Common use of BUYER PROPERTY Clause in Contracts

BUYER PROPERTY. All supplies, materials, equipment, tools, jigs, dies, gauges, fixtures, molds, patterns, equipment and other items purchased, either directly or indirectly, by Buyer and/or furnished or delivered to Seller to perform the Order, or for which Seller has been reimbursed by Xxxxx (collectively referred to as “Buyer’s Property”), shall be and remain the property of Buyer. Seller shall bear the risk of loss of and damage to Xxxxx’s Property in Seller’s possession, custody or control. Buyer’s Property shall at all times be properly housed and maintained by Seller; shall not be used by Seller for any purpose other than the performance of this Order; shall be deemed to be property; shall be conspicuously marked PROPERTY OF NORTHROP GRUMMAN INTERNATIONAL ASIA SERVICES, INC. by Seller; shall not be commingled with the property of Seller or with that of any third person; and shall not be moved from Seller’s premises without Buyer’s prior written approval. Upon the request of Xxxxx, Xxxxx’s Property shall be immediately released to Buyer or delivered to Buyer by Xxxxxx, at Xxxxx’s direction and expense. With reasonable prior notice, Xxxxx shall have the right to enter onto Seller’s premises to inspect Buyer’s Property and Xxxxxx’s records with respect thereto. Xxxxxx agrees that it will comply with the obligation hereunder to release Xxxxx’s Property notwithstanding any offsetting claim it might have against Buyer and that Seller shall be liable for any loss or damage to Buyer resulting from Seller’s failure to release Xxxxx’s Property when requested.

BUYER PROPERTY. All supplies, materials, equipment, tools, jigs, dies, gauges, fixtures, molds, patterns, equipment and other items purchased, either directly or indirectly, by Buyer and/or furnished or delivered to Seller to perform the Order, or for which Seller has been reimbursed by Xxxxx (collectively referred to as “Buyer’s Property”), shall be and remain the property of Buyer. Seller shall bear the risk of loss of and damage to Xxxxx’s Property in Seller’s possession, custody or control. Buyer’s Property shall at all times be properly housed and maintained by Seller; shall not be used by Seller for any purpose other than the performance of this Order; shall be deemed to be property; shall be conspicuously marked PROPERTY OF NORTHROP GRUMMAN INTERNATIONAL ASIA TRADING SERVICES, INC. by Seller; shall not be commingled with the property of Seller or with that of any third person; and shall not be moved from Seller’s premises without Buyer’s prior written approval. Upon the request of Xxxxx, Xxxxx’s Property shall be immediately released to Buyer or delivered to Buyer by Xxxxxx, at Xxxxx’s direction and expense. With reasonable prior notice, Xxxxx shall have the right to enter onto Seller’s premises to inspect Buyer’s Property and Xxxxxx’s records with respect thereto. Xxxxxx agrees that it will comply with the obligation hereunder to release Xxxxx’s Property notwithstanding any offsetting claim it might have against Buyer and that Seller shall be liable for any loss or damage to Buyer resulting from Seller’s failure to release Xxxxx’s Property when requested.

BUYER PROPERTY. All supplies, materials, equipment, tools, jigs, dies, gauges, fixtures, molds, patterns, equipment and other items purchased, either directly or indirectly, by Buyer and/or furnished or delivered to Seller to perform the Order, or for which Seller has been reimbursed by Xxxxx (collectively referred to as “Buyer’s Property”), shall be and remain the property of Buyer. Seller shall bear the risk of loss of and damage to Xxxxx’s Property in Seller’s possession, custody or control. Buyer’s Property shall at all times be properly housed and maintained by Seller; shall not be used by Seller for any purpose other than the performance of this Order; shall be deemed to be property; shall be conspicuously marked PROPERTY OF NORTHROP GRUMMAN INTERNATIONAL ASIA SERVICESMIDDLE EAST SERVICE, INC. by Seller; shall not be commingled with the property of Seller or with that of any third person; and shall not be moved from Seller’s premises without Buyer’s prior written approval. Upon the request of Xxxxx, Xxxxx’s Property shall be immediately released to Buyer or delivered to Buyer by Xxxxxx, at Xxxxx’s direction and expense. With reasonable prior notice, Xxxxx shall have the right to enter onto Seller’s premises to inspect Buyer’s Property and Xxxxxx’s records with respect thereto. Xxxxxx agrees that it will comply with the obligation hereunder to release Xxxxx’s Property notwithstanding any offsetting claim it might have against Buyer and that Seller shall be liable for any loss or damage to Buyer resulting from Seller’s failure to release Xxxxx’s Property when requested.