TITLE AND RISK OF LOSS definition

TITLE AND RISK OF LOSS. SHIPMENT:SECURITY INTEREST. Title to and all risk of loss or damage to the products vests in Purchaser at the xxxx Xxxxxx delivers the products to the carrier regardless of any shipping and insurance arrangements made by Seller on Purchaser’s behalf. However, Seller reserves and by execution of these Terms and Conditions, Purchaser grants, until full payment is received a purchase money security interest in each of the products delivered. Purchaser hereby authorizes Seller to file such financing statements and deliver such notices as Seller may reasonably require to perfect such purchase money security interest. Seller shall have all rights and may exercise all remedies of a secured creditor under Article 9 of the Uniform Commercial Code as adopted from time to time in the Commonwealth of
Sample 1
TITLE AND RISK OF LOSS. Shipping terms are F.0.B.DDB Unlimited, Inc. Receipt of Goods or deliverables delivered pursuant to Services ("Deliverables") by DDB Unlimited, Inc. shall be subject to its right of Inspection and rejection. DOB shall be allowed a reasonable period of time (minimum of 7 day hold) to Inspect the Goods and Deliverables and to notify Seller of any non-conformance with the terms and conditions of this PO.DOB may reject any Goods or Deliverables which do not conform to the terms and conditions of this PO.DOB may return rejected Goods or Deliverables to Seller or hold such goods for pick-up by Seller, all at Seller's expense.
Sample 1
TITLE AND RISK OF LOSS. SELLER shall deliver possession of the Oil & Gas Interests to PURCHASER at the Closing. Upon Closing, title to and risk of loss with respect to the Oil & Gas Interests (and all associated property) shall pass to PURCHASER as of the Effective Time.
Sample 1

Examples of TITLE AND RISK OF LOSS in a sentence

  • PAYMENT, ACCEPTANCE, TITLE AND RISK OF LOSS A non-refundable deposit and completed purchase agreement and applicable addendum must be submitted to RHC for each aircraft ordered.

  • TITLE AND RISK OF LOSS - Title and risk of loss and damage to material purchased by Avaya hereunder shall vest in Avaya when the material has been delivered at the FOB point.

  • OWNERSHIP, TITLE AND RISK OF LOSS SHALL PASS FROM SELLER TO BUYER AT THE TERMINAL POINT OF DELIVERY METER WHERE PRODUCT IS DELIVERED OVER THE RACK.

  • TITLE AND RISK OF LOSS Title to Goods sold and risk of loss of such Goods shall pass to Buyer at the ExWorks shipping point.

  • IN THE CASE OF A BOOK, IN-LINE, IN-TANK, INVENTORY, OR STOCK TRANSFER, OWNERSHIP, TITLE AND RISK OF LOSS SHALL PASS FROM SELLER TO BUYER AT 0001 HRS ON THE EFFECTIVE DATE OF THE RESPECTIVE TRANSFER, OR SUCH OTHER TIME AS AGREED TO BY THE PARTIES.

  • TITLE AND RISK OF LOSS Provided that Client has paid the applicable Invoice in full, including all related expenses and costs and any unpaid interest, title to and risk of loss of the Products and the Project shall transfer to Client upon Uhuru’s delivery of the Products and the Project to the common carrier for shipment.

  • EACH PARTY (THE “INDEMNIFYING PARTY”) WILL DEFEND, INDEMNIFY AND HOLD THE OTHER PARTY HARMLESS FROM ANY AND ALL CLAIMS (INCLUDING CLAIMS FOR PERSONAL INJURY, DEATH, OR PROPERTY DAMAGE), LOSSES, EXPENSES (INCLUDING REASONABLE ATTORNEYS’ FEES), DAMAGES, SUITS, CAUSES OF ACTION AND JUDGMENTS OF ANY KIND ARISING HEREUNDER WHILE TITLE AND RISK OF LOSS ARE VESTED IN THE INDEMNIFYING PARTY.

  • DELIVERY, TITLE AND RISK OF LOSS Time shall be considered of the essence in delivery of the PRODUCTS ordered hereunder.

