Common use of Materials and Tools Clause in Contracts

Materials and Tools. Whenever Seller shall have in its possession property of Buyer, by virtue of this order, Seller will be deemed an insurer thereof and shall be responsible for its safe return to Buyer and to ensure that no other party shall acquire a security interest in same.

Appears in 2 contracts

Samples: Terms of Purchase, Terms of Purchase

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Materials and Tools. Whenever Seller shall have in its possession property of Buyer, by virtue of this orderOrder, Seller will be deemed an insurer thereof and shall be responsible for its safe return to Buyer and to ensure that no other party shall acquire a security interest in same.

Appears in 2 contracts

Samples: Terms of Purchase, Terms of Purchase

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Materials and Tools. Whenever Seller shall have in its possession property of Buyer, by virtue of this orderOrder, Seller will be deemed an insurer thereof and shall be responsible for its safe return to Buyer and to ensure that no other party shall acquire acquires a security interest in same.

Appears in 1 contract

Samples: Terms of Purchase

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