Ownership 4 Sample Clauses

Ownership 4. 1 Oxygen equipment shall remain the sole property of Afrox at all times and are never sold, excluding accessory items. The customer/surety shall not sell or part with possession of the oxygen equipment except when returning to Afrox and therefore the customer must insist on a valid receipt of return. 4.2 If this agreement is terminated for any reason, the customer shall within 48 hours from the date of termination, return the equipment to Afrox to prevent further rental charges. 4.3 In the event of death of the customer, the surety/next of kin shall within 48 hours from the date of death notify Afrox and return the equipment to Afrox within 7 days after death. 4.4 At the termination of the hire, it is the responsibility of the Lessee to return the oxygen equipment in a good condition taking into account normal wear and tear. 4.5 The Customer/Surety shall be responsible for the full replacement cost of any damage or loss of the oxygen equipment. It is to the discretion of the customer to adequately insure equipment whilst in their possession. 5. Risk 5.1 Risk in the oxygen equipment will pass to the customer when the customer takes possession of the oxygen equipment and the customer acknowledges that the collection / acceptance of any oxygen equipment from Afrox shall be at its own risk and personal responsibility needs to be taken for transporting and handling the load safely. 5.2 Afrox is not responsible for any injury, damage or death to any person or property as a result of smoking by the Customer or a fire hazard in proximity to the oxygen equipment. Afrox will therefore not accept responsibility if the oxygen equipment is handled in an unsafe manner. 6. Payment terms 6.1 The customer specifically acknowledges that in the event the medical scheme fails to pay for oxygen equipment for whatever reason, the customer is personally responsible for payment thereof and such payment shall be made within thirty (30) days ( due date) of the production of an invoice by Xxxxx. 6.2 Any short payments/rejection or unauthorized purchases not settled by the medical Aid during trading will be the responsibility of the patients account and must be settled within thirty (30) days (due date) of the production of an invoice by Afrox. 7.
Sample 1
AutoNDA by SimpleDocs
Ownership 4. Compensation (but only to the extent that such compensation terms would normally apply to other surviving Agreement provisions (e.g. - License Grants), 5. Maintenance and Support Obligations, 7. Intellectual Property Indemnification; 9. Confidentiality and Non-disclosure, and 10. General Provisions. Additionally, Intel shall have the right to possess and use a reasonable number of archive copies of the Licensed Deliverables for the sole purpose of providing end user customer support and maintenance for the Intel Integrated Product(s) following any expiration or termination of the Agreement.
Sample 1
Ownership 4. 6.1. Novistar shall retain all right, title and interest to the Intellectual Property Rights in the Novistar Programs. Oracle shall retain all right, title and interest to the Intellectual Property Rights in the Oracle Financial Programs. Except as provided in Section 4.6.2 below, ownership rights relating to modifications, enhancements, or any other derivative works of each party's Programs shall be as set forth in the Services Subcontract Agreement attached as Exhibit D. 4.6.2
Sample 1
Ownership 4 
Sample 1

Related to Ownership 4

  • Ownership Rights Nothing contained in this Agreement shall be construed as (a) establishing or granting to Registry Operator any property ownership rights or interests of Registry Operator in the TLD or the letters, words, symbols or other characters making up the TLD string, or (b) affecting any existing intellectual property or ownership rights of Registry Operator.

  • Ownership Ownership of the Deposits during the effective term of the Registry Agreement shall remain with Registry Operator at all times. Thereafter, Registry Operator shall assign any such ownership rights (including intellectual property rights, as the case may be) in such Deposits to ICANN. In the event that during the term of the Registry Agreement any Deposit is released from escrow to ICANN, any intellectual property rights held by Registry Operator in the Deposits will automatically be licensed to ICANN or to a party designated in writing by ICANN on a non-­‐exclusive, perpetual, irrevocable, royalty-­‐free, paid-­‐up basis, for any use related to the operation, maintenance or transition of the TLD.

  • Share Ownership No officer or director or any direct or indirect beneficial owner (including the Insiders) of any class of the Company’s unregistered securities is an owner of shares or other securities of any member of FINRA participating in the Offering (other than securities purchased on the open market).

  • Ownership/No Claims Each Loan Party owns, or is licensed to use, all patents, patent applications, trademarks, trade names, servicemarks, copyrights, technology, trade secrets, proprietary information, domain names, know-how and processes necessary for the conduct of its business as currently conducted (the "INTELLECTUAL PROPERTY"), except for those the failure to own or license which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. No claim has been asserted and is pending by any person challenging or questioning the use of any such Intellectual Property or the validity or effectiveness of any such Intellectual Property, nor does any Loan Party know of any valid basis for any such claim, in each case that could reasonably be expected to result in a Material Adverse Effect. The use of such Intellectual Property by each Loan Party does not infringe the rights of any person, except for such claims and infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

  • Ownership by Company If, during Executive’s employment by Company, Executive creates any work of authorship fixed in any tangible medium of expression that is the subject matter of copyright (such as videotapes, written presentations, or acquisitions, computer programs, E-mail, voice mail, electronic databases, drawings, maps, architectural renditions, models, manuals, brochures, or the like) relating to Company’s business, products, or services, whether such work is created solely by Executive or jointly with others (whether during business hours or otherwise and whether on Company’s premises or otherwise), including any Work Product, Company shall be deemed the author of such work if the work is prepared by Executive in the scope of Executive’s employment; or, if the work is not prepared by Executive within the scope of Executive’s employment but is specially ordered by Company as a contribution to a collective work, as a part of a motion picture or other audiovisual work, as a translation, as a supplementary work, as a compilation, or as an instructional text, then the work shall be considered to be work made for hire and Company shall be the author of the work. If such work is neither prepared by Executive within the scope of Executive’s employment nor a work specially ordered that is deemed to be a work made for hire, then Executive hereby agrees to assign, and by these presents does assign, to Company all of Executive’s worldwide right, title, and interest in and to such work and all rights of copyright therein.

  • Company Ownership Company will own its respective right, title, and interest, including Intellectual Property Rights, in and to the Company Data. Company hereby grants BNYM a limited, nonexclusive, nontransferable license to access and use the Company Data, and consents to BNYM's permitting access to, transferring and transmitting Company Data, all as appropriate to Company's use of the Licensed Rights or as contemplated by the Documentation.

  • Ownership and Control All components of the Placer County Technology Platform, including voicemail, email messages sent and received, files and records created or placed on any County file server, and all data placed onto or accessed by the County’s computer network including internet access, are and remain either the property of or under the control of Placer County and not the User.

  • Equity Ownership All issued and outstanding Capital Securities of the Borrower and each of its Subsidiaries are duly authorized and validly issued, fully paid, non-assessable, and free and clear of all Liens other than those in favor of the Bank, if any. As of the date hereof, there are no pre-emptive or other outstanding rights, options, warrants, conversion rights or other similar agreements or understandings for the purchase or acquisition of any Capital Securities of the Borrower and each of its Subsidiaries.

  • Ownership Interest 26 Pass-Through Rate.......................................................................................26

Time is Money Join Law Insider Premium to draft better contracts faster.