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  • Asset 1386727 Mananquil-Alma-manarang LD

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    Asset 1386727 Mananquil-Alma-manarang Ld

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    16 views4 pages

    Asset 1386727 Mananquil-Alma-manarang LD

    Uploaded by

    mj digital

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 4
    ‘TOYOTA FINANCIAL SERVICES PHILIPPINES CORPORATION vrsuense vee s6201 {32 GT Tower ternational, Ayala Avenue, Corner. HV Dela Costa St. Salcedo Vilage, 1227 Makati Cty ‘CONTRACT OF LEASE ACCOUNTNo. 800491282 KNOW ALL MEN BY THESE PRESENTS: ‘This CONTRACT OF LEASE made this _28tN day of January 2022 at__— Maka je ed by and between: TOYOTA FINANCIAL SERVICES PHILIPPINES CORPORATION orgnzed and exsing ‘ofthe Repub the Phisppsnes \wh principal offce at 32F GT Tower Intemational, Ayala Avenue, Comer. HV Dela Costa St Salcedo Vilage, 1227 Maka Ci, Metro MantaLetreinafer referred to ae LESSOR" + and - ALMA M. MANANQUIL win —offce/ postal address. at iT SA RICO FERNAND PARPANGK horwinater ‘elored o os LESSER, \Whoreas. The LESSEE has offered to lease from the LESSOR the motor vehicels together with the body bul or that may be bull thereon, al the equipments ‘ang accessoryies) which may now or fom time to ime be used in connection with or altached thereon (the "MOTOR VEHICLE") described in ts Contact Consideration of the RENTAL to be paid bythe LESSEE to he LESSOR: WITNESSETH that For and in consideration ofthe trms and conditions hereinafter so forth the parties have agreed, as they hereby agree as follows: {1 MOTOR VEHICLE ~ The LESSOR hereby leases to the LESSEE and the LESSEE hereby leases from the LESSOR the MOTOR VEHICLE more particulary escrived a fotows (MARE: ‘SERIES VARIANT: CHASSIS NO: Torora os 13 xLE cvT-2K.028 at ‘CONDUCTION STIGKER NO. anaes ‘sone (MODEL ‘COLOR ENGINE NO wn ‘THERMALYTE swRarr9603 2. DELIVERY AND ACCEPTANCE: The LESSEE acknowiedges and confirms that thas inspected the above-described MOTA VEHICLE and found the same to ibe n good are and condition. The LESSEE tkawise confrmo and ackrowodges that the MOTOR VEHICLE was delivered io the LESSEE ond that the LESSEE ‘accepted the MOTOR VEHICLE i accordance wih the terms and conditons of his Contact. 3. RENTAL ~ The LESSEE shall pay 10 the LESSOR wstbut need of noize or demand, the aggregate rental for the entire trm ofthis Lease as follows Tom: the Delvery and Acceptance Date specified herein, unless. sooner terminatadeareled pursuant othe said Leas Delivery and Acceptance date; anudiry 28,2022 Rent. The LESSEE, shab-fay to the LESSOR monthly rentals in the amount of P commencing on Februar —— ay f in sinena ng baauary 28,2087 eee oF mance on the delivery and acoaptance of the MOTOR VEHICLE. The RENTAL shal be due and demandable and payable as feed above. The LESSEE hereby agroes that payment shall be made on or before 12:00 noon onthe day the RENTAL is due ‘deemed effected on the suaceeding business day. Subject othe Paragraph 14 hereof, the LESSEE shall pay stipulated ifort ‘on all amounts due and unpesd, as well as a penalty equivalent fo five percent (5%) on each unpaid monty rental rom date of ‘The RENTAL or the MOTOR VEHICLE shal be the amount above- specified unless adjusted pursuant to this Agreement. The obligation ofthe LESSEE to pay the rental and other amounts payable as provised herein is absolute and uncanctonal and shal not be subjecto any abate™ent whatsoever orto any defense, set-f ountercinim, loss of destrucion ofthe MOTOR VEHICLE oF any labilly or expenses occasioned by reason of any itoTupton fom whatover causa in ihe USE ‘peraion and possession ofthe MOTOR VEHICLE. LESSEE shall pay the rental and otter amounts fee and doar of and without deductions for a withholding of any and all future Philippines taxes, duties and charges. 