Common use of Title and Interest Clause in Contracts

Title and Interest. Purchaser acknowledges and agrees that the Equipment is, and at all times shall remain, the property of ART, and that Purchaser shall have no right, title or interest in or to the Equipment. The Equipment is, and at all times shall remain, personal property notwithstanding that it may now be or hereafter become in any manner embedded in, affixed or attached to real property or any building thereon. Purchaser covenants and agrees to maintain the Equipment free and clear of all liens, charges, security interests and encumbrances (except any placed thereon by or with the written consent of ART).

Title and Interest. Purchaser acknowledges and agrees that the Equipment is, and at all times shall remain, the property of ART, and that Purchaser shall have no right, title or interest in or to the Equipment. The Equipment is, and at all times shall remain, personal property notwithstanding that it may now be or hereafter become in any manner embedded in, affixed or attached to real property or any building thereon. Purchaser covenants and agrees to maintain the Equipment free and clear of all liens, charges, security interests and encumbrances (except any placed thereon by or with the written consent of ART).