Common use of PURCHASER’S PROPERTY Clause in Contracts

PURCHASER’S PROPERTY. All property (such as materials, drawings, documents etc.) issued by the Purchaser or any other individual or firm on behalf of the Purchaser in connection with the contract shall remain confidential, being the property of the Purchaser and the Bidder/Supplier/Contractor shall undertake to return all such property so issued and will be responsible for any or all loss thereof and damage thereto resulting from whatever causes and shall reimburse the Purchaser the full amount of loss and damage. On completion of work in any compartment / location of the purchaser’s premises, the Bidder/Supplier/Contractor must ensure that the place is left in a reasonably clean state and all scrap is transferred to nearby scrap-bins. 17. RECOVERY-ADJUSTMENT PROVISIONS Payment made under one order shall not be assigned or adjusted to any other order except to the extent agreed upon in writing by the Purchaser. During the currency of the contract, if any sum of money is payable by the Bidder / Supplier / Contractor the same shall be deducted from any sum then due or thereafter may become due to the Bidder / Supplier / Contractor under the contract or any other contract with the Purchaser. 18. INDEMNIFICATION The Bidder / Supplier / Contractor, his employees, licences, agents or Sub-Supplier / Sub-contractor, while on site of the Purchaser for the purpose of this contract, indemnifies the Purchaser against direct damage and/or injury to the property and/or the person of the Purchaser or that of Purchaser's employees, agents, SubContractors / Suppliers occurring and to the extent caused by the negligence of the Bidder / Supplier / Contractor, his employees, licensees, agents or Sub-contractor by making good such damages to the property, or compensating personal injury and the total liability for such damages or injury shall be as mutually discussed and agreed to.

PURCHASER’S PROPERTY. All property (such as materials, drawings, documents etc.) issued by the Purchaser or any other individual or firm on behalf of the Purchaser in connection with the contract Seller shall remain confidential, being the property of the Purchaser and the Bidder/Supplier/Contractor shall undertake to return all such property so issued and will be responsible for Purchaser’s Property while the same is in the possession, control or custody of Seller or any Person to whom or to which Seller transfers any Purchaser’s Property. Seller shall use Purchaser’s Property at its own risk, shall not transfer or dispose of Purchaser’s Property, shall be responsible for all loss thereof of or damage to it, shall adequately insure it against loss or damage (in an amount not less than its replacement value), shall at its own cost maintain it in the same condition as supplied, ordinary wear and damage thereto resulting from whatever causes tear excepted, shall not modify or move it to another location without Purchaser’s prior written consent, and shall reimburse return or otherwise dispose of Purchaser’s Property in accordance with Purchaser’s instructions. Seller shall at all times prominently identify Purchaser’s Property as belonging to Purchaser, and shall segregate such property from property of Seller or others. Seller shall at all times keep Purchaser’s Property free and clear of all liens, claims or encumbrances by through or under Seller, any Seller Associated Person or any transferee of Seller. If Goods to be manufactured for Purchaser by Seller hereunder are to be made pursuant to Confidential Information furnished by Purchaser, Seller shall return the same to Purchaser immediately upon Purchaser’s request, or, if not theretofore requested, upon completion, termination, or cancellation of this Purchase Order. Seller shall not, without the full amount prior written consent of loss and damagePurchaser, use Purchaser’s Property or Confidential Information in the manufacture of any Goods, goods or material for any Person other than Purchaser. On completion of work in any compartment / location of the purchaser’s premises, the Bidder/Supplier/Contractor must ensure that the place is left in a reasonably clean state and all scrap is transferred to nearby scrap-binsANY AND ALL PURCHASER’S PROPERTY IS PROVIDED “AS IS” AND WITH ALL FAULTS. 17. RECOVERY-ADJUSTMENT PROVISIONS Payment made under one order shall Purchaser will not be assigned or adjusted liable to Seller for any other order except Liabilities and/or Expenses related to the extent agreed upon in writing by the Purchaser. During the currency of the contract, if any sum of money is payable by the Bidder / Supplier / Contractor the same shall be deducted from any sum then due or thereafter may become due to the Bidder / Supplier / Contractor under the contract or any other contract with the Purchaser. 18. INDEMNIFICATION The Bidder / Supplier / Contractor, his employees, licences, agents or Sub-Supplier / Sub-contractor, while on site of the Purchaser for the purpose of this contract, indemnifies the Purchaser against direct damage and/or injury to the property and/or the person of the Purchaser or that of Purchaser's employees, agents, SubContractors / Suppliers occurring and to the extent caused by the negligence of the Bidder / Supplier / Contractor, his employees, licensees, agents or Sub-contractor by making good such damages to the property, or compensating personal injury and the total liability for such damages or injury shall be as mutually discussed and agreed to’s Property.

