December 19, 2018
Wednesday, 03:42 AM

 

TELE-PAGE, Inc.

Lease or Purchase Agreement

 

Lessor:  TELE-PAGE, Incorporated

Lessee:  Customer whose signature is on file

 

PURCHASED EQUIPMENT

All equipment supplied by TELE-PAGE is for management of TELE-PAGE demarcation point and shall not be used for anything other than TELE-PAGE Internet Service. Title to and risk of loss of Purchased Equipment will pass to Customer as of the delivery date, upon which date TELE-PAGE  will have no further obligations of any kind (including without limitation operation and maintenance) with respect to that Purchased Equipment. TELE-PAGE retains a purchase money security interest in each item of Purchased Equipment until Customer pays for it in full; Customer appoints TELE-PAGE as Customer’s agent to sign and file a financing statement to perfect TELE-PAGE's security interest.  Customer, at its own expense, will provide: (i) an equipment room environmentally compliant with local laws and other environmental conditions as specified by TELE-PAGE; (ii) reasonable access to the equipment at times specified by TELE-PAGE; and, (iii) adequate work space, heating/cooling, light, ventilation and electrical outlets.  Customer shall be responsible for removal of any hazardous material and correction of any hazardous condition on Customer's premises. The equipment shall not be removed, relocated, modified, or attached to non-TELE-PAGE equipment by Customer without prior written authorization from TELE-PAGE, which shall not be unreasonably withheld. 

 

 

Customer Premises Equipment  Lease

Equipment Packages differ and are dependent on bandwidth and access methods. TELE-PAGE provides the customer with pre-configured EUM and Antenna and Cable as necessary to connect to the Service. All equipment supplied by TELE-PAGE is for management of TELE-PAGE demarcation point and shall not be used for anything other than TELE-PAGE Internet Service. Customer may not create any liens or encumbrances with respect to such facilities or equipment.  For equipment provided by TELE-PAGE, TELE-PAGE will deliver, install (on-site and/or tele-installation is available), and maintain the equipment.  Customer, at its own expense, will provide: (i) an equipment room environmentally compliant with local laws and other environmental conditions as specified by TELE-PAGE; (ii) reasonable access to the equipment at times specified by TELE-PAGE; and, (iii) adequate work space, heating/cooling, light, ventilation and electrical outlets.  Customer shall be responsible for removal of any hazardous material and correction of any hazardous condition on Customer's premises. The equipment shall not be removed, relocated, modified, or attached to non-TELE-PAGE equipment by Customer without prior written authorization from TELE-PAGE, which shall not be unreasonably withheld.  Title to the equipment will remain with TELE-PAGE.  Customer will, however, be liable for repair charges or the replacement cost of the equipment if it is damaged or lost totaling $525.00.  Upon termination of the Internet Service, Customer will make the equipment available for removal or return it in the same condition as originally installed, ordinary wear and tear excepted, or Customer will pay for restoration of the equipment to such condition.  TELE-PAGE shall not be obligated to restore the premises to its original condition.  If Customer does not return the equipment or make it available for removal by TELE-PAGE,  then Customer shall be liable for its then-current market value.

 

Term

The term of this Lease shall commence on date Equipment is installed and shall remain in force until Internet Service is discontinued by either party. 

 

Rent and Deposit

The monthly rent for the Equipment shall be paid in advance, due on the 1st of each month.  The amount due is agreed upon by each party.  Payment is considered late if not received by the 10th of each month.  A late fee will be charged equal to $5.00 or 18% annually (whichever is greater) on any overdue amount.  Rent for any partial month shall be prorated. 

 

A security depost might be required.  If a depost was paid, the deposit will be refunded when the Service is discontinued and all obligations of this lease have been performed.

 

Bankruptcy

Neither this Lease nor any interest therein is assignable or transferable by operation of law.  If any proceeding under the Bankruptcy Act, as amended, is commenced by or against the Lessee, or if the Lessee is adjudged insolvent, or if Lessee makes any assignment for the benefit of his creditors, or if a writ of attachment or execution is levied on the Equipment and is not released or satisfied within ten 910) days thereafter, or if a receiver is appointed in any proceeding or action to which the Lessee is a party with authority to take possession or control of the Equipment, Lessor shall have and may exercise any one or more of the remedies set forth in Section 14 hereof; and this Lease shall, at the option of the Lessor, without notice, immediately terminate and shall not be treated as an asset of Lessee after the exercie of said option.

 

Entire Agreement

This instrument constitutes the entire agreement between the parties on the subject matter hereof and it shall not be amended, altered or changed except by a further writing signed by the parties hereto. Headings used in this Lease are provided for convenience only and shall not be used to construe meaning or intent. This Lease shall be construed and enforced according to the laws of the State of Tennessee. 

 

Effective:  8-1-04