Common use of MEASURE LIFE Clause in Contracts

MEASURE LIFE. It is the express intention of the Parties that the Equipment and efficiency measures funded in whole or in part with the Incentive Award shall be used for the purposes intended under the Program and this Agreement, and that all such efficiency measures and Equipment funded by the Trust will be used for their rated useful life. By accepting an Incentive Award, Recipient hereby agrees that it will not discontinue use of the installed efficiency measures and Equipment without prior written approval from the Trust. Any authorized transferee or assignee of this Agreement or the Equipment shall be bound by the obligation to keep the efficiency measures and Equipment in place and in use pursuant to the terms of this Agreement.

MEASURE LIFE. It is the express intention of the Parties that the Equipment and efficiency measures funded in whole or in part with the Incentive Award shall be used for the purposes intended under the Program and this Agreement. By accepting an Incentive Award, Recipient hereby agrees that it will not alter, modify or discontinue use of the installed efficiency measures and Equipment without prior written approval from the Trust and that all such efficiency measures and Equipment funded by the Trust will be used for their rated useful life. By accepting an Incentive Award, Recipient hereby agrees that it will not discontinue use of the installed efficiency measures and Equipment without prior written approval from the Trust. Any authorized transferee or assignee of this Agreement or the Equipment shall be bound by the obligation to keep the efficiency measures and Equipment in place and in use pursuant to the terms of this Agreement.