Common use of Clear Ownership Clause in Contracts

Clear Ownership. The interests of FHC and TSFC combined are, and will continue to be, the record and beneficial ownership of 100% of each Specified Lease and all Specified Equipment subject to Specified Leases in which TSFC is named as Lessor free and clear of all mortgages, deeds of trust, pledges and other liens, security interests, charges or encumbrances, except for liens for taxes due but not yet payable and liens in favor of Lender and TSFC shall promptly deliver to Lender any executed counterparts of Specified Leases which were not delivered to Lender pursuant to Section 5.3(a) of the Loan and Security Agreement and which have subsequently come into possession of it. Notwithstanding the foregoing, TSFC shall be entitled to transfer to CCI/Triad or another subsidiary corporation of CCI/Triad record and beneficial ownership of any Specified Equipment, subject to Specified Leases in which TSFC is named as Lessor, provided that:

Clear Ownership. The interests of FHC SPE and TSFC combined are, and will continue to be, the record and beneficial ownership of 100% of each Specified Lease and all Specified Equipment subject to Specified Leases in which TSFC is named as Lessor Lessor, free and clear of all mortgages, deeds of trust, pledges pledges, and other liens, security interests, charges charges, or encumbrances, except for liens for taxes due but not yet payable and liens in favor of Lender Lender, and TSFC shall promptly deliver to Lender any executed counterparts of Specified Leases which that were not delivered to Lender pursuant to Section 5.3(a) of the Loan and Security Agreement and which that have subsequently come into possession of itTSFC's or CCI/Triad's possession. Notwithstanding the foregoing, TSFC and SPE shall be entitled to transfer to CCI/Triad or another a subsidiary corporation of CCI/Triad record and beneficial ownership of any Specified Equipment, Equipment subject to Specified Leases in which TSFC is named as Lessor, provided that:

Clear Ownership. The interests of FHC SPE and TSFC combined are, and will continue to be, the record and beneficial ownership of 100% of each Specified Lease and all Specified Equipment subject to Specified Leases in which TSFC is named as Lessor Lessor, free and clear of all mortgages, deeds of trust, pledges and other liens, security interests, charges or encumbrances, except for liens for taxes due but not yet payable and liens in favor of Lender Lender, and TSFC shall promptly deliver to Lender any executed counterparts of Specified Leases which were not delivered to Lender pursuant to Section 5.3(a) of the Loan and Security Agreement and which have subsequently come into possession of itTSFC's or CCI/Triad's possession. Notwithstanding the foregoing, TSFC and SPE shall be entitled to transfer to CCI/Triad or another a subsidiary corporation of CCI/Triad record and beneficial ownership of any Specified Equipment, Equipment subject to Specified Leases in which TSFC is named as Lessor, provided that:

Clear Ownership. The interests interest of FHC and TSFC combined are, and will continue to be, the record and beneficial ownership of 100% of each Specified Lease and all Specified Equipment subject to Specified Leases in which TSFC is named as Lessor free and clear of all mortgages, deeds of trust, pledges and other liens, security interests, charges or encumbrances, except for liens for taxes due but not yet payable and liens in favor of Lender and TSFC shall promptly deliver to Lender any executed counterparts of Specified Leases which were not delivered to Lender pursuant to Section 5.3(a) of the Loan and Security Agreement and which have subsequently come into possession of it. Notwithstanding the foregoing, TSFC shall be entitled to transfer to CCI/Triad or another subsidiary corporation of CCI/Triad record and beneficial ownership of any Specified Equipment, subject to Specified Leases in which TSFC is named as Lessor, provided that: