OWNERSHIP OF CONTRACT. The Contract, and copies of parts thereof, are furnished and owned by the City. All portions of the Contract are the instruments of service for this Project. They are not to be used on other work and are to be returned to the City on request at the completion of the Project. Any reuse of these materials without specific written verification or adaptation by the City will be at the risk of the user and without liability or legal expense to the City, the City Representative, or the City Attorney. Such user shall hold the City and its employees, agents, and officials harmless from any and all damages, including reasonable attorneys' fees, from any and all claims arising from any such reuse. Any such verification and adoption entitles the City to further compensation at rates comparable to those paid for similar work by licensed professionals.
OWNERSHIP OF CONTRACT. Unless another Owner is named by the purchaser, the purchaser is the Owner. Upon notice to us you may assign the Contract to a new Owner. The assignment terminates all prior beneficiary designations. When the Contract is issued or the Owner is changed, the age of the Owner (or older co-owner or Annuitant, if applicable) must be less than the Maximum Owner Age shown in the Contract Schedule. Only spouses may be co-owners. The beneficiary of the co-owner spouses must be the surviving spouse. Ownership rights must be exercised by the co-owners jointly. Co-owners are deemed to be joint tenants with right of survivorship unless they indicate otherwise.
OWNERSHIP OF CONTRACT. Unless another Owner is named by the purchaser, the purchaser is the Owner. Upon notice to us you may assign the Contract to a new Owner. The assignment terminates all prior beneficiary designations. The new Owner's age must be less than 85 years. Only spouses may be co-owners. The beneficiary of the co-owner spouses must be the surviving spouse. The age of the oldest co-owner must be less than 85 years. Ownership rights must be exercised by the co-owners jointly. Co-owners are deemed to be joint tenants with right of survivorship unless they indicate otherwise.
OWNERSHIP OF CONTRACT. Unless another owner is named in the application or an endorsement, the Annuitant is the Owner. Only an Owner who is not the Annuitant may name or change a Contingent Owner, except that an Owner who is also the Annuitant may name his or her spouse as Contingent Owner. Upon notice to us you may assign the contract to a new owner. The assignment cancels a designation of Contingent Owner. It does not change the beneficiary.
OWNERSHIP OF CONTRACT. All copyright and other Intellectual Property Rights contained in this Contract remain the property of the Customer. Varying the Contract This Contract may be varied only in writing signed by each party.
OWNERSHIP OF CONTRACT. The city shall not own, hold title to, or be beneficiary under any contracts purchased pursuant to the provisions of this article. The assets of the trust or annuity contract shall be held for the exclusive benefit of Participants and their beneficiaries. (Ord. No. 41-05, § 1, 12-14-05) Sec. 13-3-5. - Ownership of assets; diversion of assets or income.
OWNERSHIP OF CONTRACT. All copyright and other Intellectual Property Rights contained in this Head Agreement, an Entity Deed or an Order remain the property of Finance or the Customer, as applicable.
OWNERSHIP OF CONTRACT. Unless otherwise expressly provided for by Endorsement in the Contract, the Takaful Operator shall be entitled to treat the Contract Holder as the absolute owner of the Contract. The Takaful Operator shall not be bound to recognize any equitable or other claim to or interest in the Contract, and the receipt of the Contract or a Benefit by the Contract Holder (or by his legal or authorized representative) alone shall be an effective discharge of all obligations and liabilities of the Takaful Operator. The Contract Holder shall be deemed to be the responsible Principal or Agent of the Participant covered under this Contract.
OWNERSHIP OF CONTRACT. Unless another Owner is named by the purchaser, the purchaser is the Owner. An Owner's age must be less than 85 years. If the Owner of the Contract is not an individual, then the Annuitant's age must be less than 85 years. Upon notice to us you may assign the Contract to a new Owner. The assignment terminates all prior Beneficiary designations. A new Owner's age must be less than 85 years. Only spouses may be co-owners. The Beneficiary of the co-owner's spouse must be the surviving spouse. The age of the oldest co-owner must be less than 85 years. Ownership rights must be exercised by the co-owners jointly. Co-owners are deemed to be joint tenants with right of survivorship unless they indicate otherwise.
OWNERSHIP OF CONTRACT. The Contract Owner must be named in the application. Upon written notice to the Company, the Contract Owner may assign the contract to a new Contract Owner.
