Loaned Materials definition
Examples of Loaned Materials in a sentence
Upon termination of this Agreement for any reason, each Party will promptly disclose all Research Results, to the extent they exist, and return all Loaned Materials to the other Party as set forth in Section 4.3 (h).
Subject to the terms and conditions of this Agreement, BUYER hereby grants SUPPLIER a personal, limited, non-exclusive, non-transferable, royalty-free license, without the right to sublicense, under BUYER’s Intellectual Property Rights to use the Specifications and the Loaned Materials provided by BUYER during the term of this Agreement, solely internally, and solely for the purpose of manufacturing the Products for BUYER.
All such Loaned Materials shall be sent to SUPPLIER at BUYER’s expense.
Such Loaned Materials will be used only for purposes of patient care.
All such Loaned Materials shall be provided to SUPPLIER on an “AS IS” and “AS AVAILABLE” basis and without warranty of any type or kind.
Subject to the license grant set forth above, BUYER agrees to loan free of charge to SUPPLIER, and SUPPLIER accepts on loan, certain items of Loaned Materials, as provided from time to time.
The Loaned Materials shall be loaned for an indefinite period during the term of this Agreement, but SUPPLIER’s right to use such Loaned Materials shall terminate automatically upon request by BUYER or termination of this Agreement, whichever is sooner.
If BUYER requests that the Loaned Properties be returned to BUYER, the loan of Loaned Properties shall terminate when the applicable Loaned Materials are received by BUYER.
BUYER agrees to reimburse any costs incurred by SUPPLIER for calibration and maintenance SUPPLIER has performed by third party vendors on Loaned Materials.
Any loss of or damage to the Loaned Materials by the School, and/or any Student shall be subject to the additional charges set forth on the Rate Schedule.