Common use of BUYER PROPERTY Clause in Contracts

BUYER PROPERTY. A. Title to all property furnished to Seller by Xxxxx, or paid for by Buyer shall remain with Buyer. Seller shall not alter or use such property for any purpose or for any other Party other than that specified by Xxxxx, without the prior written consent of Buyer. If Xxxxx agrees to pay Seller for acquisition of tooling and equipment, either separately or as a stated part of the unit price of Products purchased herein, title to the same shall pass to Buyer upon (i) commencement of processing for use in performance of this Order, or (ii) Buyer payment therefore, whichever occurs first.

BUYER PROPERTY. A. Title to all property furnished to Seller by Xxxxx, or paid for by Buyer shall remain with Buyer. Seller shall not alter or use such property for any purpose or for any other Party party other than that specified by Xxxxx, without the prior written consent of Buyer. If Xxxxx agrees to pay Seller for acquisition of tooling and equipment, either separately or as a stated part of the unit price of Products purchased herein, title to the same shall pass to Buyer upon (i) commencement of processing for use in performance of this Order, or (ii) Buyer payment therefore, whichever occurs first.