Common use of Return Option Clause in Contracts

Return Option. In the event Lessee fails to exercise the renewal or purchase option referred to above, Lessee shall return all (but not less than all) of the Equipment pursuant to the terms of Agreement and the applicable Schedule, including, without limitation, any and all return conditions. Lessee agrees that if it elects to return the equipment for the first Schedule, Lessee shall be deemed to have elected to return all other Schedules under this Agreement in which General Electric Capital Corporation is the "Lessor". Lessee shall be charged a 5% restocking fee upon return of the equipment. The following is substituted in place of Section 17 of the Lease:

Return Option. In the event Lessee fails to exercise the renewal or -- --------------- purchase option referred to above, Lessee shall return all (but not less than all) of the Equipment pursuant to the terms of Agreement and the applicable Schedule, including, without limitation, any and all return conditions. Lessee agrees that if it elects to return the equipment for the first Schedule, Lessee shall be deemed to have elected to return all other Schedules under this Agreement in which General Electric Capital Corporation is the "Lessor". Lessee shall be charged a 5% restocking fee upon return of the equipment. The following is substituted in place of Section 17 of the Lease:.