Equipment Loan Agreement printable pdf download

EQUIPMENT LOAN AGREEMENT

THIS AGREEMENT entered into effective the _____ day of ___________,

20___, (“Effective Date”) by and between UNITED STATES STEEL

CORPORATION, 600 Grant Street, Pittsburgh, PA 15219 (hereinafter "Owner") and

_________________________________ (hereinafter "Contractor").

WITNESSETH:

WHEREAS, Owner has contracted with Contractor for certain work and/or

services to be performed at Owner's __________ Works facility; and

WHEREAS, Owner desires to loan to Contractor certain equipment and

Contractor desires to take delivery of and use said equipment to facilitate its provision of

work and/or services performed on behalf of Owner.

NOW, THEREFORE, in consideration of the mutual covenants hereinafter

contained, the parties hereto, intending to be legally bound, have agreed, and do hereby

agree as follows:

DELIVERY AND USE

Owner agrees to loan to Contractor, upon the terms and conditions of this

Agreement, at no monetary cost to Contractor, the following equipment (hereinafter,

"Equipment"):

_______________________________________________________________________

_______________________________________________________________________.

[Attach Schedule if necessary]

The safety of all persons employed by Contractor and its subcontractors (if

any) on Owner's premises, or any other person who enters onto Owner's premises for

reasons relating to this Agreement, or who will in any way have contact with the

Equipment shall be the sole responsibility of Contractor. Contractor shall observe and

comply with all safety rules and regulations pertaining to the Equipment.

TERM

The term of this Agreement shall commence on the Effective Date and shall

continue in full force and effect until completion of the work and/or services requiring

the Equipment, unless sooner terminated by written notice of Owner. Notwithstanding

anything to the contrary contained herein, in no event shall this Agreement be valid for a

Rev 3/13/2006

#62231v.2

Equipment Loan Agreement