Buyer Furnished Property means components, devices, dies, equipment, goods, items, jigs, materials, parts, patterns, tooling, tools or other property, which is supplied to Seller by Buyer, including US Government property under Buyer’s control, identified as a reimbursable item in the Purchase Order, or specifically acquired by Seller for performance of this Purchase Order with the cost being fully amortized or otherwise recovered in the price of the Products to be delivered hereunder.
Buyer Furnished Property means all tools, patterns, equipment, materials or other property which is either supplied by, or purchased by or on behalf of, Buyer or its Representatives to Supplier to perform the Services or furnish the Equipment. Title to Buyer Furnished Property shall remain with Buyer and risk of loss shall be with the Party who has possession. For Buyer Furnished Property in Supplier’s possession, custody or control, Supplier shall insure against loss and damage in an amount equal to full replacement cost. Buyer Furnished Property shall carry no guarantee or warranty, express or implied. Supplier shall not use Buyer Furnished Property on any work other than the Equipment/Services. Supplier shall clearly mxxx Buyer Furnished Property to show Buyer's ownership and prevent a lien, encumbrance or challenge to Buyer's title thereto. Supplier shall, at its own expense, maintain and repair Buyer Furnished Property returning it to Buyer in the condition in which received, reasonable wear and tear excepted. Upon expiration or termination of the Purchase Order, Supplier shall dispose of Buyer Furnished Property as Buyer directs in writing. Buyer reserves the right to abandon Buyer Furnished Property at no additional cost to Buyer. The applicable Purchase Order pursuant to which Buyer Furnished Property was furnished to Seller shall remain in effect so long as Supplier possesses Buyer Furnished Property.
Buyer Furnished Property or “BFP” means all property furnished by Buyer to Supplier;
Examples of Buyer Furnished Property in a sentence
Buyer reserves the right to abandon Buyer Furnished Property at no additional cost to Buyer upon issuance of written notification to Seller of such intent.
Upon delivery to Seller, the risk of loss or damage to Buyer Furnished Property shall be upon Seller.
Seller, shall, if requested by Buyer, submit to Buyer an itemized inventory showing the description and location of each item of Buyer Furnished Property.
Seller shall segregate and clearly mark Buyer Furnished Property to show Buyer's ownership and shall preserve Buyer's title thereto free and clear of all encumbrances.
Should Seller fail to perform the duties imposed upon it by this section or should Buyer at any time have reason to believe that its title to, or right to the possession of, any Buyer Furnished Property is threatened, Buyer shall have the right to enter upon Seller's premises and remove such property.
More Definitions of Buyer Furnished Property
Buyer Furnished Property means communications equipment, computer equipment designs, dies, drawings, equipment, ID cards and passes, keys, molds, patterns, tools, tooling, and other materials supplied or paid for by Buyer for Contractor’s use in completing the Work.
Buyer Furnished Property has the meaning set forth in Article 9.
Buyer Furnished Property has the meaning set forth in Article 9. “Change Order” has the meaning set forth in Section 12.1. “Change Order Information” has the meaning set forth in Section 12.2. “Claims” has the meaning set forth in Section 15.1. “Confidential Information” has the meaning set forth in Section 17.1. “Control” means, with respect to the relationship between two or more Persons, the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, as trustee or executor, by contract or otherwise. The terms “Controlled” or “under common Control with” have correlative meanings. “Defect” means any material defect in design, manufacturing, materials or workmanship in or to the Equipment, or any failure of the Equipment to materially comply with the Technical Specifications, excluding in all cases any of the foregoing attributable to or caused by ordinary wear and tear of the Warranted Equipment. “Deliver”, “Delivered” or “Delivery” means that Supplier has caused the delivery of the applicable Equipment to the Delivery Point in accordance with the terms of this Agreement. “Delivery Point” means the delivery location set forth in a Pricing Notice, provided that, if no such location is specified in the applicable Pricing Notice, the Delivery Point for the Equipment shall be the location of Supplier’s facility. “Derivative Software” has the meaning set forth in Article 20. “EAR” has the meaning set forth in Section 21.1.
Buyer Furnished Property means all tools, patterns, equipment, materials or other property which is either supplied by, or purchased by or on behalf of, Buyer or its Representatives to Supplier to perform the Services or furnish the Equipment. Title to Buyer Furnished Property shall remain with Buyer and risk of loss shall be with the
Buyer Furnished Property has the meaning set forth in Article 9. “Change Order” has the meaning set forth in Section 12.1. “Change Order Information” has the meaning set forth in Section 12.2. “Claims” has the meaning set forth in Section 15.1. “Confidential Information” has the meaning set forth in Section 17.1. “Control” means, with respect to the relationship between two or more Persons, the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of voting securities, as trustee or executor, by contract or otherwise. The terms “Controlled” or “under common Control with” have correlative meanings. “Defect” means any material defect in design, manufacturing, materials or workmanship in or to the Equipment, or any failure of the Equipment to materially comply with the Technical Specifications, excluding in all cases any of the foregoing attributable to or caused by ordinary wear and tear of the Warranted Equipment. “Deliver”, “Delivered” or “Delivery” means that Supplier has caused the delivery of the applicable Equipment to the Delivery Point in accordance with the terms of this Agreement.
Buyer Furnished Property has the meaning set forth in Article 11 (Buyer- Furnished Property) of the Master Agreement. 8. “Change” has the meaning set forth in Article 23 (Changes) based upon the usage. A Change or Changes may be made to the Master Agreement and documented in the form of an Amendment. A Change or Changes may be made to a Task Order and documented in the form of a Modification. 9. “Charges” means any amount invoiceable by Supplier to Buyer under a Task Order. 10. “Covered Employee” has the meaning set forth in Article 20 (Non- Solicitation) of the Master Agreement.
Buyer Furnished Property has the meaning set forth in Article 11 (Buyer- Furnished Property) of the Master Agreement. 8. “Change” has the meaning set forth in Article 23 (Changes) based upon the usage. A Change or Changes may be made to the Master Agreement and documented in the form of an Amendment. A Change or Changes may be made to a Task Order and documented in the form of a Modification. 9. “Charges” means any amount invoiceable by Supplier to Buyer under a Task Order. 10. “Covered Employee” has the meaning set forth in Article 20 (Non-Solicitation) of the Master Agreement. 11. “Deliverable” means a tangible work product, including in electronic form, provided by Supplier to Buyer specified in a Task Order. All Deliverables are explicitly identified in the applicable Task Order. 12. “Design Authority” means the exercise by Buyer of its role as approver and final authority over the design of the space tourism vehicle with ultimate responsibility