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.
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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.
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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.
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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.
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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.
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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.
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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.
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Related to Asset Use

  • Customer Property Customer Property is and shall remain your sole and exclusive property. “Customer Property” means all graphic user interface, text, content, images, video, music, designs, products, computer programs, drawings, documentation and other materials of any kind posted, submitted, provided or otherwise made available to us by you or an Authorized User in connection with the Products and Services. Customer Property may also contain Personal Information which is defined in Section 5.

  • TOOL STORAGE 1. A company shall provide on all construction jobs in towns and cities, and elsewhere where reasonably necessary and practicable (or if requested buy the employee), a suitable and secure waterproof lock-up solely for the purpose of storing employees’ tools, and on multi-storey and major projects the company shall provide, where possible, a suitable lock-up for employees’ tools within a reasonable distance of the work area of large groups of employees. 2. Where an employee is absent from work because of illness or accident and has advised the company in accordance with Clause 33 – Personal Leave of the award, the company shall ensure that the employee’s tools are securely stored during his/her absence.

  • Capital Equipment Collaborator’s commitment, if any, to provide ICD with capital equipment to enable the research and development activities under the Research Plan appears in Appendix B. If Collaborator transfers to ICD the capital equipment or provides funds for ICD to purchase it, then ICD will own the equipment. If Collaborator loans capital equipment to ICD for use during the CRADA, Collaborator will be responsible for paying all costs and fees associated with the transport, installation, maintenance, repair, removal, or disposal of the equipment, and ICD will not be liable for any damage to the equipment.

  • Excluded Assets Buyer expressly understands and agrees that the following assets and properties of Seller and the Retained Subsidiaries (the “Excluded Assets”) shall be excluded from the Purchased Assets: (a) all of Seller’s and the Retained Subsidiaries’ cash and cash equivalents on hand and in banks (except for such amounts, if any, as the parties may agree will be retained by the Purchased Subsidiaries and not constitute Purchased Subsidiary Pre-Closing Cash (the “Transferred Cash”)); (b) insurance policies relating to the Business and all claims, credits, causes of action or rights thereunder (except for Buyer’s rights under Section 5.05); (c) all Intellectual Property Rights (other than the Business Intellectual Property Rights), including the marks and names set forth in Section 2.03 of the Disclosure Schedule (the “Seller Trademarks and Tradenames”), and including all royalties and/or other license payments under any Portfolio Cross-License; (d) all books, records, files and papers, whether in hard copy or computer format, prepared in connection with this Agreement or the transactions contemplated hereby (other than confidentiality agreements with any Person relating to the Business, copies of which will be made available to Buyer at the Closing (it being understood that the portion of such copies not relating to the Business may be redacted)) and all minute books and corporate records of Seller and the Retained Subsidiaries; (e) the property and assets described in Section 2.03 of the Disclosure Schedule; (f) all rights of Seller or any of the Retained Subsidiaries arising under the Transaction Documents or the transactions contemplated thereby; (g) all Purchased Assets sold or otherwise disposed of in the ordinary course of business during the period from the date hereof until the Closing Date in compliance with the terms hereof; and (h) all of Seller’s and the Retained Subsidiaries’ claims for and rights to receive Tax refunds relating to the Business arising on or prior to the Closing Date.

  • Office Equipment The Client must not install any cabling, IT or telecom connections without the Provider’s consent, which the Provider may refuse at its absolute discretion.