Common use of Customer Tooling Clause in Contracts

Customer Tooling. The Customer acknowledges and agrees that all tooling, dies, test and assembly fixtures, jigs, gauges, patterns, casting patterns, cavities, molds, and documentation, including engineering specifications and test reports, together with any accessions, attachments, parts, accessories, substitutions, replacements, and appurtenances are owned by the Company except for those items set forth on Exhibit I (such items set forth on Exhibit I, the “Customer Tooling”). The Company acknowledges that the Customer Tooling is owned by Customer and is being held by the Company, or to the extent the Company has transferred Customer Tooling to third parties, by such third parties, as the Customer’s bailees at will. Additionally, Customer Tooling does not include any tooling manufactured by the Company or at the Customer’s request on or after the date of the Effective Date of this Agreement under a purchase order for the Customer unless and until such tooling has been fully paid for by the Customer in accordance with the applicable tooling purchase order.