HomeMy WebLinkAboutJohn Deere-4/15/2013 (2)JOHN DEERE RENTAL AGREEMENT
Rental #
02085359
Original
Name
LESSEE WATERLOO REGIONAL AIRPORT
DATE Apr 04, 2013
RENTAL TERM
BEGINS May 01, 2013
ENDS Nov 01, 2013
Street
or RFD
2790 LIVINGSTON LN
BRANCH/REGION
08
ACCOUNT NO.
085796
Do NOT write In Shaded areas.
For office use only.
City, ST Zip
Code
WATERLOO, IA 50703
LESSOR NAME AND ADDRESS
WATERLOO IMPLEMENT, INC.
NUMBER OF MONTHS
Telephone
Number
319-291-4483
2415 Sergeant Road
APPLIED DATE
Contact
LESS ustomer lit4LESS
00 �Gv 1 a 16
WATERLOO, IA 50701
PAYMENTS APPLIED
Percentage of Rental Payments Applied to
Purchase Option: 0.00 %
Security Deposit : $ 0.00
= Estimated Rental Charge
(Rental Rate x Rental Period)
$ 0.00
Maximum Hours No More Than : hours/Day
Notes
+ Fees
$ 0.00
+ Taxes
$ 0.00
+ Service Charge
$ 3,950.00
1 SEASON RENTAL 2013.
+ Additional Charges
$ 0.00
= Additional Charges Subtotal
$ 3,950.00
Total Rental Charge
$ 3,950.00
EQUIPMENT WILL BE USED AT: (Name) (Address) Lessee will not remove the Equipment from
this Location Without written permission from
Lessor.
(City) 11.. Cintu/pn,vinr, (ZIP Code) Use County (Phone Number)
IA BLACK HAWK
Doc Ref No.
Qty
Model
Size & Description of Equipment
(Give Product Identification No.)
Hour Meter
Reading
Present Value
%
1
HX20
JOHN DttHt HXLO Stock #
( J
$ 25,000 00
0.00
Rental Rate Per Hour 0.00 IMIn.PedodI0.00
Insurance Loss payee name and address
$ 25,000 00
TOTAL
TT
PURCHASER TYPE MARKET USE
9 Farm 15 Row Crop/Small Grain
THIS RENTAL..AGREEMENT IS SUBJECT TO ALL OF THE TERMS AND CONDITIONS SET OUT ON THE FOLLOWING PAGES
i HEREOF. ALL OF WHICH A HEREBY MADE A PART OF THIS RENTAL AGREEMENT.
LESS ustomer lit4LESS
00 �Gv 1 a 16
•►eater)
./
f '91►510\? BY
i
THIS RENTAL AGREEMENT IS SUBJECT TO ALL OF THE TERMS AND CONDITIONS SET OUT ON THE FOLLOWING PAGES
HEREOF. ALL OF WHICH ARE HEREBY MADE A PART OF THIS RENTAL AGREEMENT.
Page 1 of 4
Customer's Initials
Date
Quote td : 7878679 Rental # : 02085359
RENTAL A
1. General, The above-named Lessor hereby leases to the above
named Lessee the equipment listed herein ("Equipment") for the
term and with the rental payments set out above. Rental payments
shall be made to Lessor at the address shown above or to such
other person and address as Lessor may direct from time to time.
Lessee will pay the cost of transporting the Equipment from Lessor's
place of business and retuming it thereto. Such transportation shall
take place during the term hereof. Lessee agrees to remit to Lessor
the rental payments and all other amounts when due and payable,
even if Lessor does not send Lessee a bill or an invoice. Lessee
agrees that any amount due under this Rental Agreement, may, if
specified above, at the option of the Lessor, be submitted by Lessor
as a charge authorized by Lessee to the PowerPlan or Farm Plan
account of Lessee, and Lessee agrees that the terms of that account
shall thereafter apply to any accepted charges. For any payment
which is not received by its due date, Lessee agrees to pay a late
charge equal to 5% of the past due amount (not to exceed the
maximum amount permitted by law)as reasonable collection costs,
plus interest from the due date until paid at a rate of 1.5% per month,
but in no event more than the maximum lawful rate. Restrictive
endorsements on checks Lessee sends to Lessor will not change or
reduce Lessee's obligations to Lessor. If a payment is returned to
Lessor by the bank for any reason, Lessee agrees to pay Lessor a
fee of $25.00, or the maximum amount permitted by law, whichever
is less. Rental payments and other payments may be applied, at
Lessor's discretion, to any obligation Lessee may have to Lessor or
its assignee or any affiliate of Lessor or its assignee. If the total
of all payments made during the rental term exceeds the total of all
amounts due under the Rental Agreement by less than $25, Lessor
may retain such excess. Rental terms and conditions from all
invoices, monthly statements, or other agreements between Lessor
and Lessee are hereby incorporated into this Rental Agreement
LESSEE'S PAYMENT OBLIGATIONS ARE ABSOLUTE AND
UNCONDITIONAL, AND ARENOT SUBJECT TO
CANCELLATION, REDUCTION OR SETOFF FORANY REASON
WHATSOEVER.
2. Security Deposit, Any Security Deposit will be held by Lessor in
a non-interest bearing account, commingled with other funds. Lessor
may apply the Security Deposit to any amounts due under the Rental
Agreement and, If Lessor does so, Lessee agrees to promptly remit
to Lessor the amount necessary to restore the Security Deposit to
the original amount. The Security Deposit will be returned to Lessee
within thirty days of termination of the Rental Agreement and final
inspection by Lessor, provided Lessee is not in default.
