Common use of TREATMENT OF ASSETS Clause in Contracts

TREATMENT OF ASSETS. 1. Title to all property furnished by the Purchasing Entity shall remain with the Purchasing Entity, as appropriate. Title to all property furnished by the Contractor, the cost for which the Contractor is entitled to be reimbursed as a direct item of cost under this Master Agreement, shall pass to and vest in the Purchasing Entity upon delivery of such property by the Contractor and acceptance by the Purchasing Entity. Title to other property, the cost of which is reimbursable to the Contractor under this Master Agreement, shall pass to and vest in the Purchasing Entity upon (i) issuance for use of such property in the performance of this Master Agreement, or (ii) commencement of use of such property in the performance of this Master Agreement, or (iii) reimbursement of the cost thereof by the Purchasing Entity in whole or in part, whichever first occurs. 2. Any property of the Purchasing Entity furnished to the Contractor shall, unless otherwise provided herein or approved by the Purchasing Entity, be used only for the performance of this Master Agreement. 3. The Contractor shall be responsible for damages as a result of any loss or damage to property of the Purchaser which results from the negligence of the Contractor or which results from the failure on the part of the Contractor to maintain, administer and protect that property in a reasonable manner and to the extent practicable in all instances. 4. If any Purchasing Entity property is lost, destroyed, or damaged, the Contractor shall immediately notify the Purchasing Entity and shall take all reasonable steps to protect the property from further damage. 5. The Contractor shall surrender to the Purchasing Entity all property of the Purchasing Entity prior to settlement upon completion, termination, or cancellation of this Master Agreement. 6. All references to the Contractor under this clause shall also include Contractor's employees, agents and Subcontractors.

TREATMENT OF ASSETS. 1Title to all property furnished by any Participating State and/or Purchasing Entity shall remain with such Participating State and/or Purchasing Entity, as applicable. Any property of any Participating State and/or Purchasing Entity furnished to Contractor shall, unless otherwise provided herein or approved by such Participating State and/or Purchasing Entity, be used only for the performance of this Cooperative Purchasing Master Agreement. Contractor shall be responsible for damages as a result of any loss or damage to property of any Participating State and/or Purchasing Entity to the extent it results from the negligence of Contractor or to the extent it results from the failure on the part of Contractor to maintain, administer and protect that property in a reasonable manner and to the extent practicable in all instances. If any such Participating State and/or Purchasing Entity property is lost, destroyed, or damaged, Contractor immediately shall notify such Participating State and/or Purchasing Entity and shall take all reasonable steps to protect the property from further damage. Contractor shall surrender to such Participating State and/or Purchasing Entity all property of such Participating State and/or Purchasing Entity prior to settlement upon completion, termination, or cancellation of this Cooperative Purchasing Master Agreement. Title to all property furnished by the Purchasing Entity shall remain with the Purchasing Entity, as appropriate. Title to all property furnished by the Contractor, the cost for which the Contractor is entitled to be reimbursed as a direct item of cost under this Master AgreementContract, shall pass to and vest in the Purchasing Entity upon delivery of such property by the Contractor and acceptance by the Purchasing Entity. Title to other property, the cost of which is reimbursable to the Contractor under this Master AgreementContract, shall pass to and vest in the Purchasing Entity upon (i) issuance for use of such property in the performance of this Master AgreementContract, or (ii) commencement of use of such property in the performance of this Master AgreementContract, or (iii) reimbursement of the cost thereof by the Purchasing Entity in whole or in part, whichever first occurs. 2. Any property of the Purchasing Entity furnished to the Contractor shall, unless otherwise provided herein or approved by the Purchasing Entity, be used only for the performance of this Master Agreement. 3. The Contractor shall be responsible for damages as a result of any loss or damage to property of the Purchaser which results from the negligence of the Contractor or which results from the failure on the part of the Contractor to maintain, administer and protect that property in a reasonable manner and to the extent practicable in all instances. 4. If any Purchasing Entity property is lost, destroyed, or damaged, the Contractor shall immediately notify the Purchasing Entity and shall take all reasonable steps to protect the property from further damage. 5. The Contractor shall surrender to the Purchasing Entity all property of the Purchasing Entity prior to settlement upon completion, termination, or cancellation of this Master Agreement. 6. All references reference to the Contractor under this clause shall also include Contractor's employees, agents and Subcontractorsor subcontractors. Title to software shall not pass to Purchasing Entity but shall be licensed. All reference to Contractor under this clause shall also include Contractor's employees, agents or subcontractors.

