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285 Industrial Way, Brisbane, CA 94005
(800) 518-8088 / Fax (415) 468-2541
www.generatorsunlimited.com


Equipment Lease Agreement

Rented to: Event Date(s)
Address
City State Zip
Telephone Fax

Lessee agrees to indemnify and hold lessor (Generators Unlimited, Inc) harmless from any and all claims including, but not limited to, damage caused by lessee's improper use of equipment or negligence. Lessee agrees to operate equipment in accordance with prescribed instructions and standards of professional usage and to permit only qualified personnel to operate same, and only under the immediate supervision of lessee. Lessee agrees to return rental equipment in good working order and in same condition as originally received (undamaged).

Lessee agrees to furnish insurance coverage on equipment rented from Generators Unlimited, Inc. This insurance to include All Risk Physical Damage Insurance, Comprehensive General Liability and Business Automobile Liability Insurance in an amount not less than $1,000,000.00 (one million dollars) combined single limit with Generators Unlimited, Inc named as additional insured and loss payee. Lessee shall provide to Lessor a Certificate of Insurance prior to use of equipment. Equipment originates from our location at 285 Industrial Way, Brisbane, CA.

Equipment coverage to be provided on replacement cost basis. If on an actual cash value basis and in the event of loss or damage, lessee will be held responsible for settlement difference between actual cash value and actual replacement cost.

It is further understood and agreed that lessee shall be held responsible for income actually lost by lessor until such time as equipment, including vehicles and/or generators, is returned to lessor or full settlement of loss. If legal action is required to enforce any terms of this agreement, the lessor shall be entitled to reasonable attorney's fee and cost from lease regardless of whether lawsuit is filed. The undersigned warrants that he/she is authorized to bind lessee to this contract.

It is agreed that venue for any lawsuit in connection with this contract will be in the county of San Mateo, State of California. All payments owed under this agreement are due within agreed upon terms.

Lessee Date
Authorized Signature
Print Name

We wish to keep our lease agreement in force for:
__  this event only.
__  the remainder of the year (so we'll be covered for future events).


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