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.