4, TERM — The term ofthis Contract commences from the date of the DELIVERY AND ACCEPTANCE ofthe “MOTOR VEHICLE” to the LESSEE and ends on the term specied above. Such Delivery and Acceptance Date fora purposes be conclusively presumed tobe the actual, tue and correct date of Delvery anc ‘Acceptance by the LESSEE. Subject 10 the LESSOR's right of termination or cancolaten under Paragraph 14 and other appcable provisions hereunder, is Contacts irrevocable for tho fuller ofthis lease and tho LESSEE's obligation to pay the aggregate rent fo he ful rm is unconditional beng understood thatthe payment of said rental forthe ene period ofthe lease isthe very essence and special consideabon forthe execution ofthis Contract In case of pre- termination ofthe lease contract atthe instance ofthe LESSEE. the LESSEE tkewse agree fo pay LESSOR. immodiataly upon such pre-terminaticn and witout need of noice or demand, an adetonal amount equivalent to Si ofthe outstanding cbigaton, as and by way of breakage cost 5. USE — During the torm of ths contrac. the LESSEE shall have possession and the right to use, maintain and operate the MOTOR VEHICLE in accordance with the forms anc conditons ofthis Contract and in sick conformity with al aw, decrees, ordinances and any regulations applicable thereto. The LESSEE shall ot make r allow any unlawful, improper, or offensive uso ofthe MOTOR VEHICLE or any use treo! for purposes, which are not permited under ths Contract, In case of any volaton of his condtton the LESSEE shal indemnity. detend and hols harmless the LESSOR. ts oftcer's and employees, to the fullest exten Bermted by aw rom and against any and all demands, came actions, labites losses, damages andlor cost. micluding reasonable atlorey s fees. arcing out Bt or resulting from the indemtyng party's acts or omission related othe Use ofthe leased motor vehicle, pursuant tothe provision of RA 8556. The LESSEE. ‘Warrants thatthe MOTOR VEHICLE shallbe used ony in he Phuppnes and hat the MOTOR VEHICLE shal not be permanently anserred or moved tom the iy ‘or province of the address indicated by the LESSEE inthis Contract to any cher place without te prior writen consent ofthe LESSOR. The LESSEE agroos not to part uth the possession ofthe MOTOR VEHICLE or to sublease, sell delver, mortgage, pledge, encumber or oherw/se dspose ofthe MOTOR VEHICLE. The LESSEE shail not affix oF instal any doves, or accessory on the MOTOR VEHICLE ana shal not make any adciion andor improvement thereon without the prot ‘writen concer of te LESSOR. All aditons and improvement of whatever kind ot nature made inthe MOTOR VEHICLE shal belong to and become the property ofthe LESSOR upon the expwation o° eae trmination of ts Contract The LESSEE shal atts own expense, comply wih to environmental regulators and fenvironmental quay standards prescrbed by the Phiippine Government 6. INSPECTION - The LESSEE acknowiedgos that prior to tho execution ofthis lease agreement, the LESSEE has examined the MOTOR VEHICLE and has found the same tobe tn good conditon and repair iis understood thatthe LESSOR i nat the manufacturer or supple ofthe MOTOR VEHICLE ror the agent of the manufacture or supplier thereof The LESSEE hereby assumes fl responsibilty for he solecton ofthe MOTOR VEHICLE, and the LESSOR shall notin any ay be deemed to have made any warrantes, representations or nducement of whatever nature in respect ofthe MOTOR VEHICLE, including is finess forthe purpose intended, capac, conditon or merchartabily o° compliance wit any requirements of an law rules, specications or contract Any cam ofthe LESSEE Inonnecton wih te manufactutors waranbes,condtons or quaraniees shall be made drely by the LESSEE against he manufacturer or suppl who shall be solely tale hereof In ths respec. the LESSOR hereby authorizes tre LESSEE to subma any said claim against he manufacturer or suppilr Inks behal. The LESSEE agroos to alow the LESSOR os authorzod representative 1a enter he premises al reasonable timo whore the MOTOR VEHICLE is located 1 Inspect ‘he same of observe the manner of Rs use 7 MAINTENANCE, REPAIR AND ALTERATIONS ~ The LESSEE, sala ts own expense keep and maintain the MOTOR VEHICLE in a good operating coniion fas when delivered io the LESSEE, ordinary wear and toa expected, sal pay forall expenses of operation including fuel and maintenance), and shall provide fl mantenance and service and make all pars nocessary fr such purpose. The LESSEE shal in the use of the MOTOR VEHICLE, excise extraordinary “likgence