Common use of INVESTMENT AND OWNERSHIP OF BUSES Clause in Contracts

INVESTMENT AND OWNERSHIP OF BUSES. 10.2.1 The investment towards procurement of Buses shall be made by the [Operator]23; 10.2.2 Subject to the terms of this Contract, the ownership of the Buses shall at all times remain solely vested with the [Operator]24 during the Contract Period; 10.2.3 All the Buses shall be registered in the name of the [Operator]25, and at no time during the Contract Period shall any right, title, or interest over any of the Buses vest in the [Authority]26; 10.2.4 [It is hereby clarified that the Operator only has a limited right to operate and maintain the Buses for the sole purpose of implementation of this Contract and the Operator will have no other right whatsoever in relation to such Buses, without the prior written permission of the Authority.]27

INVESTMENT AND OWNERSHIP OF BUSES. 10.2.1 The investment towards procurement of Buses shall be made by the [Operator]23Authority; 10.2.2 Subject to the terms of this Contract, the ownership of the Buses shall at all times remain solely vested with the [Operator]24 Authority during the Contract Period; 10.2.3 All the Buses shall be registered in the name of the [Operator]25Authority, and at no time during the Contract Period shall any right, title, or interest over any of the Buses vest in the [Authority]26Operator; 10.2.4 [It is hereby clarified that the Operator only has a limited right to operate and maintain the Buses for the sole purpose of implementation of this Contract and the Operator will have no other right whatsoever in relation to such Buses, without the prior written permission of the Authority.]27Authority.

INVESTMENT AND OWNERSHIP OF BUSES. 10.2.1 The investment towards procurement of Buses shall be made by the [Operator]23Operator]24; 10.2.2 Subject to the terms of this Contract, the ownership of the Buses shall at all times remain solely vested with the [Operator]24 Operator]25 during the Contract Period; 10.2.3 All the Buses shall be registered in the name of the [Operator]25Operator]26, and at no time during the Contract Period shall any right, title, or interest over any of the Buses vest in the [Authority]26Authority]27; 10.2.4 [It is hereby clarified that the Operator only has a limited right to operate and maintain the Buses for the sole purpose of implementation of this Contract and the Operator will have no other right whatsoever in relation to such Buses, without the prior written permission of the Authority.]27Authority.]28