Common use of Maintenance Covenant Clause in Contracts

Maintenance Covenant. The Lessee will: (1) Furnish all labor and parts required for maintaining, repairing, and replacing component parts of the Equipment to keep it in good operating condition and appearance; (2) Use, operate, maintain, and store the Equipment in a careful and proper manner; (3) Protect the Equipment from deterioration; (4) Comply with the manufacturer's operating procedures and warranty restrictions and all laws, ordinances, and regulations applicable to the Equipment or its use and in compliance with the insurance policies required to be maintained thereunder; (5) Put the Equipment only to the use contemplated by the manufacturer; and (6) Maintain accurate and complete records of all repairs and maintenance of the Equipment and allow the Lessor to inspect those records at any time. (7) Comply with the maintenance requirements of any maintenance schedule recommended by the manufacturer or attached as a part of this agreement. The Lessee will not make any alterations, additions, or improvements to the Equipment without the Lessor's prior written consent, which consent shall not be unreasonably withheld. All repairs, replacement parts, additions, alterations, and improvements made to the Equipment by the Lessee will be considered to be the Lessor's property and subject to the terms of this Agreement.

Appears in 1 contract

Sources: Master Equipment Lease (Packeteer Inc)

Maintenance Covenant. The Lessee will: (1) Furnish all labor and parts required for maintaining, repairing, and replacing component parts of the Equipment to keep it in good operating condition and appearance; (2) Use, operate, maintain, and store the Equipment in a careful and proper manner; (3) Protect the Equipment from deterioration; (4) Comply with the manufacturer's operating procedures and warranty restrictions and all laws, ordinances, and regulations applicable to the Equipment or its use and in compliance with the insurance policies required to be maintained thereunder; (5) Put the Equipment only to the use contemplated by the manufacturer; and (6) Maintain accurate and complete records of all repairs and maintenance of the Equipment and allow the Lessor to inspect those records at any time. (7) Comply with the maintenance requirements of any maintenance schedule recommended by the manufacturer or attached as a part of this agreement. The Lessee will not make any alterations, additions, or improvements to the Equipment without the Lessor's prior written consent, which consent shall not be unreasonably withheld. All repairs, replacement parts, additions, alterations, and improvements made to the Equipment by the Lessee will be considered to be the Lessor's property and subject to the terms of this Agreement.

Appears in 1 contract

Sources: Master Equipment Lease Commitment (Virologic Inc)