Use and dealings. (a) During the Agreement Period, the Recipient must use any Asset only for the purposes of the Project, or other purposes consistent with the Outcomes.
Use and dealings. (a) During the Agreement Period, the Recipient must use any Asset only for the purposes of the Activity, or other purposes consistent with the Outcomes approved by DFAT.
Use and dealings. During the Agreement Period, the Recipient must use any Asset only for the purposes of the Activity, or other purposes consistent with the Outcomes approved by DFAT. During the Agreement Period, the Recipient must: obtain good title to all Assets (other than Assets which the Recipient leases); hold all Assets securely and safeguard them against Fraud, theft, loss, damage, or unauthorised use; maintain all Assets in good working order; maintain all appropriate insurances in respect of any Assets; if required by Law, maintain registration and licensing of all Assets; be fully responsible for, and bear all risks relating to, the use or disposal of all Assets; and maintain an Asset Register containing the details as described in Clause 13.3 (Asset Register) and provide a copy of the Assets Register to DFAT on request. The Recipient must reconcile the Asset Register with the Assets annually and include the results of that reconciliation in the annual report to be provided to DFAT set out in Clause 15.3 (Annual Reports). The Asset Register and other relevant documents such as import papers and manufacturers' warranties relating to the Assets must be available for audit or review as required by DFAT. Sale or disposal The Recipient must not: dispose (including any write-offs) of Assets unless: the disposal is conducted on an arms-length basis; and any conflicts of interest relevant to the disposal are disclosed to DFAT pursuant to Clause 26 (Conflict of Interest). If the Recipient sells or otherwise disposes of an Asset during the Agreement Period, the proceeds of any sale or disposal of the Assets forms part of the Funds. If the Recipient sells or otherwise disposes of an Asset during the Agreement Period, DFAT is entitled, at its discretion, to recover from the Recipient: the value of the Asset obtained from the sale or disposal of the Asset; or the market value of the Asset.
Use and dealings. During the Agreement Period, the Recipient must:
Use and dealings. During the Agreement Period, the Recipient must use any Asset only for the purposes of the Project, or other purposes consistent with the Outcomes. During the Agreement Period, the Recipient must: obtain good title to all Assets (other than Assets which the Recipient leases); not encumber or dispose of any Asset without ARENA's prior approval; hold all Assets securely and safeguard them against theft, loss, damage, or unauthorised use; maintain all Assets in good working order; maintain all appropriate insurances in respect of any Assets; if required by Law, maintain registration and licensing of all Assets; be fully responsible for, and bear all risks relating to, the use or disposal of all Assets; and if specified in item 15 of Schedule 1, maintain an Assets register containing the details as described in item 15 of Schedule 1 and provide a copy of the register to ARENA on request. Sale or disposal If the Recipient sells or otherwise disposes of an Asset during the Agreement Period, ARENA, at its discretion: is entitled to recover from the Recipient the proportion of the value of the Asset following Depreciation calculated as at the date of sale or disposal which is equivalent to the proportion of the purchase price of the Asset that was funded from the Funds; or is entitled to recover from the Recipient the proportion of the market value of the Asset which is equivalent to the proportion of the purchase price of the Asset that was funded from the Funds.
Use and dealings. (a) Subject to the approval of the Commonwealth, the Recipient can use the Funds in whole or in part to purchase an Asset.
Use and dealings. (a) During the Term, the Grantee must use any Asset only for the purposes of the Project, or other purposes consistent with the Objectives
Use and dealings. During the Agreement Period, the Recipient must use any Asset only for the purposes of the Activities, or other purposes consistent with the Outcomes. During the Agreement Period, the Recipient must: not encumber, dispose or deal with any Asset valued at $50,000 (excluding GST) or above other than in accordance with this clause 15, without the Department's prior approval; hold all Assets securely and safeguard them against theft, loss, damage, or unauthorised use and ensure they are adequately insured as described in clause 19; maintain all Assets in good working order; and be fully responsible for, and bear all risks relating to, the use or disposal of all Assets. Intellectual Property Rights
Use and dealings. (a) During the Agreement, the Recipient (or other Group entities) must use an Asset in accordance with this Agreement, for the purposes of the Project, and for purposes consistent with the Deliverables.
