Purchaser Property definition
Examples of Purchaser Property in a sentence
Purchaser shall have access to such Purchaser Property twenty-four hours a day, seven days a week.
Supplier shall: (i) store such Purchaser Property in a clean, dry, and secure location, unless otherwise agreed in writing by Purchaser; (ii) segregate such Purchaser Property from items belonging to entities other than Purchaser, if the Purchaser Property is of a nature which may be segregated; and (iii) mark, or otherwise indicate in a manner to make it evident to Supplier's creditors, that such Purchaser Property belongs to Purchaser.
If Supplier or any of its subcontractors store any of Purchaser Property and/or under this Agreement, Supplier shall keep and provide those records that may be requested by Purchaser including, but not limited to, an inventory of such Purchaser Property, by location, at the end of each calendar year, or more frequently if requested by Purchaser.
Unless otherwise specified in this Agreement, title to any Goods and Services provided under this Agreement will pass to Purchaser upon payment therefor by Purchaser or upon delivery to Purchaser's premises or other site designated by Purchaser, whichever occurs earlier, and shall become Purchaser Property, as defined in Section 2(e).
If Purchaser provides Supplier with Purchaser Property, Supplier agrees to safeguard Purchaser Property and return it to Purchaser at the conclusion or termination of the Goods and Services under this Agreement in the same condition that Supplier received it, except for normal wear and tear.