Common use of Equipment Title Clause in Contracts

Equipment Title. Merchant agrees that title to POS equipment and other products purchased by way of the Agreement shall remain with Canmor until full payment of cleared funds, authorized credit card payment or in the case of a lease, the acceptance of the lease by leasing company and funding received by Canmor.

Equipment Title. Merchant agrees that title to POS equipment and other products purchased by way of the Agreement shall remain with Canmor until full payment of cleared funds, funds or authorized credit card payment or in payment. In the case of a lease, title to the acceptance POS equipment shall remain with the Leasing company until such time as the lease terms and conditions have been met as outlined in the Lease Agreement. In the case to POS equipment is rented by Merchant, title shall remain with the provider of the lease by leasing company and funding received by Canmorequipment.