  • IN THE CASE OF A BOOK, IN-LINE, IN- TANK, INVENTORY, OR STOCK TRANSFER, OWNERSHIP, TITLE AND RISK OF LOSS SHALL PASS FROM SELLER TO BUYER AT 0001 HRS ON THE EFFECTIVE DATE OF THE RESPECTIVE TRANSFER, OR SUCH OTHER TIME AS AGREED TO BY THE PARTIES.

  • DELIVERY, TITLE AND RISK OF LOSS TO EQUIPMENT AND MATERIALS 19 27.

Related to TITLE AND RISK OF LOSS

  • Risk of Loss The risk for loss shall remain with the Contractor until any Goods that may be required to be delivered pursuant to this Contract or the Bid Documents are delivered to the Authority in accordance with the terms hereof. Contractor shall carry on the work of furnishing and delivering the Goods at Contractor’s own risk and expense until the same is fully completed and accepted by the Authority and shall be solely liable and responsible for the safety and security thereof.

  • Economic Risk of Loss has the meaning set forth in Treasury Regulation Section 1.752-2(a).

  • Fuel burning equipment means any furnace, boiler, apparatus, stack and all associated equipment, used in the process of burning fuel.

  • Title Defect Property has the meaning set forth in Section 6.2(a).

  • Risk Weighted Assets means the risk weighted assets or total risk exposure amount, as calculated by the Company in accordance with the Capital Regulations applicable to the Regulatory Group as at that point in time.

  • Environmental Attribute means an aspect, claim, characteristic or benefit associated with the generation of a quantity of electricity by a Renewable Energy Facility, other than the electric energy produced, and that is capable of being measured, verified or calculated. An Environmental Attribute may include one or more of the following identified with a particular megawatt hour of generation by a Renewable Energy Facility designated prior to Delivery: the Renewable Energy Facility’s use of a particular Renewable Energy Source, avoided NOX, SO X, CO2 or greenhouse gas emissions, avoided water use (but not water rights or other rights or credits obtained pursuant to requirements of Applicable Law in order to site and develop the Renewable Energy Facility itself) or as otherwise defined under an Applicable Program, or as agreed by the Parties. Environmental Attributes do not include production tax credits or other direct third-party subsidies for generation of electricity by any specified Renewable Energy Facility.

  • Environmental Attributes means any emissions and renewable energy credits, energy conservation credits, benefits, offsets and allowances, emission reduction credits or words of similar import or regulatory effect (including emissions reduction credits or allowances under all applicable emission trading, compliance or budget programs, or any other federal, state or regional emission, renewable energy or energy conservation trading or budget program) that have been held, allocated to or acquired for the development, construction, ownership, lease, operation, use or maintenance of the Company as of: (i) the date of this Agreement; and (ii) future years for which allocations have been established and are in effect as of the date of this Agreement.

  • Transportation equipment means 1 or more of the following:

  • Mono-fuel gas vehicle means a mono fuel vehicle that primarily runs on LPG, NG/biomethane, or hydrogen but may also have a petrol system for emergency purposes or starting only, where the petrol tank does not contain more than 15 litres of petrol;

  • Title V means Title V of the federal Act for the Senior Community Service Employment Program for Older Americans.

  • Subject Property means any premises located in the County on which an energy efficiency improvements, water efficiency improvements, or renewable resource applications are being or have been made and financed through an outstanding PACE loan.

  • Port Cargo Handling Equipment means rubber-tired gantry cranes, straddle carriers, shuttle carriers, and terminal tractors, including yard hostlers and yard tractors that operate within ports.

  • Movement means that hazardous waste transported to a facility in an individual vehicle.

  • Mono-fuel vehicle means a vehicle that is designed to run primarily on one type of fuel.

  • Operating Equipment means furniture, furnishings, special lighting fixtures, carpeting, draperies, decorations or other special finishing work, signs, appliances and trade fixtures and equipment that is furnished, installed or used by the Contractor in its operations on the Airport. It does not include Fixed Improvements, or repair or maintenance of Operating Equipment or Fixed Improvements or displays or decorations that are of a seasonal or temporary promotional nature.

