Common use of On-loan Instruments Clause in Contracts

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.