Common use of Hardware Return Clause in Contracts

Hardware Return. 6.1 Hardware (or any replacement part or other component thereof) shall be returned to Supplier on termination of the Supply Order or where rejected or replaced pursuant to these terms only if UBS confirms that no UBS Data is stored on such Hardware and that it can be returned. 6.2 Where any UBS Data is stored on any such Hardware (or parts thereof), UBS shall be entitled to retain and dispose of the Hardware without further obligation to Supplier. 6.3 Where UBS confirms that Hardware (or any part thereof) is returnable to Supplier pursuant to clause 6.1 above, then: (a) Supplier shall within 10 Working Days of the effective date of termination, date of replacement or date of UBS’s rejection notification to Supplier (as the case may be), arrange collection of the Hardware without delay, unless UBS has notified Supplier that it will return such Hardware to Supplier itself; (b) such collection or return of Hardware shall be at Supplier’s risk and expense and Supplier shall reimburse UBS in full for all or a portion (as applicable) of the associated pre-paid Charges and for any costs incurred by UBS attributable to such return or any replacement; and (c) Supplier shall be responsible for the treatment, recovery, recycling and/or disposal of any Hardware (or parts thereof) supplied by it, at all times operating in an environmentally sound way and in compliance with all Applicable Laws and Industry Standards. 6.4 If Supplier has not collected such Hardware within 30 days of either the effective date of termination, date of replacement or the date of UBS’s rejection notification to Supplier (as the case may be), UBS shall be entitled to use or dispose of the Hardware without further obligation to Supplier.