Common use of Capital Assets Clause in Contracts

Capital Assets. 26.1 During the useful life of a Capital Asset, and notwithstanding the termination or expiry of this Agreement, no Capital Asset shall be sold, charged, loaned, or otherwise disposed of or cease to be used for the purposes of the Project without our prior written consent and such consent (if given) may be conditional on repayment to us of the relevant part of the Grant and shall be subject to clause 27 (GLA Interest in Capital Assets).

Capital Assets. 26.1 During the useful life of a Capital Asset, and notwithstanding the termination or expiry of this Agreement, no Capital Asset shall be sold, charged, loaned, or otherwise disposed of or cease to be used for the purposes of the Project without our prior written consent and such consent (if given) may be conditional on repayment to us of the relevant part of the Grant and shall be subject to clause 27 (GLA LDA Interest in Capital Assets).