Common use of FURNISHED PROPERTY Clause in Contracts

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Property. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x request, and/or upon completion of this Contract, SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government Property Clause contained in this Contract shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished property, or property to which the Government may take title under this Contract.

Appears in 21 contracts

Samples: Subcontract/Purchase Order Agreement, General Provisions for Subcontracts/Purchase Orders, Time and Materials Subcontract

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FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, may provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Propertydamage. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x request, and/or upon completion of this Contract, the SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government Property Clause contained in this Contract Section II shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished property, or property to which the Government may take title under this Contract.

Appears in 19 contracts

Samples: General Provisions and Far Flowdown Provisions for Subcontracts/Purchase Orders for Commercial Items, General Provisions and Far Flowdown Provisions for Subcontracts/Purchase Orders, General Provisions and Far Flowdown Provisions for International Subcontracts/Purchase Orders for Non Commercial Items

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, may provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Propertydamage. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x request, and/or upon completion of this Contract, SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government Property Clause contained in this Contract Section II shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished Government‐furnished property, or property to which the Government may take title under this Contract.

Appears in 15 contracts

Samples: General Provisions and Far Flowdown Provisions for Subcontracts/Purchase Orders for Non Commercial Services, General Provisions and Far Flowdown Provisions for International Subcontracts/Purchase Orders, General Provisions and Far Flowdown Provisions for Subcontracts/Purchase Orders for Commercial Items

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, may provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Propertydamage. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x request, and/or upon completion of this Contract, SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government Property Clause contained in this Contract shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished property, or property to which the Government may take title under this Contract.

Appears in 8 contracts

Samples: General Provisions for Subcontracts/Purchase Orders, Subcontract/Purchase Order Agreement, Subcontract/Purchase Order Agreement

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Property. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x request, and/or upon completion of this Contract, SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government SELLER shall have no lien over Furnished Property Clause contained in this Contract and shall apply in lieu ensure that no lower tier subcontractor at any level shall have or purport to have any lien over Furnished Property and SELLER shall procure that the exclusion of paragraphs (a) through (d) above any such lien is brought to the attention of all lower tier subcontractors and any other persons who might deal with respect Furnished Property or otherwise claim to Government-furnished property, or property to which the Government may take title under this Contracthave a lien over it.

Appears in 7 contracts

Samples: Commercial Subcontract/Purchase Order, Commercial Subcontract/Purchase Order, Commercial Subcontract/Purchase Order

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, may provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Propertydamage. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x request, and/or upon completion of this Contract, the SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government Property Clause contained in this Contract Section II shall apply in lieu of paragraphs (a) through (d) above with respect to Government-Government- furnished property, or property to which the Government may take title under this Contract.

Appears in 5 contracts

Samples: General Provisions and Far Flowdown Provisions for Subcontracts/Purchase Orders, General Provisions and Far Flowdown Provisions for International Subcontracts/Purchase Orders, General Provisions and Far Flowdown Provisions for Subcontracts/Purchase Orders

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, may provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Propertydamage. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x MARTIN's request, and/or upon completion of this Contract, SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government Property Clause contained in this Contract Section II shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished Government‐furnished property, or property to which the Government may take title under this Contract.

Appears in 4 contracts

Samples: Cost Reimbursement Subcontract, General Provisions and Far Flowdown Provisions for Subcontracts/Purchase Orders, General Provisions and Far Flowdown Provisions for Subcontracts/Purchase Orders

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Property. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x request, and/or upon completion of this Contract, SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government Property Clause contained in this Contract shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished Government‐furnished property, or property to which the Government may take title under this Contract.

Appears in 4 contracts

Samples: General Provisions for Subcontracts/Purchase Orders, Time and Material and Labor Hour Subcontract, Time and Material and Labor Hour Subcontract

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX VETERANS TRADING COMPANY may, by written authorization, provide to SELLER property owned by either LOCKHEED XXXXXX VETERANS TRADING COMPANY or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX VETERANS TRADING COMPANY or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX VETERANS TRADING COMPANY of, any loss or damage to Furnished Property. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x VETERANS TRADING COMPANY's request, and/or upon completion of this Contract, SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXXVETERANS TRADING COMPANY. (e) The Government Property Clause contained in this Contract shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished property, or other property to which the Government has title, or may take title under this Contract.

Appears in 3 contracts

Samples: Contract, Contract, Contract

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Property. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x request, and/or upon completion of this Contract, SELLER shall submit, in an acceptable form, inventory lists of Furnished Property within thirty (30) days and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government Property Clause contained in this Contract shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished property, or other property to which the Government has title, or may take title under this Contract.

Appears in 3 contracts

Samples: Subcontract/Purchase Order Agreement, Time and Materials Subcontract, Subcontract/Purchase Order Agreement

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Property. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x request, and/or upon completion of this Contract, SELLER shall submit, in an acceptable form, inventory lists of Furnished Property within 30 days, and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government Property Clause contained in this Contract shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished property, or other property to which the Government has title, or may take title under this Contract.

