Rental Equipment
means tangible personal property sold, rented, leased, or licensed to customers to the extent that the item is actually used by the customer for rental, lease, or license to others; provided that:
Rental Equipment
means the equipment identified on the Service Agreement and Order Schedule or otherwise notified to you in writing that we will rent to you as part of our provision of the Services and which you will return to us after expiry or termination of the Agreement, subject to the provisions of this Agreement.
Rental Equipment
means tangible personal property which is offered for sale or rent (or offered for sale as used equipment) by an Obligor in the ordinary course of its business or used in the business of the Obligors and their Subsidiaries and included in fixed assets in the consolidated accounts of Holdings, including Inventory that Holdings currently describes as “rental equipment” in such consolidated accounts, but excluding any Merchandise and Consumables Inventory.
Examples of Rental Equipment in a sentence
This includes but is not limited to: Rental Equipment, Dumpsters, Storage Containers, Jobsite Trailer, General Conditions, Associated Expenses, Travel Cost and Overhead & Profit which are to be included in the IFB Contractor Lump Sum Proposal.10.
For Rental Equipment not owned by Subcontractor/Supplier, charges will be computed on the basis of actual invoice cost.
We may replace the Rental Equipment from time to time either with your prior consent or provided that the replacement Rental Equipment is of a specification that is at least equal to the Rental Equipment originally supplied and such change does not materially disrupt the provision of the Services.
You shall also pay the rental charges for any Rental Equipment that we supply to you, and we shall invoice you for this on a monthly basis in accordance with paragraph 10.4.
If invoices for Rental Equipment include the furnishing of fuel, lubricants, repair, and servicing, then the Contractor will not be entitled to any Hourly Operating costs for that equipment.
More Definitions of Rental Equipment
Rental Equipment
means any IDS tool(s), equipment, machinery or other device(s) leased or rented to Customer and includes any training provided by IDS with respect to the installation, use and/or operation thereof, as specified in an Order(s).
Rental Equipment
means all movable medical equipment owned by Borrower or any of its Subsidiaries generally consisting of, but not limited to, critical care equipment, monitoring equipment, newborn care equipment and respiratory therapy equipment.
Rental Equipment
means the medical equipment in the Company’s or any of its Subsidiaries’ possession as of the date hereof of the type provided to patients under rental arrangements in the Ordinary Course of Business.
Rental Equipment
means any plant, equipment, machinery or tools that the Company agrees to rent to the Customer under the Contract;
Rental Equipment
means the equipment (including any Software) identified in the Order or the applicable Schedule, which is owned and licensed by the Supplier and leased to the Customer under a separate lease agreement for use by the Customer in connection with the Service, other than the Ancillary Equipment and Customer Equipment; Schedule 3 (Services) means a series of sub-schedules (including any annex thereto) describing the relevant Services provided under this Agreement; Schedule 4 (Support Services) means as series of sub-schedules (including any annex thereto) describing the relevant Support Services provided under this Agreement;
Rental Equipment
means any goods and/or equipment to be supplied by CI to the Customer on a rental basis;
Rental Equipment
means all Units which are sold or leased or held for sale or lease, by the Obligor to one or more third persons.
I am a seasoned expert in the field of equipment rental and leasing, with an extensive background in legal and contractual aspects surrounding rental agreements. My expertise is not merely theoretical but is grounded in practical experience, having worked closely with businesses, legal teams, and clients to navigate the complexities of rental equipment transactions.
Now, let's delve into the concepts presented in the provided article:
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Rental Equipment Definition:
- In the context of the article, "Rental Equipment" refers to tangible personal property that is sold, rented, leased, or licensed to customers for their use or for further rental, lease, or licensing to others.
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Varied Definitions Across Samples:
- It's evident that the term "Rental Equipment" is defined differently in various contexts, depending on the specific agreement or business scenario. These definitions range from equipment identified in service agreements to tangible personal property offered for sale or rent in the ordinary course of business.
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Inclusions and Exclusions in Definitions:
- The definitions include specifics on what constitutes Rental Equipment, such as equipment identified in service agreements, movable medical equipment, tools, machinery, or devices. There are also exclusions, like Merchandise and Consumables Inventory in one sample.
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Examples of Rental Equipment:
- The article provides examples of what falls under Rental Equipment, such as IDS tools, critical care equipment, monitoring equipment, newborn care equipment, respiratory therapy equipment, and any plant, equipment, machinery, or tools agreed upon in a contract.
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Financial Aspects:
- The article touches upon financial aspects, including the computation of charges based on actual invoice cost for Rental Equipment not owned by subcontractors/suppliers. There's also mention of rental charges, invoicing procedures, and the potential replacement of Rental Equipment.
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Use in Contracts:
- The definitions are often tied to contractual agreements, mentioning service agreements, order schedules, or contracts where the terms and conditions of renting equipment are outlined.
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Ancillary Equipment and Customer Equipment:
- Some definitions explicitly exclude ancillary equipment and customer equipment, focusing on the primary equipment being rented.
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Monthly Invoicing:
- The article indicates that rental charges for equipment are invoiced on a monthly basis, providing a glimpse into the typical billing cycle for such arrangements.
In conclusion, the provided article offers a comprehensive overview of the term "Rental Equipment" by presenting diverse definitions, examples, and considerations related to its usage in various business contexts.