  • Condensate means hydrocarbon liquid separated from natural gas which condenses due to changes in the temperature or pressure and remains liquid at standard conditions.

  • Title Transfer means the transfer of title to Gas between two (2) Shippers at a Delivery Point, provided that each such party has executed a Transportation Service Agreement, or the transfer of title to Gas between two (2) Shippers at ATP, provided each such party has executed either a Transportation Service Agreement or a Title Transfer Agreement.

  • Bi-fuel vehicle means a vehicle with two separate fuel storage systems that is designed to run primarily on only one fuel at a time; however, the simultaneous use of both fuels is permitted in limited amount and duration.

  • Transfer Point means any point at which the passenger transfers between aircraft.

  • Transport vehicle means a motor vehicle or rail car used for the transportation of cargo by any mode. Each cargo-carrying body (trailer, railroad freight car, etc.) is a separate transport vehicle.

  • Subject Interests means Assignor’s undivided interests in the Subject Lands, as determined prior to giving effect to this Conveyance (or as may be made part of the Subject Interests pursuant to Section 3.1 or 3.2 of the Development Agreement), whether as lessee under leases, as an owner of the Subject Minerals (or the right to extract such Minerals) or otherwise, by virtue of which undivided interests Assignor has the right to conduct exploration, drilling, development and Mineral production operations on the Subject Lands, or to cause such operations to be conducted, or to participate in such operations by paying and bearing all or any part of the costs, risks and liabilities of such operations, to drill, test, complete, equip, operate and produce xxxxx to exploit the Minerals. The “Subject Interests” (a) may be owned by Assignor pursuant to leases, deeds, operating, pooling or unitization agreements, orders or any other instruments, agreements or documents, recorded or unrecorded, (b) include any and all extensions or renewals of leases covering the Subject Lands (or any portion thereof) obtained by Assignor, or any Affiliate thereof, within six (6) months after the expiration or termination of any such lease, and (c) are subject to the Permitted Encumbrances. For the avoidance of doubt, the “Subject Interests” do not include: (i) Assignor’s interests in the Excluded Assets; (ii) Assignor’s rights to substances other than Minerals; (iii) Assignor’s rights to Minerals (other than Assignee Minerals) under contracts for the purchase, sale, transportation, storage, processing or other handling or disposition of Minerals; (iv) Assignor’s interests in, or rights to Minerals (other than Assignee Minerals) held in pipelines, gathering systems, storage facilities, processing facilities or other equipment or facilities, other than Development Xxxxx; or (v) any additional or enlarged interests in the Development Xxxxx, Subject Lands or Subject Minerals acquired by Assignor after the Closing Time, except (1) to the extent any such additional or enlarged interest becomes a part of the Subject Interests by amendment to this Conveyance pursuant to Section 3.1 or 3.2 of the Development Agreement, (2) as may result from the operation of the terms of the instruments creating the Subject Interests, or (3) as may be reflected in extensions and renewals covered by the preceding sentence.

  • RECs means all of the Certificates and any and all other Environmental Attributes associated with the Products or otherwise produced by the Facility which satisfy the RPS for a RPS Class I Renewable Generation Unit, and shall represent title to and claim over all Environmental Attributes associated with the specified MWh of generation from such RPS Class I Renewable Generation Unit.

  • Terminal Equipment means all telephone instruments, including pay telephone equipment, the common equipment of large and small key and PBX systems and other devices and apparatus, and associated wirings, which are intended to be connected electrically, acoustically or inductively to the telecommunication system of the telephone utility.

  • Other Minerals means sulphur, lignite, coal, uranium, thorium, iron, geothermal steam, water, carbon dioxide, helium and all other minerals, ores or substances of value whether or not generally produced from a wellbore in conjunction with the production of oil and gas.

  • Transboundary movement means any movement of hazardous wastes or other wastes from an area under the national jurisdiction of one State to or through an area under the national jurisdiction of another State or to or through an area not under the national jurisdiction of any State, provided at least two States are involved in the movement;

  • Gasification means the substoichiometric oxidation or steam reformation of a substance to produce a gaseous mixture containing two or more of the following: (i) oxides of carbon; (ii) methane; and (iii) hydrogen;