Common use of TREATMENT OF ASSETS Clause in Contracts

TREATMENT OF ASSETS. A. Title to all property furnished by OSOS shall remain in OSOS. Title to all property furnished by Contractor, for the cost of which Contractor is entitled to be reimbursed as a direct item of cost under the Contract, shall pass to and vest in OSOS upon delivery of such property by Contractor. Title to other property, the cost of which is reimbursable to Contractor under the Contract, shall pass to and vest in OSOS upon (i) issuance for use of such property in the performance of the Contract, or (ii) commencement of use of such property in the performance of the Contract, or (iii) reimbursement of the cost thereof by OSOS in whole or in part, whichever first occurs. B. Any property of OSOS furnished to Contractor shall, unless otherwise provided herein or approved by OSOS, be used only for the performance of the Contract. C. Contractor shall be responsible for any loss or damage to property of OSOS which results from the negligence of Contractor or which results from the failure on the part of Contractor to maintain and administer that property in accordance with sound management practices. D. If any of OSOS property is lost, destroyed or damaged, Contractor shall immediately notify OSOS and shall take all reasonable steps to protect the property from further damage. E. Contractor shall surrender to OSOS all property of OSOS prior to settlement upon completion, termination or cancellation of the Contract. F. All reference to Contractor under this Section 31 shall also include Contractor's employees, agents or Subcontractors.

TREATMENT OF ASSETS. A. Title to all property furnished by OSOS shall remain in OSOS. Title to all property furnished by Contractor, for the cost of which Contractor is entitled to be reimbursed as a direct item of cost under the Contract, shall pass to and vest in OSOS upon delivery of such property by Contractor. Title to other property, the cost of which is reimbursable to Contractor under the Contract, shall pass to and vest in OSOS upon (i) issuance for use of such property in the performance of the Contract, or (ii) commencement of use of such property in the performance of the Contract, or (iii) reimbursement of the cost thereof by OSOS in whole or in part, whichever first occurs. B. Any property of OSOS furnished to Contractor shall, unless otherwise provided herein or approved by OSOS, be used only for the performance of the Contract. C. Contractor shall be responsible for any loss or damage to property of OSOS which results from the negligence of Contractor or which results from the failure on the part of Contractor to maintain and administer that property in accordance with sound management practices. D. If any of OSOS property is lost, destroyed or damaged, Contractor shall immediately notify OSOS and shall take all reasonable steps to protect the property from further damage. E. Contractor shall surrender to OSOS all property of OSOS prior to settlement upon completion, termination or cancellation of the Contract. F. All reference to Contractor under this Section 31 shall also include Contractor's employees, agents or Subcontractors.

TREATMENT OF ASSETS. A. a. Title to all property furnished by OSOS shall remain remains in OSOS. Title to all property furnished by Contractor, for the cost of which Contractor is entitled to be reimbursed as a direct item of cost under the Contract, shall pass passes to and vest vests in OSOS upon delivery of such property by Contractor. Title to other property, the cost of which is reimbursable to Contractor under the Contract, shall pass passes to and vest vests in OSOS upon (i) issuance for use of such property in the performance of the Contract, or (ii) commencement of use of such property in the performance of the Contract, or (iii) reimbursement of the cost thereof by OSOS in whole or in part, whichever first occurs. B. Any b. Contractor agrees to use any property furnished by OSOS only for the performance of OSOS furnished to Contractor shallthe Contract, unless otherwise provided herein or approved by OSOS, be used only for the performance of the Contract. C. c. Contractor shall be is responsible for any loss or damage to property of OSOS which results from the negligence of Contractor or which results from the failure on the part of Contractor to maintain and administer that property in accordance with sound management practices. D. d. If any of OSOS property is lost, destroyed or damaged, Contractor shall immediately agrees to notify OSOS and shall take all reasonable steps to protect the property from further damage. E. e. Contractor shall agrees to surrender to OSOS all property of OSOS prior to settlement upon completion, termination or cancellation of the Contract. F. f. All reference references to Contractor under this Section 31 shall also include Contractor's employees, agents or Subcontractors.

