Common use of Equipment Procurement Clause in Contracts

Equipment Procurement. Customer can procure the required Equipment through one of the following methods: Purchase through LightEdge: Customer can purchase compatible Equipment directly from LightEdge. Customer shall be sole owner of Equipment and is responsible for all lifecycle responsibilities of Equipment. Additional terms are set forth in the Customer’s Master Service Agreement. Lease through LightEdge: Customer can lease compatible gear through LightEdge. Leasing terms and payments will be made through a 3rd party leasing entity. Customer must qualify for this option based on terms defined by leasing entity. Customer shall be sole owner of Equipment and is responsible for all lifecycle responsibilities of Equipment. Additional terms are set forth in the Customer’s Master Service Agreement. Rent through LightEdge: Customer can rent compatible gear directly from LightEdge. LightEdge will remain sole owner of equipment and will be responsible for all lifecycle responsibilities of Equipment. Additional terms are set forth in the Customer’s Master Service Agreement. “Bring your own”: Customer can provide compatible gear to LightEdge for use in terminating Service. LightEdge reserves the right to refuse use of such Equipment even if such Equipment meets compatibility requirements as defined by LightEdge. Customer shall remain sole owner of Equipment and will remain responsible for all lifecycle responsibilities of Equipment.