Common use of Risk of Loss and Changes in Market Rules and Conditions Clause in Contracts

Risk of Loss and Changes in Market Rules and Conditions. Until the BGS-FP Supply is delivered to each of the Companies at the Delivery Points, the BGS-FP Supplier shall bear all risk of loss associated with the procurement and delivery of BGS-FP Supply. Title to and risk of loss related to BGS-FP Supply shall transfer from the BGS- FP Supplier to each of the Companies at the Delivery Points. The BGS-FP Supplier warrants that it will deliver to each of the Companies BGS-FP Supply free and clear of all liens, security interests, claims and encumbrances or any interest therein or thereto by any person arising prior to the Delivery Points. Each of the Companies will bear the risk of any changes in the charges and requirements associated with delivery service and NITS. The BGS-FP Supplier will bear the risk of all other changes in market rules or conditions, whatever the cause or source of those changes, that result in the imposition of new, additional or increased charges, services or products being required in order to effect the delivery of BGS-FP Supply to the Delivery Points. Subject to the provisions of Section 15.13, should any such charges, services, responsibilities or products be imposed on or allocated to one or more of the Companies by any Applicable Legal Authority, the appropriate Company or Companies shall allocate or assign such charges, services, responsibilities or products to the BGS-FP Supplier, and the BGS-FP Supplier agrees to accept such allocation or assignment.

Appears in 2 contracts

Samples: Supplier Forward Contract, Supplier Forward Contract

AutoNDA by SimpleDocs

Risk of Loss and Changes in Market Rules and Conditions. Until the BGS-FP Supply is delivered to each of the Companies at the Delivery Points, the BGS-BGS- FP Supplier shall bear all risk of loss associated with the procurement and delivery of BGS-FP Supply. Title to and risk of loss related to BGS-FP Supply shall transfer from the BGS- BGS-FP Supplier to each of the Companies at the Delivery Points. The BGS-FP Supplier warrants that it will deliver to each of the Companies BGS-FP Supply free and clear of all liens, security interests, claims and encumbrances or any interest therein or thereto by any person arising prior to the Delivery Points. Each of the The Companies will bear the risk of any changes in the charges and requirements associated with delivery service and NITS. The BGS-FP Supplier will bear the risk of all other changes in market rules or conditions, whatever the cause or source of those changes, that result in the imposition of new, additional or increased charges, services or products being required in order to effect the delivery of BGS-FP Supply to the Delivery Points. Subject to the provisions of Section 15.1315.14, should any such charges, services, responsibilities or products be imposed on or allocated to one or more of the Companies by any Applicable Legal Authority, the appropriate Company or Companies shall allocate or assign such charges, services, responsibilities or products to the BGS-FP Supplier, and the BGS-FP Supplier agrees to accept such allocation or assignment.

Appears in 1 contract

Samples: Supplier Forward Contract

Risk of Loss and Changes in Market Rules and Conditions. Until the BGS-FP Supply is delivered to each of the Companies at the Delivery Points, the BGS-BGS- FP Supplier shall bear all risk of loss associated with the procurement and delivery of BGS-FP Supply. Title to and risk of loss related to BGS-FP Supply shall transfer from the BGS- BGS-FP Supplier to each of the Companies at the Delivery Points. The BGS-FP Supplier warrants that it will deliver to each of the Companies BGS-FP Supply free and clear of all liens, security interests, claims and encumbrances or any interest therein or thereto by any person arising prior to the Delivery Points. Each of the The Companies will bear the risk of any changes in the charges and requirements associated with delivery service and NITS. The BGS-FP Supplier will bear the risk of all other changes in market rules or conditions, whatever the cause or source of those changes, that result in the imposition of new, additional or increased charges, services or products being required in order to effect the delivery of BGS-FP Supply to the Delivery Points. Subject to the provisions of Section 15.13, should any such charges, services, responsibilities or products be imposed on or allocated to one or more of the Companies by any Applicable Legal Authority, the appropriate Company or Companies shall allocate or assign such charges, services, responsibilities or products to the BGS-FP Supplier, and the BGS-FP Supplier agrees to accept such allocation or assignment.

Appears in 1 contract

Samples: Supplier Forward Contract

Risk of Loss and Changes in Market Rules and Conditions. Until the BGS-FP Supply is delivered to each of the Companies at the Delivery Points, the BGS-BGS- FP Supplier shall bear all risk of loss associated with the procurement and delivery of BGS-FP Supply. Title to and risk of loss related to BGS-FP Supply shall transfer from the BGS- BGS-FP Supplier to each of the Companies at the Delivery Points. The BGS-FP Supplier warrants that it will deliver to each of the Companies BGS-FP Supply free and clear of all liens, security interests, claims and encumbrances or any interest therein or thereto by any person arising prior to the Delivery Points. Each of the The Companies will bear the risk of any changes in the charges and requirements associated with delivery service and NITSNetwork Integration Transmission Service. The BGS-FP Supplier will bear the risk of all other changes in market rules or conditions, whatever the cause or source of those changes, that result in the imposition of new, additional or increased charges, services or products being required in order to effect the delivery of BGS-FP Supply Supply, whether those changes occur before to the Delivery Points. Subject to the provisions of Section 15.1315.14, should any such charges, services, responsibilities or products be imposed on or allocated to one or more of the Companies by any Applicable Legal Authority, the appropriate Company or Companies shall allocate or assign such charges, services, responsibilities services or products to the BGS-FP Supplier, and the BGS-FP Supplier agrees to accept such allocation or assignment.

