Milestone requires the following Primary insurance coverages:
In lieu of Physical Damage Coverage, you may elect to select our Loss Damage Waiver (LDW) program (available on Trailers only).
Interest in our LDW program is NOT your election to select the program. If you choose to select the LDW program, an addendum will be present for your signature to confirm your election into the program.
Milestone shall determine, in its sole discretion (i) whether to accept Company as a customer, (ii) whether a guarantor shall be required, if any, (the “Guarantor”), and (ii) the maximum number of units of equipment which may be rented or leased by Company under Rental/Lease Agreement, as such term is defined below. Company understands that Milestone may retain this Application whether or not it is approved.
Upon such determination, in order to rent/lease equipment from Milestone, (i) Company shall enter into an equipment rental and/or lease agreement with Milestone for the possession, use, operation but not ownership of, the equipment (in either event, the “Rental/Lease Agreement(s)”) and (ii) Guarantor shall enter into a guaranty agreement for the benefit of Milestone which Guarantor guaranties the payment and performance of Company under the Rental/Lease Agreement(s) (the “Guaranty”).
The undersigned is/are the [legal owner(s) and/or authorized officer] of Company and by my/our signature(s) below, I/we hereby execute this Equipment Leasing Application (this “Application”) for myself/ourselves and on behalf of Company, and further:
This Application may be executed and delivered by electronic (facsimile, email, .pdf or otherwise) transmission shall constitute effective execution and delivery hereof and all purposes and signatures hereto transmitted and/or produced electronically shall be deemed to be their original signature for all purposes. Each of the undersigned, on behalf of each undersigned and Company, hereby agree with the all of the foregoing and certify all information provided herein to be true and correct as of the date hereof and, except as otherwise updated by Company in writing to Milestone, shall be true as of the date of the Rental/Lease Agreement and Guaranty.
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