TREATMENT OF ASSETS. A. Title to all property furnished by OSOS shall remain in OSOS. Title to all property furnished by Contractor, for the cost of which Contractor is entitled to be reimbursed as a direct item of cost under the this Contract, shall pass to and vest in OSOS upon delivery of such property by Contractor. Title to other property, the cost of which is reimbursable to Contractor under the this Contract, shall pass to and vest in OSOS upon (i) issuance for use of such property in the performance of the this Contract, or (ii) commencement of use of such property in the performance of the this Contract, or (iii) reimbursement of the cost thereof by OSOS in whole or in part, whichever first occurs. B. . Any property of OSOS furnished to Contractor shall, unless otherwise provided herein or approved by OSOS, be used only for the performance of the this Contract. C. . Contractor shall be responsible for any loss or damage to property of OSOS which that results from the negligence of Contractor or which results from the failure on the part of Contractor to maintain and administer that property in accordance with sound management practices. D. . If any of OSOS property is lost, destroyed or damaged, Contractor shall immediately notify OSOS and shall take all reasonable steps to protect the property from further damage. E. . Contractor shall surrender to OSOS all property of OSOS prior to settlement upon completion, termination or cancellation of the this Contract. F. . All reference references to Contractor under this Section 31 clause shall also include Contractor's ’s employees, agents or and Subcontractors.

TREATMENT OF ASSETS. A. Title to all property furnished by OSOS shall remain in OSOS. Title to all property furnished by ContractorLicensor, for the cost of which Contractor Licensor is entitled to be reimbursed as a direct item of cost under the Contract, shall pass to and vest in OSOS upon delivery of such property by ContractorLicensor. Title to other property, the cost of which is reimbursable to Contractor Licensor under the Contract, shall pass to and vest in OSOS upon (i) issuance for use of such property in the performance of the Contract, or (ii) commencement of use of such property in the performance of the Contract, or (iii) reimbursement of the cost thereof by OSOS in whole or in part, whichever first occurs. B. Any property of OSOS furnished to Contractor Licensor shall, unless otherwise provided herein or approved by OSOS, be used only for the performance of the Contract. C. Contractor Licensor shall be responsible for any loss or damage to property of OSOS which results from the negligence of Contractor Licensor or which results from the failure on the part of Contractor Licensor to maintain and administer that property in accordance with sound management practices. D. If any of OSOS property is lost, destroyed or damaged, Contractor Licensor shall immediately notify OSOS and shall take all reasonable steps to protect the property from further damage. E. Contractor Licensor shall surrender to OSOS all property of OSOS prior to settlement upon completion, termination or cancellation of the Contract. F. All reference references to Contractor Licensor under this Section 31 shall also include ContractorLicensor's employees, agents or Subcontractors.

TREATMENT OF ASSETS. A. a. Title to all property furnished by OSOS shall remain in OSOS. Title to all property furnished by Contractor, for the cost of which Contractor is entitled to be reimbursed as a direct item of cost under the Contract, shall pass to and vest in OSOS upon delivery of such property by Contractor. Title to other property, the cost of which is reimbursable to Contractor under the Contract, shall pass to and vest in OSOS upon (i) issuance for use of such property in the performance of the Contract, or (ii) commencement of use of such property in the performance of the Contract, or (iii) reimbursement of the cost thereof by OSOS in whole or in part, whichever first occurs. B. b. Any property of OSOS furnished to Contractor shall, unless otherwise provided herein or approved by OSOS, be used only for the performance of the Contract. C. c. Contractor shall be responsible for any loss or damage to property of OSOS which results from the negligence of Contractor or which results from the failure on the part of Contractor to maintain and administer that property in accordance with sound management practices. D. d. If any of OSOS property is lost, destroyed or damaged, Contractor shall immediately notify OSOS and shall take all reasonable steps to protect the property from further damage. E. e. Contractor shall surrender to OSOS all property of OSOS prior to settlement upon completion, termination or cancellation of the Contract. F. f. All reference to Contractor under this Section 31 shall also include Contractor's employees, agents or Subcontractors.