Title to the System Sample Clauses

Title to the System. Throughout the duration of the Agreement, SPD shall be the legal and beneficial owner of the System at all times, and the System shall remain the personal property of the SPD and shall not attach to or be deemed a part of, or fixture to, the Premises. Buying Entity covenants that it will use its best efforts to place all parties having an interest in or lien or encumbrance upon the real property comprising the Premises on notice of the ownership of the System and the legal status the System as the personal property of the SPD. If there is any mortgage or other security interest created or granted upon the Premises which could reasonably be construed as attaching to the System as a fixture of the Premises, Buying Entity shall procure, at the SPD’s request, a release from such lien holders.
AutoNDA by SimpleDocs
Title to the System. 9.1. Notwithstanding delivery, installation, passing of risk and System Service Date, title to the System shall not pass to CTI but shall be retained by CTL until the full Contract Sum has been received by CTL from CTI.
Title to the System. Subject to the rights provided to UNIVERSITY pursuant to the terms hereof, the System and all alterations, additions, improvements or installations made thereto by LICENSEE and all LICENSEE property used in connection with the installation, operation and maintenance of the System is, and shall remain, the sole and exclusive property of LICENSEE (“LICENSEE PROPERTY”). In no event shall any LICENSEE Property be deemed a fixture, nor shall UNIVERSITY, nor anyone claiming by, through or under UNIVERSITY (including but not limited to any present or future mortgagee of the Facility ) have any rights in or to the LICENSEE Property at any time except as otherwise provided herein.
Title to the System. The System shall be provided by Dominion to the Customer as part of the managed services described herein. Title to the System or any portion thereof, shall not pass to the Customer and shall remain with Dominion.
Title to the System. Lessor owns the System and shall retain title to the System at all times during the term of this Agreement. This Agreement authorizes Lessee's exclusive use of the System only, and nothing in this Agreement transfers to Lessee any right, title or interest in the System, except the exclusive right to use the System during the term of this Agreement. At the request of Lessor, Lessee will affix to the System a notice provided by Lessor identifying the System as owned by Lessor. Lessee agrees to keep the System free from all liens, claims and other legal process of its creditors and other parties. Lessee shall give Lessor notice in writing of any lien, claim or other legal process of its creditors and other parties that involves the System. Provided the parties do not enter into a lease extension or an alternative arrangement, including without limitation the exercise of the purchase option described in Section 11 hereof, Lessee agrees to make the System available to Lessor upon expiration or termination of this Agreement. In such event, Lessor shall be responsible for all costs associated with recovering the System.
Title to the System. Provider, or Provider’s permitted assigns, shall at all times retain title to and be the legal and beneficial owner of the System, which shall remain the personal property of Provider and shall not become fixtures, notwithstanding that the System may be physically mounted or adhered to the Premises, unless and until the State exercises its purchase option pursuant to Section 10.2.2 (Prior to Expiration Date [Purchase Option]) of the Power Purchase Agreement. Provider shall not transfer title to another entity without prior written notification to the State and without the State’s approval, except as provided in Section 14.3 (Assignment) of the Power Purchase Agreement.
Title to the System. The Developer shall retain full title to the System until 80% of the units have been connected to the electrical Distribution system and a Certificate of Acceptance has been issued in respect of the System, at which time all title to the system shall be deemed transferred to Hydro Ottawa. Upon issuance of a Certificate of Acceptance for the System, Hydro Ottawa shall assume ownership and the responsibility for operating and maintaining those parts of the System for which it has agreed to be responsible in accordance with Section 7.
AutoNDA by SimpleDocs
Title to the System. Upon delivery and installation of the System (and any upgrades, enhancements, and additions thereto), the White Sox will own the Hardware (and such upgrades and additions), free and clear of any liens, claims, charges, or other rights of third parties therein or relating thereto, subject only to Precis' rights pursuant to the last sentence of subparagraph 4(e). Precis shall provide such lien waivers from suppliers and/or installers of the System as White Sox may request. The White Sox shall assume all risk of loss and damage to the System (and such upgrades, enhancements, and additions), subject to Precis' obligation to provide maintenance and support as provided herein and to replace Hardware pursuant to clause (iv) of Subparagraph 4(d).

Related to Title to the System

  • Title to the Shares Seller owns of record and beneficially the Shares of the Company, free and clear of all liens, encumbrances, pledges, claims, options, charges and assessments of any nature whatsoever, with full right and lawful authority to transfer the Shares to Buyer. No person has any preemptive rights or rights of first refusal with respect to any of the Shares. There exists no voting agreement, voting trust, or outstanding proxy with respect to any of the Shares. There are no outstanding rights, options, warrants, calls, commitments, or any other agreements of any character, whether oral or written, with respect to the Shares.

  • Title to the Property Borrower will warrant and defend the title to the Property, and the validity and priority of all Liens granted or otherwise given to Lender under the Loan Documents, subject only to Permitted Encumbrances, against the claims of all Persons.

  • Title to the Properties Borrower will warrant and defend (a) the title to each Individual Property and every part thereof, subject only to Liens permitted hereunder (including Permitted Encumbrances) and (b) the validity and priority of the Liens of the Mortgages and the Assignments of Leases on the Properties, subject only to Liens permitted hereunder (including Permitted Encumbrances), in each case against the claims of all Persons whomsoever. Borrower shall reimburse Lender for any losses, costs, damages or expenses (including reasonable attorneys' fees and court costs) incurred by Lender if an interest in any Individual Property, other than as permitted hereunder, is claimed by another Person.

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

  • Title to the Assets The Purchased Assets are owned by the Vendor with a good and valid title, free and clear of any and all encumbrances.

  • 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;

  • WARRANTY OF TITLE TO GAS 1. Seller warrants the title to all gas delivered hereunder and the right to sell the same and that such gas shall be free and clear from all liens and adverse claims.

  • 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 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”):

Time is Money Join Law Insider Premium to draft better contracts faster.