![]() ![]() Once payment is secured and both Parties execute this Agreement, Lessor will prepare Equipment for transmittal which may take up to twenty-two (22) business days. ![]() Until termination or expiration is commissioned by either Party, the term will continue on a month to month basis.Ĭoncurrently with the execution of this Agreement, Lessee shall submit to the Lessor the Initial Rent Payment along with Freight Payment prior to equipment going into production. The term of this Rental Agreement commences on the Effective Date and will continue for a minimum of six (6) consecutive months, as determined between the Parties. (No return fee will be charged to Lessee) Upon expiration or termination of this Rental Agreement, Lessee agrees that the Equipment will be shipped back to Global Fitness, by Global Fitness in good working condition, ordinary wear and tear excepted. Upon completion of Minimum Rental Period, the Rental Agreement is terminable by Lessee upon submitting a thirty (30) days prior written notice to Lessor in accordance with the notice method listed below. The Lessor hereby rents to Lessee, and Lessee rents from the Lessor, the Equipment for a minimum period of no less than six (6) consecutive months. And the Lessee agrees to lease the Equipment from the Lessor in accordance with the terms set out in this Agreement. The Lessor agrees to lease the Equipment to the Lessee. “Total Loss” means any loss or damage that is not repairable or that would cost more to repair than the market value of the Equipment.“Minimum Rental Period” means a period of six (6) consecutive months.“Initial Rent Payment” means the first months lease payment, to be paid in advance as is all future payments.“Freight Payment” means the nonrefundable, initial cost to ship leased equipment to the Lessee. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |