Lease Holder definition
Examples of Lease Holder in a sentence
After assessment of the damage of the returned Equipment, Lessor will send the estimated repair cost to Lease Holder for approval before completing the repair or replacement or a confirmation that the Loss and Damage Waiver Program applies as defined in point 9.2 for the Equipment only.
The Lease Holder will thereupon submit to Lessor a Loss/Damage Form (Schedule B) via e-mail which will be reviewed by the Scanner Inventory Specialist.
Lease Holder assumes all risk of loss (including theft) or damage of the Equipment, Pharmanex Scanner Application and any accessories, except for reasonable wear and tear and depreciation resulting from authorised use thereof.
The Agreement will end on the last day of the thirty (30) days’ notice, however, all the unsettled claims, payments, compensations due lawfully to Lease Holder and obligations that subsist irrespective of the termination notice based on the contractual relationship, shall remain enforceable.
Any failure by Lease Holder to do any of the foregoing shall constitute a material breach of this Agreement.
This Agreement has been signed and executed in duplicate and ▇▇▇▇▇▇ and Lease Holder have received one copy each.
In addition to any other remedies available to Lessor under this Agreement or applicable law, the Equipment will automatically prohibit any new scans if Lease Holder fails to ensure the synchronisation at least once every fourteen (14) days.
The Lease Holder shall comply with the Pharmanex Scanner Application software updates and/or Content Updates from time to time that is published and notified by Lessor during the term of this Agreement to ensure working effectively.
VAT of loss or damage or the amount of the repair, which amount Lease Holder hereby authorises ▇▇▇▇▇▇ to charge to ▇▇▇▇▇ ▇▇▇▇▇▇’s credit card on a case by case basis.
The costs will be charged through the credit card provided by the Lease Holder on a case-by-case basis followed by an invoice, except if the provisions set out in 9.2 apply.