Failure to Return Equipment. If after ten (10) days from cancellation or termination of service, the Equipment has not been returned to the Company, then you will be assessed a late charge of five dollars ($5.00) per day. If after twenty (20) days from cancellation or termination of service, the Equipment has not been returned to the Company, you may be charged for the full cost of the Equipment. If the Company is required to initiate legal action to recover the replacement cost of Equipment or, at its option, to recover the Equipment itself, then you will be liable for collection costs and/or for any reasonable attorneys’ fees, expenses and court costs incurred by the Company in bringing legal action.
Appears in 2 contracts
Sources: Equipment Agreement, Equipment Agreement