Passing of Risk definition

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
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

Examples of Passing of Risk in a sentence

  • Passing of Risk: Delivery is deemed to take place when the Goods are delivered to Your nominated address, whereupon risks of loss, breakage and all damage and all other risks pass to You.

  • 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.

  • Delivery, Passing of Risk, Passing of Title, Acceptance of Goods, Documentation (1) The transport of goods shall be carried out at the expense and risk of the Supplier “free agreed place of delivery”.

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

  • Passing of Risk of loss of or Damage to the Works The Risk of loss of or Damage to the Works shall pass from the Enlisted firm to the Employer on the Risk Transfer Date applicable thereto.

  • Passing of Risk (Section 26)The general rule is that goods remain at the seller's risk until the ownership is transferred to thebuyer.

  • Delivery, Passing of Risk, Acceptance and Default in Acceptance (1) We deliver all Goods from our warehouse located in Tamworth, which is also the place of fulfilment of Orders and any related performance.

  • However, the buyer bears the burden of proof if he has paid the price in return for the handing over of documents and now wishes to avoid the contract on account of defects in the goods54.3. The Passing of Risk When the Goods Sold in Transit (Art.

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

  • Passing of Risk (Section 26)The general rule is that goods remain at the seller's risk until the ownership is transferred to the buyer.

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.

  • 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. Minimum Generation Emergency:

  • CE marking of conformity or ‘CE marking’ means a marking by which the manufacturer indicates that the device is in conformity with the applicable requirements set out in this Regulation and other applicable Union harmonisation legislation providing for its affixing;

  • 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 assigned thereto in the Ninth Amendment.

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

  • PAL effective date generally means the date of issuance of the PAL permit. However, the PAL effective date for an increased PAL is the date any emissions unit that is part of the PAL major modification becomes operational and begins to emit the PAL pollutant.

  • 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;

  • systemic risk means a risk of disruption in the financial system with the potential to have serious negative consequences for the financial system and the real economy;

  • 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.

  • 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 has the meaning set forth in the Seventh Amendment.

  • 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.

  • The System means an electronic control system or complex electronic control system that provides or forms part of the control transmission of a function to which this Regulation applies. This also includes any other system covered in the scope of this Regulation, as well as transmission links to or from other systems that are outside the scope of this Regulation, that acts on a function to which this Regulation applies."

  • 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.

  • Maximum extent practicable means the highest level of performance that is achievable but is not equivalent to a performance standard identified in this ordinance as determined in accordance with S. 055 of this ordinance.

  • Conditions of Service means the document developed by a distributor in accordance with subsection 2.4 of the Code that describes the operating practices and connection rules for the distributor; (DSC)

  • PAL effective period means the period beginning with the PAL effective date and ending 10 years later.

  • Conditional release means a revocable modification of a