The Participant must. (a) not encumber or dispose of any Asset, or deal with or use any Asset other than in accordance with this clause, without the prior written approval of Cancer Australia; (b) hold all Assets securely and safeguard them against theft, loss, damage or unauthorised use; (c) maintain all Assets in good working order; (d) maintain all appropriate insurances in respect of any Assets; (e) be fully responsible for, and bear all risks arising in relation to, the use or disposal of any Asset; (f) maintain a register of all Assets recording the date of purchase or lease, the purchase or lease price, Asset description including serial number, Asset location, the proportion of the Funds used to create or acquire the Asset, the Depreciated value of the Asset and (where relevant) details of Asset disposal including the sale price; and (g) as and when requested, provide copies of the register of Assets to Cancer Australia.
Appears in 4 contracts
Samples: Funding Agreement, Funding Agreement, Funding Agreement
