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TITLE AND RISK Sample Clauses

TITLE AND RISK. 6.1 The risk in the Products shall pass to the Customer on completion of delivery to the Delivery Location. 6.2 Legal and beneficial title to the Products shall not pass to the Customer until the earlier of:‌ (a) Ornua receives payment in full (in cash or cleared funds) for the Products, in which case title to the Products shall pass at the time of payment of all such sums; and (b) the Customer resells the Products, in which case title to the Products shall pass to the Customer at the time specified in clause 6.4. 6.3 Until title to the Products has passed to the Customer, the Customer shall:‌ (a) hold the Products as Ornua’s fiduciary agent and bailee; (b) not pledge or in any way charge by way of security the Products; (c) store the Products separately from all other products held by the Customer so that they remain readily identifiable as Ornua's property; (d) not remove, deface or obscure any identifying mark or packaging on or relating to the Products;‌ (e) maintain the Products in satisfactory condition and keep them insured against all risks for their full price on Ornua's behalf from the date of delivery; (f) notify Ornua immediately if it becomes subject to any of the events listed in clause 17.2(b) or clause 17.2(c); and (g) give Ornua such information relating to the Products as Ornua may require from time to time.‌‌ 6.4 Subject to clause 6.5, the Customer may resell or use the Products in the ordinary course of its business (but not otherwise) before Ornua receives payment for the Products. However, if the Customer resells the Products before that time: (a) it does so as principal and not as Ornua’s agent; and (b) title to the Products shall pass from Ornua to the Customer immediately before the time at which resale by the Customer occurs. 6.5 If before title to the Products passes to the Customer the Customer becomes subject to any of the events listed in clause 17.2(b) or clause 17.2(c), then, without limiting any other right or remedy Ornua may have:‌ (a) the Customer's right to resell Products or use them in the ordinary course of its business ceases immediately; and‌ (b) Ornua may at any time: (i) require the Customer to deliver up all Products in its possession which have not been resold, or irreversibly incorporated into another product; and (ii) if the Customer fails to do so promptly, enter any premises of the Customer or of any third party where the Products are stored in order to recover them.
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TITLE AND RISK. 8.1 Title in the Goods passes to the Purchaser on payment by the Purchaser of the Price in full. Where the Purchaser has not paid the Company the Price in full and risk has transferred, the Purchaser agrees to hold the Goods as a fiduciary for the Company. 8.2 Notwithstanding clause 8.1 above, risk in the Goods passes to the Purchaser from the first occurrence of: (a) the passing of title in the Goods to the Purchaser; (b) the physical delivery of the Goods to the Purchaser; (c) the time when the Goods have been dispatched from the premises of the Company or another location nominated by the Company, or placed on a carrier which is to effect delivery of the Goods from the Company or another location nominated by the Company to the Purchaser, where the carrier has been nominated, arranged or retained by the Purchaser; or (d) the time when the Goods arrive at the premises of the Purchaser (prior to being taken off the carrier) where the carrier which is to effect delivery of the Goods from the Company or another location nominated by the Company to the Purchaser has been nominated, arranged or retained by the Company; or (e) if Goods are stored by the Company on behalf of the Purchaser in accordance with Clause 9. 8.3 The Company is not liable for any loss or damage or deterioration of the Goods after risk in the Goods has passed to the Purchaser. 8.4 In addition to any other rights the Company may have against the Purchaser, the Company may repossess the Goods if any amount due in respect of the Goods is outstanding or if the Company reasonably believes that any such amount will not be paid in full when it falls due for payment. The Purchaser grants the Company an irrevocable licence to enter upon any premises of the Purchaser for the purpose of taking possession of the Goods in accordance with this clause. 8.5 The Purchaser may sell and deliver the Goods as the Company's fiduciary to a third party in the ordinary course of the Purchaser's business provided that: (a) where the Purchaser is paid by the third party for the Goods, the Purchaser shall account to the Company in respect of the payment in accordance with the Purchaser's fiduciary obligations; and (b) where the Purchaser is not paid by the third party the Purchaser agrees to assign to the Company its claim against the third party upon receiving the Company's written request to that effect. 8.6 For the purposes of clause 8.4 and clause 8.5, where the Company supplies particular Goods of the same or ...
