Common use of RISK AND TITLE Clause in Contracts

RISK AND TITLE. 7.1 The risk of loss of, or damage to, the Goods shall pass from Kodak to Customer as specified in the applicable Incoterm. 7.2 Subject to the provisions of the Software license, title to the Goods will pass from Kodak to Customer upon payment of all amounts due to Kodak, however incurred. As long as Kodak retains title on the Goods, the Customer may not without Kodak’s agreement sell or transfer the Goods to a third party or pledge or charge or give to any third parties any security on the Goods. Customer shall keep the Equipment in good working order and insured against all risk of loss or damage for Kodak and shall provide Kodak with proof thereof upon request. Customer will keep the Goods clearly identified as Kodak property and inform the landlords of its Site that Kodak owns the Goods. Until ownership of the Goods passes from Kodak, Customer irrevocably authorises Kodak and its representatives to enter any premises where Kodak reasonably believes the Goods are situated to repossess the same at Customer’s expense. Kodak can carry out any works to premises (at the Customer’s expense without being liable to reinstate) necessary to remove the Goods.

RISK AND TITLE. 7.1 The risk of loss of, or damage to, the Goods shall pass from Kodak to Customer as specified in the applicable Incoterm. 7.2 Subject to the provisions of the Software license, title to the Goods will pass from Kodak to Customer upon payment of all amounts due to Kodak, however incurred. As long as Kodak retains title on the Goods, the Customer may not without Kodak’s agreement sell or transfer the Goods to a third party or pledge or charge or give to any third parties any security on the Goods. Customer shall keep the Equipment in good working order and order. Customer shall keep the Goods insured against all risk of loss or damage for Kodak and shall provide Kodak with proof thereof upon requestrequest and agrees to keep the Consumables separate from its own materials until used. Customer will keep the Goods clearly identified as Kodak property and inform the landlords of its Site that Kodak owns the Goods. Until ownership of the Goods passes from Kodak, Customer irrevocably authorises Kodak and its representatives to enter any premises where Kodak reasonably believes the Goods are situated to repossess the same at Customer’s expense. Kodak can carry out any works to premises (at the Customer’s expense without being liable to reinstate) necessary to remove the Goods...