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What is demonstration equipment?

Demonstration Equipment means products of Borrower delivered to potential resellers or customers.

What is employee responsibility for company equipment?

Employees are expected to take proper precautions to care for company equipment. Upon termination, employees are expected to return all company equipment in proper working order. Failure to return equipment may be considered to be theft and may lead to criminal prosecution.

What is a demonstration agreement?

Demo Agreement means an agreement between Lessee and a customer or potential customer of Lessee (each, a Demo Customer), pursuant to which such Demo Customer is granted a right to use Equipment leased under a Lease at the applicable Site.

What is the equipment use agreement?

An equipment use agreement, sometimes called an equipment lease agreement, is a legal contract that allows a lessee to lease a piece of equipment from the owner or lessor. The lessee will be required to make periodic payments for the use of the equipment throughout the duration of the agreement.