Common use of Passage of Title Clause in Contracts

Passage of Title. 12.3.1. The ownership and title to the RRV (including the Special Tools) and any part thereof, shall fully pass to ISR free and clear of all security interests, liens, attachments, encumbrances and any other rights or claims of any kind of any third party, upon the date of issuance by ISR of the Final Acceptance Certificate. The passing of title to ISR and vesting of ownership rights shall be without prejudice to any right that may accrue to ISR under this Agreement.

Appears in 5 contracts

Samples: Agreement No., Agreement No., Agreement No.

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