Common use of Period of Use Clause in Contracts

Period of Use. 3.1. This Agreement is made for a fixed period, i.e. for the period of performing the subject matter for which the Equipment shall be used. 3.2. The Lender may request the Equipment return before the end of the determined period of use as per Article 3.1. above if the Borrower uses the Equipment in contradiction with the purposes specified herein. 3.3. The Borrower has a right to terminate the loan agreement without stating any reason. The notice shall take effect by its delivery to the other Contracting Party.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement

Period of Use. 3.1. This Agreement is made for a fixed period, i.e. for the period of performing the subject matter for which the Equipment shall be used. 3.2. The Lender may request the Equipment return before the end of the determined period of use as per Article 3.1. above if the Borrower uses the Equipment in contradiction with the purposes specified herein. 3.3. The 3.3.The Borrower has a right to terminate the loan agreement agreement, however not without stating any reason. a reason for the termination.. The notice shall take effect by its delivery to the other Contracting Party.

Appears in 1 contract

Samples: Loan Agreement

Period of Use. 3.1. This Agreement is made for a fixed period, i.e. for the period of performing the subject matter for which the Equipment shall be used. 3.2. The Lender may request the Equipment return before the end of the determined period of use as per Article 3.1. above if the Borrower uses the Equipment in contradiction with the purposes specified herein. 3.3. The 3.3.The Borrower has a right to terminate the loan agreement without stating any reason. The notice shall take effect by its delivery to the other Contracting Party.

Appears in 1 contract

Samples: Loan Agreement