Common use of Complete Possession and Control Clause in Contracts

Complete Possession and Control. is understood to comprise of two separate and distinct events, to wit: (i) Our delivery of Props to Your designated location or (ii) Your collecting, per the terms of this T&C, of the Props from Our warehouse or location. As to Your control of the Props, the term “Complete Possession and Control” is understood to be interchangeable with “Complete Custody and Control”, it being understood and agreed that per the terms of this T&C: (i) You are receiving only custody of the Props in the form of an agreed rental, but not possession, and (ii) Your return of the Props either by way of Your redelivering of the Props to Our warehouse or designated location, or Our retrieving of the Props from Your designated location. Thus, the reference “Complete Possession and Control” is understood to be that moment in time in which: (x) We have physically relinquished custody of the Props and turned over custody of such Props to You and (y) We have physically received the return of the Props from You.

Appears in 3 contracts

Samples: New Account Application, Lease/Rental Agreement, Lease/Rental Agreement

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Complete Possession and Control. is understood to comprise of two separate and distinct events, to wit: (i) Our delivery of Props to Your designated location or (ii) Your collecting, per the terms of this T&C, of the Props from Our warehouse or location. As to Your control of the Props, the term “Complete Possession and Control” is understood to be interchangeable with “Complete Custody and Control”, it being understood and agreed that per the terms of this T&C: (i) T&C You only are receiving only custody of the Props in the form of an agreed rentalbailment, but not possession, and (ii) Your return of the Props either by way of Your redelivering of the Props to Our warehouse or designated location, or Our retrieving of the Props from Your designated location. Thus, the reference “Complete Possession and Control” is understood to be that moment in time in which: (x) We have physically relinquished custody of the Props and turned over custody of such Props to You and (y) We have physically received the return of the Props from You.

Appears in 2 contracts

Samples: Lease/Rental Agreement, Lease/Rental Agreement

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Complete Possession and Control. is understood to comprise of two separate and distinct events, to wit: (i) Our delivery of Props to Your designated location or (ii) Your collecting, per the terms of this T&C, of the Props from Our warehouse or location. As to Your control of the Props, the term “Complete Possession and Control” is understood to be interchangeable with “Complete Custody and Control”, it being understood and agreed that per the terms of this T&C: (i) T&C You are receiving only custody of the Props in the form of an agreed rentalrental , but not possession, and (ii) Your return of the Props either by way of Your redelivering of the Props to Our warehouse or designated location, or Our retrieving of the Props from Your designated location. Thus, the reference “Complete Possession and Control” is understood to be that moment in time in which: (x) We have physically relinquished custody of the Props and turned over custody of such Props to You and (y) We have physically received the return of the Props from You.

Appears in 1 contract

Samples: Lease/Rental Agreement

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