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

  • 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 PT Tech a security interest in the Buyer Tooling and Buyer Property to secure all amounts owed by Buyer to PT Tech.

  • Buyer accepts all risk of loss and damage to the Buyer Tooling and Buyer Property, except for loss or damage caused exclusively by ▇▇▇▇▇▇▇’▇ 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 ▇▇▇▇▇▇▇ a security interest in the Buyer Tooling and Buyer Property to secure all amounts owed by Buyer to ▇▇▇▇▇▇▇.

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

  • 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 Timken Belts’ 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.

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.

  • 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.