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Should the Solar Equipment need to be moved during the term of this agreement, the Party requiring the move or replacement must obtain permission from the Power Provider and any other written approvals required by law. This Party must also cover the costs of the movement or replacement of the Solar Equipment.
Each Party should receive and keep related confidential documents regarding this agreement. Both Parties agree not to publish the documents publicly.
Warranties and Covenant of Both Parties
Both parties warrant to the other Party that they are duly organized, validly existing, and in good standing with the laws of [Client.State]. The parties warrant that they are qualified to conduct business as they comply with all [Client.State] laws, rules, and regulations.
The Client acknowledges they are responsible for providing reasonable security of the Solar Equipment. This includes commercially reasonable monitoring of the Property alarms and Solar Equipment. The Client shall not knowingly, indirectly, or directly create, cause, assume, incur, or suffer to make a liens, pledge, mortgage, security interest, charge, or claim with respect to the Solar Equipment or any interest therein.
Event of Default
Any of the below actions are considered “Events of Default,” wherein one Party has the right to terminate the lease agreement due to the other event of default the other Party committed.
If the Client doesn’t pay the monthly lease amount within (Number) days of the due date.
If a Party breaches any of the terms and conditions of this agreement
If the Client provides a written notice of their inability to pay their debts
If one of the parties files a petition or reorganization under the federal bankruptcy laws
Should one of the parties experience an event of default, the other Party has the right to suspend or terminate the agreement before the effective End Date.