3. Equipment Use. LESSOR HAS NOT MADE, AND DOES NOT
MAKE, ANY REPRESENTATION OR WARRANTY, EXPRESS
OR IMPLIED, AS TO THE EQUIPMENT'S MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE, SUITABILITY, OR
OTHERWISE. Lessor is the owner of the Equipment and the Lessee
has only the right to use the Equipment under the terms of this
Rental Agreement You agree to USE THE EQUIPMENT ONLY
FOR AGRICULTURAL, BUSINESS OR COMMERCIAL PURPOSES
AND NOTFOR PERSONAL, FAMILY OR HOUSEHOLD
PURPOSES. It is contemplated that the Equipment will be operated
for not more than the Maximum Hours specified above, and Lessee
agrees to pay additional rental prorated at the applicable daily,
weekly or monthly rate for each hour the Equipment is used in
excess of the Maximum Flours. The additional rent for excess hours
shall be paid at the time the Equipment is retumed or, if the
Equipment is rented for more than thirty days, on the first day of the
month following such use. If there is an hour meter fumished,Lessee
agrees to keep it connected to the Equipment and in good working
condition at all times and it is to be used as the conclusive basis of
the number of hours or operation. Lessee agrees to affix and
maintain, in a prominent place on the Equipment, any labels, plates
or other markings Lessor may provide. Lessee agrees to pay $_ if
the hour meter is damaged or rendered inoperative during the term
of this Rental Agreement Lessee shall indemnify Lessor against all
loss or damage to the Equipment while it is out of Lessor's
possession. Damage to the Equipment, shall not abate or excuse
the making of prescribed rental payments.
Page 2 of 4
Customer Name :WATERLOO REGIONAL AIRPORT -ALO :-i
GREEMENT
Lessee agrees to use and care for the Equipment in a careful and
prudent manner, to pay all operation and maintenance expenses while
the Equipment is out of the possession of Lessor, and to make, at
Lessee's sole expense, any and all repairs. Lessee agrees (a) to not
move the Equipment to another county or state without notifying Lessor
within 30 days; (b) to operate and maintain the Equipment in
accordance with all (1) laws, ordinances and regulations, (2) manuals
and other instructions issued by the manufacturer(s) and supplier(s),
and (3) insurance policy terms and requirements; (c) to perform (at
Lessee's expense) all maintenance and repairs necessary to keep the
Equipment in as good a condition as when delivered to Lessee,
reasonable wear excepted; (d) to not install any accessory or device on
the Equipment, unless it can be removed without damaging the
Equipment or in any way affecting the value, useful fife, or originally
intended use of the Equipment; (e) to not represent the Equipment as
owned by Lessee or to pledge the Equipment as collateral to any
lender or other party; (f) to load, unload, transport, and secure for
transport, in accordance with all laws; (g) to acquire or purchase all
proper permits in compliance with all federal and state traffic law.
Uponany expiration or temmination of this Rental Agreement, all
Equipment shall be returned by Lessee at Lessee's sole expense and
in satisfactory condition, along with all use, maintenance and repair
records. Equipmentis in satisfactory condition if it is in as good a
condition as when the Equipment was delivered it to Lessee,
reasonable wear excepted, and conforms to any maintenance
standards incorporated into the Rental Agreement. If, upon its return to
Lessor, the Equipment is not in such good condition, Lessor may repair
it and Lessee will pay the cost of any such repairs at Lessor's regular
shop rates. If Lessee fails to retum the Equipment promptly upon any
expiration or termination of this Rental Agreement, additional rent shall
be payable by Lessee for each day the Lessee remains in possession
of the Equipment, in an amount prorated a tone and one-half times the
normal rental payment amount. Lessee agrees to keep the Equipment
free and clear of liens and encumbrances,except those in Lessor's
favor, and promptly notify Lessor if a lien or encumbrance is placed or
threatened against the Equipment The Equipment may be equipped
with telematics hardware and software ("Telematics") that transmit data
to Lessor, John Deere, or other John Deere dealers. Lessee agrees
that Lessor, John Deere and other John Deere dealers (their affiliates,
successors and assigns), without further notice to Lessee have the
right to: (i) access, use, collect and disclose any data generated by,
collected by, or stored in, the Equipment or any hardware or devices
interfacing with the Equipment ("Machine Data"); (ii) access Machine
Data directly through data reporting devices integrated within, or
attached to, the Equipment, including Telematics ("Data Reporting
Systems"); and (iii) update the Data Reporting Systems software from
time to time. Machine Data may be transferred out of the country
where it is generated, including to the U.S.A. In the event that the
Machine Data includes Lessee's personal information, Lessee hereby
consents to the collection, use and disclosure of such personal
information, to permit Lessor, John Deere and other John Deere
dealers to access and use the Machine Data as set forth herein.
Lessee warrants that it has obtained any necessary consent from its
employees or any other third parties, including with respect to the
transfer of Machine Data to other jurisdictions, to comply with any
applicable privacy laws or contractual agreements with such employees
or third parties and to permit Lessor, John Deere and other John Deere
dealers to access and use the Machine Data as set forth herein.
Lessee shall not use the Data Reporting Systems to track the location
of any person unless Lessee has first obtained any necessary
approvals from such person to permit Lessee, Lessor, John Deere and
other John Deere dealers to track such location. Lessee shall not
remove, modify or disable any Data Reporting Systems without
Lessor's prior written consent.
Customer's Initials
Date