HomeMy WebLinkAbout1420 ~~f~~~ ADDRIONAI TERMS AND ~ONDITIONS . . .
rcntal payments attributa S t, lasor shall, at ~II roacrmabk tiR~es, hare the right to inspect the EQuipment.
C. to n~vori ~d ~ar ro n~ apvrovr~~e ra~~ ~,rhoritr anr and a~i ta~a t~xl~a~r~ anaih ana inreresr. ~t anr~ assascd a~ins~ sail e~~?enr or ?he ormash~. ~urd~ase,
rcntal w use ~hercoi, an~ to reimbuae tessa a its assiyns upon rcteipl oF wrii~~n repuest for re'imbwsemmt, fe~ aM tua usasd ~st lasor e~ its assiq~ b~
~easoa of the oienaship, purc~se, rcnlal a use d s~ii equipmait. a b~ ~ of less~s s~le thaeof to anr thud parry, d stich sak diaio~res tMe necasir~ of par~n~
tax on the ornaship, purchase, ~tal a use of s~id Aquipmait. :
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D. If an~ nntal i~ not witl~in tcn (i01 da~s,aFta due ~te, to p~y ~ ute tharqe of fire cents ISCI pa dollar on, and in ~ddition to, Ihe aawirit of such rrntal but nof
excading the law mainaium, if a~. lasee ~giees to proeipN~ notii~ la;or of ar.y loss oF a danwge to the Equ'~pnknt. '
E. To kcep the fquipmait at the addras specified oe the tererse liaeuf and not to rcaare all or an~ part of the Equ'~pmp~t Iherefrom rrithout the lessoi s pria rriltrn cor~ait.
lassee shall not assign, s~ler or MpoMeca~e any of rhe Eouipma~r kased herwnder or ani inrercsr ~ rha kase, an1 anp attaopt b de so shall ceaslitute aa xt of
default hertundtr and suth uiiqm~ent, sublease w hnotba,~fion shall be rdd and rithout effett.
F. lasce sfiall, ii at any tune requesled to do so by Leua, af~uc in a proiainent position plata, taqs, a othK idrnlif~ing labels showing ornaship of the Equipmait b~ lessa.
III. TNE ~A111ES INilll~ll AqEE~=- A. T6at tbe Eq~ipMCnt sf+all at all tima ranain personal p~opertp of Lessor re4ardkss of the degne of its ame:atan to tbe nal
properry and that the Equ'~qaent sh~ll not by rcason of anr amexation to penonal properry become a part Maeof. Time is ef the essarce ba~of. .
B. ih~t Equipment sb~ll be shipped duatl~ fran the Suppliu tbarof, to the Lasa.lbe taxe agrees to acceot wch sh'ipmait and the putia aqree Ma? Meir riqhts aid
obligatians w~der Mis ~gree~nent sM~A no~ be aihcted b1 an~ dela~? in shipnidit s~ the Supp~ier'caused y circumsrances eere~ ~ts ceniro~. ~ndo~ wr not ra~+re~ ro,
Acfs ef 60~, fire, &ol. Mar, gorermiait rcgulatiais, d'ucctiais a reques~, a~tidents a laba troubk. LGSSee furtlia ~rees tkaf lasor shaq not k IiiWe fa an~ ~lass or
d~age b),roaiawoF del~.jp ,~pipincnfc~yed bf any ~f the forcqoig drcueista~ca. ~
_C, ~leisor nay assign a ot6arrise ~ this lease aid Me reM dne a b 6eceme due thaarida aad rhai so assigned a transhired it shall k free of an~ camtuclaim,
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` oiFset, defense a aoss co~ap~~~~inst wch assiqnee, lessce raaning such remedies hKC+rda solely ~gainst the leuer. The term "lessor" wbaera used in this
kase le~cePt for purposa ef H+is para~aph C ef Artick IIII indnda lesse~s saccasoa aai usi~s.
