RENTAL OF EQUIPMENT AND PAYMENT Sample Clauses
The 'Rental of Equipment and Payment' clause defines the terms under which equipment is provided for use and the associated payment obligations. It typically outlines the types of equipment being rented, the duration of the rental period, and the schedule and method for making payments, such as monthly installments or lump sums. This clause ensures both parties understand their responsibilities regarding the use of the equipment and the timely payment for its rental, thereby reducing the risk of disputes over payment or equipment misuse.
RENTAL OF EQUIPMENT AND PAYMENT. This is a rental of the equipment, vehicles, accessories, and attachments described on the Rental Agreement (the “Equipment” and may be referred to as “goods”) by Western States Equipment Company, an Idaho corporation, or its affiliates ("WSECO") to Customer under the terms and conditions specified herein. Customer, together with WSECO, the “Parties,” and each a “Party”.