Instrument Loans Sample Clauses
The Instrument Loans clause governs the terms under which one party temporarily provides instruments or equipment to another party. It typically outlines the responsibilities for care, maintenance, and return of the instruments, as well as any liability for loss or damage during the loan period. This clause ensures both parties understand their obligations and helps prevent disputes by clearly allocating responsibility and setting expectations for the use and return of loaned instruments.
Instrument Loans. On receipt of written request from a Player, the BBC will consider making a loan to a Player to purchase an instrument required for their services to the Orchestra. Any such loan will be offered to the Player atthe BBC’s sole discretion, and on the following conditions:
8.3.1 the Player must provide funding to purchase the instrument as follows: Up to £3000 50% £3000 – £5000 40% £5000 or more 30%
8.3.2 the Player must repay the loan within the periods specified below: Up to £3000 1 year £3000 – £5000 2 years £5000 or more 3 years
8.3.3 A guarantor must be provided for loans over £1000 or for a Player with short service.
8.3.4 A Player must provide evidence of the purchase within one month of the loan being granted.
Instrument Loans. For Advantage Plus Service Plans, Cepheid will loan at no additional cost a comparable instrument (“Loaner Instrument”) to Customer if a Covered Instrument cannot operate for more than three consecutive days during the Term. The Loaner Instrument may be multiple smaller instruments if the Covered Instrument is an Infinity system. The Loaner Instrument will be available for Customer’s use at the location of the inoperable Covered Instrument from the time of installation until the Covered Instrument is repaired (“Loan Period”). During the Loan Period, the Loaner Instrument will be a Covered Instrument. Cepheid owns the Loaner Instrument, and Customer has no rights to the Loaner Instrument except as stated in this clause. Customer must return the Loaner Instrument to Cepheid within 30 days after the end of the Loan Period using the same instrument return procedures as stated above.
Instrument Loans. Parent hire and School hire rates