Ownership of the System. Licensee acknowledges and will not contest, either directly or indirectly, Licensor's (or its affiliates', as the case may be) unrestricted and exclusive ownership of the System and any element(s) or component(s) thereof, and acknowledges that Licensor has the sole right to grant licenses to use all or any element(s) or component(s) of the System. Licensee specifically agrees and acknowledges that Licensor (or its affiliates) is the owner of all right, title and interest in and to the service xxxx "Homewood Suites", its distinguishing characteristics, trade names, service marks, trademarks, logos, copyrights, slogans, etc., and all other marks associated with the System ("MARKS") together with the goodwill symbolized thereby and that Licensee will not contest directly or indirectly the validity or ownership of the Marks either during the term of this Agreement or at any time thereafter. All improvements and additions whenever made to or associated with the System by the parties to this Agreement or anyone else, and all service marks, trademarks, copyrights, and service xxxx and trademark registrations at any time used, applied for or granted in connection with the System, and all goodwill arising from Licensee's use of the Marks shall inure to the benefit of and become the property of Licensor (or its applicable affiliate). Upon expiration or termination of this Agreement, no monetary amount shall be assigned as attributable to any goodwill associated with Licensee's use of the System or any element(s) or component(s) of the System including the name or Marks.
Ownership of the System. Landlord acknowledges, understands and agrees that Tenant is the exclusive owner and operator of the System, and that all components, equipment and other tangible personal property comprising the System shall remain the sole and exclusive personal property of Tenant and shall not become fixtures, notwithstanding the manner in which the System is or may be attached to the Premises and the realty constituting same. Landlord shall have no right, title or interest in the System or any components, equipment and other tangible personal property comprising the System notwithstanding that all or portions of the System may be physically mounted or adhered to the Premises or buildings, fixtures or structures on the Premises.
Ownership of the System. Franchisee agrees that:
Ownership of the System. 15.1 No provision of this Agreement, including the use of the cash basis for rate studies, shall be construed to create any Customer ownership or equity in the System. Customer payments (whether past, present, or future) shall not be construed as granting Customer partial ownership of, pre-paid capacity in, or equity in the System.
Ownership of the System. Nothing in this Agreement shall have the effect of passing to the Customer or any other Person any right, title or interest in or to the System or any electric energy, mandatory or voluntary federal, state or local renewable energy rebates, subsidies, incentive payments, tax credits, grants or other monetary benefits or incentives related to the System, all of which shall be the sole property of the System Owner and its affiliates and assigns, as applicable.
Ownership of the System. The Seller shall be the sole and exclusive owner of the System. The Seller shall, at its sole cost and expense, maintain the System in good condition and repair in accordance with the terms and conditions of all applicable licenses, permits, certificates, approvals, and laws including, but not limited to, the Manitoba Electrical Code. The Seller shall not make any repairs to the System which could adversely affect the operation and maintenance of the Electrical System without MH’s prior written consent.
Ownership of the System. The System and the System’s Assets, including all local distribution lines used to distribute water to customers of the System, shall be owned as follows:
Ownership of the System. Supplier is the sole legal and beneficial owner and the operator of the System (as described in ExhibitA-1), free and clear of any liens or other interests in favor of Client. The System shall remain the personal property of Supplier and shall not attach to or be deemed a part of, or become a fixture to, the Premises and/or the Property regardless of the manner of affixation to the Premises. Without limiting the generality of the foregoing, Client hereby waives any statutory or common law lien that it might otherwise have in or to the System or any part thereof and agrees that, notwithstanding the occurrence of an event of default under this Agreement beyond all applicable notice and cure periods or the expiration or any other termination of the Agreement Term, Supplier shall maintain ownership of the System and may remove the System at any time from the Premises, whether or not affixed or attached to the realty, any building or any other equipment or property of Client or any other party. Supplier acknowledges that the Property on which the System is located is not part of the System. Portions of this exhibit have been omitted and filed separately with the SEC pursuant to a confidential treatment request and are indicated by ***.
Ownership of the System. 21.1. The Hardware and complementary equipment to be supplied pursuant to the Contract and being part/segment of any Part of the System shall become the property of the Purchaser at whichever is the latter of the following times:
