The tenant pays finloc (which acts for and on behalf of the lessor) the rents set out in the rental agreement, as well as all applicable turnover taxes and all other amounts due (including the fine mentioned in section 5 below). Unless otherwise stated, the first payment of rent is due at the time of collection and payments subsequent to restitution (“rental payment”). Please respect our payment conditions. 14.4 The Holder of Automobile Insurance Form shall also cover physical loss or damage to the Licensed Motor Vehicle, in an amount sufficient to cover the replacement value of such Licensed Motor Vehicle and subject to a maximum collision and an aggregate deductible of two thousand five hundred dollars ($2,500) per loss.