Common use of Shared Equipment Clause in Contracts

Shared Equipment. A list of material items of Shared Equipment as of the date of this Agreement has been prepared and separately agreed to by the parties, and such list may be updated by the parties upon mutual written agreement. ▇▇▇▇▇▇ shall not be entitled to use any of Sharer’s equipment that is not Shared Equipment. The Shared Equipment shall include any replacements of such items or additions thereto as mutually agreed by the parties from time to time in accordance with this Agreement. Title to all items comprising the Shared Equipment shall remain with Sharer. The shared use under this Agreement does not constitute a conveyance of title. ▇▇▇▇▇▇ may use the Shared Equipment only in accordance with good engineering practices and only in the operation of Sharee’s Station and for no other purpose. Sharer shall maintain the Transmission Facilities consistent with good engineering practices and shall determine, in its reasonable good faith discretion, any ordinary course maintenance and repairs, non-ordinary course capital expenditures, upgrades or replacements necessary or desirable with respect to the Transmission Facilities.

Shared Equipment. A list of material items of Shared Equipment as of the date of this Agreement has been prepared and separately agreed to by the parties, and such list may be updated by the parties upon mutual written agreement. ▇▇▇▇▇▇ shall not be entitled to use any of Sharer’s equipment that is not Shared Equipment. The Shared Equipment shall include any replacements of such items or additions thereto as mutually agreed by the parties from time to time in accordance with this Agreement. Title to all items comprising the Shared Equipment shall remain with Sharer, and ▇▇▇▇▇▇ shall not move, damage, impair or interfere with such equipment. The shared use under this Agreement does not constitute a conveyance of title. ▇▇▇▇▇▇ may use the Shared Equipment only in accordance with good engineering practices and only in the ordinary course of operation of Sharee’s Station and for no other purpose. Sharer shall maintain the Transmission Facilities consistent with good engineering past practices and shall determine, in its reasonable good faith sole discretion, any ordinary course maintenance and repairs, non-ordinary course capital expenditures, upgrades or replacements necessary or desirable with respect to the Transmission Facilities.