Passing of Risk definition

Passing of Risk means the point in time when XXXX takes over the risk of acci- dental loss of or damage to the Deliverables.
Sample 1
Passing of Risk means the point in time when XXXX takes over the risk of accidental loss of or damage to the Deliverables.
Sample 1

Examples of Passing of Risk in a sentence

  • Passing of Risk means the point at which the buyer will be responsible for the goods.

  • The Passing of Risk and the transfer of title shall be in reference with 2010 CIP and in accordance with Appendix I the “Import Agreement”.

  • If Customer is an entrepreneur, the validity of any claims based on defects in the Hardware shall become statute-barred one (1) year after the Passing of Risk.

  • Satım Akdinde Hasarın İntikali [The Passing of Risk in Sales Contract], Ankara 1966, p.

  • TEMARIO- Sales of Goods: Obligations of the Seller- Sales of Goods: Obligations of the Buyer and Passing of Risk- Sales of Goods: Provisions common to Seller and Buyer.

  • Exceptions to the Rule of Passing of Risk in Sales ContractRegulations concerning the passing of risk provided in the article 183 of the Turkish Code of Obligations numbered 818 are not prescriptive.

  • Limitation of Warranty / Warranties TeamViewer warrants that the Hardware is free of any material defects and defects of title upon the Passing of Risk.

  • Procyon warrants that the Hardware is free of any material defects and defects of title upon the Passing of Risk.

  • Passing of Risk Risk shall pass to the Purchaser when the consignment has left the supplying works.

  • The Passing of Risk and the transfer of title shall be in reference with 2010 CIP and in accordance with Appendix I “the Import Agreement”.

Related to Passing of Risk

  • Date of Commencement of Risk means the date specified in the Schedule (unless the Policyholder is informed otherwise by the Company) from which the risk cover of the Life Assured commences under the Policy.

  • The FA means The Football Association Limited.

  • the FCA means the Financial Conduct Authority;

  • Minimum Extended Summer Resource Requirement means, for Delivery Years through May 31, 2017, the minimum amount of capacity that PJM will seek to procure from Extended Summer Demand Resources and Annual Resources for the PJM Region and for each Locational Deliverability Area for which the Office of the Interconnection is required under Tariff, Attachment DD, section 5.10(a) to establish a separate VRR Curve for such Delivery Year. For the PJM Region, the Minimum Extended Summer Resource Requirement shall be equal to the RTO Reliability Requirement minus [the Limited Demand Resource Reliability Target for the PJM Region in Unforced Capacity]. For an LDA, the Minimum Extended Summer Resource Requirement shall be equal to the LDA Reliability Requirement minus [the LDA CETL] minus [the Limited Demand Resource Reliability Target for such LDA in Unforced Capacity]. The LDA CETL may be adjusted pro rata for the amount of load served under the FRR Alternative.

  • freezing of funds means preventing any move, transfer, alteration, use of, access to, or dealing with funds in any way that would result in any change in their volume, amount, location, ownership, possession, character, destination or other change that would enable the funds to be used, including portfolio management;

  • The final destination, where applicable, means the place named in the SCC.

  • Other Parties shall have the meaning set forth in Section 10.7(c).

  • Dating relationship means frequent, intimate associations primarily characterized by the expectation of affectional involvement. Dating relationship does not include a casual relationship or an ordinary fraternization between 2 individuals in a business or social context.

  • Actual Damages has the meaning set forth in Section 12.4(C).

  • Ninth Amendment Effective Date has the meaning set forth in Section 4 of the Ninth Amendment.

  • Tenth Amendment Effective Date has the meaning assigned to such term in the Tenth Amendment.

  • Competent and reliable scientific evidence means tests, analyses, research, studies, or other evidence based on the expertise of professionals in the relevant area, that has been conducted and evaluated in an objective manner by persons qualified to do so, using procedures generally accepted in the profession to yield accurate and reliable results.

  • Probation or parole means any kind of supervision or conditional release of juveniles authorized under the laws of the compacting states.

  • angle of repose means the steepest angle of a surface at which a mass of loose or fragmented material will remain stationary in a pile on the surface, rather than sliding or crumbling away;

  • Defects Liability Period means the warranty period following the taking over, during which the Contractor is responsible for making good, defects and damage in Goods and Services provided, under the Contract.

  • Defects Liability Period (Warranty Period) means the period stated in the Schedule A Special Stipulations, following the taking over, during which the Contractor is responsible for making good defects and damage in accordance with Clause 15.

  • Smuggling of migrants means the procurement, in order to obtain, directly or indirectly, a financial or other material benefit, of the illegal entry of a person into a State Party of which the person is not a national or a permanent resident;

  • Third Amendment Effective Date shall have the meaning provided in the Third Amendment.

  • Eleventh Amendment Effective Date has the meaning set forth in Section 4 of the Eleventh Amendment.

  • Seventh Amendment Effective Date shall have the meaning provided in the Seventh Amendment.

  • The Advance Work Order or “Letter of Intent” means the intention of Purchaser to place the Work Order on the bidder.

  • Breach of Agreement provisions of Section 5(a)(ii) will apply to Party A and will not apply to Party B.

  • Termination for Convenience means the termination of the Trade Contract Agreement or the Trade Contractor Work by the Authority without cause and for the convenience of the Authority as decided in its sole discretion.

  • Amendment No. 8 Effective Date has the meaning assigned to such term in Amendment No. 8.

  • Second Amendment Effective Date has the meaning assigned to such term in the Second Amendment.

  • Fifth Amendment Effective Date shall have the meaning provided in the Fifth Amendment.