Ownership of the Facility; Risk of Loss Sample Clauses

Ownership of the Facility; Risk of Loss. Ownership of the Facility, and of each item of material, equipment, machinery, supplies and other items incorporated therein, shall pass from Contractor to Owner in accordance with the percentage Ownership interest obtained with each payment pursuant to Article 9, except as provided below.
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Ownership of the Facility; Risk of Loss. Ownership of the Facility, and of each item of material, equipment, machinery, supplies and other items incorporated therein, shall remain vested with Contractor in conformance with the Agreement.
Ownership of the Facility; Risk of Loss. 6.1.1 Ownership of the Facility, and of each item of material, equipment, machinery, supplies and other items incorporated therein, shall pass from MGE Construct to Owners in accordance with the percentage ownership interest obtained with each payment pursuant to Article 9, except as provided below. 6.1.2 On the Steam Commercial Operation Date the full ownership interest in the Facility, including all associated Subcontractor and Supplier warranties, other than the Chilled Water Assets and the Site, will, subject to Owners’ satisfaction of their obligations under Article 9 hereof, pass from MGE Construct to Owners in the respective proportions as set forth in the Joint Ownership Agreement. Prior to the Steam Commercial Operation Date care, custody and control of the Facility, other than the Chilled Water Assets, shall rest with MGE Construct, and MGE Construct shall bear the risk of loss. MGE Construct shall have the authority to settle any loss covered by any policy of insurance, and Owners shall apply any proceeds received by them to rebuild the Facility in accordance with Section 7.6 of the Joint Ownership Agreement. As of the Steam Commercial Operation Date, care, custody and control of the Facility, other than the Chilled Water Assets, shall pass to Owners (subject to MGE Construct’s remaining rights and obligations under Section 5.1) and Owners shall bear the risk of loss. 6.1.3 On the Chilled Water Commercial Operation Date the full ownership interest in the Chilled Water Assets, including all associated Subcontractor and Supplier warranties (but not to the Site), will, subject to Owners’ satisfaction of their obligations under Article 9 hereof, pass from MGE Construct to Owners in the respective proportions as set forth in the Joint Ownership Agreement. Prior to the Chilled Water Commercial Operation Date care, custody and control of the Chilled Water Assets shall rest with MGE Construct and MGE Construct shall bear the risk of loss. MGE Construct shall have the authority to settle any loss covered by any policy of insurance, and Owners shall apply any proceeds received by them to rebuild the Facility in accordance with Section 7.6 of the Joint Ownership Agreement. As of the Chilled Water Commercial Operation Date, care, custody and control of the Chilled Water Assets shall pass to Owners (subject to MGE Construct’s remaining rights and obligations under Section 5.1) and Owners shall bear the risk of loss. 6.1.4 In the event the State or the Univer...
Ownership of the Facility; Risk of Loss. Ownership of each Facility, and of each item of material, equipment, machinery, supplies and other items incorporated therein, shall pass from Contractor to the Facility’s respective Owner in accordance with the percentage Ownership interest obtained with each payment pursuant to Article 9, except as provided below. Except for Owner-Supplied Equipment, Contractor will bear the risk of loss or damage to the materials and equipment used in the Work while in transit to the Site. After it arrives at the Site, Contractor shall bear risk of loss for all such materials and equipment in the Work (including Owner-Supplied Equipment) until Final Completion (or earlier termination of this Contract).

Related to Ownership of the Facility; Risk of Loss

  • Ownership and Risk of Loss You will own the Device and bear all risk of loss of, theft of, casualty to or damage to the Device, from the time it is shipped to you until the time (if any) when it is returned to us in accordance with this Agreement.

  • Delivery; Risk of Loss Deliveries must be made both in quantities and at times specified on the face of the Purchase Order or in Buyer's schedules and time is of the essence. Buyer’s delivery schedules are an integral part of the Purchase Order, are governed by these terms and conditions and are not independent contracts. ▪ Buyer will not be required to make payment for goods delivered to Buyer that are in excess of quantities specified in Buyer's delivery schedule on the Purchase Order or in written releases issued by Buyer. Buyer may reject any deliveries made after or before the specified delivery date. Seller will bear all costs and damages incurred by Buyer due to late or early delivery. ▪ If Seller fails to meet the agreed upon delivery requirements for reasons other than those specified in paragraph 13 below, and Buyer requires a more expeditious method of transportation for the goods than the transportation method originally specified, Seller shall ship the goods as expeditiously as possible at Seller's expense and invoice Buyer for the amount, if any, that Buyer would have paid for normal shipment. ▪ Unless provided otherwise in the Purchase Order, all goods are sold DAP. Seller shall be responsible for and bear the risk of any loss or damage to the goods until received by the Buyer.

