Protection of Bailed Property Sample Clauses

Protection of Bailed Property. Any Bespoke [HW Gen] Components (including prototype and preproduction units of the Bespoke [HW Gen] Components), other materials, and Bespoke Tooling, each owned and furnished by Xxxxxx, owned by Aurora pursuant to Section 10, or procured by Continental on Aurora’s behalf (the “Bailed Property”) must: (a) be kept confidential and secure and held by Continental for the sole benefit of Aurora on a bailment-at-will basis; (b) remain Aurora’s property unless otherwise agreed to in writing by the Parties; (c) be used by Continental exclusively for Aurora’s or its Customers’ Orders; (d) be clearly marked with a serial number, clearly marked as Aurora Bailed Property and segregated when not in use; (e) be kept in good working condition at Continental’s own cost and expense and shall furnish any and all parts, mechanisms and devices required to keep the Bailed Property in good repair; and (f) be available for access by Aurora upon reasonable prior written notice (unless related to a Trigger Event, then upon notice) or shipped to an Aurora-designated location at Aurora’s expense of mutually-agreed costs (unless related to a Trigger Event or Xxxxxx’s termination pursuant to Section 20.4, then at Continental’s expense) promptly on Aurora’s demand or following expiration or termination of this Agreement. Continental shall promptly inform Xxxxxx of any equipment malfunctions and any repairs Continental may make to the equipment. In addition, Continental shall not represent or assert any ownership interest in Bailed Property and upon request of Xxxxxx shall execute any documents necessary to perfect Xxxxxx’s ownership interest in Bailed Property. Continental shall keep the Bailed Property free of liens, attachments, and other encumbrances while in Continental’s control. Continental shall insure or self-insure Bailed Property (with Aurora as loss payee) and be liable for loss or damage while in Continental’s possession or control, ordinary wear and tear excepted. Continental shall notify Aurora in writing of any damage to or loss/theft of Bailed Property promptly upon Continental’s discovery of the loss/theft or damage. Continental shall be responsible for reimbursing or crediting, at Aurora’s option, any loss of any Bailed Property. Continental shall not, and shall ensure that others do not, reverse engineer, disassemble, or otherwise seek to determine the design of any Bailed Property. Bailed Property does not include raw materials and components not provided by Auror...
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Related to Protection of Bailed Property

  • REMOVAL OF RECORDS FROM PREMISES Where performance of the Contract involves use by the Contractor (or the Contractor’s subsidiaries, affiliates, partners, agents or subcontractors) of Authorized User owned or licensed papers, files, computer disks or other electronic storage devices, data or records at Authorized User facilities or offices, or via remote access, the Contractor (or the Contractor’s subsidiaries, affiliates, partners, agents or subcontractors) shall not remotely access, modify, delete, copy or remove such Records without the prior written approval of the Authorized User. In no case, with or without the written approval of the Authorized User, can the Authorized User data be accessed, moved or sent outside the continental United States.

  • Location of Real Property and Leased Premises (a) Schedule 3.20(a) lists completely and correctly as of the Closing Date all real property owned by the Borrower and the Subsidiaries and the addresses thereof. The Borrower and the Subsidiaries own in fee all the real property set forth on Schedule 3.20(a). (b) Schedule 3.20(b) lists completely and correctly as of the Closing Date all real property leased by the Borrower and the Subsidiaries and the addresses thereof. The Borrower and the Subsidiaries have valid leases in all the real property set forth on Schedule 3.20(b).

  • Protection of Service and Property Each Party will exercise the same degree of care to prevent harm or damage to the other Party and any third parties, its employees, agents or End User Customers, or their property as it employs to protect its own employees, agents, End User Customers and property, , but in no case less than a commercially reasonable degree of care.

  • Restoration of Mortgaged Property The Company need not obtain the approval of the Purchaser prior to releasing any Insurance Proceeds or Condemnation Proceeds to the Mortgagor to be applied to the restoration or repair of the Mortgaged Property if such release is in accordance with Accepted Servicing Practices. For claims greater than $15,000, at a minimum the Company shall comply with the following conditions in connection with any such release of Insurance Proceeds or Condemnation Proceeds: (i) the Company shall receive satisfactory independent verification of completion of repairs and issuance of any required approvals with respect thereto; (ii) the Company shall take all steps necessary to preserve the priority of the lien of the Mortgage, including, but not limited to requiring waivers with respect to mechanics' and materialmen's liens; (iii) the Company shall verify that the Mortgage Loan is not in default; and (iv) pending repairs or restoration, the Company shall place the Insurance Proceeds or Condemnation Proceeds in the Escrow Account. If the Purchaser is named as an additional loss payee, the Company is hereby empowered to endorse any loss draft issued in respect of such a claim in the name of the Purchaser.

  • Entry on Mortgaged Property Enter the Mortgaged Property and take exclusive possession thereof and of all books, records and accounts relating thereto or located thereon. If Mortgagor remains in possession of the Mortgaged Property following the occurrence and during the continuance of an Event of Default and without Mortgagee’s prior written consent, Mortgagee may invoke any legal remedies to dispossess Mortgagor.

  • Abandoned Property If Tenant abandons the Premises, or is dispossessed by process of law or otherwise, any movable furniture, equipment, trade fixtures or personal property belonging to Tenant and left in the Premises shall be deemed to be abandoned, at the option of Landlord, and Landlord shall have the right to sell or otherwise dispose of such personal property in any commercially reasonable manner.

  • Personal Property In addition to the real property described in Section II, the Seller shall include the following personal property:

  • Location of Real Property The Perfection Certificate lists correctly, in all material respects, as of the Closing Date all Material Real Property owned by the Borrower and the Subsidiary Loan Parties and the addresses thereof. As of the Closing Date, the Borrower and the Subsidiary Loan Parties own in fee all the Real Property set forth as being owned by them in the Perfection Certificate except to the extent set forth therein.

  • Restoration of Property In the event Railroad authorizes Contractor to take down any fence of Railroad or in any manner move or disturb any of the other property of Railroad in connection with the work to be performed by Contractor, then in that event Contractor shall, as soon as possible and at Contractor's sole expense, restore such fence and other property to the same condition as the same were in before such fence was taken down or such other property was moved or disturbed. Contractor shall remove all of Contractor's tools, equipment, rubbish and other materials from Railroad's property promptly upon completion of the work, restoring Railroad's property to the same state and condition as when Contractor entered thereon.

  • Access to Property, Property’s Management, Property Lender, and Property Tenants Potential Investor agrees to not seek to gain access to any non-public areas of the Property or communicate with Property’s management employees, the holder of any financing encumbering the Property, the Property’s tenants, and the Owner’s partners in the ownership of the Property, without the prior consent of Owner or JLL, which consent may be withheld in the Owner’s sole discretion.

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