Ownership of System Sample Clauses

Ownership of System. Throughout the Term (except as otherwise permitted in ), Lessor shall be the legal and beneficial owner of the System at all times, including all Environmental Attributes (unless otherwise specified on Exhibit 1), and the System shall remain the personal property of Lessor and shall not attach to or be deemed a part of, or fixture to, the Facility or the Premises. Each of the Lessor and Lessee agree that the Lessor (or the designated assignee of Lessor permitted under Section 19) is the tax owner of the System and all tax filings and reports will be filed in a manner consistent with this Agreement. The System shall at all times retain the legal status of personal property as defined under Article 9 of the Uniform Commercial Code. Lessee covenants that it will use commercially reasonable efforts to place all parties having an interest in or a mortgage, pledge, lien, charge, security interest, encumbrance or other claim of any nature on the Facility or the Premises on notice of the ownership of the System and the legal status or classification of the System as personal property. If there is any mortgage or fixture filing against the Premises which could reasonably be construed as prospectively attaching to the System as a fixture of the Premises, Lessee shall provide a disclaimer or release from such lienholder. If Lessee is the fee owner of the Premises, Lessee consents to the filing of a disclaimer of the System as a fixture of the Premises in the office where real estate records are customarily filed in the jurisdiction where the Facility is located. If Lessee is not the fee owner, Lessee will obtain such consent from such owner. Upon request, Lessee agrees to deliver to Lessor a non-disturbance agreement in a form reasonably acceptable to Lessor from the owner of the Facility (if the Facility is leased by Lessee), any mortgagee with a lien on the Premises, and other Persons holding a similar interest in the Premises. To the extent that Lessee does not own the Premises or Facility, Lessee shall provide to Lessor immediate written notice of receipt of notice of eviction from the Premises or Facility or termination of Lessee’s lease of the Premises and/or Facility.
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Ownership of System. Throughout the Term, Seller or its designated assignee (as permitted in Section 18) shall be the legal and beneficial owner of the System at all times, including all Environmental Attributes (unless otherwise stated in Exhibit A), and the System shall remain the personal property of Seller and shall not attach to or be deemed a part of, or fixture to, the Facility or the Premises. Each of the Seller and Customer agree that the Seller or its designated assignee (as permitted under Section 18) is the tax owner of the System and all tax filings and reports will be filed in a manner consistent with this Agreement. The System shall at all times retain the legal status of personal property as defined under Article 9 of the Uniform Commercial Code. Customer covenants that it will use commercially reasonable efforts to place all parties having an interest in or a mortgage, pledge, lien, charge, security interest, encumbrance, or other claim of any nature on the Facility or the Premises on notice of the ownership of the System and the legal status or classification of the System as personal property. If there is any mortgage or fixture filing against the Premises that could reasonably be construed as prospectively attaching to the System as a fixture of the Premises, Customer shall provide a disclaimer or release from such lienholder. If Customer is the fee owner of the Premises, Customer consents to the filing of a disclaimer of the System as a fixture of the Premises in the office where real estate records are customarily filed in the jurisdiction where the Facility is located.
Ownership of System. Landlord acknowledges and agrees that Tenant or one of its affiliates with the financial and technical expertise capable of fulfilling this Lease is the exclusive owner and operator of the System, that all alterations, additions, improvements, installations or equipment used in connection with the installation, operation or maintenance of the System or comprising the System is, and shall remain, the personal property of Tenant and shall not become fixtures, notwithstanding the manner in which such System is or may be affixed to any real property of Landlord and neither Landlord nor any affiliate, lender or successor in• interest of Landlord shall have any right, title or interest in the System or any component thereof, notwithstanding that the System may be physically mounted or adhered to the Premises or structures, buildings and fixtures on the Premises. Landlord shall have no development or other interest in the System or other equipment or personal property of Tenant installed on the Premises, and Tenant may remove all or any portion of the System at any time and from time to time as Tenant may require. Without limiting the generality of the foregoing, Landlord hereby waives any statutory or common law lien that it might otherwise have in or to the System or any portion thereof.
Ownership of System. Licensee, Lender(s), System Lessor and/or their permitted assigns, with respect to the System, shall at all times retain title to and be the legal and beneficial owner(s) of the System, including the right to any tax credits available under federal or state law.
Ownership of System a. The Communications District shall retain ownership of and control over the entire P25 radio system and its component parts including but not limited to: all radio communications towers’ infrastructure, including redundant system cores, simulcast control point and site routers and microwave system, which is ancillary to the Enhanced 9-1-1 System. Lost or damaged equipment shall be replaced or repaired in accordance with Section 6 hereinbelow.
Ownership of System. Seller shall be the legal and beneficial owner of the System at all times, including all Environmental Attributes. Each of the Seller and Purchaser agree that the Seller is the tax owner of the System and all tax filings and reports will be filed in a manner consistent with this Agreement.
Ownership of System. Throughout the Term (except as otherwise permitted in Section 19), Seller shall be the legal and beneficial owner of the System at all times, including all Environmental Attributes (unless otherwise specified on Exhibit 1), and the System shall remain the personal property of Seller and shall not attach to or be deemed a part of, or fixture to, the Premises. Each of the Seller and Purchaser agree that the Seller (or the designated assignee of Seller permitted under Section 19) is the tax owner of the System and all tax filings and reports will be filed in a manner consistent with this Agreement. The System shall at all times retain the legal status of personal property as defined under Article 9 of the Uniform Commercial Code.
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Ownership of System. The parties acknowledge that the streetlighting systems are owned and shall be maintained as indicated in Appendix A.
Ownership of System. Under all circumstances, ATS shall retain ownership of all Camera Systems and the Axsis™ System provided for use by the City under the terms and conditions of this Agreement. In order to carry out the purposes of this Agreement, for the term of this Agreement, ATS grants City a non-exclusive, non- transferable license to use the Axsis™ System.
Ownership of System. Xxxxxxxx acknowledges and agrees that Xxxxxx is the exclusive owner and operator of the System. Further, subject to Sections 5.9 and 16, Landlord acknowledges and agrees that all alterations, additions, improvements, installations or equipment used in connection with the installation, operation, maintenance, and repair of the System or comprising the System is, and shall remain, the personal property of Tenant and shall not become fixtures, notwithstanding the manner in which such System is or may be affixed to the Building and neither Landlord nor any affiliate, lender or successor in interest of Landlord shall have any right, title or interest in the System or any component thereof, notwithstanding that the System may be physically mounted or adhered to the Premises or structures, buildings and fixtures on the Premises. Landlord shall have no development or other interest in the System or other equipment or personal property of Tenant installed on the Premises, and Tenant may remove all or any portion of the System at any time and from time to time as Tenant may require.
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