Bailed Assets Sample Clauses

Bailed Assets. Any machinery, equipment, tools, Inventory, tooling, dies, molds, patterns, jigs, gauges, production fixtures, special material handling equipment, customer dunnage and containers owned by any other third party listed in Schedule 1.1.2.A (“Third Party Bailed Assets”).
Sample 1
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Bailed Assets. Any machinery, equipment, tools, Inventory, tooling, dies, molds, patterns, jigs, gauges, production fixtures, special material handling equipment, customer dunnage and containers owned by any other third party, including such items set forth on Schedule 1.1.2.A (“Third Party Bailed Assets”). To Seller’s Knowledge, the items set forth on Schedule 1.1.2.A were the only items provided by General Motors Corporation relating exclusively to the Business.
Sample 1
Bailed Assets. Seller acknowledges and agrees that all raw materials, parts, supplies, materials, drawings, facilities, tools, jigs, dies, fixtures, patterns, containers, dunnage, expendables, and any other assets or equipment of any nature or description furnished to Seller by Buyer to perform this Purchase Agreement / Order shall remain the property of Buyer or the Buyer’s customer. Seller also acknowledges and agrees that the only interest that the Seller has in these assets is as a Bailee, specifically waives any Lien or ownership rights therein. Seller shall bear the risk of loss of and damage to such property, normal wear and tear excepted. Such property shall at all times:  be properly housed and maintained by Seller;  be identified as Xxxxx's or Xxxxx’s customer’s property by Xxxxxx;  be fully insured by Seller at Seller’s cost;  not be commingled with the property of Seller or with that of a third person;  not be moved from Seller's premises without Xxxxx's prior written approval; and E-Revision: 09, August 2021 Approved By: XXXX XXXXXX Refer to electronic file for the latest version. All hardcopy is considered as Uncontrolled Document Section: C.P.M. 13.05 Subject: NARMCO STANDARD TERMS AND CONDITIONSupon request of Xxxxx, be immediately delivered to Buyer by Seller withoutpayment or claim Buyer shall have the right to enter onto Seller's premises at all reasonable times to inspect such property and Xxxxxx's records with respect thereto. If requested by Xxxxx, Xxxxxx agrees to execute a document documenting this Bailment Agreement.
Sample 1

Related to Bailed Assets

  • Leased Assets The term "Leased Assets" shall have the meaning ascribed thereto in Section 3.6.

  • Title to Assets; Real Property (a) The Company has good and valid (and, in the case of owned Real Property, good and marketable fee simple) title to, or a valid leasehold interest in, all Real Property and personal property and other assets reflected in the Financial Statements or acquired after the Balance Sheet Date, other than properties and assets sold or otherwise disposed of in the ordinary course of business consistent with past practice since the Balance Sheet Date. All such properties and assets (including leasehold interests) are free and clear of Encumbrances except for the following (collectively referred to as “Permitted Encumbrances”):

  • Acquired Assets 11 Upon the terms and subject to the conditions set forth in this Agree- ment, at the Closing Seller shall sell, assign, transfer, convey and deliver to Buyer free and clear of all Liens, and Buyer shall purchase, acquire and take assignment and delivery of, all right, title and interest of Seller in and to the Acquired Assets, including the following:

  • Retained Assets Notwithstanding anything to the contrary in Sections 2.1 through 2.9 or elsewhere herein, the Assets do not include the following (the “Retained Assets”):

  • Purchased Assets Subject to the terms and conditions of this Agreement, at the Closing, each Seller shall sell, convey, assign, transfer and deliver to the Buyer, and the Buyer shall purchase, free and clear of all Encumbrances, all right, title and interest of such Seller in and to the following Assets (collectively, the “Purchased Assets”):

  • Included Assets The Assets referred to in Section 1.1(a)(ii) shall include, without limitation, the following assets, properties and rights of Seller used directly or indirectly in the conduct of, or generated by or constituting, the Business, except as otherwise expressly set forth in this Agreement:

  • Real Property; Title to Assets (a) The Company does not own any real property.

  • Personal Property In addition to the real property described in Section II, the Seller shall include the following personal property: _ The real property in Section II and any personal property in Section III shall be collectively known as the “Property”.

  • Excluded Assets Notwithstanding the foregoing, the Purchased Assets shall not include the following assets (collectively, the “Excluded Assets”):

  • Title to Assets and Properties (a) The Company and each of its Subsidiaries has good and valid title to all their respective material assets and properties (including those shown on the Balance Sheet) which are, individually or in the aggregate, material to the Company’s business or financial condition on a consolidated basis (except assets and properties which are no longer used or useful in the conduct of their businesses and those assets and properties sold or otherwise disposed of since the date thereof in the ordinary course of business consistent in all material respects with past practice), free and clear of all Liens, except for (x) Permitted Liens; (y) mortgages deeds of trust, security interests or other encumbrances on title related to indebtedness reflected on the consolidated financial statements of the Company included in the Filed Company SEC Documents; and (z) such other imperfections or irregularities of title or other Liens that, individually or in the aggregate, do not and could not reasonably be expected to materially affect the use of the properties or assets subject thereto or otherwise materially impair business operations as presently conducted or as currently proposed by the Company’s management to be conducted. All properties used in the operations of the Company’s business are reflected on the Balance Sheet to the extent required under GAAP to be so reflected. The rights, properties and assets presently owned, leased or licensed by the Company and its Subsidiaries include all rights, properties and assets necessary to permit the Company and its Subsidiaries to conduct their business in all material respects in the same manner as their businesses have been conducted prior to the date hereof; provided, that no representation is made in this Section 3.16 regarding Intellectual Property.

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