Equipment replacement definition
Examples of Equipment replacement in a sentence
In case of an alert, Leaseweb analyses the Incident and initiates replacement of defect equipment within the Equipment Replacement Time of the applicable Service Level.
If for any reason whatsoever this License shall be terminated in whole or in part by operation of law or otherwise except as specifically provided herein, User nonetheless agrees without limitation of the other rights or remedies of IHUB hereunder to promptly return the Equipment to IHUB or, if the User fails to do so or the Equipment so returned is damaged or destroyed beyond repair, pay to IHUB the Equipment Replacement Value as provided in Section 3(d) hereof.
User shall bear the entire risk of loss, theft, damage or destruction of the Equipment from any cause whatsoever, and no loss, theft, damage or destruction of the Equipment shall relieve User of its obligation to pay IHUB the Equipment Replacement Value or to comply with any other obligation under this License Agreement.