STANDARD TERMS AND CONDITIONS - xtralease.com

STANDARD TERMS AND CONDITIONS These STANDARD TERMS and CONDITIONS apply to all transactions with XTRA Lease, including, without limitation, all leases or rentals of XTRA Lease Equipment, whether pursuant to a long-term Equipment Lease Agreement, National Account Agreement, Short-term Rental Agreement, Equipment Rental Agreement or any other agreement. THE STANDARD TERMS AND CONDITIONS CONTAIN A JURY TRIAL WAIVER WHICH MAY BE ENFORCED IN THE EVENT OF A DISPUTE BETWEEN XTRA LEASE AND LESSEE. 1. DEFINITIONS. (a) Applicable Law means any federal, state, local or foreign law, statute, rule, regulation, order, judgment, opinion or ordinance applicable to the lease, use, possession, operation, maintenance or control of the Equipment, including, without limitation, the HDV Regulations and the TRU Regulations (both defined in Section 17).

2 Terms and Conditions, as amended from time to time. (b) By taking possession of the Equipment, Lessee acknowledges accepting the Equipment in good repair and working order, in the condition noted in the

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