Common use of Transfer of Title and Risk of Loss Clause in Contracts

Transfer of Title and Risk of Loss. Title to, and risk of loss of, the Equipment or any part thereof and all materials and components used, or to be used in the Plant, shall pass to Owner upon ‘delivery to the Work site. This provision, however, shall in no case be deemed to alter any of the rights or obligations of any party under any insurance policy provided under this Contract, or any waiver of subrogation set forth in Section 14 below.

Appears in 2 contracts

Samples: Engineering, Procurement and Construction Services Fixed Price Contract (Otter Tail Ag Enterprises, LLC), Engineering, Procurement and Construction Services Fixed Price Contract (Otter Tail Ag Enterprises, LLC)

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Transfer of Title and Risk of Loss. Title to, and risk of loss of, the Equipment Work or any part thereof and all materials and components used, or to be used in the Plant, shall pass to Owner upon ‘delivery to the Work siteacceptance of Substantial Completion. This provision, however, shall in no case be deemed to alter any of the rights or obligations of any party under any insurance policy provided under this Contract, or any waiver of subrogation set forth in Section 14 below.

Appears in 1 contract

Samples: Construction Services Contract (Otter Tail Ag Enterprises, LLC)

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Transfer of Title and Risk of Loss. Title to, and risk of loss of, the Equipment or any part thereof and all materials and components used, or to be used in the Plant, shall pass to Owner upon delivery to the Work site. This provision, however, shall in no case be deemed to alter any of the rights or obligations of any party under any insurance policy provided under this ContractExhibit G, or any waiver of subrogation set forth in Section 14 below.

Appears in 1 contract

Samples: Engineering, Procurement and Construction Services Contract (Nedak Ethanol, LLC)

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