Common use of Hardware Products Clause in Contracts

Hardware Products. 5.1 Koris365 shall deliver the Hardware by the applicable delivery date specified in the Proposal or Quote. Delivery of the Hardware takes place when the Hardware is available for collection at Koris365’s premises. On delivery of the Hardware: (a) the Customer shall be responsible for (i) collecting the Hardware from Koris365’s premises, and (ii) loading the Hardware on to the Customer’s transportation vehicle; and (b) the risk of loss or damage in the Hardware shall pass to the Customer. 5.2 Title to the Hardware shall transfer to the Customer on payment of the Fees for that Hardware to Koris365. Until title to the Hardware transfers to the Customer pursuant to this Clause 5.2, the Customer shall from delivery: (a) hold the Hardware on a fiduciary basis as Koris365’s bailee; (b) store the Hardware separately from all other goods held by the Customer so that they remain readily identifiable as Koris365’s property; (c) not remove, deface or obscure any identifying mark or packaging on or relating to the Hardware; (d) maintain the Hardware in satisfactory condition and keep them insured against all risks for their full price from the date of delivery; (e) notify Koris365 immediately if it becomes subject to any of the events listed in Clause 14.2 (c); and (f) give Koris365 such information relating to the Hardware as Koris365 may require from time to time, but the Customer may resell or use the Hardware in the ordinary course of its business. 5.3 If before title to the Hardware passes to the Customer the Customer becomes subject to any of the events listed in Clause 14.2 (c), or Koris365 reasonably believes that any such event is about to happen and notifies the Customer accordingly, then, provided that the Hardware has not been resold, or irrevocably incorporated into another product, and without limiting any other ▇▇▇▇▇▇▇ remedy Koris365 may have, Koris365 may at any time require the Customer to deliver up the Hardware and, if the Customer fails to do so promptly, enter any premises of the Customer or of any third party where the Hardware are stored in order to recover them. 5.4 The Customer shall bear the risk of loss or damage to the Hardware from delivery to the Customer. 5.5 Koris365 will pass through to the Customer the benefit of the manufacturer’s standard end user warranty (if any) in respect of the Hardware.