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2020-589-E Transportation-Delerrok Inc fare box media
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2020-589-E Transportation-Delerrok Inc fare box media
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<br />Delerrok Confidential Page 20 of 21 <br />Exhibit E <br />READER LOAN <br /> <br />1. Readers. Delerrok will provide to AGENCY on loan, Readers listed in the Exhibit B. AGENCY <br />will be fully responsible for all Readers including without limitation all risk of loss and damage to <br />Readers while in its possession or control, save normal wear and tear. AGENCY shall provide <br />Delerrok with physical access to the Readers during regular business hours upon request after <br />reasonable advance notice or as otherwise agreed by the Parties. AGENCY shall not, nor allow <br />any third party to, modify, repair, relocate, sell, lease, assign, encumber, or otherwise tamper with <br />any of the Readers without Delerrok’s express written consent. <br /> <br />2. Delivery and Return of Property. Delerrok shall deliver Readers to AGENCY’s location as <br />provided in the SOW. At the end of the Term, AGENCY shall be responsible to return all <br />Readers, freight prepaid by AGENCY, to Delerrok at the place from which Readers were shipped <br />(or as otherwise designated by Delerrok) in as good condition as exists at the commencement of <br />the term, reasonable wear and tear, and casualty, in respect thereto excepted. <br /> <br />3. Reservation of Title. Loaned Readers and all parts and components thereof shall retain their <br />character as personal property and all right, title and interest thereto shall not pass to AGENCY <br />but title and ownership shall remain exclusively with Delerrok, provided that AGENCY has not <br />otherwise purchased the same. AGENCY shall be and shall have the duties of a bailee of any <br />loaned Readers. <br /> <br />4. Return. If AGENCY sells, assigns or attempts to sell or assign Readers or any interest therein, or <br />if AGENCY defaults in any of the covenants, conditions or provisions of this Agreement, it is <br />agreed that Delerrok may immediately and with notice take possession of Readers wheresoever <br />found and to remove and keep or dispose of the same and any unpaid fees shall at once become <br />due and payable. If any step is taken by legal action or otherwise by Delerrok to recover <br />possession of Readers or otherwise enforce this Agreement or to collect moneys due hereunder <br />AGENCY shall pay Delerrok the equivalent of the moneys expended or charges incurred by <br />Delerrok in such behalf, including reasonable attorney's fees. <br /> <br />DocuSign Envelope ID: 000FC59A-58C3-40A5-B7DA-3677E8179B51
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