Customer rents fromEmerco Manufacturing(Emerco) the equipment described
2.Rent:
Customer agrees to pay, during the initial term of this rental agreement, the total rent equal to the amount of the rent as specified.The first rental payment and the security deposit are due when this rental agreement is executed. Subsequent renewal rental payments,shall be due on the renewal dates.
3.Security Deposit:
Emerco may obtain a security deposit amount equal to the value of the equipment rented, but shall not be obligated to, apply the security deposit to cure any default, in which event, Customer shall promptly restore the security deposit to the full amount described above.Upon termination of this rental agreement and all the renewals hereof, if Customer has fulfilled all the terms and conditions hereof, Emerco shall return any remaining balance of the security deposit that may have remained.
4.Renewal:
After its initial term, this rental agreement shall be automatically renewed to the term specified, at the renewal rate specified, payable in advance, as per the terms and conditions hereof, unless customer gives Emercowritten notice of cancellation at least three (3) business days before the expiration of the preceding term.
5.Notice of Defects:
Unless customer gives Emercowritten notice of each defect or other proper objection to an item of equipment with two (2) business days after receipt thereof, it shall be conclusively presumed that the item was delivered in good repair and that the customer accept it as the item of equipment described in rental agreement.
6.Repair:
Emerco, at their expense, shall keep the equipment in good repair and furnish all parts, mechanism and devices required during working hours.
7.Return:
Upon the expiration of rental agreement, customer will contact Emerco and make the proper arrangement to return the equipment in original condition by delivering to Emerco at the address set forth above.