Common use of OBLIGATIONS OF THE OWNER Clause in Contracts

OBLIGATIONS OF THE OWNER. During the Term, the Party having title to any equipment to which Clauses 7.1 applies: (a) shall not sell, hire, charge, mortgage, pledge or otherwise encumber the Equipment; (b) shall ensure that the said Equipment is properly insured and maintained in good working order and, if required, repaired and replaced, and shall be responsible for any other costs and liabilities associated with the said Equipment; and (c) shall make the said Equipment available to all the other Parties for the Project.

OBLIGATIONS OF THE OWNER. During the Term, the Party having title to any equipment to which Clauses 7.1 applies: (a) : shall not sell, hire, charge, mortgage, pledge or otherwise encumber the Equipment; (b) ; shall ensure that the said Equipment is properly insured and maintained in good working order and, if required, repaired and replaced, and shall be responsible for any other costs and liabilities associated with the said Equipment; and (c) and shall make the said Equipment available to all the other Parties for the Project.