Common use of Return of the Equipment Clause in Contracts

Return of the Equipment. Penalty Charges: In any case of termination, as stated in paragraphs (a) and (b) above, the State shall return the Equipment, along with all repair and other related records, in good operating condition (i.e., in a condition equal to the condition of the Equipment as when it was originally delivered to the State subject to normal wear, tear and usage) to the Contractor, at the State’s sole cost and expense, at a location to be mutually agreed upon.

Appears in 18 contracts

Samples: Financing Agreement, Master Replacement Bus Financing Agreement, Master Replacement Bus Financing Agreement

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