Appears in 1 contract

Samples: Supplier Forward Contract

Risk of Loss and Changes in Market Rules and Conditions. Until the BGS-FP Supply is delivered to each of the Companies CompaniesCompany at the Delivery PointsPointsPoint, the BGS-FP Supplier shall bear all risk of loss associated with the procurement and delivery of BGS-FP Supply. Title to and risk of loss related to BGS-FP Supply shall transfer from the BGS- BGS-FP Supplier to each of the Companies CompaniesCompany at the Delivery PointsPointsPoint. The BGS-FP Supplier warrants that it will deliver to each of the Companies CompaniesCompany BGS-FP Supply free and clear of all liens, security interests, claims and encumbrances or any interest therein or thereto by any person arising prior to the Delivery PointsPointsPoint. Each of the Companies CompaniesThe Company will bear the risk of any changes in the charges and requirements associated with delivery service and NITS. The BGS-FP Supplier will bear the risk of all other changes in market rules or conditions, whatever the cause or source of those changes, that result in the imposition of new, additional or increased charges, services or products being required in order to effect the delivery of BGS-FP Supply to the Delivery PointsPointsPoint. Subject to the provisions of Section 15.13, should any such charges, services, responsibilities or products be imposed on or allocated to one or more of the Companies CompaniesCompany by any Applicable Legal Authority, the appropriate Company or Companies shall allocate or assign such charges, services, responsibilities or products to the BGS-FP Supplier, and the BGS-FP Supplier agrees to accept such allocation or assignment.

Appears in 1 contract

Samples: BGS Fp Supplier Forward Contract

AutoNDA by SimpleDocs

Risk of Loss and Changes in Market Rules and Conditions. Until the BGS-FP LRTP Supply is delivered to each of the Companies at the Delivery Points, the BGS-FP LRTP Supplier shall bear all risk of loss associated with the procurement and delivery of BGS-FP LRTP Supply. Title to and risk of loss related to BGS-FP LRTP Supply shall transfer from the BGS- FP BGS-LRTP Supplier to each of the Companies at the Delivery Points. The BGS-FP LRTP Supplier warrants that it will deliver to each of the Companies BGS-FP LRTP Supply free and clear of all liens, security interests, claims and encumbrances or any interest therein or thereto by any person arising prior to the Delivery Points. Each of the Companies will bear the risk of any changes in the charges and requirements associated with delivery service and NITS. The BGS-FP LRTP Supplier will bear the risk of all other changes in market rules or conditions, whatever the cause or source of those changes, that result in the imposition of new, additional or increased charges, services or products being required in order to effect the delivery of BGS-FP LRTP Supply to the Delivery Points. Subject to the provisions of Section 15.13, should any such charges, services, responsibilities or products be imposed on or allocated to one or more of the Companies by any Applicable Legal Authority, the appropriate Company or Companies shall allocate or assign such charges, services, responsibilities or products to the BGS-FP LRTP Supplier, and the BGS-FP BGS- LRTP Supplier agrees to accept such allocation or assignment.

Appears in 1 contract

Samples: Supplier Forward Contract

Risk of Loss and Changes in Market Rules and Conditions. Until the BGS-FP LFP Supply is delivered to each of the Companies at the Delivery Points, the BGS-FP LFP Supplier shall bear all risk of loss associated with the procurement and delivery of BGS-FP LFP Supply. Title to and risk of loss related to BGS-FP LFP Supply shall transfer from the BGS- FP BGS-LFP Supplier to each of the Companies at the Delivery Points. The BGS-FP LFP Supplier warrants that it will deliver to each of the Companies BGS-FP LFP Supply free and clear of all liens, security interests, claims and encumbrances or any interest therein or thereto by any person arising prior to the Delivery Points. Each of the Companies will bear the risk of any changes in the charges and requirements associated with delivery service and NITS. The BGS-FP LFP Supplier will bear the risk of all other changes in market rules or conditions, whatever the cause or source of those changes, that result in the imposition of new, additional or increased charges, services or products being required in order to effect the delivery of BGS-FP LFP Supply to the Delivery Points. Subject to the provisions of Section 15.13, should any such charges, services, responsibilities or products be imposed on or allocated to one or more of the Companies by any Applicable Legal Authority, the appropriate Company or Companies shall allocate or assign such charges, services, responsibilities or products to the BGS-FP LFP Supplier, and the BGS-FP LFP Supplier agrees to accept such allocation or assignment.

Appears in 1 contract

Samples: Supplier Forward Contract

Risk of Loss and Changes in Market Rules and Conditions. Until the BGS-FP Supply is delivered to each of the Companies at the Delivery Points, the BGS-BGS- FP Supplier shall bear all risk of loss associated with the procurement and delivery of BGS-FP Supply. Title to and risk of loss related to BGS-FP Supply shall transfer from the BGS- BGS-FP Supplier to each of the Companies at the Delivery Points. The BGS-FP Supplier warrants that it will deliver to each of the Companies BGS-FP Supply free and clear of all liens, security interests, claims and encumbrances or any interest therein or thereto by any person arising prior to the Delivery Points. Each of the The Companies will bear the risk of any changes in the charges and requirements associated with delivery service and NITSNetwork Integration Transmission ServiceNITS. The BGS-BGS- FP Supplier will bear the risk of all other changes in market rules or conditions, whatever the cause or source of those changes, that result in the imposition of new, additional or increased charges, services or products being required in order to effect the delivery of BGS-FP Supply to the Delivery Points. Subject to the provisions of Section E.ARTICLE 14: ,15.13, should any such charges, services, responsibilities or products be imposed on or allocated to one or more of the Companies by any Applicable Legal Authority, the appropriate Company or Companies shall allocate or assign such charges, services, responsibilities or products to the BGS-FP Supplier, and the BGS-FP Supplier agrees to accept such allocation or assignment.

Appears in 1 contract

Samples: Supplier Forward Contract

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!