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1. |
Each Participant may provide Project
Equipment identified as being necessary for executing the MOU to another
Participant. Project Equipment will remain the property of the providing
Participant. A list of all Project Equipment provided by one Participant to
another will be developed and maintained by the PMs, approved by the SC, and
subsequently incorporated into this MOU as a separate annex in accordance with
Section IV (Management (Organization and Responsibility)) prior to such
transfers.
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2. |
The receiving Participant will maintain any
such Project Equipment in good order, repair, and operable condition and return
the items in as good condition as received, reasonable wear and tear excepted.
The receiving Participant will pay the cost of damage (other than reasonable
wear and tear) to or loss of the Project Equipment.
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3. |
All Project Equipment that is transferred
will be used by the receiving Participant only for the purposes set out in this
MOU. In addition, in accordance with Section XII (Third Party Sales and
Transfers) Project Equipment will not be retransferred to a Third Party without
the prior written consent of the providing Participant.
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4. |
Project Equipment transferred to a
Participant under this MOU will be returned to the providing Participant prior
to the termination or expiration of this MOU.
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