Equipment and Other Property. 5.1 All equipment, or other property purchased by University during the term of this Agreement shall become the property of University upon acquisition.
Equipment and Other Property. Unless otherwise expressly agreed to by Tiercon in the PO, Seller shall supply at its own expense all equipment, tools, jigs, dies, fixtures, patterns, drawings, specifications, samples, materials, and facilities required to perform its obligations under the PO (the “Supplier Owned Property”). Supplier hereby grants Tiercon an irrevocable option to take possession of and title to the Supplier Owned Property that is special for the production of the goods to be supplied under the PO, upon payment to Supplier of its net book value less any amounts that Tiercon has previously paid to Supplier for the cost of such items. Notwithstanding any other provision of the PO, Supplier acknowledges and agrees that all parts, components, assemblies, equipment, materials, tools, moulds, layouts, models, jigs, dies, fixtures, patterns, designs, sketches, blueprints, drawings, specifications, samples, engineering data, technical or proprietary information, special appliances, other equipment or material, facilities, and any reproductions and replacements thereof, any materials affixed or attached thereto, that are furnished to Supplier or paid for, in whole or in part, by Tiercon or by Tiercon’s customer, (all items above, collectively the “Tiercon Property”), shall remain the property of Tiercon or its customer, as applicable, and be deemed a bailment. The Tiercon Property, while in Supplier’s custody or control and while in the custody or control of Supplier’s suppliers, contractors, or agents, shall be held at Supplier’s risk, shall be kept insured by Supplier at Supplier’s expense against loss or damage in an amount equal to the replacement cost thereof, and shall be subject to removal at Tiercon’ written request. Supplier shall promptly notify Tiercon of the location of the Tiercon Property, if any are located any where other than Supplier’s facility. Unless otherwise expressly stated in the PO, Supplier shall maintain accounting and property control records for Tiercon Property in accordance with sound industrial practices. Supplier shall, at Supplier’s expense, maintain the Tiercon Property in good condition and repair, and shall replace any of the Tiercon Property if, as and when necessary or reasonably required. Upon completion or termination of the PO, Supplier shall retain on a bailment basis, the Tiercon Property still then in the physical possession of Supplier, at Supplier’s expense, until directions are received from Tiercon. Supplier shall allow Tiercon to t...
Equipment and Other Property. All equipment, materials, supplies or property of any kind (including vehicles, publications, copyrights, etc.) purchased with funds received under the terms of this Agreement which has a life expectancy of one (1) year or more shall be the property of DBH, unless mandated otherwise by Funding Source, and shall be subject to the provisions of this paragraph. The disposition of equipment or property of any kind shall be determined by DBH when the Agreement is terminated. Additional terms are as follows:
Equipment and Other Property. 8.1 Xxxxx Field equipment can only be used within the facility and must not be removed.
Equipment and Other Property. All of the Equipment is in good working order and condition, ordinary wear and tear, routine service needs and subscriber misuse or non-use excepted, and such Equipment has been installed in accordance with good workmanlike practices prevailing in the industry at the time of installation. All Equipment conforms in all material respects to the Contract pursuant to which it was installed and comply with all material applicable laws, rules, regulations and codes at the time of its installation. All of the Other Property included among the Assets is in good operating condition and repair, normal wear and tear excepted.
Equipment and Other Property. All the equipment, office furniture, appliances, supplies, apparatus, tools, patterns, models, dies, blueprints, fittings, furnishings, fixtures, machinery, vehicles and rolling stock, including without limitation, spare parts, accessories and additions of whatever nature or kind.
Equipment and Other Property. Other than Intellectual Property, which is covered in Section 4.21, the Company or one of its Subsidiaries owns and has good and valid title to and has the legal and beneficial ownership of or a valid leasehold interest in or right to use by license or otherwise, all of its properties and assets, including machinery, equipment and other properties reflected on the books of the Company and its Subsidiaries as owned by the Company or one of its Subsidiaries, in each case, free and clear of all Liens other than Permitted Liens, except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect. All personal property and leased personal property assets of the Company and its Subsidiaries are structurally sound and in good operating condition and repair (ordinary wear and tear expected) and are suitable for their present use in all material respects.
Equipment and Other Property. Except as set forth in Section 5.8 of the Disclosure Schedule, Pivotal owns and has good and marketable title to the equipment and other tangible items used in the operations of the Pivotal Business reflected on the books of Pivotal as owned by Pivotal (the "Equipment"), free and clear of all Encumbrances. The Equipment, taken as a whole, is in good operating condition and repair (subject to normal wear and tear) and is suitable for the purposes for which it is presently or has historically been used. Except as otherwise contemplated by this Agreement, Pivotal owns, or, in the case of leases and licenses, has valid and subsisting leasehold interests or licenses in, all of the material properties and assets of whatever kind (whether real or personal, tangible or intangible and including, without limitation, all material intellectual property) used in its business, in each case free and clear of Encumbrances.
