Common use of FURNISHED PROPERTY Clause in Contracts

FURNISHED PROPERTY. 24.1. All drawings, tools, jigs, dies, fixtures, materials, and other property supplied or paid for by Buyer shall be and remain the property of Buyer or Buyer’s Customer. If Seller fails to return such property upon Xxxxx’s demand, Buyer shall have the right, upon reasonable notice, to enter Seller's premises and remove any such property at any time without being liable for trespasses or damages of any sort. 24.2. All such items shall be used only in the performance of work under this Subcontract unless Buyer consents otherwise in writing. 24.3. Seller shall have the obligation to maintain any and all property furnished by Buyer to Seller and all property to which Xxxxx acquires an interest by this Subcontract and shall be responsible for all loss or damage to said property except for normal wear and tear. For U.S. Government contracts, Seller's responsibility for loss or damage to said property shall be determined in accordance with Xxxxx’s prime contract with its government customer. 24.4. Upon request, Seller shall provide Buyer with adequate proof of insurance against such risk of loss or damage. 24.5. Seller shall clearly mark, maintain an inventory, and keep segregated or identifiable all of Buyer’s or its Customer’s property. At Buyer’s request, and/or upon completion of this Subcontract, 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 Xxxxx. 24.6. Seller shall ensure Section 24.3 of this Article shall be flowed to subordinate suppliers at all tiers.

FURNISHED PROPERTY. 24.1. All drawings, tools, tools jigs, dies, fixtures, materials, and other property supplied or paid for by Buyer shall be and remain the property of Buyer or Buyer’s Customer. If ; and if Seller fails to return such property upon Xxxxx’s demand, Buyer shall have the right, upon reasonable notice, to enter Seller's premises and remove any such property at any time without being liable for trespasses or damages of any sort. 24.2. All such items shall be used only in the performance of work under this Subcontract unless Buyer consents otherwise in writing. 24.3. Seller shall have the obligation to maintain any and all property furnished by Buyer to Seller and all property to which Xxxxx acquires an interest by this Subcontract and shall be responsible for all loss or damage to said property except for normal wear and tear. For U.S. US Government contracts, Seller's responsibility for loss or damage to said property shall be determined in accordance with Xxxxx’s prime contract with its government customer. 24.4. Upon request, Seller shall provide Buyer with adequate proof of insurance against such risk of loss or damage. 24.5. Seller shall clearly mark, maintain an inventory, and keep segregated or identifiable all of Buyer’s or its Customercustomer’s property. At Buyer’s request, and/or upon completion of this Subcontract, 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 Xxxxx. 24.6. Seller shall ensure Section that Article 24.3 of this Article clause shall be flowed to subordinate suppliers at all tiers.