TERM; TERMINATION
Term. This Agreement commences and expires on the dates specified in the Order Form (the “Term”).
Termination. Either party may terminate this Agreement upon written notice to the other party if the other party materially breaches this Agreement, and such breach is incapable of cure, or with respect to a material breach capable of cure, the breaching party does not cure such breach within thirty (30) days after receipt of written notice of such breach.
Effects of Termination. Upon the effective date of termination of this Agreement for any reason, all rights and duties of the parties toward each other will expire, except: (i) Client will pay Provider all amounts owed but not paid for the rental Equipment rendered through the effective date of expiration or termination; (ii) unless otherwise set forth on the Order Form, Client will return the Equipment to the location designated by Provider; and (iii) Sections titled “Repair and Maintenance of Equipment,” “Ownership of Equipment,” “Indemnification,” and “Limitation of Liability” will survive. If Client fails to return the Equipment to Provider upon the expiration or termination of this Agreement, Client will be liable to Provider for (i) any unpaid amounts owed; (ii) the market value of the Equipment at the end of the Term; and (iii) an additional 10% of the market value of the Equipment at the end of the term.
LIMITED WARRANTY; DISCLAIMER. PROVIDER WARRANTS THAT (I) PROVIDER HAS THE RIGHT TO LEASE THE EQUIPMENT ACCORDING WITH THESE TERMS; AND (II) THE EQUIPMENT IS IN GOOD WORKING ORDER AND GOOD CONDITION UPON DELIVERY. PROVIDER (A) MAKES NO WARRANTIES EXCEPT FOR AS SET OUT ABOVE; AND (B) DISCLAIMS ALL OTHER WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, QUALITY, ACCURACY, AND TITLE. PROVIDER’S SOLE AND EXCLUSIVE LIABILITY AND CLIENT’S SOLE AND EXCLUSIVE REMEDY FOR BREACH OF THE LIMITED WARRANTY SET OUT IN THIS SECTION WILL BE REPLACEMENT OF THE EQUIPMENT BY PROVIDER. CLIENT MUST ALLEGE A BREACH OF SUCH WARRANTY WITHIN THIRTY (30) DAYS OF PERFORMANCE TO RECEIVE SUCH REPLACEMENT.
OWNERSHIP OF EQUIPMENT. The Equipment is the property of Provider and will remain the property of Provider. Client will not encumber the Equipment as a security interest in any manner and keep the Equipment free and clear from any and all attachments, levees, encumbrances, and liens.
INDEMNIFICATION. Client will indemnify, defend and hold harmless Provider and its officers, directors, employees and agents from and against all taxes, losses, damages, liabilities, costs and expenses (including attorneys’ fees and other legal expenses) from any actual or threatened third-party claim in connection with or arising directly or indirectly from (i) bodily injury, death of any person, or damage to real or tangible personal property resulting from Client’s failure to perform Client Obligations or from the willful, fraudulent, negligent, or other acts or omissions of Client; and (ii) Provider’s rental of Equipment or Client’s use of the Equipment under this Agreement, except to the extent that such claim is based on Provider’s breach of this Agreement, negligence or misconduct.