2012-01-25 CC Packet - Laserfiche WebLink

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SECTION SIX LESSOR'S INSPECTION Lessor shall have the right at any time during normal business hours to inspect and examine the Equipment to insure compliance by Lessee with its obligations under this Lease Agreement and its obligations under the law. SECTION SEVEN USE OF EQUIPMENT During the term of this Lease Agreement, Lessee agrees to use the Equipment carefully and in a manner contemplated by the manufacturer to insure that the Equipment will remain usable during its entire economic life. Lessee agrees to comply with all laws, ordinances, or regulations relating to the use, operation, or maintenance of the Equipment. SECTION EIGHT REPAIRS Lessee agrees, at its sole cost and expense, to keep the Equipment in good repair, condition, and working order, reasonable wear and tear excepted, and to furnish any and all parts, mechanisms, and devices needed to repair the Equipment so as to keep the Equipment in good mechanical and working order. SECTION NINE ALTERATIONS Lessee shall not make any alterations, additions, or improvements to the Equipment without Lessor's prior written consent. SECTION TEN LOSS AND DAMAGE Lessee assumes and shall bear the entire risk of loss, damage to, theft or destruction of the Equipment, from any and every cause whatsoever. Lessee's obligations with respect to such loss or damage shall commence at the time the trailer is picked up at 7087 20 Avenue, Centerville, and shall end when the Equipment is returned to that address at the end of the lease term and during any period when the lease is suspended as indicated in Section Sixteen. SECTION ELEVEN INSURANCE Lessee, at its sole cost and expense, shall procure and maintain (a) insurance covering the risk of physical damage to the Equipment, and (b) public liability and property damage insurance in amounts typically procured by Lessee. 2 11