RISK AND TITLE. 4.1. The risk of loss of, or damage to, the Goods shall pass from Miraclon to the Customer as specified in the applicable Incoterm. 4.2. Subject to the provisions of the Software license, title to the Equipment will pass from Miraclon to the Customer upon payment in cleared funds of all amounts due to Miraclon, however incurred. Title to the Consumables and the Parts will pass from Miraclon to the Customer upon Delivery. 4.3. Until full ownership passes to the Customer, the Customer shall maintain the Equipment in good order and shall keep the Equipment insured against all risk of loss or damage for Miraclon and shall provide Miraclon with proof of insurance upon request.
Appears in 12 contracts
Sources: Customer Agreement for Goods and Services, Customer Agreement for Goods and Services, Customer Agreement for Goods and Services