Appears in 3 contracts

Samples: General Provisions for Subcontracts/Purchase Orders, General Provisions for Subcontracts/Purchase Orders, General Provisions for Subcontracts/Purchase Orders

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, may provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Propertydamage. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x request, and/or upon completion of this Contract, the SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government Property Clause contained in this Contract Section II shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished Government‐furnished property, or property to which the Government may take title under this Contract.

Appears in 2 contracts

Samples: Cost Reimbursement Subcontract, General Provisions for Cost Reimbursement Subcontracts/Purchase Orders

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, may provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Propertydamage. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x MARTIN's request, and/or upon completion of this Contract, the SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government Property Clause contained in this Contract Section II shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished property, or property to which the Government may take title under this Contract.

Appears in 2 contracts

Samples: General Provisions and Far Flowdown Provisions for Subcontracts/Purchase Orders for Commercial Item Services, General Provisions and Far Flowdown Provisions for Subcontracts/Purchase Orders

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FURNISHED PROPERTY. (a) LOCKHEED XXXXXX AOSENSE may, by written authorization, provide to SELLER property owned by either LOCKHEED XXXXXX AOSENSE or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX AOSENSE or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX AOSENSE of, any loss or damage to Furnished Property. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x AOSENSE 's request, and/or upon completion of this Contract, SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXXAOSENSE . (e) The Government Property Clause contained in this Contract shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished property, or other property to which the Government has title, or may take title under this Contract.

Appears in 1 contract

Samples: Subcontract/Purchase Order Agreement

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Property. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x MARTIN's request, and/or upon completion of this Contract, SELLER shall submit, in an acceptable form, inventory lists of Furnished Property within 30 days, and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government Property Clause contained in this Contract shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished property, or other property to which the Government has title, or may take title under this Contract.

Appears in 1 contract

Samples: General Provisions for Time and Material and Labor Hour Subcontracts/Purchase Orders

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Property. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x MARTIN's request, and/or upon completion of this Contract, SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government Property Clause contained in this Contract shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished property, or property to which the Government may take title under this Contract.

Appears in 1 contract

Samples: Time and Material and Labor Hour Subcontract

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Property. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x request, and/or upon completion of this Contract, SELLER shall submit, in an acceptable form, inventory lists of Furnished Property within thirty (30) days and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government SELLER shall have no lien over Furnished Property Clause contained in this Contract and shall apply in lieu ensure that no lower tier subcontractor at any level shall have or purport to have any lien over Furnished Property and SELLER shall procure that the exclusion of paragraphs (a) through (d) above any such lien is brought to the attention of all lower tier subcontractors and any other persons who might deal with respect Furnished Property or otherwise claim to Government-furnished property, or property to which the Government may take title under this Contracthave a lien over it.

Appears in 1 contract

Samples: Commercial Subcontract/Purchase Order

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Property. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x MARTIN's request, and/or upon completion of this Contract, SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government SELLER shall have no lien over Furnished Property Clause contained in this Contract and shall apply in lieu ensure that no lower tier subcontractor at any level shall have or purport to have any lien over Furnished Property and SELLER shall procure that the exclusion of paragraphs (a) through (d) above any such lien is brought to the attention of all lower tier subcontractors and any other persons who might deal with respect Furnished Property or otherwise claim to Government-furnished property, or property to which the Government may take title under this Contracthave a lien over it.

Appears in 1 contract

Samples: Commercial Subcontract/Purchase Order

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, may provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark xxxx (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Propertydamage. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x XXXXXX’x request, and/or upon completion of this Contract, the SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government Property Clause clause contained in this Contract Section II shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished propertyGovernment Furnished Property, or property to which the Government may take takes title under this Contract.

Appears in 1 contract

Samples: Letter Contract

FURNISHED PROPERTY. (a) LOCKHEED XXXXXX may, by written authorization, provide to SELLER property owned by either LOCKHEED XXXXXX or its customer (Furnished Property). Furnished Property shall be used only for the performance of this Contract. (b) Title to Furnished Property shall remain in LOCKHEED XXXXXX or its customer. SELLER shall clearly mark (if not so marked) all Furnished Property to show its ownership. (c) Except for reasonable wear and tear, SELLER shall be responsible for, and shall promptly notify LOCKHEED XXXXXX of, any loss or damage to Furnished Property. Without additional charge, SELLER shall manage, maintain, and preserve Furnished Property in accordance with applicable law, the requirements of this Contract and good commercial practice. (d) At LOCKHEED XXXXXX'x MARTIN's request, and/or upon completion of this Contract, SELLER shall submit, in an acceptable form, inventory lists of Furnished Property and shall deliver or make such other disposal as may be directed by LOCKHEED XXXXXX. (e) The Government Property Clause contained in this Contract shall apply in lieu of paragraphs (a) through (d) above with respect to Government-furnished property, or other property to which the Government has title, or may take title under this Contract.

Appears in 1 contract

Samples: Subcontract/Purchase Order Agreement

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