Common use of Vehicle Return Clause in Contracts

Vehicle Return. Unless you choose to purchase the Vehicle, you agree that upon Lease termination, either early or scheduled, you must return the Vehicle to the place we will specify. You also agree following vehicle return to pay your termination liability as figured in paragraph 16 or 17, whichever is applicable. If you do not return the Vehicle to us at scheduled termination as required, you will pay us an additional monthly payment for each month or portion of a month you keep the Vehicle. You also realize that you are not entitled to keep the Vehicle after the end of the Lease Term and that any retention of the Vehicle beyond the end of the Lease Term without our consent is a default under the Lease.

Appears in 4 contracts

Samples: Motor Vehicle Lease Agreement, Motor Vehicle Lease Agreement, Motor Vehicle Lease Agreement

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