Common use of Termination for Failure Clause in Contracts

Termination for Failure. TO PERFORM In the event that You fail to make payment in accordance with clause 3 above, or You fail to remove Equipment in the period specified by Us, You acknowledge that You will lose all deposits, right, title and interest which You might otherwise have acquired in and to the Equipment.

Appears in 2 contracts

Sources: Equipment Sale Agreement, Equipment Sale Agreement

Termination for Failure. TO PERFORM In the event that You fail to make payment in accordance with clause 3 above, or You fail to remove Used Equipment in the period specified by Us, You acknowledge that that You will lose all deposits, right, title and interest which You might otherwise have acquired in and to the Used Equipment.

Appears in 1 contract

Sources: Sale Agreement