include the perils of “Comprehensive” and “Collision” and all policies shall provide for 10 days written notice to the Rental Company before any policy shall be modified or cancelled. Limits shall be sufficient to encompass all property at risk, regardless of source, but in no event less than $1,000,000.00.. Initials 2