and comply stetly wit al manufacture’s and supplier's published operation and maintenance instracton and specications, ard wit al the trms an ‘onations of any Insurance policy coverng the MOTOR VEHICLE as required under Paragraph 8 hereot The LESSEE shall permit only operators who possess ‘he necessary leenses, raining, qulfcaton, competence and skal to operate the MOTOR VEHICLE. In addon, i ary part or accossores,forring pat of any itom of he MOTOR VEHICLE, shal from bme to ime become wom out lost. dastoyed beyond repr of otherwise rendered permanently unf for Wo use, the LESSEE shal ats own expense replace witun a reasonable te such pats of accossones wih replacement parts r accessories which ae free ttm al lens. ‘encumbrance ot rights of others and which have a value and uly atleast equa tothe pars or accessories replaced. Al such replacoment pars and accessors ‘hall immediately Become the property ofthe LESSOR ard sha orm part o the MOTOR VEHICLE forall purposes thereot The LESSEE shal ot without the ‘ror writen consent ofthe LESSOR. make any addtions fo, orators or improvements on the MOTOR VEHICLE or any part thoreot. The LESSEE shal not permit anyone to injure, dace or remove any pat, indicator, dale, serial number, inscrpton or any identifying mark. which is now or may horeafier bo affixed {o of impressed on the MOTOR VEHICLE. ', INSURANCE ~ Throughou the term ofthis Lease, the LESSEE shall secure insurance coverage tom an accredited Insurance company ofthe LESSOR for ‘he MOTOR VEHICLE for ful nsurabe value against oss or damage by fire het. earthquare, other Acts of God, and other insurable ks, the proceeds of which shall be payable directly tothe LESSOR asthe assured ors assignees as their respective inlerests may appear. Within three (3) days from the debvery of the MOTOR VEHICLE tothe LESSEE, the LESSEE shall umsh the LESSOR the orginal copy ofthe Insurance poly or polices with is orginal oficial recip, ‘effectivity date a5 of he date of colvery of the MOTOR VEHICLE tothe LESSEE and the LESSEE shal be bound fo comply wit Terms and cancion of sal6 poly ‘rpolces. The LESSEE shall as and when required by he LESSOR. execute and dolver tothe LESSOR such documents as mayoe necessary to enable to the LEESG to onorce andor secur ndannfenion unc fe relevant surance poly fs) oo mankan te rave nsrance Roky eta aed eee a tines. The LESSOR in is solo and exclusive discretion sha detormine the amount of the insurance coverage and the insurance companies sung the polices Whenever in the exclisive discretion of the LESSOR the oicumstances so requre, an adequate comprehensive third par Rabat insurance shal Kkewise be ‘secured condoned to answor against any ody injury or haem which shal Icaide deat, and against any damage to propery which may oeu or arse duo to the ‘Uilzaon, operation, masnlenance oF other uses oF dspositon of tho MOTOR VEHICLE. Such Hid party kab insurarte shal be forthe jon mutual protection ofthe LESSOR and the LESSEE. Ifthe MOTOR VEHICLE is lost ot damaged by fre. thf. earthquake, other Acts of God, of other insurable rks, or fhe Use. ‘peraton, maintenance, or other disposition of the Equipment results labilty fr bodily injury. death, oF damage to property. and the insurer denies or contests ‘clam on such insurance on grounds of te LESSEE's fare to comply wih the terms and condtions ofthe relevant policy then such claim shall be forthe ‘¢xcusive account ofthe LESSEE and the LESSEE shal promptly pay the amount of such cam tothe LESSOR. Ml the LESSEE fais fo furish the LESSOR a copy Oe insurance poicyes in te period provided herein. the LESSOR shall have the option ins sole and excusive discretion o efecto take out the required Insurance, and the LESSEE shall prompt remmburse the LESSOR for any cost or expense Incured or advanced by the LESSOR in connection therewith. The premium or premiums due thereon shal be rembursed by the LESSEE to the LESSOR, oF Isha be added tothe rental heren provided and shall immediately ‘Become due and payable without need of notice or demand subject toa penalty charge o ve percent (5%) each month or fraction thereat, computed from date

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