HomeMy WebLinkAbout1446 t TERM. 7. RISK OF LOSS OR OAMA(3E.
• • s Agree+Terw stern become efteCtryp and bpi+,nq span commence as d tH6 orate M Lessee at its expense. stall keep Equ•pn>fw good repair and furrusn a++ parts.
+ ~ eptarre Gy t esscx as .rW:cated m the race reereal Itne Crm,+encenrern Uate I nlectanrsm and llev+CeS r@Quer@d therefor Lesse6 assumes the 6nlrre ns? ibs a
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ret~r.! ~•_3Ei rr!!r:
~.:_.e fly? the CgrrY++erKN+*re• t? al U3rrt3ge b E~Ur¢mQ?4- wMtnFr nr ml CrwHrfYt hY i1V.rWP an[f no suc~.r• riS1 s/W)
~••r• errp,ratron O) Itr@ rNYn[Jer O) mrx7trt55 S6I forth on lr+e lace ~ rC++6ve LBSSee d h+s ODlrgat+(Xt5 11@reurd@r 1655@@. at tu5 awn ¢+Pense. Sr ~+1 keeD
.:.++i• i 11 Irises ~s a rer~a+ amount ~nsertea on the tat:e Hared ttvs AgrrHerncw span EQuepn+er>! +nsured due~g the period set bnh r+th6 emrr+eilratety peced.ng Sl+rierete •
• r,•rKrwtrl dut•Ynatrcatly for one year unless Lessee gees t e55:(M wrtten Harts GI M paect all +rMere5t5 d lessor aga+nst all asks d ties or darna~x+ from erery cause
••.~rM!+xr at !east 30 days Galore the E ¦p ratrar hate At !t+e erk7 W the !ern, o+ IH4 whatsoever and for rot bass than the urK7ded t7atarlCe d the laa~ rer+taK PaYaGle
1•r•m~era Lessee at ds sole e+ep:nse snau pror.rx!y return Equyrr,6nt to t essa a! Hereunder or fl04o d the repiacemcw cost d Equ{xr+eru. wrt:cnever es nrgreer. and •n
" , r.dlUr: (leS•g'rateU Gy L 651(x ire lr~ ~anre ..u Ri:iq,ri o~ wit+ ~ .i tail L+r; r+. ~rwctl dUUilrUrr 51 Met (JUll.l,d~tt dUUi N.a.r iO i.vY6i ire: I.dLi.tMr v1 i6SSvr !v: p:.Ci:{ !•dG•Liy S`iY
. ; +rssee rKerrna; wear e,ce/,ttr1 prupeAy en ~rf amourr sateslactory to LC55or Sa+d insurance paa:ees aril the
proceeds there rout d+all be the sole property d Tessa and Lessor snail tie ranerpd as
an ensured +n an said pdeceeS Each pdtey glteu prov,de friar rt wel+ give i essa 30 days.
2 RENTAL PAYMENTS- prior written rwt+ce d the eptlCtaw dale d any a4eraton a cance+lat+on d such party
• 'see vMH pay to lessor clur~r+q tr,e .n:t:a~ and au renewal termis) the rer:tai w Upon Lessor's req+,fest. Lessee s1teM ciMver tt+e pdreees a copes tteered a
~erwa! rental payment .1'npunt st~<=:t~l on the race r,6reot The +:rst rental pnyrt+erN certd,cates of rn5uranCe b Leiser Thp proceeds d wcn insurance, wh6lne: resua+ng
•f~'i lt@ Qbai]E' tiefeweln Ali aver rer+ta+ or :enewa+ rer+tal Pa3n+a+ls St7all De made. from loss pr denage Or retain pterrtivn a ONterwree. stall be aDWed toward the
t~O~t oMSet Or dedYCDpn d arty lord at Lessd s offrG@ en Wt>.te Ptaens• NY un:ess reptacentertt a repay d Equ+prrtec7t or the paytrrertt d obtgateats d Lessee
rnFrw+sa drret.ted n wrftu+y by ~@ssgr, n advance on the t+rSl day d each month d hereunder at the option d leisa- Lessee hereby appglrtts Lessor as rte attorney-n
• • r .n:t+at or arty rertewy taunt!) Lessee ackr+dyvleitgesrhat at a tieMre the @xeCiArofl Tact t0 rtldte cram br, re0sive payment d and eorxute a erdase fill docuty~rMs
' trl.s Agreement b+>f!? the Ci9lt purchase price and the rerltai price (as SOeaf+ed ChetkS_Or drabs Nor loss a der~~ays a return ptetntxn under any uisurance pdrey
• ,,.Pen) tot Equrprnent were goofed b Lessee and an otter made b. respectnely. Sek issued on EQtrlpr*lerN K Lessee lairs to pa?tde a r?asttain said ruurance. in paY any
,'ores f qu•pment la ertner of sclcn pieces charges Or taxes as b E~upmen or b d6Charge any fevtes, liens or enctxr+warioes on
Equiprtttent. Lessor st?aali have the rght, but shall nor be obl to obtan such
Lessee tihar~pey Leaeor
tl~ie ooN Mweol witls flte ~ re
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3. EGU~iIENT.
