Returned Checks. If the Lessor has indicated that a check can be submitted for payment then, it would be wise to account for a possibility of a check being returned for insufficient funds. This can result in additional banking charges and many Equipment Lessors will require that the Lessee honor the obligation of paying such charges. A penalty charge for each check (even online) that is returned for lack of funds should be documented in the seventh article as a precaution to protect the Lessor. VIII. Security Deposit (13)
Appears in 12 contracts
Samples: Equipment Rental Contract Agreement, Equipment Lease Purchase Agreement, Machinery Lease Agreement
Returned Checks. If the Lessor has indicated that a check can be submitted for payment then, it would be wise to account for a possibility of a check being returned for insufficient funds. This can result in additional banking charges and many Equipment Lessors will require that the Lessee honor the obligation of paying such charges. A penalty charge for each check (even online) that is returned for lack of funds should be documented in the seventh article as a precaution to protect the Lessor. VIII. Security Deposit (13).
Appears in 6 contracts
Samples: Equipment Lease Purchase Agreement, static1.squarespace.com, static1.squarespace.com
Returned Checks. If the Lessor has indicated that a check can be submitted for payment then, it would be wise to account for a possibility of a check being returned for insufficient funds. This can result in additional banking charges and many Equipment Lessors will require that the Lessee honor the obligation of paying such charges. A penalty charge for each check (even online) that is returned for lack of funds should be documented in the seventh article as a precaution to protect the Lessor. VIII. Security Deposit (13).
Appears in 2 contracts
Samples: Machine Rental Agreement, Basic Equipment Rental Agreement
Returned Checks. If the Lessor has indicated that a check can be submitted for payment then, it would be wise to account for a possibility of a check being returned for insufficient funds. This can result in additional banking charges and many Equipment Lessors will require that the Lessee honor the obligation of paying such charges. A penalty charge for each check (even online) that is returned for lack of funds should be documented in the seventh article as a precaution to protect the Lessor. VIII. Security Deposit (13)Deposit
Appears in 1 contract
Samples: Equipment Rental Agreement
