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.
Appears in 4 contracts
Samples: Master Services Agreement, Master Services Agreement, Master Services Agreement