a) LESSEE HAS SELECTED BOTH EOUIPI+iENT AND THE SUPPLIER NAMED ON
THE FACE HEREOF FROM WHOM LESSOR IS TO PURCHASE EQUIWieENT IN
4iELIAN(.'E HEREON LESSEE AUTHORIZES LESSOR TO INSERT HEREON SERIAL ;
'+UMBERS AND ANY ADDITIONAL INFORMATION DESCRIPTNF OF EQUIPMENT
- ESSOR luLS NOT INSPECTED EQUIPMENT SELECTED BV LESSEE ANO LESSOR DEFAULT. '
•.+AKES NO VYARRANTY• EXPRESS OR IMPLIED. AS TO ANY MATTER WHATSOVER. In the event flat Lessee tads to make payment d any rental Or fitter charges due
'JCLUDING THE CONDITION OF EQUIPMENT, I1S MERCFiIWTABILITY OR ITS hereLertder for a period d fn6 nays from the date due, or in [he evert) d any breat~t d
TNESS FOR ANY PARTICULAR PURPOSE AND AS TO LESSOR. LESSEE LEASES the feints and cond+troru d true Agreern@nt a any other agreenterH. between td+e
• JUIPMENT °AS IS` partrgs hereto. or d any creaA a fibs: rtorrnadon Subrrutled by Lessee b Laesd be
LESSEE ACKNOWLEDGES THAT IT HAS MOCLAIM AGApvST LESSOR Af~D riot true n any materal respect, then. a! the option d Lessor and wrUtout npUpe a
MALI MAKE ANY CIAIM SOLELY AGAIN$7 SUPPLIER tF EQUIPMENT 1S NOT derraM. all rent and other amaxxs then due a thereafter accrtllrg t7ttler (lxs (
• ROPERLY INSTALLED. C#S NOT OPERATE AS REPRESENTED OR WARRANTED Agre@rri@nt snail Decorri@ +mmed+atey due and payabb. and Lessor shat have the
~ SUPPLIER OR IS UNSATISFACTORY FOR ANY REASON LESSEE SHALL. right. b the exten! pemvtted bye law. (a) to reWver all streets SO due hereunder: (b) ro
'.EVERTHELESS. PAY LESSOR ALL RENT PAYABLE UNDER THIS AGREEMENT retake ~nxriedr5te possession of ds Equipment vMt7otlt~
~a~n"y process d taw. and for
cSSCR MAY INCLUDE. AS A CONDITION OF ITS PURCHASE ORpER- THAT such purpose Lessor may enter upon any pem6e5 errrrr7re EQltpfrtefrt may be and
,1PPLIER AGREE THAT ALL WARRANTIES, tF ANY, MADE BV SUPPL.tER TO LESSEE may rer*twe the same t?t¢re!rom vnthout r7d+Ce, vYttteul (ierrtg ratite b LaeSee
R LESSOR MAV 9E ENFORCED 8Y iT IN ITS OWN NAME LESSOR HEREBY therefor. (c) to sell a ease aN a any port+or? d Egtrprnertt• wNt the WN+te9e d
GREES TO ASSIGN TO LESSEE. SOLELY FOR THE PURPOSE OF MAKING AND becomuig the purchaser a lessee thereof. at pubMC or ate sale., upon notice to
ROSPCUTING ANY SAID CLAIM. ALL OF THE RIGHTS WHICH LESSOR HAS i@u@@ and .n a camteruatty reasonable martrter, for cash or t+?aed!t ~n wtndrerent
~:GAIN$T SUPPLrER FOR BREACH OF NWTTAANTY RESPECTING EQUIPMENT Lessor shau apply the proceeds d any wch transaction lens all costs and elrpenies
^.,SOR SHALL HAVE NO RESPONSIBILITY FOR DELAY OR FAILURE TO FRl THE incurred n catrtectron vrlth the reatyery. repair or tdorage d EquprtterN or the trams- '
