Facility Usage Guidelines & Room application 20180308 2025

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Sometimes, a contract covers a one-time action between parties, but what happens when the relationships or circumstances are ongoing? When signing parties know they will continue to work together in the future, a Master Service Agreement (MSA) can simplify those future agreements and speed up the negotiation process.
A Facility Use Agreement defines exactly what is expected of both parties in a rental or leasing scenario, and is an important step in protecting your entity. We strongly recommend that agreements include all of the following elements: Hold Harmless Agreements. Indemnification Agreements.
Facility Usage means the percentage of the Revolving Credit Facility in use as measured by the (a) the sum of (i) the Outstanding Amount of Revolving Credit Loans, (ii) the Outstanding Amount of L/C Obligations, and (iii) the Outstanding Amount of Swing Line Loans, over (b) the Revolving Credit Facility.
The Facilities Use Agreement is a contract in which the User agrees to abide by specific terms and conditions in order to hold a particular Event at a facility owned or controlled by an Auxiliary Organization or the University.
A usage agreement is a contract between a product owner and another party that outlines how the product can be used by the latter. The contract states who each party is, what the product is, and what rules and regulations must be followed during the use period.