Common use of Weekends and Holidays Clause in Contracts

Weekends and Holidays. When on a daily schedule, Customer will be charged the daily rental rate for weekend days and holiday if the Equipment is used. MINIMUM CHARGES There may be minimum rental periods and/or special minimums applicable to Equipment to be used other than locally. RENTAL PAYMENTS DO NOT APLLY TO PURCHASE PRICE Rental payments may not be applied to the purchase price of any Equipment. CANCELLATION PENALTIES The Rental Company shall be entitled to compensation, not to exceed the lease payments for any losses the Rental Company may sustain due to your cancellation of all or part of any order. INSURANCE REQUIRMENTS YOU MUST INSURE ALL OF THE EQUIPMENT. Customer shall, at Customer’s expense, and at all times during the rental, maintain in full force and effect insurance covering all Equipment rented from all sources, for full replacement cost except vehicles which are at actual cash value and for the loss of use (rents) of the Equipment. Coverage must begin from the time Customer or its agents accept delivery of the Equipment and continue until the time the Equipment is returned. Customer shall deliver to the Rental Company, upon request, evidence of the insurance coverage, typically a Certificate of Insurance, satisfactory to the Rental Company, showing Liability Coverage, Property Insurance and Worker’s Compensation Insurance, prior to taking possession of the Equipment. Such insurance shall be written by reputable insurers acceptable to the Rental Company; Customer’s insurers shall agree to be the primary insurers of such equipment during the rental period. Notwithstanding this paragraph, Customer shall remain primarily liable to the Rental Company for full performance under the terms and conditions of the rental contract. The Rental Company may enforce its remedies directly against you without resort to Customer’s insurance. PROPERTY INSURANCE Customer’s insurance should be on a worldwide basis; shall name the Rental Company as Loss payee for loss or damage to the property rented; shall cover “All Risks” of loss or damage for Equipment ; vehicles physical damage coverage shall include the perils of “Comprehensive” and “Collision” and all policies shall provide for 10 days written notice to the Rental Company before any policy shall be modified or cancelled. Limits shall be sufficient to encompass all property at risk, regardless of source, but in no event less than $1,000,000.00.

Weekends and Holidays. When on a daily schedule, Customer will be charged the daily rental rate for weekend days and holiday if the Equipment is used. MINIMUM CHARGES There may be minimum rental periods and/or special minimums applicable to Equipment to be used other than locally. RENTAL PAYMENTS DO NOT APLLY TO PURCHASE PRICE Rental payments may not be applied to the purchase price of any Equipment. CANCELLATION PENALTIES The Rental Company shall be entitled to compensation, not to exceed the lease payments for any losses the Rental Company may sustain due to your cancellation of all or part of any order. INSURANCE REQUIRMENTS YOU MUST INSURE ALL OF THE EQUIPMENT. Customer shall, at Customer’s expense, and at all times during the rental, maintain in full force and effect insurance covering all Equipment rented from all sources, for full replacement cost except vehicles which are at actual cash value and for the loss of use (rents) of the Equipment. Coverage must begin from the time Customer or its agents accept delivery of the Equipment and continue until the time the Equipment is returned. Customer shall deliver to the Rental Company, upon request, evidence of the insurance coverage, typically a Certificate of Insurance, satisfactory to the Rental Company, showing Liability Coverage, Property Insurance and Worker’s Compensation Insurance, prior to taking possession of the Equipment. Such insurance shall be written by reputable insurers acceptable to the Rental Company; Customer’s insurers shall agree to be the primary insurers of such equipment during the rental period. Notwithstanding this paragraph, Customer shall remain primarily liable to the Rental Company for full performance under the terms and conditions of the rental contract. The Rental Company may enforce its remedies directly against you without resort to Customer’s insurance. PROPERTY INSURANCE Customer’s insurance should be on a worldwide basis; shall name the Rental Company as Loss payee for loss or damage to the property rented; shall cover “All Risks” of loss or damage for Equipment ; vehicles physical damage coverage shall include the perils of “Comprehensive” and “Collision” and all policies shall provide for 10 days written notice to the Rental Company before any policy shall be modified or cancelled. Limits shall be sufficient to encompass all property at risk, regardless of source, but in no event less than $1,000,000.00.. Initials 2