D. lasee aqras that lessa shaU net ~ei~ rapa~s~k fK anr loss a danwge to lessa, its aslomas, a any third partia, cauted br fadure oi the E~'ipment co~end b~ ,
this Itase to funttion in whale ot i~ p~i, lessu sball 'wdmnif~ lessor againsl, and_ ho!d lessor humkss from anr and all claims, actions, wits, praeedings, tosts, expmsa, ~
dsn~aga and I'iabilitia, including attome~s tea, arising out of, connected with or rcsulting fram the Eq~ripmait. ir~dnd'mg without limitation tbe marwfactyrc, ulection, '
delncr~,,possasion_ uu. opaation or ntum of the Eqirpmml. In the erent oF damage to or loss, scueYron, datruction or tneft of Ihe Equipmmf or an~ of it, whether in t
wlwk a in part, l~ssee w~l paj to Lasor the full rahie of the EQuipmait at the time of wch acwrence, escept to the e:tent thal leua rete'na proceeds of inwrence ~
corering s~id~ Equipment. Su~h pa~a~at nar, it las~rs option, 6e appGea lil to repair or rcpl~ce,wtb ~t a('nl to at(ord lasa a pro rata reductien in the ra~t~l
~iomis ithiktabk to the lost a dapiaq~ [~r~ent. •
E. Upon tamination of this teau b~ exp~ation oi the terai hereof a of a~ tmewal er extension or-uoan lam+~ation for a~ other cause, lessee w~l, al its o~m cost and e~paae, .
promptl~ rotum Equipa~ent to Lessor ~t an addtqss spaified br tesser, a~same conditioa as rtteired, reasunabk w~x a1d teu and iarawl de~recWt~on aceptod.
F. If laue brcaches ih obligation to par rcnt rl~en due and fails to cure said bhach rithin 10 da~s or if lessee b~wclKS any of 1he other terms hereof, or if lessce becomes •
il~hept ot teasa to do businas as a qoing concem, if the Equipmrnt or anr part of it be abuscd, ilkgallr used, or miwsed, a if lessee maka an assigmient for the ~
• ba~efit of uditprs, o~ if a.pe?ition in bankruptq a for arrange~nent er reorganiiation be fikd br a agauut Lasa, a propat~r of lessce be attadrcd a a recener k•
I ~~ppanfed for tessee or am of lessee s properry or wharcra lasor mar dcem the rentals a Equipmait inseuue, the rentals haan desuibed slwll a1 the optian oF lasor
, and ~riN?out notKe 6e accdaated and become due and ~ble farl6vritr, and Lasee ~ aulborita Lessor to rnte~ with a rithoul kgal protas any pranius whae -
the Equip~oad ma~ be and take possession thereof. lasa wll upon default at rcquat of lessor assembk the Equipmail ard make the Equipment arailabk to the lasor, '
ie xhok or in parf as rc~uested, at wch ptace a placa da"gnated b~ the Lasor as are reasonaby comenient ta beih leuee ~d lessor. To the ecienl not forbidden by
law, lasor mar, but shall nof Ee required to, sdl the Equ'ipmmt af prirale or publ'K sak, in b~k or in parcels, MiM or wilhout nofitt, without har'~ng the Equipmait
preseni at the place oi sale, and lasor ma~ bid and pnrchase; o~ tasa mar, buf shall not be required to, lease or othawise fiispose of aN a part of the Equiqnent. The
roc of sak lease a othe? d' ition if an shall first be lied to aN costs ard and ei incwred in tak' , remorin , hol~ing, repairing and sdling,
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kasing a oMaxiu disposing of the Equipment; then, to par all sums remain'ng unpaid hereon wMch shall include the unpaid rcnts for ihe balance of the initial term of
this lease. lessee agrees to pay anr deficiencr forlh~rith. Intaest aRa accekration shall be at the rate of 1/30th of 1y. per dar but not to aceed ihe ma:irtwm lawful
rote. All ranedia haein are arnuWtne and a~r or all thaeof mar be exatised in lieu of or in addifion to, any remedia af Wa, in equiry, a unda statule. lasee rraires
demmd of paformance and notia of sak or otlkr d'isposition, lasa raires place oF sale a otircr ~isposition and manner ard Q{ace of adrertising. If aFter defaidt this
leue is placed in the hands of an attaney for collecYron of unpaid renf or cniorcemen~ of art~ other right or ranedy of lasor, ltssee shaN paY rcasonabk attome~i fees
[henh percent 120X1 of 1he nntal then remaining unpaid, or of the rahie of the Epu'pniait, wfiicherer is greater,. if such attomen ha arc permitted b~ lar, or if pro-
hibitod by lar wch lasa sum as may be permitttd). Wana of any deFault s~.all not be a rraira oF am otfKr or subsequait default.
