Fill and Sign the Bus Lease Form

Lease of Bus This Lease, hereinafter called the Lease, is made this       , between (date)       , a corporation organized and (Name of Lessor) existing under the laws of the state of       , with its principal office located (name of state) at       , referred to herein as the (street address, city, state, zip code) Lessor and       , having his principal (Name of Lessee) place of business at       , and (street address, city, state, zip code) referred to herein as the Lessee. For and in consideration of the mutual covenants contained in this Agreement, and other good and valuable consideration, the Parties agree as follows: 1. Lessor hereby leases to the Lessee, for a term beginning on       , and (date) and ending on       , the following described Bus: (date) Make:       Model:       Year:       V.I.N.       Additional descriptive details:       2. Lessee shall comply with all regulations of the Interstate Commerce Commission and pay for the cost of any inspection of the Bus as required by laws of the state of       and/or the Interstate Commerce Commission. 3. Lessee will maintain, or cause to be maintained, the Bus in good working condition. Nothing in this Agreement shall require Lessor to provide or pay for, or cause to be provided or paid for, any gasoline, oil, antifreeze, washing or storage for the Bus. 4. Lessee agrees to pay to Lessor at       , (street address, city, state, zip code) the sum of $       , as rent, on       . (e.g. the first day of each and every calendar month or week) Lease of Bus Page 1 of 5 The rent for the first and last       of the term shall be apportioned on (e.g., month or week) the basis which the number of days of the term in the month bears to the whole number of days in such month , unless the term starts on the first day of the month and ends on the first day of the month . 5. The Bus leased pursuant this Agreement will be used and operated in a careful and lawful manner and Lessee will pay or cause to be paid any fines imposed by any governmental authority levied upon the Bus and/or its driver as the result of any act or omission during the term the Bus is leased under this Agreement. 6. Lessee will not use or allow the Bus to be used for any illegal purpose and will reimburse Lessor if the Bus is confiscated for expenses incurred as a result of any confiscation or attempted confiscation by any governmental authority whatsoever, whenever such confiscation and expenses, or either, is caused by the illegal use of such Bus while the Bus is leased under this Agreement. 7. Lessee will keep and maintain the Bus in good running order and will see that same stays in good repair and is properly serviced at the expense of Lessee. The Bus will be kept and maintained in a garage or other covered storage space except when in use. 8. Immediately on the discovery of the need of any repair or servicing of the Bus, Lessee shall cause said Bus to be taken to an authorized service station of the manufacturer of such Bus or such other service station agreed to in writing by Lessee. The cost of any such repair may be deducted by the Lessee from the next rental payment due Lessor under this Agreement, provided Lessee shall make no repairs the cost of which shall exceed $       without the written consent of Lessor first obtained. At the time of making such deduction, Lessee shall provide Lessor with an itemized invoice evidencing payment for the repairs for which such deduction is claimed. Notwithstanding the foregoing, Lessee is responsible for payment of repairs resulting from the negligence of Lessee or anyone driving the Bus with or without the consent of Lessee, or the violation by Lessee of the terms of this Agreement, and no such deduction from rental payments may be made. 9. Lessee will acquire, pay for, and maintain appropriate commercial indemnity insurance, including public liability and property damage insurance, issued by a responsible company or companies, protecting the interests of both Lessee and Lessor against liability for damage, personal injury or death caused by the Bus or the operation of the Bus to the extent of not less than $       per accident and not less than $       per person; and the sum of $       per accident for damage to property caused by the operation of any Bus leased under this Agreement, and Lessee agrees that the policy will include Lessor as a "named insured" and shall not be cancelled until after       days notice to Lessor of Lessee’s intention to cancel, and the Lessee further agrees to furnish to Lessor prior, to the use or operation of the Bus, a certificate of such insurance. 10. Should any claim be made or any action be commenced against Lessor arising from any of the causes covered by the insurance referred to in Paragraph 9, Lessor will promptly notify Lessee and Lessee will conduct the defense of any such claim or action at Lessee's expense, Lease of Bus Page 2 of 5 including all costs and attorneys' fees. 11. In the event of the cancellation of any public liability and/or property damage insurance required under the terms of this Lease, the use by Lessee of the Bus shall cease until all such insurance so cancelled has been renewed or replaced. 12. Except as otherwise subsequently provided, on expiration of the term of this Lease, or earlier termination of the Lease as provided in this Lease, Lessee shall return the Bus to Lessor in the same condition as when received, less reasonable wear and tear, at       , or any other location mutually (street address, city, state, zip code) agreed on by the parties. 13. If any default shall be made by Lessee in the payment when due, of any rent or other sum due under this Agreement, or in the performance of any other provision, or if Lessee is or becomes unable to pay his debts from his own means as they become due, or if any receiver or trustee of the business or of the property or assets of the Lessee shall be appointed by any court, or if the Lessee shall abandon the Bus, or if the Lessee shall otherwise, in any manner whatever, become unable to pay the rent specified here or to perform any of the provisions to be kept or performed by Lessee, then Lessor shall have the option, without notice to Lessee or demand for performance, to require Lessee to redeliver the Bus to Lessor at a location designated by Lessor at Lessee's expense. 