Equipment Rental Agreement (Lease) Template (Page 5 of 5) in pdf

then, if and to the extent permitted by applicable law. Lessor shall have the right to

exercise any one or more of the following remedies.

(a) To declare the entire amount of rent hereunder immediately due and payable as

to any or all items of the equipment, without notice or demand to Lessee.

(b) To sue for and recover all rents, and other payments, then accrued or thereafter

accruing, with respect to any or all items of he equipment.

notice, or legal process, wherever they may be located. Lessee hereby waives any

and all damages occasioned by such taking of possession. Any said taking of

possession shall not constitute a termination of this lease as to any or all items of

equipment unless Lessor expressly so notifies Lessee in writing.

(d) To terminate this lease as to any or all items of equipment.

(e) To pursue any other remedy at law or in equality.

Notwithstanding any said repossession, or any other action which Lessor may take,

Lessee shall be and remain liable for the full performance of all obligations on the part of

Lessee to be performed under this Lease. All such remedies are cumulative, and may be

exercised concurrently or separately.

16)

NO SUBLETTING ASSIGNMENT. No equipment shall be sublet by Lessee, nor

shall he assign or transfer any interest in this Agreement without written consent of

Lessor. Lessor may assign this Agreement without notice. Subject to the foregoing, this

Agreement inures to the benefit of, and is binding upon, the heirs, successors, and assigns

of the parties hereto.

17)

REMEDIES CUMULATIVE: NO WAIVER; SEVERABILITY. All remedies of

Lessor hereunder are cumulative and may, to the extent permitted by law, be exercised

concurrently or separately, and the exercise of any one remedy shall not be deemed to be

an election of such remedy or to preclude the exercise of any other remedy. No failure on

the part of the Lessor to exercise and no delay in exercising, any right or remedy, hereby

shall operate as a waiver thereof; nor shall any single or partial exercise by Lessor of any

right or remedy hereunder preclude any other or further exercise thereof or the exercise of

any other right or remedy. If any term or provision of this lease is found invalid, it shall

not affect the validity and enforcement of all remaining terms and provisions of this lease.

18)

EXPENSES. Lessee shall pay Lessor all costs and expenses, including attorneys’

fees, incurred by Lessor in exercising any of its rights or remedies hereunder or enforcing

any of the terms, conditions, or provisions hereof.

19)

ENTIRE AGREEMENT. This instrument constitutes the entire agreement

between Lessor and Lessee; and it shall not be amended, altered or changed except by a

written agreement signed by the parties hereto.

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Equipment Rental Agreement – CONSERVATION DISTRICT PROGRAM

Equipment Rental Agreement (Lease) Template Page 5