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Subpart 7.4
The rent or lease method may also serve as a short-term measure when the circumstances— (i) Require immediate use of equipment to meet program or system goals; but (ii) Do not currently support acquisition by purchase. (2) If a rent or lease method is justified, a rental or lease agreement with option to purchase is preferable.
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(a) This Lease is granted on express terms or conditions that if the said monthly rent or any part thereof or the royalty or any part thereof payable in the manner hereinbefore mentioned shall be in arrears for the space of more than _____months after the same shall have become due and payable and whether the same is demanded or not, or if any ...
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EQUIPMENT RENTAL AGREEMENT (LEASE)
15) DEFAULT; REMEDIES. If (a) Lessee shall default in the payment of any rent or in making any other payment hereunder when due, or (b) Lessee shall default in the payment when due of any indebtedness of Lessee to Lessor arising independently of this lease, or (c) Lessee shall default in the performance of any other covenant herein and
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