TITLE AND RISK. Title to and risk of loss of the VESSEL shall pass to the BUYER only upon the delivery and acceptance thereof having been completed as stated above; it being expressly understood that, until such delivery is effected, title to and risk of loss of the VESSEL and her equipment shall be in the BUILDER.
TITLE AND RISK. (a) The Supplier warrants that title in each good, work or improvement supplied by the Supplier hereunder, when it passes to the City hereunder, shall be free and clear of Encumbrances. (b) Title to any good, work or improvement supplied by the Supplier hereunder shall pass to the City upon the earlier of: (i) payment therefor by the City; (ii) <its delivery to a>/<fixture to any part of the Site>; and (iii) its incorporation into a work supplied by the Supplier. (c) The Supplier shall deliver to the City any documentation, including a xxxx of sale, which the City may reasonably require to evidence the transfer of title in and to goods to the City, free and clear of all Encumbrances. (d) The Supplier must not enter any contract that reserves ownership of goods or materials supplied by the Supplier hereunder in favour of any third party and, at the request of the City, the Supplier must provide evidence that no such contract has been entered into. (e) Notwithstanding the foregoing provisions of this Section 3.11, the Supplier is responsible for the care of, and bears all of the risk of loss or damage to, each good, work or improvements supplied hereunder and each material used in connection with the Supply, until the <the completion of the Supply to the satisfaction of the City> <the Certificate of Completion has been issued>.
TITLE AND RISK. 4.3.1 The ownership and passing of title and risk from one party to another is specified in Schedule 2-12.
TITLE AND RISK. Title and risk shall pass to the BUYER upon delivery of the VESSEL being effected as stated above and the BUILDER shall be free of all responsibility or liability whatsoever related with this CONTRACT except for the warranty of quality contained in Article IX and the obligation to correct and/or remedy, as provided in Article VI.5.(d), if any, it being expressly understood that, until such delivery is effected, the VESSEL and equipment thereof are at the entire risk of the BUILDER including but not confined to, risks of war, insurrection and seizure by Governments or Authorities, whether Korean or foreign, and whether at war or at peace. The title to the BUYER's supplies as provided in Article XII shall remain with the BUYER and the BUILDER's responsibility for such BUYER's supplies shall be as described in Article XII.2.
TITLE AND RISK. Goods shall remain at the risk of Supplier until delivery and written acceptance by Amgen, (i.e. when off-loading and stacking, is complete), at which time title shall pass to Amgen. Upon delivery and written acceptance by Amgen, the Goods shall not be subject to any option, charge, lien, encumbrance or other adverse right and neither Supplier nor any third party shall be entitled either to retain title to the Goods or to have any equitable or other rights over the Goods.
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TITLE AND RISK. Risk of loss of or damage to, and title in the Products will pass to You upon delivery in accordance with Section 6. You gain no ownership rights whatsoever in any software forming part of the Products, whether such software is operating software contained within the equipment, firmware or stand-alone software and without limiting the operation of Sections 12 to 14, Hitachi expressly grants to You the license rights to use such software in object code only under the license terms contained in the Online Terms.
TITLE AND RISK. Where any item of Contractor’s Equipment is ultimately intended to become the property of the Corporation pursuant to this Contract (whether through incorporation in the Facilities or otherwise), title to such item shall be transferred to the Corporation with effect from the first arrival of such item at the Site but the risk and responsibility for the damage, loss, care and maintenance of such item shall remain with the Contractor until the date of issue of the Completion Certificate in respect of the whole of the Facilities.
TITLE AND RISKTitle in the Goods will not pass to the Customer until: (a) all money payable by the Customer pursuant to this Agreement has been paid; and (b) all the Customer’s other obligations pursuant to this Agreement have been satisfied in full. All risk in the Goods is to pass to the Customer on signing this Agreement. The Customer agrees to indemnify the Creditor against destruction or loss of the Goods (including legal forfeiture) and from all liabilities or claims arising out of the possession or use of the Goods.
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