Common use of Payment and Terms Clause in Contracts

Payment and Terms. Customer acknowledges that the rental fee for the specified period is the Total amount set out on the last page of the Estimate. Fees will not be prorated on an earlier return of the Equipment. Unless otherwise stated on the Estimate, all rental payments are due and payable on the expiration of the Rental Term, or, in the event of a Rental Term of longer than one week, on a weekly basis on the Friday of each week.