Common use of MATERIALS, TOOLS AND EQUIPMENT Clause in Contracts

MATERIALS, TOOLS AND EQUIPMENT. All tools, equipment, dies, gauges, models, drawing or other materials paid for or furnished by Buyer for the purpose of this order shall be and remain the sole property of Buyer. Seller shall safeguard all such property while it is in Seller's custody or control, be liable for any loss or damage to such property, at Buyer's option procure adequate insurance, use it only for Buyer's orders, and return it to Buyer upon request. Any such property described above whether furnished or ordered by Buyer and which may be in an unfinished state may be removed from Seller's premises or the premises of subcontractors upon request without further action or bond. In the event that Buyer removes such property that is not finished, Buyer will pay Supplier a percentage of the order price that corresponds to the percentage of completion. Seller agrees to waive and hereby does waive any lien it may have in regard to such property and ensure subcontractors do the same.

MATERIALS, TOOLS AND EQUIPMENT. All tools, equipment, dies, gauges, models, drawing or other materials paid for or furnished by Buyer for the purpose of this order shall be and remain the sole property of Buyer. Seller shall safeguard all such property while it is in Seller's custody or control, be liable for any loss or damage to such property, at Buyer's option procure adequate insurance, use it only for Buyer's orders, and return it to Buyer upon request. Any such property described above whether furnished or ordered by Buyer and which may be in an unfinished state may be removed from Seller's premises or the premises of subcontractors upon request without further action or bond. In the event that Buyer removes such property that is not finished, Buyer will pay Supplier Seller a percentage of the order price that corresponds to the percentage of completion. Seller agrees to waive and hereby does waive any lien it may have in regard to such property and ensure subcontractors do the same.

MATERIALS, TOOLS AND EQUIPMENT. All tools, equipment, dies, gauges, models, drawing or other materials paid for or furnished by Buyer for the purpose of this order shall be and remain the sole property of Buyer. Seller shall safeguard all such property while it is in Seller's custody or control, be liable for any loss or damage to such property, at Buyer's option procure adequate insurance, use it only for Buyer's orders, and return it to Buyer upon request. Any such property described above whether furnished or ordered by Buyer Xxxxx and which may be in an unfinished state may be removed from Seller's premises or the premises of subcontractors upon request without further action or bond. In the event that Buyer Xxxxx removes such property that is not finished, Buyer will pay Supplier a percentage of the order price that corresponds to the percentage of completion. Seller agrees to waive and hereby does waive any lien it may have in regard to such property and ensure subcontractors do the same.

MATERIALS, TOOLS AND EQUIPMENT. All tools, equipment, dies, gauges, models, drawing or other materials paid for or furnished by Buyer for the purpose of this order shall be and remain the sole property of Buyer. Seller shall safeguard all such property while it is in Seller's custody or control, be liable for any loss or damage to such property, at Buyer's option procure adequate insurance, use it only for Buyer's orders, and return it to Buyer upon request. Any such property described above whether furnished or ordered by Buyer Xxxxx and which may be in an unfinished state may be removed from Seller's premises or the premises of subcontractors upon request without further action or bond. In the event that Buyer Xxxxx removes such property that is not finished, Buyer will pay Supplier Seller a percentage of the order price that corresponds to the percentage of completion. Seller agrees to waive and hereby does waive any lien it may have in regard to such property and ensure subcontractors do the same.

MATERIALS, TOOLS AND EQUIPMENT. All tools, equipment, dies, gauges, models, drawing or other materials paid for or furnished by Buyer for the purpose of this order shall be and remain the sole property of Buyer. Seller shall safeguard all such property while it is in Seller's custody or control, be liable for any loss or damage to such property, at Buyer's option procure adequate insurance, use it only for Buyer's orders, and return it to Buyer upon request. request Any such property described above whether furnished or ordered by Buyer Xxxxx and which may be in an unfinished state may be removed from Seller's premises or the premises of subcontractors upon request without further action or bond. In the event that Buyer Xxxxx removes such property that is not finished, Buyer will pay Supplier a percentage of the order price that corresponds to the percentage of completion. Seller agrees to waive and hereby does waive any lien it may have in regard to such property and ensure subcontractors do the same.. 9

MATERIALS, TOOLS AND EQUIPMENT. All tools, equipment, dies, gauges, models, drawing or other materials paid for or furnished by Buyer for the purpose of this order Purchase Order shall be and remain the sole property of Buyer. Seller shall safeguard all such property while it is in Seller's custody or control, be liable for any loss or damage to such property, at Buyer's option procure adequate insurance, use it only for Buyer's orders, and return it to Buyer upon request. Any such property described above whether furnished or ordered by Buyer Xxxxx and which may be in an unfinished state may be removed from Seller's premises or the premises of subcontractors upon request without further action or bond. In the event that Buyer Xxxxx removes such property that is not finished, Buyer will pay Supplier Seller a percentage of the order price that corresponds to the percentage of completion. Seller agrees to waive and hereby does waive any lien it may have in regard to such property and ensure subcontractors do the same.