Common use of Usage Requirements Clause in Contracts

Usage Requirements. Equipment shared under this Agreement shall be used by Borrower’s employees only to conduct official business. Borrowers shall use and operate Equipment only for its intended purpose, in a careful manner and in compliance with all requirements for operation and of any governmental authority having jurisdiction, if applicable. Borrower shall not sublease or allow anyone other than Borrower’s employees to use Equipment shared under this Agreement.

Appears in 3 contracts

Sources: Equipment Sharing Agreement, Equipment Sharing Agreement, Equipment Sharing Agreement

Usage Requirements. Equipment shared under this Agreement agreement shall be used by Borrower’s employees only to conduct official business. Borrowers shall use and operate Equipment only for its intended purpose, in a careful manner and in compliance with all requirements for operation and of any governmental authority having jurisdiction, if applicable. Borrower shall not sublease or allow anyone other than Borrower’s employees to use Equipment shared under this Agreement.

Appears in 1 contract

Sources: Equipment Sharing Agreement