Tool Identification & Ownership Sample Clauses

Tool Identification & Ownership. All tools and materials that PRETTL purchases directly or indirectly from suppliers or that PRETTL purchases from or reimburses to the supplier in whole or in part (collectively “property of PRETTL”) remain the property of PRETTL and are held by the supplier on a deposit basis. Supplier will sign or authorize PRETTL to sign on its behalf any and all documents deemed reasonably necessary by PRETTL to be filed with federal, state or local officials to establish PRETTL's title and interest in PRETTL's property. The supplier will not sell, lend, rent, encumber, pledge, lease, transfer or otherwise dispose of the property of PRETTL. In addition, the supplier will not assert or permit any person who asserts an interest through the supplier in order to assert property claims or other interests in the property of PRETTL. The supplier will clearly mark tools and / or dedicated measurements or mark devices and associated materials, if applicable, with "property of PRETTL". Layout and Information has to be clarified together with purchasing of PRETTL. In certain cases the supplier is obliged to use the tools with the additional note "Property of (OEM)" as indicated. The supplier will permanently mark the tools with the part number that corresponds to the tool. In the event that direct marking of the tool is not practicable, an identification marking is created and a corresponding data record is kept that contains the corresponding part number for the brand. This data set is kept for the life of the program. A descriptive breakdown of each of the various components that make up the tools and / or gauges, the size and type of equipment that is used, proof of expenditure, and photographic evidence of the Finished tool and / or measuring devices must be sent to the relevant purchasing representative in front of PPAP. Additional information may be required depending on specific customer needs. The tools and / or measuring devices must be stored and handled in such a way that in order to avoid damage and deterioration.
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Related to Tool Identification & Ownership

  • Miscellaneous The Vendor acknowledges and agrees that continued participation in TIPS is subject to TIPS sole discretion and that any Vendor may be removed from the participation in the Program at any time with or without cause. Nothing in the Agreement or in any other communication between TIPS and the Vendor may be construed as a guarantee that TIPS or TIPS Members will submit any orders at any time. TIPS reserves the right to request additional proposals for items or services already on Agreement at any time.

  • Confidentiality (a) Subject to Section 7.15(c), during the Term and for a period of three

  • Notices Any notice, request or other document required or permitted to be given or delivered to the Holder by the Company shall be delivered in accordance with the notice provisions of the Purchase Agreement.

  • Insurance The Company and the Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Company and the Subsidiaries are engaged, including, but not limited to, directors and officers insurance coverage. Neither the Company nor any Subsidiary has any reason to believe that it will not be able to renew its existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business without a significant increase in cost.

  • Definitions For purposes of this Agreement:

  • General All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. If any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.

  • NOW, THEREFORE the parties hereto agree as follows:

  • Assignment This Agreement and all rights and obligations hereunder may not be assigned without the written consent of the other party.

  • Governing Law This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

  • WHEREAS the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in connection with the issuance, registration, transfer, exchange, redemption and exercise of the Warrants; and

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