PASSING OF RISK AND TITLE Sample Clauses

PASSING OF RISK AND TITLE. The Goods remain at the Supplier’s risk and title will not pass to the Principal until the Goods are delivered to, inspected by, and accepted by, the Principal at the relevant Delivery Point.

PASSING OF RISK AND TITLE. 13.1 All Parts are at the risk of the Customer from delivery Ex Works (Incoterms 2010) the AJW Facility. Parts Repaired are at the risk of the Customer until received by AJW Delivered Duty Paid (Incoterms 2010) AJW Facility. If the Customer loses or damages a Unit whilst in its care, custody or control, it shall be responsible for either the cost of the Repair (if the unit is BER) or shall pay the replacement value (as defined in the Exchange Order) if the Unit has to be replaced. 13.2 The Customer agrees and warrants that title to and ownership of: (i) Parts Sold by AJW shall remain with and be vested in AJW until AJW has received from the Customer full payment in accordance with these Standard Terms; (ii) Parts Exchanged shall remain with and be vested in AJW until AJW has received from the Customer full payment in accordance with these Standard Terms or until such time as the Exchange Unit is installed on the Customer’s aircraft (whichever is the earlier) at which point in time AJW shall pass full legal and beneficial title to the Exchange Unit to Customer and Customer shall automatically and simultaneously pass full legal and beneficial title to and ownership of the Off Unit to AJW. In the event that an Off Unit is BER, title shall transfer in accordance with Clause 3.9; (iii) any Loan Unit shall remain at all times with AJW, free from all liens and encumbrances other than any security interest created by or through AJW and the Customer shall have no right, title or interest in or to the Loan Unit except as authorised and permitted by these Standard Terms. The Customer agrees not to sell or pledge the Loan Unit, or to allow the Loan Unit to be the subject of any lien or encumbrance.

PASSING OF RISK AND TITLE. 8.1 Risk of damage to and loss of the Goods passes to the Buyer on Delivery. It is the responsibility of the Buyer to insure the Goods on and from Delivery. 8.2 Title to the Goods, whether delivered in full or in instalments, passes to the Buyer only if and when the Buyer has fully paid the Seller all amounts owing to the Seller for those Goods. 8.3 Until title passes to the Buyer, the Buyer: (a) is a bailee of the Goods; (b) will not remove or change the manner in which the Goods have been labelled by the Seller; (c) will store the Goods in a manner which shows clearly that they are the property of the Seller; (d) will not modify, change, intermix or attach the Goods to any other goods or property in any way that cannot be promptly reversed without causing damage to the Goods; (e) holds the benefit of any insurance of the Goods on trust for the Seller and in the event the Goods are lost, damaged or destroyed, will pay the proceeds of such insurance to the Seller up to any outstanding amount owed by the Buyer under the Agreement; (f) irrevocably authorises the Seller to enter any premises where the Goods are kept to inspect and/or recover possession of the Goods; and (g) will not encumber or grant any interest in the Goods, by means of security or otherwise, in breach of this clause 8.3 and clause 11 (Personal Property Security). 8.4 Where the Goods are sold or used before title passes to the Buyer, any proceeds resulting from such sale or use will be held by the Buyer in a separate account on trust for the Seller until any outstanding amount owed by the Buyer under this Agreement has been fully paid to the Seller. 8.5 In the event of a default by the Buyer, the Seller may, without limiting any of its other rights or remedies, demand the immediate return of the Goods to the Seller at the Buyer’s expense or payment of proceeds

PASSING OF RISK AND TITLE. 15.1. At all times during a Repair or Overhaul, title to the Components shall remain vested in the Customer subject to AJWT’s rights under clause 15.2. The Customer agrees and warrants that title to and ownership of Components Sold by AJWT shall remain with and be vested in AJWT until AJWT has received from the Customer full payment in accordance with these Standard Terms. 15.3. Any Loan Unit shall remain at all times with AJWT, free from all liens and encumbrances other than any security interest created by or through AJWT and the Customer shall have no right, title or interest in or to the Loan Unit except as authorised and permitted by these Standard Terms. The Customer agrees not to sell or pledge the Loan Unit, or to allow the Loan Unit to be the subject of any lien or encumbrance.

PASSING OF RISK AND TITLE. 13.1. All Parts are at the risk of the Customer from delivery Ex Works (Incoterms 2010) the AP&S Facility. Parts Repaired are at the risk of the Customer until received by AP&S Delivered Duty Paid (Incoterms 2010) the AP&S Facility. 13.2. The Customer agrees and warrants that title to and ownership of Parts Sold by AP&S shall remain with and be vested in AP&S until AP&S has received from the Customer full payment in accordance with these Standard Terms and the Credit Agreement.

PASSING OF RISK AND TITLE. The passing of risk and title takes place at Delivery. The passing of risk and title shall take place: 1) when the SAT has been passed in accordance with the test management plan and the acceptance test procedures, and the SATC has been signed by both Parties 2) when all the associated documentation pertaining to the Deliverables have been delivered, including training material, NATO codification numbers, etc.

PASSING OF RISK AND TITLE. Title and risk of loss to the Products supplied hereunder shall pass to Buyer at the F.O.B. shipping point. Full legal, beneficial, and equitable title to the Products shall remain vested in CET until a) payment in full, in cleared funds, for all the Products has been received by CET; and b) all other money payable by the Buyer to CET on any other account or under the Contract or any other contract or order has been received by CET.

PASSING OF RISK AND TITLE. Title to and all risk of loss of or damage to each Shipment shall remain with the Supplier and shall pass to the Purchaser on an EXW basis at the Supplier's premises at the time of pick up.

PASSING OF RISK AND TITLE. 9.1 Risk of damage to and loss of the Goods passes to the Buyer on Delivery. It is the responsibility of the Buyer to insure the Goods on and from Delivery.

PASSING OF RISK AND TITLE. 9.1 Unless otherwise stated on the Contract, risk in the Goods purchased shall pass to the Company upon completion of delivery as specified inCondition 3.4 and title to the Goods or any part of the Goods shall pass upon the earlier of delivery or the time of any payment being made for them. TheSupplier shall be responsible for transport and unloading costs and insurance of Goods to their full value against all risk of damage or loss prior to completion of delivery. 9.2 All tools, equipment and materials of the Supplier required in the performance of the Supplier's obligations under the Contract shall be and remain at thesole risk of the Supplier whether or not they are upon premises of the Company or other premises specified in the Contract. 9.3 Where the Supplier has contracted to perform Services or work upon Goods or materials without title thereto passing to or belonging to the Supplier, risk shall pass to the Supplier in respect of such Goods and materials when it takes delivery thereof and shall remain with the Supplier until the Goods or materials processed or worked upon as the case may be are redelivered to the Company. Delivery for the purposes of this Condition shall mean the timeof parting with physical possession by the Company and redelivery shall mean upon acceptance of delivery by a duly authorised agent, employee or representative of the Company.