The Company acknowledges receipt of a key deposit of $200 which will be refunded when the hire of the Box is terminated so long as the Hirer has performed all the Hirer’s obligations. The deposit is immediately forfeited to the Company in the event of any breach by the Hirer of the Agreement and may be applied in payment of any expenses incurred under clause 7.
The initial Term of this Agreement is from the date signed by the Hirer and the period _______ to ______.
At the Company’s option, this Agreement may be renewed on the expiration of each Term.The Company may change the terms and conditions of hiring for each renewed Term of hire but if not changed, the hiring will continue on the terms applicable during the preceding Term of hire.
The Fee is payable in advance for each Term.Any failure by the Hirer to pay the rental within one (1) calendar month from due date shall entitle the Company to charge the Hirer a late payment fee of $30 and any collection costs that may ensue.
On the termination of this Agreement by any means, the Hirer must return all keys and access cards to the Company.Until returned, the Hirer must continue to pay the Fee.
The Company may cancel this Agreement on 14 days written notice to the Hirer.Any fee will be proportionately refunded.
Whilst any monies due are in arrears, the Company may refuse access to the Box.
The Hirer will notify the Company immediately if any key or access card is lost and on-demand will pay the cost of replacing the lock and/or any key or card.
It is the Hirer’s responsibility to ensure the contents of the Box against all possible risks.The Company will use reasonable skill and care but will not be liable for losses suffered by the Hirer due to criminal acts, fire, earthquake, flooding, war, civil disturbance, acts of God or other events beyond its control.
No drugs, firearms, explosives or dangerous substances or illicit funds are to be deposited in the Box.
If a Hirer is more than one person then each is jointly and severally liable for the performance of this Agreement.Unless notice in writing from one or more Hirers that some or all Hirers (or agents appointed by each of them) must together access the Box is acknowledged by the Company, then any one of the Hirers shall have the right
If such notice is acknowledged then the Company is entitled to refuse access to the Box if it is not satisfied that it has been complied with. Upon the death of one joint Hirer, the survivor(s) are the only parties capable of exercising the Hirer’s rights.
If the Hirer is a corporation access to the Box and the right to surrender it must be vested in such officer or officers of the corporation or such other person or persons as the Hirer nominates for that purpose.
On the death of an individual Hirer, only the legal personal representative is entitled to exercise the rights of the Hirer.
The Hirer has no right the assign or transfers its rights under this Agreement.
The Hirer agrees to indemnify the Company against all costs, losses and expenses it incurs pursuant to Clause 7 or for which it may become liable as a result of the contents or use of the Box by the Hirer.
Any notice to the Hirer shall be deemed to have been received if posted by ordinary post to the Hirer’s address or to the most recent address notified in writing to the Company.
New Zealand Vault is committed to the highest standards of Anti-Money Laundering and countering the financing of terrorism compliance in order to meet our obligations under the AML/CFT 2009 Act.As part of our compliance, we are required to identify all parties that have access to the Box, or have effective control over the Box, as specified in the Act.