On-loan Instruments Sample Clauses

On-loan Instruments. 8.1 The On-loan Instruments to be provided by the Seller to the Buyer during the Validity Period must be compatible for use with the Goods, and shall be provided for the Buyer’s use free of charge. The Seller shall be responsible for the cost of delivery to and collection from the specified locations. 8.2 Title and risk of the On-loan Instruments shall remain with the Seller who shall be responsible for the proper maintenance of the instruments, including but not limited to reasonable periodic preventive and corrective maintenance, to ensure their safety standard is maintained at all times and that they are fit for the intended use. 8.3 The On-loan Instruments must comply with all applicable laws, regulations, statutory requirements and requirements of any competent authority (including those relating to health, safety, importation, registration, sale and use) in both the country of origin and in Hong Kong. 8.4 The use of the On-loan Instruments must not infringe any patent or copyright or third party intellectual property rights. 8.5 The Seller must provide all relevant documentation (including but not limited to operating manuals) to the Buyer and must provide necessary training to the Buyer to ensure Buyer’s safe and proper operation of the On-loan Instruments. 8.6 The Seller shall not claim for damages to any of the On-loan Instruments that are caused by wear and tear under normal use by the Buyer. If the On-loan Instruments are lost or destroyed whilst in the custody of the Buyer, the Seller and the Buyer shall agree on a fair value thereof to be paid for such instruments but such amount, if any, shall not exceed the selling prices of the instruments as provided by the Seller in Schedule E.
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On-loan Instruments. 15.1 The Seller has agreed to lend the instruments set out in Schedule E to Hospitals for use on a free of charge basis. The Seller shall be responsible for the cost of delivery to and collection from the specified locations. The Seller has provided the selling prices of the instruments to the HA. 15.2 The title and risk of the ‘on loan’ instruments shall remain with the Seller who shall be responsible for the proper maintenance of the instruments to ensure their safety standard is always maintained to fit for the intended use. 15.3 The Seller shall not claim for damage to the ‘on loan’ instruments that are caused by wear and tear under normal use by the Hospital. If the ‘on loan’ instruments are lost or destroyed whilst in the custody of a Hospital, the Seller and the Hospital shall agree upon a fair value thereof to be paid for such instruments but such amount, if any, shall not exceed the selling price provided to the HA. 15.4 If the Seller or any employee or agent of the Seller shall be found to have committed an offense under the Prevention of Bribery Ordinance (Cap 201) or any subsidiary legislation made thereunder or under any law of a similar nature, the HA may by notice terminate this Agreement.
Sample 1
On-loan Instruments. 15.1 The Seller has agreed to lend the instruments set out in Schedule F to Hospitals for use on a free of charge basis. The Seller shall be responsible for the cost of delivery to and collection from the specified locations.
Sample 1

Related to On-loan Instruments

  • Promissory Note The Promissory Note is enclosed. The Chief Financial Officer is required to sign it and return it to the OPWC Loan Officer, Xxxxx XxXxxx. It is preferable that you scan and email it to her at Xxxxx.XxXxxx@xxx.xxxxx.xx.xx but may also mail it to the address on our letterhead. Only use one method.

  • Loan Agreements Notwithstanding any term hereof (or any term of the UCC that might otherwise be construed to be applicable to a “securities intermediary” as defined in the UCC) to the contrary, none of the Collateral Agent, the Collateral Custodian nor any securities intermediary shall be under any duty or obligation in connection with the acquisition by the Borrower, or the grant by the Borrower to the Collateral Agent, of any Loan Asset in the nature of a loan or a participation in a loan to examine or evaluate the sufficiency of the documents or instruments delivered to it by or on behalf of the Borrower under the related Loan Agreements, or otherwise to examine the Loan Agreements, in order to determine or compel compliance with any applicable requirements of or restrictions on transfer (including without limitation any necessary consents). The Collateral Custodian shall hold any Instrument delivered to it evidencing any Loan Asset granted to the Collateral Agent hereunder as custodial agent for the Collateral Agent in accordance with the terms of this Agreement.

  • Security Instruments (i) The Administrative Agent shall fail to have an Acceptable Security Interest in any portion of the Collateral or (ii) any Security Instrument shall at any time and for any reason cease to create the Lien on the Property purported to be subject to such agreement in accordance with the terms of such agreement, or cease to be in full force and effect, or shall be contested by the Borrower, any Guarantor or any of their respective Subsidiaries;

  • The Loan Section 2.01. (a) ADB agrees to lend to the Borrower from ADB's ordinary capital resources an amount of one hundred million Dollars ($100,000,000), as such amount may be converted from time to time through a Currency Conversion in accordance with the provisions of Section 2.06 of this Loan Agreement.

  • of the Loan Agreement Section 14.1.1(c)(iii) of the Loan Agreement is hereby amended and restated in its entirety to read as follows:

  • Security Instrument Borrower will execute the Security Instrument dated of even date with this Loan Agreement. The Security Instrument will be recorded in the applicable land records in the Property Jurisdiction.

  • Promissory Notes Any Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its permitted registered assigns) and in a form attached hereto as Exhibit C. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the payee named therein (or, if such promissory note is a registered note, to such payee and its permitted registered assigns).

  • Execution of Credit Agreement; Loan Documents The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrower, (iii) counterparts of the Security Agreement and each other Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable and (iv) counterparts of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto.

  • Other Instruments The parties hereto covenant and agree that they will execute each such other and further instruments and documents as are or may become reasonably necessary or convenient to effectuate and carry out the purposes of this Agreement.

  • Senior Loan Documents The executed Senior Loan Documents are the same forms as approved by HUD prior to the date of this Agreement. Upon execution and delivery of the Senior Loan Documents, Borrower shall deliver to Subordinate Lender an executed copy of each of the Senior Loan Documents, certified to be true, correct and complete.

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