Furnished Property definition

Furnished Property means property, equipment, tools, devices, apparatus, material, etc., owned, leased, rented, or held in bailment by Buyer or the Customer and provided to Seller for Seller’s benefit. Seller does not gain any title or interest in the Furnished Property; however, Seller assumes the Risk of Loss for the Furnished Property while the Furnished Property is in Seller’s possession.
Furnished Property means property owned, leased, rented, or held in bailment by Buyer, the Government or the Owner and that has been provided to Seller for Seller’s benefit. Furnished Property may include equipment, tools, devices, apparatus or property belonging to Buyer.
Furnished Property means either Property (a) furnished to Seller by Buyer and required for performance of the Work under this Order, or (b) required under this Order to be acquired by Seller for performance under this Order on behalf of Buyer. All such Property shall be "as is" and may include, without limitation, tools, equipment, or material of every description, any replacement thereof, and/or any material affixed or attached thereto.

Examples of Furnished Property in a sentence

  • Furnished Property shall be used only for the performance of this Contract.

  • Buyer may provide to Seller property owned by either Buyer or its customer (Furnished Property).

  • Furnished Property shall be used only for the performance of this Order.

  • Furnished Property shall be used only for the performance of this Subcontract.

  • Without additional charge, Seller shall manage, maintain, and preserve Furnished Property in accordance with good commercial practice.

  • Furnished Property shall be used only for the performance of this Agreement.

  • Additionally, the Contractor must request property disposition for a contract or task order involving Government Furnished Property (GFEP and/or Contractor acquired property (if any) on behalf of the Government, in writing and submitted to the Program Office COR.

  • Seller shall clearly mark (if not so marked) all Furnished Property to show its ownership.

  • Except for reasonable wear and tear, Seller assumes all risk of loss, destruction, or damage of Furnished Property while in Seller’s possession, custody, or control.

  • Except for reasonable wear and tear, Seller shall be responsible for, and shall promptly notify Buyer of, any loss or damage to Furnished Property.


More Definitions of Furnished Property

Furnished Property shall have the meaning ascribed to it in the Paragraph entitled “Furnished Property”.
Furnished Property shall have the meaning ascribed to it in Section 27.1.

Related to Furnished Property

  • Government-furnished property means property in the possession of, or directly acquired by, the Government and subsequently furnished to the Contractor for performance of a contract. Government-furnished property includes, but is not limited to, spares and property furnished for repair, maintenance, overhaul, or modification. Government-furnished property also includes contractor-acquired property if the contractor-acquired property is a deliverable under a cost contract when accepted by the Government for continued use under the contract.

  • Transferred Real Property shall have the meaning set forth in Section 1.2(a)(vii).

  • Leasehold Property means any leasehold interest of any Loan Party as lessee under any lease of real property.

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Assessed Property means any Parcel within the District against which an Assessment is levied.

  • Material Leasehold Property means a Leasehold Property reasonably determined by Administrative Agent to be of material value as Collateral or of material importance to the operations of Company or any of its Subsidiaries.

  • Receiving property means a lot or parcel within which

  • Covered Property is the address stated on your Agreement Coverage Summary Page. • “Domestic-grade” Items are those that were designated by the manufacturer, manufactured and marketed solely for installation and use in a residential single family dwelling.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Physical Property has the meaning assigned to such term in the definition of “Delivery” above.

  • School property means in or within any building, structure, athletic playing field, playground, parking lot or land contained within the real property boundary line of a public elementary or secondary school, or in or on a school bus, as defined in Vehicle and Traffic Law §142.

  • Transition Property means the property right created by a financing order, including without

  • Business Property means property on which a business is conducted, property rented in whole or in part to others, or held for rental.

  • Improved Property means any property upon which there is erected a structure intended for continuous or periodic habitation, occupancy or use by human beings or animals and from which structure Sanitary Sewage and/or Industrial Wastes shall be or may be discharged.

  • Developed Property means all Assessor’s Parcels of Taxable Property for which Building Permits were issued on or before May 1 of the prior Fiscal Year, provided that such Assessor's Parcels were created on or before January 1 of the prior Fiscal Year and that each such Assessor's Parcel is associated with a Lot, as determined reasonably by the Board.

  • Mortgaged Real Property means each of the parcels of real property set forth on Schedule 4 hereto, or interests therein, owned in fee by a Credit Party, together with each other parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Other Conveyed Property means all property conveyed by the Seller to the Trust pursuant to Section 2.1(b) through (i).

  • Rental Property means a hotel room, vacation home, or other rental property You booked for Your stay during Your Trip.

  • Bondable transition property means the property consisting of

  • Specified Property means property for which an election has been made for a special elective benefit.

  • Released Property shall have the meaning set forth in Section 2.9 hereof.

  • Borrowing Base Property means Eligible Property and/or Commercial Land that the Administrative Agent has agreed to include in calculations of the Borrowing Base pursuant to Section 4.1. A Property shall be excluded from the determination of the Borrowing Base if at any time such Property shall cease to be an Eligible Property.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Contractor-acquired property means property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.