OWNERSHIP OF THE EQUIPMENT. 9.1 Except as detailed in clause 9.4, You acknowledge that We own the Equipment and in all circumstances We retain title to the Equipment (even if You go into liquidation or become bankrupt during the Hire Period). Your rights to use the Equipment are as a bailee only.
OWNERSHIP OF THE EQUIPMENT. 3.3.1. When the Customer becomes responsible for the Equipment: Once the Installation of the Equipment is complete, the Customer is responsible for the Equipment and all attachments to British Telecom equipment and facilities which form part of the Installation.
OWNERSHIP OF THE EQUIPMENT. 3.1 Title to the Equipment shall only pass to the Client when Digital Origin has received full payment for the Equipment, provided that no other sums are then overdue to Digital Origin from the Client on any account. Digital Origin shall retain title to all Equipment subject to a Credit. Title to Handsets provided using a Hardware Account or on a free of charge basis shall pass to the Client once the aggregate Minimum Spend or the Minimum Holding for the entire Minimum Agreement Term has been met and all charges incurred during the Minimum Agreement Term have been paid.
OWNERSHIP OF THE EQUIPMENT. (a) Lessor and Lessee intend that (i) for financial accounting purposes with respect to Lessee (A) this Lease will be treated as an "operating lease" pursuant to Statement of Financial Accounting Standards (SFAS) No. 13, as amended, (B) Lessor will be treated as the owner and lessor of the Equipment and (C) Lessee will be treated as the lessee of the Equipment but (ii) for federal, state and local income tax and state law purposes (A) this Lease will be treated as a financing arrangement, (B) the Securityholders will be treated as senior lenders making loans to Lessee in an amount equal to the principal amount of the Securities, which Securities will be secured by the Equipment, (C) the Certificate Holders will be treated as subordinated lenders making loans to Lessee in an aggregate amount equal to the Certificate Holder Contribution, which loans are secured by the Equipment, and (D) Lessee will be treated as the owner of the Equipment and will be entitled to all tax benefits ordinarily available to an owner of property like the Equipment for such tax purposes.
OWNERSHIP OF THE EQUIPMENT. 3.1 Title to the Equipment shall only pass to the Client when Guru Technology has received full payment for the Equipment, provided that no other sums are then overdue to Guru Technology from the Client on any account. Guru Technology shall retain title to all Equipment subject to a Credit. Title to Handsets provided using a Hardware Account or on a free of charge basis shall pass to the Client once the aggregate Minimum Spend or the Minimum Holding for the entire Minimum Agreement Term has been met and all charges incurred during the Minimum Agreement Term have been paid.
OWNERSHIP OF THE EQUIPMENT. 3.1 Title to the Equipment shall only pass to the Client when Pericom has received full payment for the Equipment, provided that no other sums are then overdue to Pericom from the Client on any account. Pericom shall retain title to all Equipment subject to a Credit. Title to Handsets provided using a Hardware Account or on a free of charge basis shall pass to the Client once the aggregate Minimum Spend or the Minimum Holding for the entire Minimum Agreement Term has been met and all charges incurred during the Minimum Agreement Term have been paid.
OWNERSHIP OF THE EQUIPMENT. 4.1 The Hirer acknowledges that the Equipment is the property of the Provider and will remain the property of the Provider at all times.
OWNERSHIP OF THE EQUIPMENT. During the term of lease, the ownership of the lease subject lies with Huarong Company; upon expiry of the term of lease, the ownership of the lease subject shall be transferred to the Company after the Company pays the full purchase price to Huarong Company on time. GUARANTEE Chonggang Holding is the guarantor to the Finance Lease Agreement.
OWNERSHIP OF THE EQUIPMENT. 3.1 Title to the Equipment shall only pass to the Client when Beyond Networks has received full payment for the Equipment, provided that no other sums are then overdue to Beyond Networks from the Client on any account. Beyond Networks shall retain title to all Equipment subject to a Credit. Title to Handsets provided using a Hardware Account or on a free of charge basis shall pass to the Client once the aggregate Minimum Spend or the Minimum Holding for the entire Minimum Agreement Term has been met and all charges incurred during the Minimum Agreement Term have been paid.
OWNERSHIP OF THE EQUIPMENT. 6.1 Title in the Equipment shall never pass to the HIRER and the HIRER’S interest in the Equipment shall only be and remain that of HIRER.
