Title to Library System Assets Sample Clauses

Title to Library System Assets. The City of Santa Xxxx owned all of the assets of the library system acquired under the 1964 agreement, with the exception of certain buildings situated within County territory. It is the intention of the parties that the ownership of those assets acquired during the term of the 1964 agreement shall be reallocated so that County becomes the owner of a portion of those assets equivalent to its proportionate share of payments into the system during the term of the 1964 agreement. It is further the intent of the parties that all assets acquired after the effective date of the 1988 Agreement be owned by the parties in direct proportion to their respective contributions to the library system, provided that, except as otherwise mutually agreed by the parties, all buildings, furniture, and fixtures located within the City of Santa Xxxx at the time such assets are acquired shall be owned by the City of Santa Xxxx, and all buildings, furniture, and fixtures located outside the City of Santa Xxxx at the time such assets are acquired shall be owned by the County. Annexation or incorporation of an area shall not affect title to any library system assets located in such an area unless expressly otherwise agreed by the parties. To accommodate the reallocation of the title to assets acquired during the 1964 and 1988 agreements, and to provide for proportionate ownership of assets acquired pursuant to this Agreement, the following formulas shall apply:
Sample 1
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Related to Title to Library System Assets

  • Title to Improvements Any improvements, developments, adaptations and/or modifications to the Foreground Intellectual Property, and any and all new inventions or discoveries, based on or resulting from the use of Transnet’s Background Intellectual Property and/or Confidential Information shall be exclusively owned by Transnet. The Supplier/Service Provider shall disclose promptly to Transnet all such improvements, developments, adaptations and/or modifications, inventions or discoveries. The Supplier/Service Provider hereby undertakes to sign all documents and do all things as may be necessary to effect, record and perfect the assignment of such improvements, developments, adaptations and/or modifications, inventions or discoveries to Transnet and the Supplier/Service Provider shall reasonably assist Transnet in attaining, maintaining or documenting ownership and/or protection of the improved Foreground Intellectual Property.

  • Title to Equipment Title shall vest in the Contractor to all equipment purchased hereunder.

  • Title to Properties The Company and each Subsidiary have good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of their respective businesses, except for such defects in title as could not, individually or in the aggregate, have a Material Adverse Effect. As of the Closing Date, the property of the Company and its Subsidiaries is subject to no Liens, other than Permitted Liens.

  • Title to Property The Company and its Subsidiaries have good and marketable title in fee simple to all real property and good and marketable title to all personal property owned by them which is material to the business of the Company and its Subsidiaries, in each case free and clear of all liens, encumbrances and defects except such as are described in Schedule 3(t) or such as would not have a Material Adverse Effect. Any real property and facilities held under lease by the Company and its Subsidiaries are held by them under valid, subsisting and enforceable leases with such exceptions as would not have a Material Adverse Effect.

  • Title to Work Title to Work, materials and equipment covered by an approved Application for Payment will pass to the Owner either by incorporation in construction or upon receipt of payment by the Contractor, whichever shall occur first;

  • Ownership Title to Project Deliverables This clause shall apply where Contractor is commissioned by the Authorized User to furnish project deliverables as detailed in the Purchase Order.

  • Title to Purchased Assets Seller has good and valid title to, or a valid leasehold interest in, all of the Purchased Assets. All such Purchased Assets (including leasehold interests) are free and clear of Encumbrances except for the following (collectively referred to as “Permitted Encumbrances”):

  • Title to Goods passes to Buyer upon receipt of the Goods at the Buyer- designated location, whether it is an address of the Buyer or of any third party designated by Buyer.

  • Real Property; Title to Assets (a) The Company does not own any real property.

  • Title to Project Deliverables Contractor acknowledges that it is commissioned by the Authorized User to perform the services detailed in the Purchase Order. Unless otherwise specified in writing in the Bid or Purchase Order, the Authorized User shall have ownership and license rights as follows:

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