6. For the sok purpose of resohieg an~ proWem oi conflkt of la,rs rith rapect to filing or recording hercof, it is declared and agreed that Mis kase shall be dcemed to be
efhctire whrn the Equiqnmt is delirercd at the addras speciPied on the reverse hereof and that q~eslions of fil'uig a recadmg shall be determined b~ the law oi
wch place. lasa agrees to aecute any instnrnmt necasary fo filing or rccord'ing this agreanent upon requat from lessa.
H. This lease sball not be b'riding on lasor untit Gcecnted b~ an authorited offica or managa of lasor.
I. Afta ih initial term, tha Iwse may, upon requat made by tessee at least thirh 1301 dan beforc the expiration of the initial term a an~ renewal tam and if agrcwWe
to lasor as i~icated by its written consrnt be rer~rred eadi year fa a tam of one ~w~, at the renewal rcntal spaified on the rereru side hereof, payabk in adrance,
and otlierrise u~on tfie tetms and conditiaK hrnwf.
1. An~ prorision herein contained rhich mar he inralid under applicab{e lar, or anr gorernmmtal Nle ot rtqutation shall be dtemed omitttA, modfied or altercA to conform therelo.
K. Upan e:ewtion of this lease, lasor Nill frcat tha Ira~actan fa tat purposa in accordance Mith Intanal Rerenue Ruling 55-SIO.
l. lasor is haeb~ auMorized, at laso~s option, to irae?t herein tfie serial numbers of the Equ'p~nmt and othu idmfifjng marks a similar information.
M. An~ alterations or modificatwns rrith rapect to the Eauipmdil Ifiat mar at ar~ time during the initial tam of this lease, or anr renewal tam, be required to tompl~ wilh
an~ appl'icabk la~ a xyr gorermKntal nik or regulation shaN be at the expmse of the lessee.
N. In cau of failurc of lessee to coa~py Mith art~ proraron of this kase, lasor shall hare the right, but sfiall rat be obli~ated, to effect wch compliance in rhde or in part
and aN moners spent b~, and eipensa of, Lasor sl~t be paid br leuee forthwith and sl~all beM inFaest at the rate of 1/30th of 1 y. per day bnt rat to exceed the
maxim~as (~rtul rate if not so paid less~s ef(ectiig wch coaqliance shap not k ~ raira of the Lessee's default. AN sucfi moneys spat b~, ~nd expmses oF, lessa and
an~ othu obligation aswmed or incurred b~ Lasor in effecting such compliance, shall cor~stitute additional rrnt parabk to Lasa rith the next reatal parmrnt.
0. All riqhts and ranedies 6erein tonta"ned are tunwlatne and not alturwtirt, and L~sor shall also be entitkd to all otha rights and r~e~es alle~ed a1 bw a in equit~.
P. IESSEE tlNiE1SiANlt ANI A6AER TNAT lESS9A MAIfES NO AErtRENiATIOM M MAAAANIy Af ANI I(INY, EXPAESS OA IMILIEI, ~TN AES~EtT T9 TNE E~UIPMENI. IT
IS DNIEIST001 ANI A6AEE1 i1AT NO wA1RANT1 IS T! IE IMrlIf1 MID tESPE~T T0 TME CONIITION OF TNE EflUIPMENT, ITS MEICNANTA11LIiY, TME FITNESS Of TIE
EQdtPMElli FOR A ~IRTICGlA1 P9tPOSE. ~/11M IESrEtT T6INFRINiEMENT 01 TAE UIE. N6TMINi AEIEIN CONTAINEI SWl EE ~ONSTIUEI AS IE~InN6 TAE
LESSEE Of ~NATE~D AICITS, If AN?, IESSEE MA1 IU1E AiAINS1 DE SIr1Uq IF TNE E~YIPiIENT.
Q. lasor and lasa rane all riqht to trial b~ juR in ~ litigatian xainq herefron or in rdation haeto.
R That all notices rtquired to be giren b~ lessee haaxider shall be daned ade~uateh qhen if senl b~ :eqistered a catfiied ma~ to lasor at address of lessa
stated herta, a ~t wch otha plxe as lasor may lesignite.
S. This kase and anr adddidun thaeto attathed and signed b~ the parfies constitutes tbe entire aqreemmf of the partia with rapett to the wbjat matta haeof. No
agent a aa~lora of 1be Supplia is authorized to b'rd lasor to this le~se, t~ raire a ~Ita ary tenn a cadition printed haein a add anr proris'an haeto.
No variation or modificatio ~+this ~t a~d no waiver of anp of its provisions or~
cor.ditions shall be valid ~~s~ in w1ti~~'~nd ~a n~ Les d Lessee.
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