Common use of Additional Lessee Covenants Clause in Contracts

Additional Lessee Covenants. The Lessee agrees to use every reasonable precaution to prevent loss or damage to the Nuclear Material. All individuals handling or operating Nuclear Material in the possession of the Lessee shall be conclusively presumed not to be agents of the Lessor. The Lessee shall cooperate fully with the Lessor and all insurance companies and governmental agencies providing insurance under Section 12 hereof in the investigation and defense of any claims or suits arising from the licensing, acquisition, storage, containerization, transportation, blending, transfer, consumption, leasing, insuring, operating, disposing, fabricating and reprocessing of the Nuclear Material. To the extent required by any applicable law or regulation, the Lessee shall attach to the Nuclear Material the form of required notice to protect or disclose the ownership of the Lessor or that the Nuclear Material is leased. So long as no Lease Event of Default shall have occurred and be continuing, the Lessor will assign or otherwise make available to the Lessee all of its rights under any Manufacturer's warranty on Nuclear Material. The Lessee shall pay all costs, expenses, fees and charges, except Acquisition Costs, incurred by the Lessee in connection with the use and operation of the Nuclear Material during the term of the lease of such Nuclear Material. The Lessee hereby assumes all risks of loss or damage of Nuclear Material however caused and shall, at its own expense, keep the Nuclear Material in good operating condition and repair, reasonable wear and tear, obsolescence and exhaustion excepted.