The CUSTOMER is required to notify MONARK at least 60 days in advance of the contract termination date as to whether the repurchase option will be exercised.

• Agreed repurchase price must be invoiced to Monark Equipment (12% Vat Inclusive) upon completion of this Buy – Back Agreement
• BuyBack Terms at 24 months or 4000 hours whichever comes first
• Machine MUST be enrolled in Monark’s Customer Value Agreement (CVA).
• Machine Return Location: the MONARK repurchase price will be based on delivered value upon return to the yard where the machine was purchased
• Should the usage exceed the total hours prior to the term, the CUSTOMER has the option to continue the contract to the expiration of the term. An over-use charge will be assessed per hour and will be based on Monark’s current rental rates. Over-Usage will be charged only in the event that MONARK takes ownership of the machine(s). Upon termination the total over-use charge will be calculated and deducted from the repurchase price.
• Payment Terms: Required Conformity to this contract and Payment shall me made in CASH or maximum six (6) months upon receipt of invoice