RDER action rlseil• agarrtSt ant sums dos fteretxtder and Lessee tbt?i>d.' pay any (d)
LESSEE UNDERSTANDS AND AGREES TlL4T NEITHER SUPPLIER. NOR ANY to terrrknate Lessee's ngttts neretxtder as to arty item or Rents d Equtprnertl: (e) b
A' ESMAN. EMPLOYEE OR OTHER AGENT OF SUPPLIER OR SALESMAN EM- p;rsue arty a'+er remedy perrnetted by taw Or @quRy. the above rertted+es, b N+e
• !OYES OR OTHER AGENT OF LESSOR tS AUTHORIZED TO WAIVE OR ALTER ANY extent pemutted by taw, snarl be deemed cunttlabve and matt be e7rerrtt6ed
RM OR CONDITION OF THIS AGREEMENT AND NO tiEPRfSENTATfON AS TO - successne+y a cortaf!rertty. Lesser span not be deemed b have waned arty ngM
• OUIPMENT OR ANY OTHER MATTER BY SUPPLIER. HIS SALESMAN EMPLOYEE Hereunder by the acceptance of overdue payrr+erRS. Wbrver by Lessor d any breach
R OTHER AGENT OR BY LESSOR. ITS SALESMAN. EMPLOYE[ OR OTHER AGENT of any povr5rprt d this Agreement fhr Lessee shall not be deemed a waiver d Ultxe
,ALL IN ANV WAY AFFECT LESSEE'S DUTY TO PAV THE RENT AND PERFORM ITS comp;earx;e therew+ih and such provrsron shah rrsrrtairt n htM idle amd eeect lessee
TNEROBLiGATIONSASSETFORTHINTHISAGREEMENT shall reurburse Lessor b+ anan@ys tees artd aY costs acrd expenses rtan@d •n
LESSEE WARRANTS THAT EQUIPMENT IS LEASED PRIMARILY FOR GUNNER- cortnect+on wRh the eniortxn+erR d any cght a remedy hereuder. H any payrrlen es
'AL ORBUSiNESSUSE. not matte when due hereunder. Lessee shah pay. n aridRan b interest On such
LESSEE HEREBY ACfcNOWLEDGES THAT HE HAS RECEIVED A COPY OF THIS amafrlt a1 fete hghest I@gaMY pernwss+ble rate. as detytquent and filter charges per
'•,;RFFMFN7 THIS AGREEMENT CANNOT BE CANCELLED OR TERMINATED rimed by law
~CEPi AS EXPRESSLY PROVIDED HEREIN
' LESSEE AGREES TO AND DOES HEREBY NDEMNIFY AND HOLD LESSOR
-'ARMLESS AGAINST ALL CLAIMS. COSTS, f_XPENSES. DAMAGE TO PROPERTY
~ND LIABILITIES ON ACCOUNT OF INJURY OR DEATH OF PERSONS. INCLUDING
•~EASONABLE ATTORNEY'S FEES. RESULTING FROM. INCIDENT TO. OR IN
GNNECTION WITH THE POSSESSION, USE. OPERATION OR STORAGE OF A DEPOSIT'
- QUIPMENT DURWG THE PERIOD COMkAENCWG WITH THE DATE OF ACCEP- Arry sun recened t>y lessor. at a poor b Lessor's acceptance hexed- rn excess o+
=':CE THIS AGREEMENT BY LESSOR THROUGH TO AND INCLUDING THE ',^e fuel rental payn•E+r,t and!a any down Daymen! span be held as secunry ant may
=aATION CF THE TERM HEREOF AND DURING SUCH OTHER TIMES AS be apD~ed to the paynrnt and!Gr P6.^•~'"'ar:ce o! ary oG,~gat~n o! t asses .,rider mss
NflEN' Sb,Ai: BE •N ?~E PGSSFSS!ONORCONTROL OP LESSEE AareErnent aanyan¢rayr6emerr!Getvree^~rre9artrsr~eretc
