Expresso bike5/15/2023 The Lessor agrees to lease the Equipment to the Lessee. “Total Loss” means any loss or damage that is not repairable or that would cost more to repair than the market value of the Equipment.“Minimum Rental Period” means a period of six (6) consecutive months.“Initial Rent Payment” means the first months lease payment, to be paid in advance as is all future payments.“Freight Payment” means the nonrefundable, initial cost to ship leased equipment to the Lessee.“Force Majeure” means any act of God, strikes, lockouts or other industrial disturbances, acts of the public enemy, acts of terrorism, wars, blockades, insurrections, riots, epidemics, landslides, lightning, earthquakes, fires, storms, floods, washouts, arrest and restraints of governments and people, civil disturbances, and explosions.“Equipment” means the commercial grade fitness equipment that is owned by Lessor and which has an approximate value of _.“Effective Date” means the date to which both parties of signed this Agreement. The Casualty Value may be less than but will not be more than the original purchase price of the Equipment. “Casualty Value” means the market value of the Equipment at the end of the Term or when in relation to a Total Loss, the market value the Equipment would have had at the end of the Term but for the Total Loss.The terms used in this agreement shall have their normal or common meaning, except that the following capitalized terms shall have the following meanings for the purpose of this Agreement. In consideration of the mutual covenants and promises in this Agreement, the receipt and sufficiency f which consideration is hereby acknowledged, the Lessor leases the Equipment to the Lessee, and the Lessee leases the Equipment from the Lessor on the following terms: To the extent that, as part of providing the Service, Global Fitness will provide commercial fitness equipment in exchange for consideration given by Lessee to allow the purchase of said products.Lessor is the rental company which facilities the sale or lease of commercial fitness equipment.Lessee is interested in obtaining or leasing commercial fitness equipment from Lessor.By entering into this Agreement, You agree to the terms and conditions to this Agreement, as may be altered from time to time by Global Fitness without notice. (“Global Fitness”, “We”, “Us”, or “Lessor”), collectively called “Parties”. THIS RENTAL AGREEMENT (“Agreement”) as of the effective date, is a contract between you (“You” or “Lessee”) and Global Fitness Inc. And the biometrically-designed handlebars include both a shift and steer function that will make you think you are actually riding a racing bike. The user-friendly keypad on the Expresso S3u Upright Bike provides easy access to all of the pre-set Tours and games. In Television mode, riders can catch up on all their favorite shows as they pedal away the pounds and in Manual mode the console will keep track of tons of different fitness data, such as calories burned, distance, the time and pace of the ride, altitude climbed and more. When in “ride mode,” riders can imitate the experience of riding alongside some of the world’s best known landmarks and roads, such as a jaunt up the famed Pacific Coast Highway or a ride through the hills of Italy. There are over 30 pre-set tours on the bike, as well as an abundance of in-ride games to keep riders engaged. Through this system, riders are privy to some of the most stunning graphics and realistic rides that have ever been introduced in a fitness machine. The computer system in the Expresso S3u Upright Bike is where this machine truly shines. And the advanced drivetrain is able to support power up to a whopping 700 watts. The handlebars are equipped with convenient toggle-style control levers that allow riders to control the 30 levels of fine-tuned resistance on the fly. The bike boasts a comfortable, ergonomically designed seat with a backrest, and a wide space between the handlebars and seat for easy mounting. Thanks to its extra large display panel and interactive features, the bike provides riders with the genuine look and feel of riding outdoors, all from the comfort of their home gym. If you’re serious about cycling and fitness, the Expresso S3u Upright Bike is likely the stationary bicycle for you.
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