Tooling and Buyer definition

Tooling and Buyer s Property” means any tooling and other tangible property, including without limitation equipment, patterns, plates, artwork, gauges, models, components, parts, sub-assemblies, raw materials, or other consumable or non-consumable materials, furnished by Buyer to Supplier for performance of a PO or that Supplier may create or purchase at Buyer’s expense in performance of the PO, including all Intellectual Property Rights pertaining thereto.
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Examples of Tooling and Buyer in a sentence

  • Buyer accepts all risk of loss and damage to the Buyer Tooling and Buyer Property, except for loss or damage caused exclusively by Timken’s negligence, and Buyer waives all rights of subrogation for itself and its insurers with respect to any such loss and damage.

  • Buyer hereby grants to Timken a security interest in the Buyer Tooling and Buyer Property to secure all amounts owed by Buyer to Timken.

  • Seller is the sole and exclusive owner of all Tooling and Buyer will not acquire any rights, title, or interest in or to any Tooling used to produce the Products, unless the Purchase Agreement includes a separately priced line item for tooling or equipment to be purchased by Seller and owned by Buyer (even if held and used by Seller).

  • If a period of three (3) years elapses since the last order of Products from Buyer requiring the use of Buyer's Tooling, and Buyer has not requested LORD to return Buyer's Tooling, LORD may dispose of Buyer's Toolingwithout further obligation or liability to Buyer and may charge Buyer for any costs associated with such disposal.

  • Buyer accepts all risk of loss and damage to the Buyer Tooling and Buyer Property, except for loss or damage caused exclusively by Seller’s negligence, and Buyer waives all rights of subrogation for itself and its insurers with respect to any such loss and damage.

  • Buyer accepts all risk of loss and damage to the Buyer Tooling and Buyer Property, except for loss or damage caused exclusively by PT Tech’s negligence, and Buyer waives all rights of subrogation for itself and its insurers with respect to any such loss and damage.

  • Buyer accepts all risk of loss and damage to the Buyer Tooling and Buyer Property, except for loss or damage caused exclusively by Xxxxxxx’x negligence, and Buyer waives all rights of subrogation for itself and its insurers with respect to any such loss and damage.

  • Buyer hereby grants to Timken Belts a security interest in the Buyer Tooling and Buyer Property to secure all amounts owed by Buyer to Timken Belts.

  • Buyer hereby grants to Seller a security interest in the Buyer Tooling and Buyer Property to secure all amounts owed by Xxxxx to Seller.

  • Buyer hereby grants to Xxxxxxx a security interest in the Buyer Tooling and Buyer Property to secure all amounts owed by Buyer to Xxxxxxx.

Related to Tooling and Buyer

  • Secondary Seller means the Seller whose Bid City selected as a back-up supplier in the event the Primary Seller is unable to provide all the Goods and/or Services required.

  • Sellers has the meaning set forth in the preamble.

  • Seller Use means fuel used for gas compression, LPG plants and LNG plants, other gas needed by Seller's facilities to furnish the requirements of Buyers, together with unaccounted for gas. This gas shall be considered Included In Priority of Service Category 1. Other vital uses of Seller, such as flame stabilization requirements, will be met as long as such uses do not jeopardize service to its firm service Buyers.

  • Purchaser/ User means ultimate recipient of goods and services

  • Primary Seller means the Seller whose Bid City selected as the principal supplier of the Goods and/or Services required under this Agreement.

  • Model 1 seller means a seller registered under the agreement that has selected a certified service provider as the seller's agent to perform all of the seller's sales and use tax functions for agreement sales and use taxes other than the seller's obligation under Section 59-12-124 to remit a tax on the seller's own purchases.

  • Third Party Buyer means any Person other than (i) the Company or any of its Subsidiaries, (ii) any employee benefit plan of the Company or any of its Subsidiaries, (iii) the Investors or (iv) any Affiliates of any of the foregoing.

  • Selling Parties shall have the meaning specified in the preamble.

  • Buyer has the meaning set forth in the preamble.

  • Buyer’s Representatives means Buyer, any direct or indirect owner of any beneficial interest in Buyer, and any officers, directors, employees, agents, representatives and attorneys of Buyer or any such direct or indirect owner of any beneficial interest in Buyer.

  • Seller has the meaning set forth in the Preamble.

  • Purchaser Designee means each individual then serving on the Board of Directors pursuant to the exercise of the Purchaser’s rights pursuant to Section 4.07(a) and/or Section 4.07(e), together with any designee(s) of the Purchaser who is then standing for election to the Board of Directors pursuant to Sections 4.07(a) and (b) or who is being proposed for election by the Purchaser pursuant to Section 4.07(e).

  • The Vendor means the person, firm, company or organization on whom the Purchase Order is placed and shall be deemed to include the vendor’s successors, representative heirs, executors and administrator as the case may be. It may also be referred to as Seller, Contractor or Supplier.

  • Project Buyer means the City’s employee assigned to serve as the contact person for Bidders/Sellers responding to Invitations For Bid or completing contracts herein.

  • Seller’s Representatives means Seller’s accountants, employees, counsel, environmental consultants, financial advisors, and other representatives.

  • Peer support specialist means an individual who has experienced a severe and persistent mental illness and who has successfully completed standardized training to provide peer support services through the medical assistance program or the Iowa Behavioral Health Care Plan.

  • Sellers’ Representative has the meaning set forth in the Preamble.

  • the Buyer means the person who accepts a quotation or offer of the Seller for the sale of the Goods or whose order for the Goods is accepted by the Seller;

  • Purchaser means the organization purchasing the goods.

  • Buyers has the meaning set forth in the preamble.

  • Procuring Entity/Purchaser means a Entity having administrative and financial powers to undertake Procurement of Goods, Works or Services using public funds, as specified in the PCC;

  • Biodiesel blend means a fuel comprised of a blend of biodiesel fuel with petroleum-based diesel fuel, suitable for use as a fuel in a compression-ignition internal combustion diesel engine.

  • Selling Firm has the meaning given to it in Section 2(1);

  • Purchaser’s Representatives shall have the meaning ascribed to it in Section 6(a) herein.

  • Seller Parties has the meaning set forth in the preamble to this Agreement.

  • Seller's Closing Certificate means the certificate of Seller in the form of Exhibit C attached hereto.