Equipment Transfer of Title Sample Clauses

Equipment Transfer of Title. Upon expiration of the Lease Term, at Miraclon’s discretion, the Customer will be entitled to purchase the Equipment. Such purchase will be in accordance with the conditions outlined in Miraclon’s related commercial offer. Upon completion thereof, transfer of title would occur for the respective Equipment to the benefit of the Customer at which point Miraclon will no longer be responsible for any Equipment warranty.
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Related to Equipment Transfer of Title

  • Transfer of Title Each party agrees that all right, title and interest in and to any Eligible Credit Support, Equivalent Credit Support, Equivalent Distributions or Interest Amount which it transfers to the other party under the terms of this Annex shall vest in the recipient free and clear of any liens, claims, charges or encumbrances or any other interest of the transferring party or of any third person (other than a lien routinely imposed on all securities in a relevant clearance system).

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