Lost or damaged Assets. If any Asset is stolen, lost, damaged or destroyed, the Recipient must: (a) reinstate the Asset without using any of the Funds (including using the proceeds of insurance) provided for this agreement (unless DFAT's prior written consent is obtained to do otherwise); (b) notify DFAT in writing if the Asset is valued above the Asset Threshold at the time of purchase; and (c) this Clause 13 (Assets) continues to apply to the reinstated Asset.
Appears in 4 contracts
Samples: Complex Grant Agreement, Complex Grant Agreement, Complex Grant Agreement
