Common use of No Passage of Title Clause in Contracts

No Passage of Title. This agreement is a lease, and the Lessee does not acquire hereby any right, title, or interest whatsoever, legal or equitable, in the Aircraft or to the proceeds of the sale of the Aircraft except its interests as the Lessee under this lease.

Appears in 3 contracts

Samples: Aircraft Lease (St John Knits Inc), Aircraft Lease (St John Knits Inc), Aircraft Lease (St John Knits International Inc)

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No Passage of Title. This agreement Agreement is, and is intended to be a lease, and the Lessee does not acquire hereby by this lease any right, title, or interest amount whatsoever, legal or equitable, in the Aircraft or to the proceeds of the sale of the Aircraft Aircraft, except its interests interest as the Lessee under this leaseLease.

Appears in 3 contracts

Samples: Aircraft Lease (Semitool Inc), Lease Agreement (Semitool Inc), Aircraft Lease (Semitool Inc)

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No Passage of Title. This agreement is a lease, and the Lessee does not acquire hereby any right, title, or interest amount whatsoever, legal or equitable, in the Aircraft aircraft or to the proceeds of the sale of the Aircraft except its interests as the Lessee under this leaseaircraft.

Appears in 1 contract

Samples: Lease Agreement (Horizon Medical Products Inc)

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