Common use of Right of Reinstatement Clause in Contracts

Right of Reinstatement. A customer who fails to make timely rental payments has the right to reinstate the original rent-to-own agreement without losing any rights or options previously acquired under the rent-to-own agreement. Reinstatement can occur any time within the three month period of the customer’s last timely payment as long as customer surrendered the instrument to WM when WM or its agent requested them to surrender the instrument. Five days prior to reinstatement, customer is required to pay all unpaid rental payments, late charges, pickup and delivery fees, maintenance and replacement coverage.

Right of Reinstatement. A customer who fails to make timely rental payments has the right to reinstate the original rent-to-own agreement rental contract without losing any rights or options previously acquired under the rent-to-own agreementcontract. Reinstatement can occur any time within the three month period of the customer’s last timely payment as long as customer surrendered the instrument to WM when WM or its agent requested them to surrender the instrument. Five days prior Prior to reinstatement, customer is required to pay all unpaid rental payments, late charges, pickup and delivery fees, maintenance fees, and replacement coverageinstrument placement fees.

Right of Reinstatement. A customer who fails to make timely rental payments has the right to reinstate the original rent-to-own agreement without losing any rights or options previously acquired under the rent-to-own agreement. Reinstatement can occur any time within the three month period of the customer’s last timely payment as long as customer surrendered the instrument to WM when WM or its agent requested them to surrender the instrument. Five days prior to reinstatement, customer is required to pay all unpaid rental payments, late charges, pickup and delivery fees, maintenance and replacement replace- ment coverage.