Common use of DAMAGE TO FACILITIES Clause in Contracts

DAMAGE TO FACILITIES. In the event that any licensed facilities, equipment, or any other UFRFI or University property is damaged or destroyed through use, misuse, or negligence by Licensee, UFRFI may make the required repairs or replacement of damaged property and shall provide Licensee with an invoice representing the loss to UFRFI or the University (whether replaced or repaired or otherwise), said invoice to be due and payable by Licensee in accordance with its terms. In the event that normal maintenance is required for said facilities, equipment, or UFRFI or University property, Licensee shall notify the Incubator Manager, who is the sole person authorized to arrange for such service. The cost for any unauthorized repairs ordered by Licensee shall be borne exclusively by Licensee.

Appears in 2 contracts

Samples: Incubator License Agreement (Oragenics Inc), Martin Biotechnology Development Institute Incubator License Agreement (Ixion Biotechnology Inc)

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DAMAGE TO FACILITIES. In the event that any licensed facilities, equipment, -------------------- or any other UFRFI or University property is damaged or destroyed through use, misuse, or negligence by Licensee, UFRFI may make the required repairs or replacement of damaged property and shall provide Licensee with an invoice representing the loss to UFRFI or the University (whether replaced or repaired or otherwise), said invoice to be due and payable by Licensee in accordance with its terms. In the event that normal maintenance or repair is required for said facilities, equipment, or UFRFI or University property, Licensee shall notify the Incubator Manager, who is the sole person authorized to arrange for such service. The cost for any unauthorized repairs ordered by Licensee shall be borne exclusively by Licensee. All other costs of maintenance and repair shall be borne by UFRFI.

Appears in 1 contract

Samples: Incubator License Agreement (Curagen Corp)

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DAMAGE TO FACILITIES. In the event that any licensed facilities, equipment, or any other UFRFI UFRF or University property is damaged or destroyed through use, misuse, or negligence by Licensee, UFRFI UFRF may make the required repairs or replacement of damaged property and shall provide Licensee with an invoice representing the reasonable loss to UFRFI UFRF or the University (whether replaced or repaired or otherwise), said invoice to be due and payable by Licensee in accordance with its terms. In the event that normal maintenance is required for said facilities, equipment, or UFRFI UFRF or University property, Licensee shall notify the Incubator Manager, who is the sole person authorized to arrange for such service. The cost for any unauthorized repairs ordered by Licensee shall be borne exclusively by Licensee.

Appears in 1 contract

Samples: Incubator License Agreement (AxoGen, Inc.)

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