14. Lessee shall deposit with Lessor $       as security for the performance by Lessee of the terms and conditions of this Lease. If Lessee fully complies with all terms, the deposit shall be refunded to Lessee on termination of the Lease. Should Lessee fail to comply with any of the terms, such deposit may be applied by Lessor to payment of the costs and expenses, including attorneys' fees, incurred by Lessor as a result of such default; such deposit, however, shall not be considered as payment for Lease payments due, nor shall it release Lessee from the obligation to make such Lease payments or from any of the obligations assumed by Lessee. 15 . Upon any such default, Lessor may terminate this Lease, in which event Lessee shall pay to Lessor the amount of rent that would have been paid to Lessor had there been no such default. The foregoing remedy for default shall not be exclusive but shall be cumulative and in addition to all other remedies. 16. Lessor will not be liable to Lessee for any loss of business or any other damage caused by any interruption of the service provided for here or otherwise. 17. Lessor does not assume any liability for any acts or omissions of Lessee or of any of Lessee's agents, employees or drivers and Lessee specifically releases Lessor from all such liability and agrees to indemnify and hold Lessor harmless of and from any and all such liability. 18. This is a Lease only, and the Lessee has acquired no right, title or interest in the Bus, except the right to use the same pursuant to the provisions of this Lease. Lease of Bus Page 3 of 5 19. So long as the Lessee performs all of the terms and conditions of this Lease including payment of the rental, Lessee shall have the unrestricted lawful use of such Bus for any lawful purpose. 20. Time is of the essence of this Agreement. Lessor, at its option, may by written notice to Lessee declare this Lease in default on the happening of any of the following: A. Default by Lessee in payment or performance of any of Lessee's obligations; B. A proceeding in bankruptcy or under any law for relief of debtors involving Lessee or the leased Bus; C. Voluntary assignment of Lessee's interest in this Agreement; D. Involuntary transfer of Lessee's interest in this Agreement by operation of law; or E. Expiration or cancellation of any policy of insurance agreed to be paid for by Lessee, or the cessation in force according to its original terms of such insurance, or of any extension or renewal of the insurance, during the entire term of this lease. On declaration by Lessor that Lessee is in default under this Lease, the Bus shall be surrendered and delivered to Lessor, and Lessor may take possession of it wherever it may be found, with or without process of law, and for that purpose may enter on the premises of Lessee. On default, Lessee, whether by operation of law or otherwise, shall have no right, title, or interest in the Bus, or its possession or use, and Lessor shall retain all Lease payments and other sums paid by Lessee under this Agreement with respect to the Bus. 21. Limitations of Warranties. There are no warranties, expressed or implied, by Lessor to Lessee, except as contained in this Agreement, and Lessor shall not be liable for any loss or damage to Lessee, nor to anyone else, of any kind and however caused, whether by any Bus, its repair, maintenance, or equipment, or its failure, or by interruption of service or use of Bus. 22. Severability. The invalidity of any portion of this Agreement will not and shall not be deemed to affect the validity of any other provision. If any provision of this Agreement is held to be invalid, the parties agree that the remaining provisions shall be deemed to be in full force and effect as if they had been executed by both parties subsequent to the expungement of the invalid provision. 23. No Waiver. The failure of either party to this Agreement to insist upon the performance of any of the terms and conditions of this Agreement, or the waiver of any breach of any of the terms and conditions of this Agreement, shall not be construed as subsequently waiving any such terms and conditions, but the same shall continue and remain in full force and effect as if no such forbearance or waiver had occurred. 24. Governing Law. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of       . Lease of Bus Page 4 of 5 25. Notices. Unless provided herein to the contrary, any notice provided for or concerning this Agreement shall be in writing and shall be deemed sufficiently given when sent by certified or registered mail if sent to the respective address of each party as set forth at the beginning of this Agreement. 26. Attorney’s Fees. In the event that any lawsuit is filed in relation to this Agreement, the unsuccessful party in the action shall pay to the successful party, in addition to all the sums that either party may be called on to pay, a reasonable sum for the successful party's attorney fees. 27. Entire Agreement. This Agreement shall constitute the entire agreement between the parties and any prior understanding or representation of any kind preceding the date of this Agreement shall not be binding upon either party except to the extent incorporated in this Agreement. 28. Modification of Agreement. Any modification of this Agreement or additional obligation assumed by either party in connection with this Agreement shall be binding only if placed in writing and signed by each party or an authorized representative of each party. 29. Assignment of Rights. The rights of each party under this Agreement are personal to that party and may not be assigned or transferred to any other person, firm, corporation, or other entity without the prior, express, and written consent of the other party; or 30. Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute but one and the same instrument. 31. Compliance with Laws. In performing under this Agreement, all applicable governmental laws, regulations, orders, and other rules of duly-constituted authority will be followed and complied with in all respects by both parties. WITNESS our signatures as of the day and date first above stated.             ( Name of Lessee) (Name of Lessor) By: (Signature of Lessee) (Signature of Officer)             (Type or Print Name) (Type or Print Name) It’s:       It’s:       Lease of Bus Page 5 of 5