Asset Use Sample Clauses
The Asset Use clause defines the terms and conditions under which a party may utilize specific assets covered by the agreement. It typically outlines permissible uses, any restrictions or limitations, and may specify requirements such as maintenance, reporting, or obtaining prior consent for certain activities. For example, it might allow the use of equipment only for business purposes or prohibit subleasing without approval. The core function of this clause is to ensure that assets are used appropriately and as intended, thereby protecting the owner's interests and minimizing the risk of misuse or damage.
Asset Use. THE CONTRACTOR may use the assets or equipment located up to the Delivery Point and that are not vital for maintaining the existing exploitation conditions. Nevertheless, after the initial eighteen (18) Years of the Exploitation Period for each Exploitation Area or when 80% of its tested reserves have been produced, whichever occurs first, THE CONTRACTOR will require previous authorization from THE A▇▇ to use said assets.
Asset Use. Agency will use the Asset solely for the purpose of serving Clients under the Agency Agreement. For clarity, Agency may not use the Asset for other programs or activities carried out by Agency, or for personal use by Agency staff, volunteers, or Clients.
Asset Use. Any buildings or other personal property acquired by County as part of the Library System physical assets shall be used exclusively in perpetuity for the Library System. If, for any reason, any building or property utilized as part of the Library System is no longer utilized by the County as a public library facility or in the event this agreement is terminated pursuant to this agreement then such building or property shall be returned to the original owner.
Asset Use. The asset made the subject of this lease is to be used for: Disaster Response and Event Stand-by services. ▇▇▇▇▇▇ expressly agrees that lessee shall not:
(a) use the Asset for any illegal activity or any purpose other than those which are in compliance and conform to all federal, state, and local laws; (b) use the Asset for lease or rental to others; c) take or omit to take any action which materially impairs the value or usefulness of the Asset; d) use the Asset for any purpose other then what the Asset was manufactured and designed for; e) allow the asset to be driven or moved by someone who is not a licensed driver under all applicable state and federal laws and f) allow the Asset to be removed from the State of Louisiana without sending notification to and receiving permission from Lessor, and then, only to accomplish the mission for which out-of-state travel was necessary. Lessee is strictly prohibited from subletting, assigning, or granting the use or possession of subject asset. Lessee shall keep the Asset free and clear of all levies, liens, and encumberances.
Asset Use. The Company will use the Acquired Assets to further the Exempt Purposes of the Transferor, which includes, but is not limited to, restoring the health of the Chesapeake Bay and its watershed.
Asset Use. The Borrower:
(a) shall operate and otherwise use the Asset only in accordance with the Technical Documentation;
(b) comply with the terms relating to operation and storage of the Asset (including any anti- theft and other safety measures) set out in the Technical Documentation and the Insurance Policy and in each case operate and store the Asset in a manner that might not reasonably be expected to give rise to:
(i) termination of the Insurance Policy by the insurer; or
(ii) reduction of any monetary performance of the insurer under the Insurance Policy;
(c) shall ensure that no person who:
(i) does not have authorisation, appropriate professional training, qualification or actual skill to operate or use the Asset;
(ii) is under influence of alcohol, drugs, toxic, psychedelic or other similar substances affecting consciousness, perception or concentration, be allowed to operate or otherwise use the Asset;
(d) shall conduct appropriate and periodic training, relating to operation or other use of the Asset, of employees (if any) of the Borrower and other persons who operate or otherwise use the Asset;
(e) shall not transport the Asset to, or use the Asset:
(i) outside of the European Union; or
(ii) in, territories with increased risk of damage, including zones of military conflict or civil unrest;
(f) shall not change the actual location (address) in which the Asset is stored, without the prior written consent of ESKA; and
(g) shall keep fully functional the GPS localisation and track & trace mechanism with which the Asset may be equipped (whether they are in-built or portable (detachable)), unless the Borrower has obtained a prior express written consent of ESKA permitting the Borrower to act otherwise.
Asset Use. The asset made the subject of this lease is to be used for: Disaster Response and Event Stand-by services. Lessee expressly promises that the asset made the subject of this lease shall not and that lessee shall not:
(a) use the asset for any illegal purpose; (b) drive or allow the asset to be driven by a person without a valid Louisiana driver license; (c) allow the asset to be driven by any person other than the Lessee, or a fully qualified driver under all applicable federal, state and local laws who is a direct employee of the Lessee and who possesses a valid Louisiana driver license; (d) garage the asset outside the state where the lease was executed; (e) use the asset for lease or rental to others; (f) allow the asset to be operated in any fashion by any person under the influence of intoxicants; and (g) allow the asset to be removed from the State of Louisiana without notification to Lessor, and then, only to accomplish the mission for which out- of-state travel was necessary. Lessee is strictly prohibited from subletting, assigning, or granting the use or possession of subject vehicle.