TREATMENT OF ASSETS. 1Title to all property furnished by Enterprise Services and/or Purchaser shall remain with Enterprise Services and/or Purchaser, as applicable. Any property of Enterprise Services and/or Purchaser furnished to Contractor shall, unless otherwise provided herein or approved by Enterprise Services and/or Purchaser, be used only for the performance of this Contract. Contractor shall be responsible for damages as a result of any loss or damage to property of Enterprise Services and/or Purchaser which results from the negligence of Contractor or which results from the failure on the part of Contractor to maintain, administer and protect that property in a reasonable manner and to the extent practicable in all instances. If any Enterprise Services and/or Purchaser property is lost, destroyed, or damaged, Contractor immediately shall notify Enterprise Services and/or Purchaser and shall take all reasonable steps to protect the property from further damage. Contractor shall surrender to Enterprise Services and/or purchaser all property of Enterprise Services and/or purchaser prior to settlement upon completion, termination, or cancellation of this Contract. Title to all property furnished by the Purchasing Entity shall remain with the Purchasing Entity, as appropriate. Title to all property furnished by the Contractor, the cost for which the Contractor is entitled to be reimbursed as a direct item of cost under this Master AgreementContract, shall pass to and vest in the Purchasing Entity Purchaser upon delivery of such property by the Contractor and acceptance by the Purchasing Entitypurchaser. Title to other property, the cost of which is reimbursable to the Contractor under this Master AgreementContract, shall pass to and vest in the Purchasing Entity Purchaser upon (i) issuance for use of such property in the performance of this Master AgreementContract, or (ii) commencement of use of such property in the performance of this Master AgreementContract, or (iii) reimbursement of the cost thereof by the Purchasing Entity Purchaser in whole or in part, whichever first occurs. 2. Any property of the Purchasing Entity furnished to the Contractor shall, unless otherwise provided herein or approved by the Purchasing Entity, be used only for the performance of this Master Agreement. 3. The Contractor shall be responsible for damages as a result of any loss or damage to property of the Purchaser which results from the negligence of the Contractor or which results from the failure on the part of the Contractor to maintain, administer and protect that property in a reasonable manner and to the extent practicable in all instances. 4. If any Purchasing Entity property is lost, destroyed, or damaged, the Contractor shall immediately notify the Purchasing Entity and shall take all reasonable steps to protect the property from further damage. 5. The Contractor shall surrender to the Purchasing Entity all property of the Purchasing Entity prior to settlement upon completion, termination, or cancellation of this Master Agreement. 6. All references reference to the Contractor under this clause shall also include Contractor's employees, agents and Subcontractorsor subcontractors.

