Buyer-Owned Property Sample Clauses

Buyer-Owned Property. Unless Buyer and Seller otherwise agree in writing, the following provisions shall apply to any tools, tooling, patterns, equipment, materials or other properties used in the manufacture of the Goods for Buyer or in the performance of this Order, that are either supplied to Seller by Buyer or have been acquired by Seller and specifically paid for by Buyer. All such properties (including scrap) shall hereafter be referred to as “Buyer-Owned Property”.
Sample 1Sample 2See All (7)
AutoNDA by SimpleDocs
Buyer-Owned Property. All materials, tools, jigs, fixtures, specifications, methods, processes, data, designs, drawings, and other property, owned or paid for by Buyer, in Vendor’s possession or under Vendor’s control shall be and remain the property of Buyer subject to removal at any time. All such property shall be identified and marked by Vendor as Buyer’s property, used only for Buyer’s contract and covered by adequate liability, damage and fire insurance (including extended coverage) for the fair and reasonable value. Vendor shall assume full liability for and maintain and repair the same and return the same to Buyer in good condition, reasonable wear and tear excepted. Vendor shall provide Buyer with an inventory thereof as Buyer may request and certify to Buyer that all use thereof is expended on Buyer’s order or orders. Buyer shall own all intellectual property rights created or developed by Vendor at Buyer’s expense and all intellectual property rights in any improvement, modification or derivation created or developed by Vendor of intellectual property existing or created or developed by or for Buyer and owned by Buyer.
Sample 1
Buyer-Owned Property. Any tools, drawings, specifications, or other materials furnished by Buyer for use by Seller in its performance under this Agreement or any Order issued hereunder shall be identified and shall remain the property of Buyer and shall be used by Seller only in its performance hereunder. Seller shall keep such material, tools, drawing, and specifications separate and identified as Buyer owned property. Such property shall be delivered, upon request, to a destination specified by Buyer in good condition, except for normal wear and tear.
Sample 1
Buyer-Owned Property. The Parties hereby acknowledge and agree that as between them and whether or not specifically recognized or perfected under any Legal Requirements, Buyer is, and shall at all times be, the sole and exclusive owner of the following, as well as of all right, title and interest in under and to, any and all of the following (collectively, the “Buyer Owned Property”):
Sample 1
Buyer-Owned Property. As may be more specifically described in a SOW, Supplier may receive, warehouse, store, and inventory products, materials, and other goods that are purchased and owned by Buyer (“Buyer Owned Property”) at one or more Supplier’s designated warehouses (“Supplier Facility”) to facilitate efficiencies in the performance of the Work. In the event Supplier receives, warehouses, stores, and/or inventories Buyer Owned Property at a Supplier Facility: (a) Buyer shall pay Supplier all Storage Fees associated with the Buyer Owned Property. (b) Supplier shall not at any time be liable for any loss or damage to the Buyer Owned Property and Buyer shall at all times have and hereby assumes all liability and risk of loss and damage for the Buyer Owned Property, unless such liability, loss, or damages is caused by the gross negligence or willful misconduct of Supplier. (c) Buyer shall obtain sufficient insurance coverage to protect both Parties against any loss of or damage to the Buyer Owned Property that might occur during the Term, including without limitation, while such Buyer Owned Property is located at the Supplier Facility or otherwise under Supplier’s control. (d) If the Storage Period for the Buyer Owned Property has expired or Supplier reasonably determines that the Buyer Owned Property is no longer active (i.e. no, minor, or relatively slow sales or related activities) and, in any event, upon expiration or termination of this Agreement or the applicable SOW, Supplier will use commercially reasonable efforts to notify Buyer of any such determination and Buyer shall select one of the following options: (i) Shipment of the inactive Buyer Owned Property to Buyer after Supplier receives payment for all Storage Fees and prepayment of all freight and delivery charges; (ii) Destruction of the inactive Buyer Owned Property after Supplier receives payment for all Storage Fees and prepayment of all delivery, destruction, and other similar charges; or (iii) Maintain the inactive Buyer Owned Property at a Supplier Facility, provided, that Buyer accepts Supplier’s increased price for the Storage Fees and any additional handling fees and pays such amounts in a timely manner.
Sample 1
Buyer-Owned Property. Scrap resulting from the manufacture of any material produced by Seller for Buyer under these Terms and Conditions shall remain the property of Buyer and shall not be disposed of without Buyer's written consent.
Sample 1

Related to Buyer-Owned Property

  • Owned Property We do not cover property damage to property owned by any insured or any other resident of any insured's household. This includes expenses and costs incurred by any insured or others to repair, replace, restore or maintain such property to prevent injury to a person or damage to property of others, whether on or away from an insured location.

  • Owned Properties The Company does not own any real property.

  • Owned Real Property The Company does not own any real property.

  • Title to Property; Encumbrances (a) The Company does not own any real property or any Structures.

