Equipment Consignment Sample Clauses

Equipment Consignment. Exhibit B sets forth --------------------- --------- a list of equipment (including its estimated monetary value) (the "Equipment") which is hereby consigned from MLTC to ASIP. The first priority for the use of such Equipment by ASIP shall be for ASIP to perform its obligations under this Agreement and the Supply Agreement (as defined herein) for MLTC. Any excess capacity for the Equipment available after satisfying such first priority may be used by ASIP as it deems appropriate in its sole and absolute discretion. Title to all such Equipment shall remain with MLTC unless and until ASIP exercises its option to purchase the Equipment under Section 2.4.3(a), or MLTC utilizes the Equipment to purchase shares of ASIP pursuant to Section 2.4.3(b). Unless otherwise agreed to by MLTC, ASIP shall insure the Equipment against loss or damage by reason of fire, flood, accident, theft, riot or civil commotion, in an amount not to exceed three million five hundred thousand dollars ($3,500,000). Unless and until title to the Equipment is transferred to ASIP from MLTC, (i) all risk of loss related to such Equipment shall belong to MLTC, and ASIP shall be responsible for the cost of routine maintenance of such Equipment, and (ii) the cost of all major repairs and replacement of any such Equipment due to faulty workmanship shall borne by MLTC, which shall reimburse or replace such Equipment upon the reasonable request of ASIP. Other than upon expiration or termination of this Agreement, MLTC shall give ASIP one hundred eighty (180) days notice prior to retaking possession of any of such Equipment, provided, that MLTC shall not retake possession of any such Equipment at any time prior to the expiration or termination of this Agreement to the extent it is reasonably required for use by ASIP to fulfill its obligations under this Agreement.
Sample 1
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Related to Equipment Consignment

  • Consignment Inventory that is placed on consignment;

  • Consignments Consign any Inventory or sell any Inventory on xxxx and hold, sale or return, sale on approval, or other conditional terms of sale.

  • As to Equipment and Inventory The Grantor hereby agrees that it shall

  • Equipment and Supplies Independent Contractor, at Independent Contractor's sole expense, shall provide all equipment, tools and supplies necessary to perform the Service.

  • Leased Equipment Schedule 3.16(e) hereto contains a list of all leases or other agreements, whether written or oral, under which the Corporation is lessee of or holds or operates any items of machinery, equipment, tools, motor vehicles, furniture and fixtures or other property (other than real property) owned by any third party (collectively, the "Leased Equipment").

  • Equipment and Inventory With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

  • Inventory and Equipment with Bailees Store the Inventory or Equipment of Parent, Borrowers or their respective Subsidiaries at any time now or hereafter with a bailee, warehouseman, or similar party.

  • Equipment Loans Section 2.3(b) of the Loan Agreement shall be amended and restated in its entirety as follows:

  • Capital Equipment Collaborator’s commitment, if any, to provide ICD with capital equipment to enable the research and development activities under the Research Plan appears in Appendix B. If Collaborator transfers to ICD the capital equipment or provides funds for ICD to purchase it, then ICD will own the equipment. If Collaborator loans capital equipment to ICD for use during the CRADA, Collaborator will be responsible for paying all costs and fees associated with the transport, installation, maintenance, repair, removal, or disposal of the equipment, and ICD will not be liable for any damage to the equipment.

  • Equipment, Etc Each Grantor shall, (i) within ten (10) days after a written request by the Administrative Agent, in the case of Equipment now owned, and (ii) following a request by the Administrative Agent pursuant to subclause (i) above, within ten (10) days after acquiring any other Equipment, deliver to the Administrative Agent, any and all certificates of title, and applications therefor, if any, of such Equipment and shall cause the Administrative Agent to be named as lienholder on any such certificate of title and applications. No Grantor shall permit any such items to become a fixture to real estate or an accession to other personal property unless such real estate or personal property is the subject of a fixture filing (as defined in the UCC) creating a first priority perfected Lien in favor of the Administrative Agent.

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