Risk in and ownership of the Goods Sample Clauses

Risk in and ownership of the Goods. 7.1. Risk in the Goods shall pass to the Buyer on delivery or on collection whichever comes first.
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Risk in and ownership of the Goods. Risk in the Goods shall pass to the Buyer on delivery Ownership in the Goods shall not pass to the Buyer until the Company has received in full in cleared funds all sums due to the Company in respect of the Goods and all other sums which are or may become due to the Company from the Buyer on any account. Until ownership of the Goods has passed to the Buyer, the Buyer shall: hold the Goods on a fiduciary basis as the Company’s bailee; store the Goods separately from all other goods of the Buyer or any third party in such a way that they remain identifiable as the Company’s property; not destroy or deface any identifying xxxx on the Goods or their packaging; maintain the Goods in satisfactory condition insured with the Company’s interest noted on the policy and hold any proceeds of such insurance on trust for the Company and not mix them with any other money.
Sample 1
Risk in and ownership of the Goods. 7.1. The risk of damage to, destruction or theft of GOODS shall pass to the CUSTOMER on delivery of the GOODS to the CUSTOMER (in accordance with clause 4) and the CUSTOMER undertakes to comprehensively insure the GOODS until paid for in full. The COMPANY may, without any prejudice to its rights arising from the failure by the CUSTOMER to insure the GOODS in terms of this clause 7.1, recover insurance premiums from the CUSTOMER for such ordered and uninsured GOODS.
Sample 1

Related to Risk in and ownership of the Goods

  • Ownership of the Goods 5.1 By entering into this Agreement, you guarantee that:

  • OWNERSHIP OF THE EQUIPMENT 9.1 Except as detailed in clause 9.4, You acknowledge that We own the Equipment and in all circumstances We retain title to the Equipment. Your rights to use the Equipment are as a bailee only.

  • Ownership of Materials All reports, documents or other materials developed or received by Consultant or any other person engaged directly by Consultant to perform the services required hereunder shall be and remain the property of City without restriction or limitation upon their use.

  • Ownership of Documents The County has permanent ownership of all directly connected and derivative materials produced under this Contract by the Subrecipient. All documents, reports and other incidental or derivative work or materials furnished hereunder shall become and remains the sole property of the County and may be used by the County as it may require without additional cost to the County. None of the documents, reports and other incidental or derivative work or furnished materials shall be used by the Subrecipient without the express written consent of the County.

  • Ownership of Material Copyright in the pages and in the screens displaying the pages, and in the information and material therein and in their arrangement, is owned by Profinium and/or its Service Providers unless otherwise indicated. All registered and unregistered trademarks used in the Service are the sole property of their respective owners. Unauthorized reproduction in whole or part is prohibited.

  • Ownership of Equipment Any equipment purchased by or furnished to the Grantee by the State under this grant agreement is provided on a loan basis only and remains the property of the State.

  • Ownership of Software The Parties acknowledge that any software provided by the Authority is and remains the property of the Authority.

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