Common use of Furnished Items Clause in Contracts

Furnished Items. 12.1 If it is necessary for a Party to furnish the other Party with machinery or equipment (“Furnished Items”) for the sole purpose of accomplishing delivery of the Products hereunder, such Furnished Items are provided on an “AS IS” basis without warranty of any kind and the furnishing party shall retain exclusive ownership of the Furnished Items at all times. The Furnishing Party shall be responsible for maintenance and repair of the furnished Item(s) unless repair is made necessary due to the negligence of the Furnished Party. The Furnished Party shall have the risk of loss of, or damage to the Furnished Items while in its care, custody and control and unless otherwise agreed by the Parties, shall return the Furnished Items to the furnishing party as soon as practicable when their use is no longer required hereunder.

Furnished Items. 12.1 13.1 If it is necessary for a Party to furnish the other Party with machinery or equipment (“Furnished Items”) for the sole purpose of accomplishing delivery of the Products hereunder, such Furnished Items are provided on an “AS IS” basis without warranty of any kind and the furnishing party shall retain exclusive ownership of the Furnished Items at all times. The Furnishing Party shall be responsible for maintenance and repair of the furnished Item(s) unless repair is made necessary due to the negligence of the Furnished Party. The Furnished Party shall have the risk of loss of, or damage to the Furnished Items while in its care, custody and control and unless otherwise agreed by the Parties, shall return the Furnished Items to the furnishing party as soon as practicable when their use is no longer required hereunder.