SUB
RENTAL TERMS & CONDITIONS
1.
In the absence of a signed written agreement to the contrary and
notwithstanding anything to the contrary set forth in the Customer''s
forms or other documents submitted by Customers, this rental or sale
is expressly conditioned on the following terms, and conditions and
those contained on the front of this form and no others. Any division
of Lightwave International, Inc. (LWI) rejects any other embodying
contrary terms and conditions and, in such case, these terms and
conditions shall constitute a counter-offer by LWI.
2.
Unless otherwise indicated on the face hereof, payment terms are net
(5) days. Any accounts not adhering to the payment terms will be
subject to a service charge of the lesser of one and one-half percent
(1-1/2%) per month on the unpaid balance or the highest rate allowed
by law. If LWI commences an action to collect amounts due in this
account, Buyer will indemnify and hold LWI harmless from all expenses
incurred in connection therewith, including attorney's fees.
3.
No portion of Rent will be credited against the purchase price.
4.
The acceptance of any rent and other payment, or portion thereof,
after a default by the Customer shall not constitute a waiver or
LWI's right to enforce the payment of rent or other payments, or to
terminate the agreement under which the rent of other payments were
made and recover possession of its equipment. The failure of LWI to
insist upon strict compliance with the terms and conditions of the
agreement under which the payment is made, even after a breach of any
provision or after default, shall not be construed as a waiver of any
of LWIs rights under such
Agreement.
5.
If a rental item is set forth on the reverse side hereof, the
Customer may extend the term only with the written consent of LWI.
The rental price during any extended term shall be equal to the per-term rate of the initial rental. In the event that the Customer does not obtain pre-approval, the rental rate per period shall be 200% of the initial rate as liquidated damages.
6.
All applicable federal, state or local sales, use or excise taxes are
the responsibility of the Customer and shall be in addition to the
price or prices
stated on the front side of this document unless otherwise
specifically stated. LWI may collect sales tax in jurisdictions in
which it conducts
business from time to time. LWI shall have the right to invoice
separately any such tax as may be imposed at a later time. Applicable
tax exemption certificates must accompany any order for which tax
exempt status is claimed.
7.
The Customer, its employees, agents or representatives shall bear all
risk relating to the uses or possession of the Equipment and any
loss, damage or claim, whether property damage, bodily injury
(including death), or contractual liability, shall be the sole
responsibility of Customer.
8.
LWI shall not be liable for delays caused by Customer''s failure to
comply with this Agreement, war, strikes or any other cause
whatsoever beyond the control of LWI. In the event of such delay, the
time of delivery shall be extended for the same period that LWI was
delayed by such occurrence.
9.
Any notice or report required permitted hereunder shall be made in
writing.
10.
Customer agrees to carry a comprehensive broad
form, general liability policy proving for combined bodily injury and
property damage coverage in an amount not less than $2,000,000 and
workers compensation insurance in statutory limits. Customer shall also insure equipment under an all risk
insurance policy in an amount not less than full replacement value of
equipment. All insurance required under this section shall be at
Customer's sole expense and shall contain an endorsement naming LWI,
its parent, affiliates, subsidiaries and each of their members,
managers, directors, employees and agents as Additional Insured and
Loss Payee, as applicable. Evidence of this insurance must be
received by LWI prior to the equipment
being delivered.
11.
Customer expressly agrees to indemnify, defend and hold harmless LWI,
its parent, affiliates and subsidiaries, and each of their members,
managers, officers, directors and employees from any and all claims,
demands, suits, actions, proceedings, loss, cost and damages
of every kind and description (including reasonable attorney's fees
or litigation expenses) which may be brought or made against or
incurred by the Indemnified Persons on account of loss or damage to
any property or for injuries to or death of any person, or for any
reason, caused by, or arising out of, or contributed to, in whole or
in part, by any alleged act or failure to act by Customer, its
employees, agents and representatives.
12.
IN NO EVENT SHALL LWI BE LIABLE FOR ANY CONSEQUENTIAL, INCIDENTAL,
INDIRECT OR SPECIAL DAMAGES IN CONNECTION WITH THIS AGREEMENT.
13.
LWI's MAXIMUM LIABILITY IN EVENT OF ITS BREACH IS LIMITED TO THE
AMOUNT PAID TO LWI UNDER THIS AGREEMENT.
14.
LWI makes no warranties of merchantability or fitness for a
particular purpose. In the event any of the Equipment is defective,
Customer's sole remedy shall be to notify LWI, which in its sole
discretion will determine whether to
replace the Equipment or repair it, in accordance with the
manufacturer's standard warranty, if any.
15.
All amounts payable hereunder shall be payable unconditionally
without any deduction, counterclaim, set off, further notice or
demand and shall be
payable directly to LWI at the address set forth on the front of this
Agreement or to such other party or at such other address as LWI may from
time to time designate in writing.
16.
This Agreement may only be modified in writing, duly signed by both
parties in the Agreement.
17.
If one or more provisions of this Agreement or the application of any
provision to any party or circumstance is held to be invalid,
unenforceable or
illegal in any respect, the remained of the Agreement shall remain
valid in full force and effect.
18.
This agreement may be executed by facsimile signature and each party
may fully rely upon facsimile execution. This Agreement shall be
binding when executed and delivered on behalf of the Parties hereto;
provided, however, that Customer shall be deemed to have signed this
Agreement and accepted the terms and conditions contained herein if
(a) Customer has received a copy thereof and (b) Customer accepts any
Equipment or Services as set forth in this Agreement and/or an
attached Exhibit.
19.
This Agreement shall be governed by the laws of the State of
Pennsylvania applicable to contracts made and wholly performed
therein and venue and jurisdiction shall be vested exclusively in a
court of competent jurisdiction sitting in Pennsylvania.
Agree