What is the difference between a lease and a facility use agreement?

Unlike a lease, it does not transfer an interest in the real property. It is personal to the licensee and any attempt to transfer the license terminates it. It is (usually) revocable and can be either exclusive or non- exclusive. A facility use agreement (FUA) is a short form license for very limited use of a facility.

What is a facility use contract?

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.

What is a facility use and indemnity and hold harmless agreement?

INDEMNITY PROVISION "A" USER agrees to save, indemnify, and keep harmless PROPERTY OWNER/LANDLORD against any and all liability, claims, judgments, or demands, including demands arising from injuries or death of persons (USER'S employees included) and damage to property, arising directly or indirectly out of ...

What is a secured facility agreement?

A bilateral, secured, sterling, term facility agreement (also known as a loan agreement) between a single lender and a single borrower. This standard document contains integrated drafting notes and negotiating tips.

What is a master facility agreement?

Master Facilities Agreement means that certain loan document, including all exhibits and schedules thereto, executed by SCC and certain of its European subsidiaries with various financial institutions, providing for the renewal and extension of the European Credit Facilities, as such agreement is amended as of the date ...

Get NCSU Facility Use Agreement 2016-2024

) by and between NORTH CAROLINA STATE UNIVERSITY ( NC State ) and ( User ). NC State and User may be referenced collectively in this Agreement as the Parties or each individually as a Party. WHEREAS, NC State operates and controls the property described herein; and WHEREAS, User desires to use NC State s property for the limited times and purposes set forth herein; and WHEREAS, NC State desires to permit User s use of NC State s property.

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