Common use of Return Condition Clause in Contracts

Return Condition. Upon the expiration or termination of this Lease, Lessee shall, at Lessee’s sole cost and expense, demobilize and prepare the Equipment for return to Lessor. The Equipment shall be free and clear of oil and other substances and in the same condition as received except for ordinary wear and tear. Lessor may elect to (i) retrieve the Equipment from the site at Lessee’s sole cost and expense, or (ii) direct Lessee to deliver the Equipment to location designated by Lessor, at Lessee’s sole cost and expense, and Lessee shall promptly undertake al efforts to carry out Lessor’s election above.

Appears in 2 contracts

Sources: Equipment Lease Agreement (Mammoth Energy Services, Inc.), Equipment Lease Agreement (Mammoth Energy Services, Inc.)