  • Title and Risk of Loss Notwithstanding the form of shipment, title or other property interest, risk of loss shall not pass from the Contractor to the Authorized User until the Products have been received, inspected and accepted by the receiving entity. Acceptance shall occur within a reasonable time or in accordance with such other defined acceptance period as may be specified in the Bid Specifications or Purchase Order. Mere acknowledgment by Authorized User personnel of the delivery or receipt of goods (e.g., signed xxxx of lading) shall not be deemed or construed as acceptance of the Products received. Any delivery of Product that is substandard or does not comply with the Bid Specifications or Contract terms and conditions, may be rejected or accepted on an adjusted price basis, as determined by the Commissioner.

  • Risk of Loss or Damage The Lessee assumes all risk of loss or damage to the Equipment from any cause and agrees to return it to the Lessor in the condition received, with the exception of wear and tear, unless otherwise provided in this Agreement.

  • Risk of Loss Matters of inspection and acceptance are addressed in section 215.422, F.S. Until acceptance, risk of loss or damage will remain with the Contractor. The Contractor will be responsible for filing, processing, and collecting all damage claims. To assist the Contractor with damage claims, the Customer will: record any evidence of visible damage on all copies of the delivering xxxxxxx’x xxxx of lading; report damages to the carrier and the Contractor; and provide the Contractor with a copy of the xxxxxxx’x xxxx of lading and damage inspection report.

  • Title; Risk of Loss Title to and risk of loss of the deliverables shall pass to the City only when the City actually receives and accepts the deliverables.

  • RISK OF THE PROPERTY As from the time of the sale, the Property shall be at the sole risk of the Purchaser as regards to loss or damage of whatsoever nature or howsoever occurring including by fire or other accidents, state of cultivation, non-occupation or otherwise.

  • LIABILITY AND RISK OF LOSS A. Each Party hereby waives any claim against the other Party, employees of the other Party, the other Party's Related Entities (including but not limited to contractors and subcontractors at any tier, grantees, investigators, customers, users, and their contractors or subcontractor at any tier), or employees of the other Party's Related Entities for any injury to, or death of, the waiving Party's employees or the employees of its Related Entities, or for damage to, or loss of, the waiving Party's property or the property of its Related Entities arising from or related to activities conducted under this Agreement, whether such injury, death, damage, or loss arises through negligence or otherwise, except in the case of willful misconduct. B. Each Party further agrees to extend this cross-waiver to its Related Entities by requiring them, by contract or otherwise, to waive all claims against the other Party, Related Entities of the other Party, and employees of the other Party or of its Related Entities for injury, death, damage, or loss arising from or related to activities conducted under this Agreement. Additionally, each Party shall require that their Related Entities extend this cross-waiver to their Related Entities by requiring them, by contract or otherwise, to waive all claims against the other Party, Related Entities of the other Party, and employees of the other Party or of its Related Entities for injury, death, damage, or loss arising from or related to activities conducted under this Agreement.

  • DELIVERY, TITLE AND RISK OF LOSS Unless otherwise specified on the EDDYFI quotation, delivery is FCA (Manufacturing Site). In any case, delivery and risk of loss is in accordance with INCOTERMS 2010. Title to products shall pass to the Customer upon full payment of the invoice(s). In the absence of specific instructions, goods will be shipped via the carrier EDDYFI deems most practical. No claim for error in shipment will be considered unless made within ten (10) days of Customer’s receipt of goods.

  • Insurance; Risk of Loss (a) Parent shall cause the ----------------------- Companies to keep insurance policies currently maintained by the Companies covering their respective businesses, assets and current or former employees, as the case may be, or suitable replacements therefor, in full force and effect through the close of business on the Closing Date. To the extent that after the Closing any party hereto requires any information regarding claim data, payroll or other information in order to make filing with insurance carriers or self insurance regulators from another party hereto, the other party will promptly supply such information. (b) Anything to the contrary notwithstanding, from and after the Closing Date, Parent shall, and shall cause the Sellers to, remain solely responsible for any and all collateral, bonding and guarantees, relating to or arising in connection with any and all workers' compensation, general liability, automobile liability and employee medical claims or policies of the Companies relating to occurrences on or prior to the Closing Date. From and after the Closing Date, Buyer shall be responsible to continue at its expense the administration of any claim or loss covered, or which is the subject of a representation letter or being defended under a reservation of rights, under any worker's compensation or liability policy maintained by Parent or its Affiliates on or prior to the Closing Date. (c) Parent shall each use its reasonable best efforts to (i) acquire for a period of five years after the Closing Date extended reporting period coverage with respect to the liability policies set forth in Schedule 8.4 to ------------ cover claims made after the Closing Date which are based on acts, errors or omissions which occur prior to the Closing Date (the "Tail Policies") and cause ------------- Buyer to be named as an additional insured with respect to the Tail Policies, and (ii) cause Buyer to be named as an additional insured for the five year period prior to the Closing Date with respect to each occurrence-based liability policy maintained by Parent or its Affiliates with respect to the Companies as of the Closing Date. Parent and Buyer shall each pay one-half of the cost of the Tail Policies and of Buyer's being so named as an additional insured.

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