Common use of Use and dealings Clause in Contracts

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. (b) During the Agreement Period, the Recipient must: (i) obtain good title to all Assets (other than Assets which the Recipient leases); (ii) hold all Assets securely and safeguard them against Fraud, theft, loss, damage, or unauthorised use; (iii) maintain all Assets in good working order; (iv) maintain all appropriate insurances in respect of any Assets; (v) if required by Law, maintain registration and licensing of all Assets; (vi) be fully responsible for, and bear all risks relating to, the use or disposal of all Assets; and (vii) 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. (c) 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 Re ports). (d) 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.

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. (b) During the Agreement Period, the Recipient must: (i) obtain good title to all Assets (other than Assets which the Recipient leases); (ii) hold all Assets securely and safeguard them against Fraud, theft, loss, damage, or unauthorised use; (iii) maintain all Assets in good working order; (iv) maintain all appropriate insurances in respect of any Assets; (v) if required by Law, maintain registration and licensing of all Assets; (vi) be fully responsible for, and bear all risks relating to, the use or disposal of all Assets; and (vii) 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. (c) 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 Re portsReports). (d) 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.