Bailment Agreements Clause Samples
A Bailment Agreement clause establishes the terms under which one party (the bailor) temporarily transfers possession of personal property to another party (the bailee) for a specific purpose, without transferring ownership. This clause typically outlines the responsibilities of the bailee regarding the care, use, and return of the property, and may specify conditions such as liability for loss or damage, permitted uses, and duration of the bailment. Its core practical function is to clearly allocate responsibility and risk between the parties, ensuring that the property is protected and returned as agreed, and reducing the potential for disputes over misuse or loss.
POPULAR SAMPLE Copied 1 times
Bailment Agreements. Seller and Purchaser agree to use their best efforts to arrange for and enter into whatever OEM bailment, pool, and converter agreement consents to assignment as are necessary. Seller shall use its best efforts to assist Purchaser in obtaining such assignment of any such Business OEM agreements to Purchaser.
Bailment Agreements. With respect to any location of Inventory (other than locations holding Inventory having an aggregate value for all Grantors of less than $15,000,000) that is leased by such Grantor or at which Inventory is held in a public warehouse or is otherwise held by a bailee or on consignment, such Grantor, at the Administrative Agent’s reasonable request, shall deliver landlord waivers, bailment agreements, warehouse receipts, financing statements or other documents reasonably satisfactory to the Administrative Agent to protect the Administrative Agent’s and the Holders of Secured Obligations’ security interest in such Inventory and provide the Administrative Agent with access to such Collateral upon the occurrence of a Default.
Bailment Agreements. Ximedica agrees to enter a bailment agreement with OptiNose in the form reasonably acceptable to both parties for the OptiNose Equipment, the OptiNose Components, partially completed LDSAs containing OptiNose Components, and completed LDSAs.
Bailment Agreements. VTM agrees to enter a bailment agreement with OptiNose in the form reasonably acceptable to both parties for the OptiNose Equipment, and the OptiNose Components.
Bailment Agreements. Waiver and Consents by Real Property Owner(s);
Bailment Agreements. Promptly upon the Secured Party’s request from time to time, the Debtors shall furnish to the Secured Party copies of each Bailment Agreement pursuant to which any of the Collateral is held by a Bailee. Each Debtor shall timely and fully pay and perform its monetary and other obligations under its Bailment Agreements, and at the Secured Party’s request shall provide evidence of the Debtors having done so.
Bailment Agreements. 10 6.23 Litigation...............................................11