Possession and Use of Equipment Sample Clauses

Possession and Use of Equipment. (i) Sublessee will not, without Sublessor’s prior written consent or except as otherwise permitted under Section 3(c)(ii), the relevant Prime Lease or the relevant Applicable Equipment Schedule, part with possession or control of the Equipment or any part thereof or attempt to sell, assign, pledge, or otherwise encumber or transfer any interest under this Sublease, any Prime Lease or any Applicable Equipment Schedule. Sublessee will use, and will cause each Affiliate User (as defined in Section 3(c)(ii)) to use, the Equipment in a reasonably careful and proper manner consistent with industry practice and any applicable terms of each Prime Lease and Applicable Equipment Schedule, in the conduct of the lawful business of Sublessee or such Affiliate User. Notwithstanding the foregoing, Sublessee will assume all maintenance obligations set forth in each Prime Lease and Applicable Equipment Schedule. Sublessee will comply, and will cause each Affiliate User to comply, with all applicable laws, rules and regulations in its maintenance, use and operation of the Equipment. (ii) Sublessee’s Affiliates will be entitled to use the Equipment on the following conditions: (A) such use is not prohibited by the relevant Prime Lease or Applicable Equipment Schedule; (B) Sublessee notifies Sublessor of such use at least five (5) business days in advance, which notice must also provide the name of the Affiliate and the location(s) at which the Equipment will be stored and/or used; (C) Sublessee provides such additional information as Sublessor may reasonably request; and (D) such use must be in a manner permitted by this Sublease. Each Affiliate of Sublessee that uses Equipment in accordance with this Section 3(c)(ii) will be referred to herein as an “Affiliate User”. With respect to each Affiliate User, the foregoing right of use will terminate automatically when such entity is no longer an Affiliate of Sublessee.
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Related to Possession and Use of Equipment

  • Possession and Use Contractor may possess, use and reproduce Confidential Information solely for the Purpose. Contractor shall not use the Confidential Information for any other purpose.

  • Use of Equipment mechanical failure of the equipment; negligent design or manufacture of the equipment; the provision of or the failure by the Organization to provide any warnings, directions, instructions or guidance as to the use of the equipment; failure to use or operate the equipment within my own ability.

  • Possession and Use of Collateral Subject to the provisions of the Security Documents, the Issuer and the Guarantors shall have the right to remain in possession and retain exclusive control of and to exercise all rights with respect to the Collateral (other than monies or U.S. government obligations deposited pursuant to Article VIII, and other than as set forth in the Security Documents and this Indenture), to operate, manage, develop, lease, use, consume and enjoy the Collateral (other than monies and U.S. government obligations deposited pursuant to Article VIII and other than as set forth in the Security Documents and this Indenture), to alter or repair any Collateral so long as such alterations and repairs do not impair the creation or perfection of the Lien of the Security Documents thereon, and to collect, receive, use, invest and dispose of the reversions, remainders, interest, rents, lease payments, issues, profits, revenues, proceeds and other income thereof.

  • Maintenance of Equipment The Equipment shall be maintained in good operating condition and repair (reasonable wear and tear excepted) and all necessary replacements of and repairs thereto shall be made so that the value and operating efficiency of the Equipment shall be maintained and preserved. No Borrower shall use or operate the Equipment in violation of any law, statute, ordinance, code, rule or regulation. Each Borrower shall have the right to sell Equipment to the extent set forth in Section 4.3 hereof.

  • Lease of Equipment Lessor leases to Lessee, and Lessee leases from Lessor, all the property described in the Lease Schedules which are signed from time to time by Lessor and Lessee.

  • Removal of Equipment Subject, always, to the other terms and provisions of this Fee Agreement, the Company and any Sponsor Affiliates shall be entitled to remove and dispose of components of the Project from the Project in its sole discretion with the result that said components shall no longer be considered a part of the Project and, to the extent such constitute Economic Development Property, shall no longer be subject to the terms of this Fee Agreement. Economic Development Property is disposed of only when it is scrapped or sold or removed from the Project. If it is removed from the Project, it is subject to ad valorem property taxes to the extent the Property remains in the State and is otherwise subject to ad valorem property taxes.

  • Location of Equipment The Customer shall not remove the Equipment from the location shown herein as the place of use of the equipment, without prior written approval of the Company. The Customer shall inform the Company by email upon demand of the exact location of the Equipment while it is in the Customer’s possession.

  • PURCHASE OF EQUIPMENT AND PERSONAL PROPERTY For valuable consideration, the sum of $1.00, receipt of which is acknowledged, Xxxxxx agrees to quitclaim, transfer, sell, waive and release any interest it has or may have, including as the beneficiary of any trust interest created by the provisions of The Book of Discipline of The United Methodist Church, and Xxxxx agrees to accept all of Seller’s title and interest, if any, in and to all of the properties and assets held by Xxxxxx United Methodist Church and relating to the Conference’s claim for itself, or on behalf of The United Methodist Church, of any beneficial right of any kind, including all proprietary rights and privileges of any kind or nature, whether arising by operation of law, trust, contract, property or other means to all tangible personal property owned as of the date of this Bill of Sale in the name of Xxxxxx United Methodist Church (including, without limitation, cash, bank accounts, accounts and notes receivable, deposits, prepaid items, contents, furnishings, equipment, tools, furniture, leasehold improvements, computer software, permits, licenses, authorizations, books, records, papers, securities, funds, goodwill, contracts, and other intangibles (hereinafter collectively, the "Personal Property") on the terms and conditions set forth in this Bill of Sale.

  • Installation and Use Rights You may install and use any number of copies of the software on your devices.

  • Condition of Equipment Each Grantor will maintain or cause to be maintained and preserved in good condition, repair and working order, ordinary wear and tear excepted, the Equipment (necessary or useful to its business) and will forthwith, or in the case of any loss or damage to any Equipment of any Grantor within a commercially reasonable time after the occurrence thereof, make or cause to be made all repairs, replacements and other improvements in connection therewith which are necessary or desirable, consistent with past practice, or which the Collateral Agent may request to such end. Any Grantor will promptly furnish to the Collateral Agent a statement describing in reasonable detail any such loss or damage in excess of $25,000 per occurrence to any Equipment.

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