Limitations on Equipment Sample Clauses

The 'Limitations on Equipment' clause defines restrictions on the type, quantity, or use of equipment permitted under an agreement. Typically, this clause specifies which equipment may be used, sets standards for maintenance or operation, and may prohibit the use of unauthorized or unsafe devices. Its core function is to ensure safety, compliance, and proper functioning by preventing misuse or introduction of unsuitable equipment, thereby reducing risk and potential liability for all parties involved.
Limitations on Equipment. With respect to the interests in Equipment that are subject to Pledges hereunder, such interests are limited to those that constitute Related Security for the related Receivable. Therefore, upon the payment in full of any Receivable, the Agent, the Company and the Bank Investors shall have no further interest hereunder in the related Equipment, and all such Equipment shall be held by the Operating Lease Pledgor or its assignee free and clear of any lien or other claim created or imposed pursuant to this Agreement.
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Limitations on Equipment. If any equipment or installations other than those described in the Final Plans are installed by Licensee, Licensor may, at Licensor’s sole discretion, and in addition to Licensor’s other rights and remedies under this Agreement, (i) increase the License Fee, which increase will be determined by Licensor, in Licensor’s sole discretion, or (ii) require Licensee to immediately remove such equipment at Licensee’s expense. If Licensee removes any such equipment, from and after the date of such removal, the License Fee shall not be increased based on the existence of such equipment. This paragraph shall not apply to a Permitted Modification (as defined below).
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Limitations on Equipment shall be deleted in its entirety and the following text shall be inserted in place thereof: District may not load the Equipment to a capacity greater than that indicated below in any billing cycle at any time during the Term of this Agreement. Ontario Elementary School: 500-KVA ▇▇▇▇▇ Intermediate School: 1,000-KVA New Swimming Pool Facility: 300-KVA All existing High School transformers are the property of the District and are not part of this agreement.
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Related to Limitations on Equipment

  • Limitations on Use No part of the moneys delivered to the Recipient pursuant to Section II hereof is being or will be used to refinance, retire, redeem, or otherwise pay debt service on all or any part of any part of any governmental obligations regardless of whether the interest on such obligations is or was excluded from gross income for federal income tax purposes unless prior approval by the Director is given.

  • Limitations on Warranties Notwithstanding anything else in this Agreement: Neither party shall be liable for any indirect, special, incidental, punitive or consequential damages, including but not limited to loss of data, business interruption, or loss of profits, arising out of the use of or the inability to use the Licensed Materials. Licensor makes no representation or warranty, and expressly disclaims any liability with respect to the content of any Licensed Materials, including but not limited to errors or omissions contained therein, libel, infringement of rights of publicity, privacy, trademark rights, moral rights, or the disclosure of confidential information. Except for the express warranties stated herein, the Licensed Materials are provided on an "as is" basis, and Licensor disclaims any and all other warranties, conditions, or representations (express, implied, oral or written), relating to the Licensed Materials or any part thereof, including, without limitation, any and all implied warranties of quality, performance, merchantability or fitness for a particular purpose. Licensor makes no warranties respecting any harm that may be caused by the transmission of a computer virus, worm, time bomb, logic bomb or other such computer program. Licensor further expressly disclaims any warranty or representation to Authorized Users, or to any third party.