Strad definition
Examples of Strad in a sentence
Lessee grants Strad authority to file a UCC financing statement to protect its interest in the Equipment.
Lessee consents to a credit investigation and to Strad making inquiries of financial institutions or other parties in a business relationship with Lessee in connection with its credit investigation.
This Contract shall be assignable by Strad to any of its subsidiaries, affiliates or successors without the consent of Purchaser.
Strad shall be entitled to access and inspect the Equipment at any time during normal business hours.
From and after Strad’s Delivery of the Equipment to the Delivery Point, Lessee shall bear all risks of loss or damage to the Equipment until the Equipment is returned to Strad and restored to the same condition as when Delivered to Lessee, ordinary wear and tear excepted.
Notwithstanding the terms and conditions of any other valid pricing agreement in effect between the parties, Strad shall have the option to adjust the pricing as set forth in each Rental Agreement.
Purchaser shall notify Strad of any visible defects, quantity shortages or incorrect product shipments within seven (7) days of receipt of the shipment.
Failure to notify Strad in writing of any visible defects in the products or of quantity shortages or incorrect shipments within such period shall be deemed an unqualified waiver of any rights to return products on the basis of visible defects, shortages or incorrect shipments.
Lessee acknowledges that Rental Fees continue to accrue even if the Equipment is idle or on standby during the Rental Term and for the period required for Strad to return the Equipment to the same condition as when delivered to Lessee, ordinary wear and tear excepted.
Purchaser hereby makes, constitutes, and appoints Strad, with full power of substitution, its true and lawful attorney-in-fact for it and in its name, place, and stead and for its use and benefit, to sign, authenticate, execute, certify, acknowledge, swear to, file and/or record all financing statements, certificates, agreements and other documents which Strad deems necessary in the exercise of its sole discretion to perfect, maintain, continue, terminate or release the security interest(s) granted hereby.