TREATMENT OF ASSETS. 1Title to all property furnished by any Participating State or Purchasing Entity shall remain with such Participating State or Purchasing Entity, as applicable. Any property of any Participating State and/or Purchaser furnished to Contractor shall, unless otherwise provided herein or approved by such Participating State and/or Purchaser, be used only for the performance of this Cooperative Purchasing Master Agreement. Contractor shall be responsible for damages as a result of any loss or damage to property of any Participating State or Purchasing Entity to the extent it results from the negligence of Contractor or to the extent it results from the failure on the part of Contractor to maintain, administer and protect that property in a reasonable manner and to the extent practicable in all instances. If any such Participating State or Purchasing Entity property is lost, destroyed, or damaged, Contractor immediately shall notify such Participating State or Purchasing Entity and shall take all reasonable steps to protect the property from further damage. Contractor shall surrender to such Participating State or Purchasing Entity all property of such Participating State or Purchasing Entity prior to settlement upon completion, termination, or cancellation of this Cooperative Purchasing Master Agreement. Title to all property furnished by the Purchasing Entity shall remain with the Purchasing Entity, as appropriate. Title to all property furnished by the Contractor, the cost for which the Contractor is entitled to be reimbursed as a direct item of cost under this Master AgreementContract, shall pass to and vest in the Purchasing Entity Purchaser upon delivery of such property by the Contractor and acceptance by the Purchasing Entitypurchaser. Title to other property, the cost of which is reimbursable to the Contractor under this Master AgreementContract, shall pass to and vest in the Purchasing Entity upon (i) issuance for use of such property in the performance of this Master AgreementContract, or (ii) commencement of use of such property in the performance of this Master Agreement, or (iii) reimbursement of the cost thereof by the Purchasing Entity in whole or in part, whichever first occurs. 2. Any property of the Purchasing Entity furnished to the Contractor shall, unless otherwise provided herein or approved by the Purchasing Entity, be used only for the performance of this Master Agreement. 3. The Contractor shall be responsible for damages as a result of any loss or damage to property of the Purchaser which results from the negligence of the Contractor or which results from the failure on the part of the Contractor to maintain, administer and protect that property in a reasonable manner and to the extent practicable in all instances. 4. If any Purchasing Entity property is lost, destroyed, or damaged, the Contractor shall immediately notify the Purchasing Entity and shall take all reasonable steps to protect the property from further damage. 5. The Contractor shall surrender to the Purchasing Entity all property of the Purchasing Entity prior to settlement upon completion, termination, or cancellation of this Master Agreement. 6. All references to the Contractor under this clause shall also include Contractor's employees, agents and Subcontractors.or

TREATMENT OF ASSETS. 1Title to all property furnished by any Participating State and/or Purchasing Entity shall remain with such Participating State and/or Purchasing Entity, as applicable. Any property of any Participating State and/or Purchasing Entity furnished to Contractor shall, unless otherwise provided herein or approved by such Participating State and/or Purchasing Entity, be used only for the performance of this Cooperative Purchasing Master Agreement. Contractor shall be responsible for damages as a result of any loss or damage to property of any Participating State and/or Purchasing Entity to the extent it results from the negligence of Contractor or to the extent it results from the failure on the part of Contractor to maintain, administer and protect that property in a reasonable manner and to the extent practicable in all instances. If any such Participating State and/or Purchasing Entity property is lost, destroyed, or damaged, Contractor immediately shall notify such Participating State and/or Purchasing Entity and shall take all reasonable steps to protect the property from further damage. Contractor shall surrender to such Participating State and/or Purchasing Entity all property of such Participating State and/or Purchasing Entity prior to settlement upon completion, termination, or cancellation of this Cooperative Purchasing Master Agreement. Title to all property furnished by the Purchasing Entity shall remain with the Purchasing Entity, as appropriate. Title to all property furnished by the Contractor, the cost for which the Contractor is entitled to be reimbursed as a direct item of cost under this Master AgreementContract, shall pass to and vest in the Purchasing Entity upon delivery of such property by the Contractor and acceptance by the Purchasing Entity. Title to other property, the cost of which is reimbursable to the Contractor under this Master AgreementContract, shall pass to and vest in the Purchasing Entity upon upon (i) issuance for use of such property in the performance of this Master AgreementContract, or or (ii) commencement of use of such property in the performance of this Master AgreementContract, or or (iii) reimbursement of the cost thereof by the Purchasing Entity in whole or in part, whichever first occurs. 2. Any property of the Purchasing Entity furnished to the Contractor shall, unless otherwise provided herein or approved by the Purchasing Entity, be used only for the performance of this Master Agreement. 3. The Contractor shall be responsible for damages as a result of any loss or damage to property of the Purchaser which results from the negligence of the Contractor or which results from the failure on the part of the Contractor to maintain, administer and protect that property in a reasonable manner and to the extent practicable in all instances. 4. If any Purchasing Entity property is lost, destroyed, or damaged, the Contractor shall immediately notify the Purchasing Entity and shall take all reasonable steps to protect the property from further damage. 5. The Contractor shall surrender to the Purchasing Entity all property of the Purchasing Entity prior to settlement upon completion, termination, or cancellation of this Master Agreement. 6. All references reference to the Contractor under this clause shall also include Contractor's employees, agents and Subcontractorsor subcontractors. Title to software shall not pass to Purchasing Entity but shall be licensed. All reference to Contractor under this clause shall also include Contractor's employees, agents or subcontractors.

