Common use of Equipment Transfer of Title Clause in Contracts

Equipment Transfer of Title. Upon expiration of the Lease Term, at Xxxxxxxx’s discretion, the Customer will be entitled to purchase the Equipment. Such purchase will be in accordance with the conditions outlined in Miraclon’s related commercial offer. Upon completion thereof, transfer of title would occur for the respective Equipment to the benefit of the Customer at which point Miraclon will no longer be responsible for any Equipment warranty.