PURCHASER’S PROPERTY. All property (such as materials, drawings, documents etc.) issued by the Purchaser or any other individual or firm on behalf of the Purchaser in connection with the contract Seller shall remain confidential, being the property of the Purchaser and the Bidder/Supplier/Contractor shall undertake to return all such property so issued and will be responsible for Purchaser’s Property while the same is in the possession, control or custody of Seller or any Person to whom or to which Seller transfers any Purchaser’s Property. Seller shall use Purchaser’s Property at its own risk, shall not transfer or dispose of Purchaser’s Property, shall be responsible for all loss thereof of or damage to it, shall adequately insure it against loss or damage (in an amount not less than its replacement value), sha ll at its own cost maintain it in the same condition as supplied, ordinary wear and damage thereto resulting from whatever causes tear excepted, shall not modify or move it to another location without Purchaser’s prior written consent, and shall reimburse return or otherwise dispose of Purchaser’s Property in accordance with Purchaser’s instructions. Seller shall at all times prominently identify Purchaser’s Property as belonging to Purchaser, and shall segregate such property from property of Seller or others. Seller shall at all times keep Purchaser’s Property free and clear of all li ens, claims or encumbrances by through or under Seller, any Seller Associated Person or any transferee of Seller. If Goods to be manufactured for Purchaser by Seller hereunder are to be made pursuant to Confidential Information furnished by Purchaser, Seller shall return the same to Purchaser immediately upon Purchaser’s request, or, if not theretofore requested, upon completion , termination, or cancellation of this Purchase Order. Seller shall not, without the full amount prior written consent of loss and damagePurchaser, use Purchaser’s Property or Confidential Information in the manufacture of any Goods, goods or material for any Person other than Purchaser. On completion of work in any compartment / location of the purchaser’s premises, the Bidder/Supplier/Contractor must ensure that the place is left in a reasonably clean state and all scrap is transferred to nearby scrap-binsANY AND ALL PURCHASER’S PROPERTY IS PROVIDED “AS IS” AND WITH ALL FAULTS. 17. RECOVERY-ADJUSTMENT PROVISIONS Payment made under one order shall Purc ▇▇▇▇▇ will not be assigned or adjusted liable to Seller for any other order except Liabilities and/or Expenses related to the extent agreed upon in writing by the Purchaser. During the currency of the contract, if any sum of money is payable by the Bidder / Supplier / Contractor the same shall be deducted from any sum then due or thereafter may become due to the Bidder / Supplier / Contractor under the contract or any other contract with the Purchaser. 18. INDEMNIFICATION The Bidder / Supplier / Contractor, his employees, licences, agents or Sub-Supplier / Sub-contractor, while on site of the Purchaser for the purpose of this contract, indemnifies the Purchaser against direct damage and/or injury to the property and/or the person of the Purchaser or that of Purchaser's employees, agents, SubContractors / Suppliers occurring and to the extent caused by the negligence of the Bidder / Supplier / Contractor, his employees, licensees, agents or Sub-contractor by making good such damages to the property, or compensating personal injury and the total liability for such damages or injury shall be as mutually discussed and agreed to’s Property.

PURCHASER’S PROPERTY. All property (such as materials, drawings, documents etc.) issued by the Purchaser or any other individual or firm on behalf of the Purchaser in connection with the contract shall remain confidential, being the property of the Purchaser and the Bidder/Supplier/Contractor shall undertake to return all such property so issued and will be responsible for any or all loss thereof and damage thereto resulting from whatever causes and shall reimburse the Purchaser the full amount of loss and damage. On completion of work in any compartment / location of the purchaser’s premises, the Bidder/Supplier/Contractor must ensure that the place is left in a reasonably clean state and all scrap is transferred to nearby scrap-bins. 17. RECOVERY-ADJUSTMENT PROVISIONS Payment made under one order shall not be assigned or adjusted to any other order except to the extent agreed upon in writing by the Purchaser. During the currency of the contract, if any sum of money is payable by the Bidder / Supplier / Contractor the same shall be deducted from any sum then due or thereafter may become due to the Bidder / Supplier / Contractor under the contract or any other contract with the Purchaser. 18. INDEMNIFICATION The Bidder / Supplier / Contractor, his employees, licences, agents or Sub-Supplier / Sub-contractor, while on site of the Purchaser for the purpose of this contract, indemnifies the Purchaser against direct damage and/or injury to the property and/or the person of the Purchaser or that of Purchaser's employees, agents, SubContractors / Suppliers occurring and to the extent caused by the negligence of the Bidder / Supplier / Contractor, his employees, licensees, agents or Sub-contractor by making good such damages to the property, or compensating personal injury and the total liability for such damages or injury shall be as mutually discussed and agreed to.making

PURCHASER’S PROPERTY. All Unless otherwise agreed to in writing by Purchaser, all tools, equipment, and material furnished to Seller by Purchaser or paid for by Purchaser, as well as replacements therefore and attachments, thereto, shall be and remain the property of Purchaser. Such property and whatever practical each individual item thereof, shall be plainly marked or otherwise adequately identified by Seller as “Property of PURCHASER” shall be safely and separate and apart from Seller’s property and shall be properly maintained by Seller at their expense under conditions of normal wear. Seller shall not substitute any other property for Purchaser’s property and shall not use Purchaser’s property except in filling Purchaser’s Purchase Order. Such property while in Seller’s custody or control shall be held in Seller’s risk, shall be kept insured by Seller, at Seller’s expense in an amount equal to the replacement cost with loss payable to Purchaser and shall be subject to inspection by Purchaser upon reasonable notice and to removal at Purchaser’s written direction. In the event of removal/return to Purchaser, Seller shall prepare it for shipment and shall deliver it to Purchaser in the same condition as originally received or manufactured by Seller, reasonable wear and tear expected. CHANGES – Purchaser at any time, by written order, may change the design (such as materials, including drawings, documents etc.) issued materials and specifications), processing, method of packing and shipping, and destination. If any such change affects the cost or timing, it shall be the Seller’s responsibility to make every effort to minimize any changes. Purchaser shall not adjust the purchase price and delivery schedule equitably, by written amendment. Seller shall not make any change in the design, processing, packing, shipping or place of delivery without Purchaser’s written approval. NON-ASSIGNMENT – Seller shall not assign this Purchase Order any interest, thereon, any right or obligation, created thereby or any payment due or to become due thereunder without Purchaser’s written consent. Any attempt by Seller to make such assignment shall be null and void and any such assignment by operation of law shall give Purchaser the option to terminate the Purchase Order without further liability. SET-OFF – Purchaser shall have the right at all times to set off any amount owing from Seller to Purchaser, any component of Purchaser or any other individual or firm on behalf of the its affiliated companies against any amount payable at any time by Purchaser in connection with the contract shall remain confidential, being the property of the Purchaser and the Bidder/Supplier/Contractor shall undertake to return all such property so issued and will be responsible for any this Purchase Order or all loss thereof and damage thereto resulting from whatever causes and shall reimburse the Purchaser the full amount of loss and damage. On completion of work in any compartment / location of the purchaserPurchaser’s premises, the Bidder/Supplier/Contractor must ensure that the place is left in a reasonably clean state and all scrap is transferred to nearby scrap-bins. 17. RECOVERY-ADJUSTMENT PROVISIONS Payment made under one order shall not be assigned or adjusted to any other order except to the extent agreed upon in writing by the Purchaser. During the currency of the contract, if any sum of money is payable by the Bidder / Supplier / Contractor the same shall be deducted from any sum then due or thereafter may become due to the Bidder / Supplier / Contractor under the contract or any other contract with the Purchaser. 18. INDEMNIFICATION The Bidder / Supplier / Contractor, his employees, licences, agents or Sub-Supplier / Sub-contractor, while on site of the Purchaser for the purpose of this contract, indemnifies the Purchaser against direct damage and/or injury to the property and/or the person of the Purchaser or that of Purchaser's employees, agents, SubContractors / Suppliers occurring and to the extent caused by the negligence of the Bidder / Supplier / Contractor, his employees, licensees, agents or Sub-contractor by making good such damages to the property, or compensating personal injury and the total liability for such damages or injury shall be as mutually discussed and agreed toPurchase Order.