Recipient’s responsibilities for Asset. 9.3.1. Throughout the Term, the Recipient agrees to: a. use any Asset in accordance with this Agreement and for the purposes of the Activity; b. not encumber or Dispose of any Asset, or deal with or use any Asset other than in accordance with this clause 9 without the Commonwealth’s prior written approval; c. hold all Assets securely and safeguard them against theft, loss, damage, or unauthorised use; d. maintain all Assets in good working order; e. maintain all appropriate insurances for all Assets to their full replacement cost noting the Commonwealth’s interest, if any, in the Asset under the Agreement; f. if required by law, maintain registration and licensing of all Assets; g. be fully responsible for, and bear all risks relating to, the use or Disposal of all Assets; and h. if specified in Item E, maintain an Assets register in the form and containing the details as described in Item E and as and when requested by the Commonwealth, provide copies of the Assets register to the Commonwealth.
Appears in 6 contracts
Samples: Funding Agreement, Funding Agreement, Funding Agreement
Recipient’s responsibilities for Asset. 9.3.1
8.3.1. Throughout the Term, the Recipient agrees to:
a. use any Asset in accordance with this Agreement and for the purposes of the Activity;
b. not encumber or Dispose of any Asset, or deal with or use any Asset other than in accordance with this clause 9 8 without the Commonwealth’s prior written approval;
c. hold all Assets securely and safeguard them against theft, loss, damage, or unauthorised use;
d. maintain all Assets in good working order;
e. maintain all appropriate insurances for all Assets to their full replacement cost noting the Commonwealth’s interest, if any, in the Asset under the Agreement;Agreement;
f. if required by law, maintain registration and licensing of all Assets;
g. be fully responsible for, and bear all risks relating to, the use or Disposal of all Assets; and
h. if specified in Item EF, maintain an Assets register in the form and containing the details as described in Item E F and as and when requested by the Commonwealth, provide copies of the Assets register to the Commonwealth.Commonwealth.
Appears in 1 contract
Samples: Funding Agreement