TREATMENT OF ASSETS. 1. Title to all property furnished by the Purchasing Entity DES and/or Purchaser shall remain with the Purchasing Entityin DES and/or Purchaser, as appropriate. Title to all property furnished by the Contractor, the cost for which the Contractor is entitled to be reimbursed as a direct item of cost under this Master Agreementcontract, shall pass to and vest in the Purchasing Entity Purchaser upon delivery of such property by the Contractor and acceptance Acceptance by the Purchasing EntityPurchaser. Title to other property, the cost of which is reimbursable to the Contractor under this Master AgreementContract, shall pass to and vest in the Purchasing Entity Purchaser upon (i) issuance for use of such property in the performance of this Master AgreementContract, or (ii) commencement of use of such property in the performance of this Master AgreementContract, or (iii) reimbursement of the cost thereof by the Purchasing Entity Purchaser in whole or in part, whichever first occurs. 2. Any property of the Purchasing Entity DES and/or Purchaser furnished to the Contractor shall, unless otherwise provided herein or approved by the Purchasing EntityDES and/or Purchaser, be used only for the performance of this Master AgreementContract. 3. The Contractor shall be responsible for damages as a result of any loss or damage to property of the DES and/or Purchaser which results from the negligence of the Contractor or which results from the failure on the part of the Contractor to maintain, administer and protect that property in a reasonable manner and to the extent practicable in all instances. 4. If any Purchasing Entity DES and/or Purchaser property is lost, destroyed, or damaged, the Contractor shall immediately notify the Purchasing Entity DES and/or Purchaser and shall take all reasonable steps to protect the property from further damage. 5. The Contractor shall surrender to the Purchasing Entity DES and/or Purchaser all property of the Purchasing Entity DES and/or Purchaser prior to settlement upon completion, termination, or cancellation of this Master Agreementcontract. 6. All references reference to the Contractor under this clause shall also include Contractor's employees, agents and or Subcontractors.

TREATMENT OF ASSETS. 1Title to all property furnished by any Participating State or Purchasing Entity shall remain with such Participating State or Purchasing Entity, as applicable. Any property of any Participating State and/or Purchaser furnished to Contractor shall, unless otherwise provided herein or approved by such Participating State and/or Purchaser, be used only for the performance of this Cooperative Purchasing Master Agreement. Contractor shall be responsible for damages as a result of any loss or damage to property of any Participating State or Purchasing Entity to the extent it results from the negligence of Contractor or to the extent it results from the failure on the part of Contractor to maintain, administer and protect that property in a reasonable manner and to the extent practicable in all instances. If any such Participating State or Purchasing Entity property is lost, destroyed, or damaged, Contractor immediately shall notify such Participating State or Purchasing Entity and shall take all reasonable steps to protect the property from further damage. Contractor shall surrender to such Participating State or Purchasing Entity all property of such Participating State or Purchasing Entity prior to settlement upon completion, termination, or cancellation of this Cooperative Purchasing Master Agreement. Title to all property furnished by the Purchasing Entity shall remain with the Purchasing Entity, as appropriate. Title to all property furnished by the Contractor, the cost for which the Contractor is entitled to be reimbursed as a direct item of cost under this Master AgreementContract, shall pass to and vest in the Purchasing Entity Purchaser upon delivery of such property by the Contractor and acceptance by the Purchasing Entitypurchaser. Title to other property, the cost of which is reimbursable to the Contractor under this Master AgreementContract, shall pass to and vest in the Purchasing Entity upon (i) issuance for use of such property in the performance of this Master AgreementContract, or (ii) commencement of use of such property in the performance of this Master AgreementContract, or (iii) reimbursement of the cost thereof by the Purchasing Entity in whole or in part, whichever first occurs. 