Ownership of Security Sample Clauses

Ownership of Security. Save and except may have been disclosed by the Borrower to Bank in writing prior to the execution of this Agreement, the Concerned Borrower will, at the time of creation of the security as mentioned in Article 3 of this agreement, be the sole and absolute owner(s) of the premises and the Concerned Borrower will at the time of creation of such have a clear and marketable title to the premises free from all lien, lis-pendens, encumbrances, third party rights and impediments whatsoever.
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Ownership of Security. The Security Party is the legal and beneficial owner of the Security free of all encumbrances, unless the acquisition of the same is currently being financed by the Bank, in which case, the Security Party’s title to the Security is regular, valid and indefeasible, and the Security Party’s beneficial interests in the Security are free from all defects and encumbrances;
Sample 1

Related to Ownership of Security

  • Ownership of Software The Parties acknowledge that any software provided by the Authority is and remains the property of the Authority.

  • Ownership of Data All Data transmitted to the Operator pursuant to the Service Agreement is and will continue to be the property of and under the control of the LEA. The Operator further acknowledges and agrees that all copies of such Data transmitted to the Operator, including any modifications or additions or any portion thereof from any source, are subject to the provisions of this DPA in the same manner as the original Data. The Parties agree that as between them, all rights, including all intellectual property rights in and to Data contemplated per the Service Agreement shall remain the exclusive property of the LEA.

  • Ownership of Material Copyright in the pages and in the screens displaying the pages, and in the information and material therein and in their arrangement, is owned by Profinium and/or its Service Providers unless otherwise indicated. All registered and unregistered trademarks used in the Service are the sole property of their respective owners. Unauthorized reproduction in whole or part is prohibited.

  • Ownership of Records All records required to be maintained and preserved by the Corporation or Fund pursuant to the provisions of rules or regulations of the Securities and Exchange Commission under Section 31(a) of the Act and maintained and preserved by the Manager on behalf of the Corporation or Fund, as appropriate, are the property of the Corporation or Fund, as appropriate, and will be surrendered by the Manager promptly on request by the Corporation or Fund, as appropriate.

  • Ownership of Equipment Any equipment purchased by or furnished to the Grantee by the State under this grant agreement is provided on a loan basis only and remains the property of the State.

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