3 TTfLE.
~ ~ Eii~.r;••'E • . 3" 7 4 'rrr,.d= ~ gOr .._?>;@F ag'~ti a. E'7~ p~.e^. S a !1
r• .3 ~ ~ a J t ~ r i..~ ~ a ti7•''J t^at Eq G f'^t' 3 ? (.1n ',F cy?! MISCELLANEOt)S:
! ':'w {p G• 3 ~ t s' .3 .r r ,r. A'+.,t'ar 3raC rEK ~a r. {c~~y t~
{ ~ A ~'w f . 1 e" a' •?'Sd. S .p' ~ r' s - t. 4. •e_tf_•CtS C
.D o•.e r Er ,-ca;' f ~ :a '>e .5 n f[7 aria us a sr ti a .r ~Ge.~. ~ - _ - y
' ~ find not be rernGvec7 th•6!etrpm a^d real Lessee Sn3it r>a sea sec isle t.ne :ew of Ir.e State Q} hew York w,+~•~ • «a, . ~'r;u ate a :~7 :i'4 ~ v,7 E+rrE~t'!6d
'gdg6 assgn transfer .ease S~G~et ~Od^. Da^. w•in po55e15c/) of Or en.;~-Gar !CHa'~le'SS C+ +'+e :i'Of r, wn~Cr rye 5•'; 3. PS Gr ''E Gd.. F d, d .red rp•err,
'crest .r tn~s Agrec+*ren! ;r.e Equ•prrert cr any rserest tnere~n Garr'' • a : ens ! ~ „~P.P erg ees :a' mx. State ~ cps a . ••ts wnrGr s r •e Sta e ~t '•tPw Ycr~
• urges !o becarr,@ e".ect~;e :'erex+ pr ;,6rm t or after-,G: ;o der an c' ne acts sna'+ has~r ore r~s^+e ,u ~sd ct:on . + a!' c ~.'e•s•es and d sp..tes err s ny ^e•e,.•7der
esa4 Lessee well rot rnrsuse o' souse Equ~prnent +~:i• comp y w:in a:! !awe and Lessee Hereby desgrates THs± Pre t e eta+I rurpC"at Or. Syste^ 2
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q .n any way to the use. operat,on cr marHtenance o! Equ;xnent welt oGtaxr and Av¢nue. New York' N Y . a5 rls organ; .y,e GurppSe of accea~ng se r _e o: Grxess
! 'Dice any arm a+t regeuSae :CenSeS and permrl5 w~is anacn aria at a'.! trme5 wdnrn the State d New Yak. such agent 'av rig ;,ndeerla•en to Prar:Ghy n;;!:hy ~E55ee
t a'?•xfd such ~ab6l; as Lesser may direct to snow tr,at Egt:aDrnent :s own6d Gy C! any suCn 5c_,N~ce o! Diocese and !o oro'r:Gny rna,~tp Lessee aEl DrOC ass sG sen'6d
. ~ nFreL;y grams Lessor the rgM to rn5p¢Ct Equipment at arty time. snap opt Lessor may assign r reassgn or grant a sec::^ry uRerest ,r, tnr5 Agree^tin' andlor
g ~ any aneratror:s adort•ons pr ;nprovements to Equ~prre:nt wrtnout the Prra written Equipment. rn whore a a7 part. w?rout Drror nc: ce to LesSC~r' Lessee sea r'y ogn:re
N^• of Lessor and any wnrch may be Trade Shay! :mrnedate:y became the each suds a5s+grxnerx arxl'a secuny merest aria :raft rot assert agarrss the assgrtee
;:;arty of Lessor and sea:. •n mad a!e?y rwnh~ Le55G of any change rn the +ocairon d . and/pr Secured parry and defense COi:nter;:'armi or uNSet flat LeSSee mdy na;e
ace pt business aga+rtst Lessor- and Lessees otrrgat+on to pay err tent and aver soiree due a to
become due Hereunder to Lessor s assgnee enWor secured party shar+ constitute a
d~reCt. indeperYlent. atr..ar.te and uncond~tKxf2: oblyatbn of Lessee b sa4 assignee
5 TAXES- and; or secured party and sf.3+1 nor be affected. ruern.pted a abated nawrmstanduig
7 rectEd by LesSa. Lessee sna~t ferrety pay ati cnarge5 aria tames IFederai. Stale any everts a cirCtxftstar+ce whatsoever Subt6ct thereto. It7rs AgreEvnen; .Hares to the
_ocat) wn:cn may now or h¢reaner be •rT'OOSed a !seep upon iris save. purchase. t>enef R of and +s b+rdrn9 upon the successors and assgns pf the parties Hereto At the
ersn,p, yenta+. IeasKig possession a use of the Equipment. e.c!ud•ng however. au request d Lessor- Lessee snau exec'We earn docu*tents as Lessor sna~i req;ine to
•es based on Lessor s rq;! +ncorne tu~ng a reCOrdrng Lessee auttgr¢es Lessor b tits hrtanCrng statemer7ts syned m!y
by Lessor in a!I IUt:Sd+Ct+pnS where Tiermuted Dy law Airy Horace hereunder Srari De
served t71r reg+stered a certdre4 rtarl, return receepl requeste0 The Agreemrenr coa-
ti. TAANSPORTATItkI- WSTALLATION- tarns the entire Agreerrrertt a! the parties warn respect hereto and rip waver. aaeratxr
• >s piHerw se spec'!•ed rerun trarstxratror and ,nsta.!a!on charges w=tn re or moddicatron tiered shat! De brrtdrr7g unless .n wrAfng and sr9r+ed by the parties
!o Eq+i•DmeHt are riot ~nfir.ded Hereunder and sra~i be separately rnvorced to hereto It more than one party executes th+s Agreerrrent as Lessee, the t,al>,~dy d eac^
' ^ad by Lessee as :Jdt•Ona! rent Hereunder w;trt,n r,.e twsmess days arise such party start De lo+r+t and Several. if ary provr5+ai5 t•.ereof are in cono.ct wqh any
,~,ee ras race+ved an rtern o! Egu:prnent Lessee Hors nor g:ren Lessor wnnen na•ce statute a rule of law n any tunsd,cteon where+n R may sayM b be enlaced. tr+en
defect tnere:n lessee snail be deemed to nave la) ackrowsedge0 receipt of Bard such prpvrsims Shall be deemed Hutt and vo+tl to the extent d suet! conMrU. cwt
. • ;n good cundrt~: arts raper r ar+d !bl accepted •i as satrslack7ry m art respects for YYRtioeA rrNairdahny the remaen:rg Prav~s+or7s Hereof Lessor and Lessee wane any
- ;,•~rpo5es of rn;s Ayr^e•^er! Less:,r so rc T~'sis Lessee ~-a' '.,•n.sH Lessorr a and ant rgM to a roar try Nry m airy act~rt or Droceed:ng re!a!~ng en arty way b ttr5
- •'er Staterneni conf~nn~ng (re r~at!ers stated cal a^d (tit ~re'errtBr!t
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