Common use of Possession and Use of the Equipment Clause in Contracts

Possession and Use of the Equipment. Lessee shall use the Equipment solely in the United States and in the conduct of its business, and shall not permanently discontinue the use of the Equipment. Each Unit shall be used by Lessee in a manner consistent with its intended purpose and in accordance with its specification. Subject to the terms of Section 13 relating to permitted contests, Lessee shall pay, or cause to be paid, all charges and costs required in connection with the use of the Equipment. Lessee shall not commit or permit any waste of any Equipment or any part thereof.

Appears in 2 contracts

Sources: Lease Agreement (Hanover Compressor Co /), Lease (Hanover Compressor Co /)