Initial Rental Term definition
Examples of Initial Rental Term in a sentence
The day the items are picked up by the Lessee is the first day of the Initial Rental Term.
Prior to taking possession of the Equipment, End User may be required to deposit with Zebra (or with the Authorized Reseller), in trust, a security deposit equal to two (2) times the Rental Charges for the Initial Rental Term (the “Security Deposit”) as security for the performance by End User of the terms under the Agreement and for any damages caused to the Equipment during the Rental Term.
Items not returned by the close of the business at the expiration of the Initial Rental Term or any Extended Rental Terms, are subject to further rental charges for the additional minimum periods of one (1) week each (“extended rental term”).
County may use a Purchase Order to offer to obtain use of Product, provided however, if a purchase order is issued, none of its terms and conditions shall supplement, amend, modify or supersede the terms and conditions of this Agreement, nor shall any of its terms be incorporated herein, and it shall not be effective except with respect to Product description, Product quantity, Initial Rental Term, Total Payments, Product location, and the request for the ancillary services.
End User or Authorized Reseller shall issue a purchase order for the Rental Services that binds them to their payment obligations during the Initial Rental Term.
Customer's above obligation shall commence on the date of delivery of the Equipment and shall continue until the Initial Rental Term (or any extension or renewal thereof) of each Schedule expires and the Equipment is returned to Frontier.
At the expiration of the Rental Term, End User shall surrender the Equipment to Zebra (or to Authorized Reseller, as instructed by Zebra) in good condition and working order, ordinary wear and tear excepted, as it was at the commencement of the Initial Rental Term.
Except as otherwise provided in the Schedule or any amendment thereto, Customer or Frontier may terminate the rental at the expiration of the Initial Rental Term by giving the other at least thirty (30) day’s prior written notice of termination.
Production rentals will billed at the price set forth in Lessors Price List as follows: Initial Rental Term (1st week) -20% of full price: First Extended Rental Term (2nd week) -50% of charges for Initial Rental Term: Second Extended Rental Term (3rd week) – 50% of charges for First Extended Rental Term; Third Extended Rental Term (4th week) – no charge/free rental.
A Purchasing Entity may have the option to enter into an Initial Rental Term of 12 or 18 months, based upon the Awarded Vendor’s available options, and at the discretion of the Participating State or Entity.