  • Transferred Assets (a) As of the Effective Time (as defined in Section 2.1) and upon the terms and conditions set forth herein, Seller will sell, assign, transfer, convey and deliver to Purchaser, and Purchaser will purchase from Seller, all of the transferable rights, title and interests of Seller in the following assets associated with the Banking Centers and identified in this Agreement and the Schedules and Exhibits hereto, and not otherwise excluded pursuant to the provisions of Subsection 1.1(b):

  • Title to Properties; Encumbrances The Company does not currently own, nor has it ever owned (a) any real property, (b) any leasehold interests or (c) any buildings, plants, structures and/or equipment. Part 3.6 of the Seller Parties Disclosure Schedule contains a complete and accurate list of all (A) the Assets that the Company purports to own, including all of the properties and assets reflected in the Balance Sheet (except for assets held under capitalized leases disclosed or not required to be disclosed in Part 3.6 of the Seller Parties Disclosure Schedule and personal property sold since the date of the Balance Sheet, as the case may be, in the Ordinary Course of Business), and (B) all of the properties and assets purchased or otherwise acquired by the Company since the date of the Balance Sheet (except for personal property acquired and sold since the date of the Balance Sheet in the Ordinary Course of Business and consistent with past practice), which subsequently purchased or acquired properties and assets (other than inventory and short-term investments) are listed in Part 3.6 of the Seller Parties Disclosure Schedule. The Company is the sole owner and has good and marketable title (or leasehold title, as the case may be) to the Assets free and clear of all Encumbrances, and the Assets reflected in the Balance Sheet are free and clear of all Encumbrances and are not, in the case of real property, subject to any rights of way, building use restrictions, exceptions, variances, reservations, or limitations of any nature except, with respect to all such properties and assets, (i) mortgages or security interests shown on the Balance Sheet as securing specified liabilities or obligations, with respect to which no default (or event that, with notice or lapse of time or both, would constitute a default) exists, (ii) mortgages or security interests incurred in connection with the purchase of property or assets after the date of the Balance Sheet (such mortgages and security interests being limited to the property or assets so acquired), with respect to which no default (or event that, with notice or lapse of time or both, would constitute a default) exists, (iii) liens for current taxes not yet due, and (iv) Encumbrances pursuant to the Pledge Agreement (as defined below) or the Facility Agreement and (v) Encumbrances incurred in the Ordinary Course of the Business, consistent with past practice, or created by the express provisions of the Contracts, each of the type identified on Part 3.6 of the Seller Parties Disclosure Schedule (together, the “Permitted Encumbrances”). All such assets are suitable for the uses to which they are being put or have been put in the Ordinary Course of Business and are in good working order, ordinary wear and tear excepted.

  • Good Title Conveyed The stock certificates, stock powers, endorsements, assignments and other instruments being executed and delivered by the Seller to the Purchaser at or after Closing are and will be legal, valid and binding obligations of the Seller, enforceable in accordance with their respective terms, and will effectively vest in the Purchaser good, valid and marketable title to all the HD Commerce Shares to be transferred to the Purchaser pursuant to and as contemplated by this Agreement free and clear of all Encumbrances.

  • Title to Property and Encumbrances The Company has good and valid title to all properties and assets used in the conduct of its business (except for property held under valid and subsisting leases which are in full force and effect and which are not in default) free of all Liens except Permitted Liens and such ordinary and customary imperfections of title, restrictions and encumbrances as do not in the aggregate constitute a Company Material Adverse Effect.

  • Title to Properties; Leases Except as indicated on Schedule 7.3 hereto, the Borrower and its Subsidiaries own all of the assets reflected in the consolidated balance sheet of the Borrower and its Subsidiaries as at the Balance Sheet Date or acquired since that date (except property and assets sold or otherwise disposed of in the ordinary course of business since that date), subject to no rights of others, including any mortgages, leases, conditional sales agreements, title retention agreements, liens or other encumbrances except Permitted Liens.

  • Good Title to Property The Company and each of the Subsidiaries has good and valid title to all property (whether real or personal) described in the Registration Statement, the Disclosure Package and the Prospectus as being owned by each of them, in each case free and clear of all liens, claims, security interests, other encumbrances or defects except such as are described in the Registration Statement, the Disclosure Package and the Prospectus and those that would not, individually or in the aggregate materially and adversely affect the value of such property and do not materially and adversely interfere with the use made and proposed to be made of such property by the Company and the Subsidiaries. All of the property described in the Registration Statement, the Disclosure Package and the Prospectus as being held under lease by the Company or a Subsidiary is held thereby under valid, subsisting and enforceable leases, without any liens, restrictions, encumbrances or claims, except those that, individually or in the aggregate, are not material and do not materially interfere with the use made and proposed to be made of such property by the Company and the Subsidiaries.

Time is Money Join Law Insider Premium to draft better contracts faster.