Common use of Risk, Insurance and Maintenance of Equipment Furnished by Nortel Networks Clause in Contracts

Risk, Insurance and Maintenance of Equipment Furnished by Nortel Networks. All Nortel Networks equipment in Flextronics’ custody or control shall be held at Flextronics’ risk and be kept insured by Flextronics at Flextronics’ expense in an amount no less than the replacement cost with loss payable to the supplying Nortel Company. Flextronics shall use such equipment solely in the performance of its obligations hereunder and with the consent of Nortel Networks Flextronics may use such equipment for other tasks. Upon the expiration or termination of this Agreement, or upon the written request of Nortel Networks at any time, Flextronics shall deliver such equipment to the supplying Nortel Company in the same condition as originally received by Flextronics, reasonable wear and tear excepted. The supplying Nortel Company shall have the right, at all reasonable times, upon prior request, to enter Flextronics’ premises to inspect any and all of its equipment and any equipment or goods manufactured, developed or created with the aid of its equipment.

Risk, Insurance and Maintenance of Equipment Furnished by Nortel Networks. All Nortel Networks equipment in Flextronics’ custody or control shall be held at Flextronics’ risk and be kept insured by Flextronics at Flextronics’ expense in an amount no less than the replacement cost Book Value, with loss payable to the supplying Nortel Company. Flextronics shall use such equipment solely in the performance of its obligations hereunder under this Agreement, and with the consent of Nortel Networks Networks, Flextronics may use such equipment for other tasks. Upon the expiration or termination of this Agreement, or upon the written request of Nortel Networks at any time, Flextronics shall deliver such equipment to the supplying Nortel Company in the same condition as originally received by Flextronics, reasonable wear and tear excepted. The supplying Nortel Company shall have the right, at all reasonable times, right upon prior request, to enter Flextronics’ premises to inspect any and all of its equipment and any equipment property or goods manufactured, developed or created with the aid of its equipment.