2. Any property of the Purchasing Entity furnished to the Contractor shall, unless otherwise provided herein or approved by the Purchasing Entity, be used only for the performance of this Master Agreement. 3. The Contractor shall be responsible for damages as a result of any loss or damage to property of the Purchaser which results from the negligence of the Contractor or which results from the failure on the part of the Contractor to maintain, administer and protect that property in a reasonable manner and to the extent practicable in all instances. 4. If any Purchasing Entity property is lost, destroyed, or damaged, the Contractor shall immediately notify the Purchasing Entity and shall take all reasonable steps to protect the property from further damage. 5. The Contractor shall surrender to the Purchasing Entity all property of the Purchasing Entity prior to settlement upon completion, termination, or cancellation of this Master Agreement. 6. All references to the Contractor under this clause shall also include Contractor's employees, agents and Subcontractors.or

TREATMENT OF ASSETS. 1Title to all property furnished by any Participating State or Purchasing Entity shall remain with such Participating State or Purchasing Entity, as applicable. Any property of any Participating State and/or Purchasing Entity furnished to Contractor shall, unless otherwise provided herein or approved by such Participating State and/or Purchasing Entity, be used only for the performance of this Cooperative Purchasing Master Agreement. Contractor shall be responsible for damages as a result of any loss or damage to property of any Participating State or Purchasing Entity to the extent it results from the negligence of Contractor or to the extent it results from the failure on the part of Contractor to maintain, administer and protect that property in a reasonable manner and to the extent practicable in all instances. If any such Participating State or Purchasing Entity property is lost, destroyed, or damaged, Contractor immediately shall notify such Participating State or Purchasing Entity and shall take all reasonable steps to protect the property from further damage. Contractor shall surrender to such Participating State or Purchasing Entity all property of such Participating State or Purchasing Entity prior to settlement upon completion, termination, or cancellation of this Cooperative Purchasing Master Agreement. Title to all property furnished by the Purchasing Entity shall remain with the Purchasing Entity, as appropriate. Title to all property furnished by the Contractor, the cost for which the Contractor is entitled to be reimbursed as a direct item of cost under this Master AgreementContract, shall pass to and vest in the Purchasing Entity upon delivery of such property by the Contractor and acceptance by the Purchasing Entity. Title to other property, the cost of which is reimbursable to the Contractor under this Master AgreementContract, shall pass to and vest in the Purchasing Entity upon (i) issuance for use of such property in the performance of this Master AgreementContract, or (ii) commencement of use of such property in the performance of this Master AgreementContract, or (iii) reimbursement of the cost thereof by the Purchasing Entity in whole or in part, whichever first occurs. 2. Any property of the Purchasing Entity furnished to the Contractor shall, unless otherwise provided herein or approved by the Purchasing Entity, be used only for the performance of this Master Agreement. 3. The Contractor shall be responsible for damages as a result of any loss or damage to property of the Purchaser which results from the negligence of the Contractor or which results from the failure on the part of the Contractor to maintain, administer and protect that property in a reasonable manner and to the extent practicable in all instances. 4. If any Purchasing Entity property is lost, destroyed, or damaged, the Contractor shall immediately notify the Purchasing Entity and shall take all reasonable steps to protect the property from further damage. 5. The Contractor shall surrender to the Purchasing Entity all property of the Purchasing Entity prior to settlement upon completion, termination, or cancellation of this Master Agreement. 6. All references reference to the Contractor under this clause shall also include Contractor's employees, agents and Subcontractorsor subcontractors. Title to software shall not pass to Purchasing but shall be licensed. All reference to Contractor under this clause shall also include Contractor's employees, agents or subcontractors.