Equipment Consignment Sample Clauses

Equipment Consignment. Exhibit B sets forth --------------------- --------- a list of equipment (including its estimated monetary value) (the "Equipment") which is hereby consigned from MLTC to ASIP. The first priority for the use of such Equipment by ASIP shall be for ASIP to perform its obligations under this Agreement and the Supply Agreement (as defined herein) for MLTC. Any excess capacity for the Equipment available after satisfying such first priority may be used by ASIP as it deems appropriate in its sole and absolute discretion. Title to all such Equipment shall remain with MLTC unless and until ASIP exercises its option to purchase the Equipment under Section 2.4.3(a), or MLTC utilizes the Equipment to purchase shares of ASIP pursuant to Section 2.4.3(b). Unless otherwise agreed to by MLTC, ASIP shall insure the Equipment against loss or damage by reason of fire, flood, accident, theft, riot or civil commotion, in an amount not to exceed three million five hundred thousand dollars ($3,500,000). Unless and until title to the Equipment is transferred to ASIP from MLTC, (i) all risk of loss related to such Equipment shall belong to MLTC, and ASIP shall be responsible for the cost of routine maintenance of such Equipment, and (ii) the cost of all major repairs and replacement of any such Equipment due to faulty workmanship shall borne by MLTC, which shall reimburse or replace such Equipment upon the reasonable request of ASIP. Other than upon expiration or termination of this Agreement, MLTC shall give ASIP one hundred eighty (180) days notice prior to retaking possession of any of such Equipment, provided, that MLTC shall not retake possession of any such Equipment at any time prior to the expiration or termination of this Agreement to the extent it is reasonably required for use by ASIP to fulfill its obligations under this Agreement.
Sample 1
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Related to Equipment Consignment

  • Direct Consignment A good will retain its originating status as determined under Article 2 (Originating Goods) if the following conditions have been met:

  • Consignment The Artist hereby consigns to The Gallery, and The Gallery accepts on consignment, those Artworks listed on the attached Inventory Sheet which is a part of this Agreement. Additional Inventory Sheets may be incorporated into this Agreement at such time as both parties agree to the consignment of other works of art. All Inventory Sheets shall be signed by Artist and Gallery.

  • Consignments Consign any of its or their Inventory or sell any of its or their Inventory on xxxx and hold, sale or return, sale on approval, or other conditional terms of sale.

  • As to Equipment and Inventory The Grantor hereby agrees that it shall

  • Stored equipment The village hall accepts no responsibility for any stored equipment or other property brought on to or left at the premises, and all liability for loss or damage is hereby excluded. All equipment and other property (other than stored equipment) must be removed at the end of each hiring or fees will be charged for each day or part of a day at the hire fee per hiring until the same is removed. The village hall may, use its discretion in any of the following circumstances:

  • Equipment and Supplies Independent Contractor, at Independent Contractor's sole expense, shall provide all equipment, tools and supplies necessary to perform the Service.

  • Equipment Cleaning (a) Areas, known by Forest Service prior to timber sale advertisement, that are infested with invasive species of concern are shown on Sale Area Map. A current list of invasive species of concern and a map showing the extent of known infestations is available at the Forest Supervisor’s Office. For purposes of this provision, “Off-Road Equipment” includes all logging and construction machinery, except for log trucks, chip vans, service vehicles, water trucks, pickup trucks, cars, and similar vehicles.

  • Leased Equipment The risk of loss or damage to leased equipment, goods or property shall not transfer to the University except as provided in §680.219, Florida Statutes. Any security interest in the leased equipment, goods or property granted to the Contractor contrary to AGO 79-72 and AGO 80-9 is null and void. Limitations of remedies provisions, which are unconscionable under applicable Florida law, are void. MATERIAL SAFETY DATA SHEET (MSDS). In compliance with Florida Statutes, Ch. 442, a Material Safety Data Sheet (MSDS) must accompany any applicable item delivered under this Agreement.

  • Equipment and Inventory With respect to any Equipment and/or Inventory of an Obligor, each such Obligor has exclusive possession and control of such Equipment and Inventory of such Obligor except for (i) Equipment leased by such Obligor as a lessee or (ii) Equipment or Inventory in transit with common carriers. No Inventory of an Obligor is held by a Person other than an Obligor pursuant to consignment, sale or return, sale on approval or similar arrangement.

  • Required Equipment (a) Towing sling – J/T hook tow chain assembly, a 4”x4”x48” and a 4”x4”x60” wooden crossbeam, a pair of spacer blocks, a steering wheel clamp, a towing dolly and safety chains.

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