Ownership and Custody of Company Assets Sample Clauses

Ownership and Custody of Company Assets. (a) All property, real and personal (excluding the Crown Intellectual Property), held, developed, constructed, or acquired by or on behalf of the Company pursuant to this Agreement or the LLC Operating Agreement shall be owned by the Company, and the Operator shall not have any ownership, title, or interest therein except to the extent that the Operator has an interest as a Member under the LLC Operating Agreement. All equipment, (including the Company's interest as lessee under equipment leases) buildings, improvements, Products, properties, contract rights, Licenses, and other things acquired by the Operator for the Company shall be Assets of the Company irrespective of whether the Operator or the Company actually holds title. (b) The Operator shall have possession, custody, and control of the Assets for the use and benefit of the Company in accordance with the terms of this Agreement. (c) Except as permitted by this Agreement or unless authorized by the Management Committee or by an approved Annual Operating Plan, the Operator shall not mortgage, pledge, charge, encumber, create any lien upon or trust in, lease, sublease, or otherwise dispose of any Assets, the Project or any other real or personal property whatsoever or any contractual or other rights in which any Member or the Company has an interest, or acquire or contract to acquire any property for any Member or the Company under any conditional sales agreement or other title retention agreement or any property which is subject to any Encumbrance (other than any charge permitted by the LLC Operating Agreement) at the time of acquisition thereof; and the Operator shall take prompt action within the limits of available funds in the Operations Account to remove any Encumbrance arising or existing by operation of Law on or over any such right or property of any Member or the Company.
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Related to Ownership and Custody of Company Assets

  • Ownership and Risk of Loss You will own the Device and bear all risk of loss of, theft of, casualty to or damage to the Device, from the time it is shipped to you until the time (if any) when it is returned to us in accordance with this Agreement.

  • Ownership and Use (A) Unless CITY states otherwise in writing, each document— including, but not limited to, each report, draft, record, drawing, or specification (collectively, “work product”)— that CONSULTANT prepares, reproduces, or causes its preparation or reproduction for this Agreement is CITY’s exclusive property. (B) CONSULTANT acknowledges that its use of the work product is limited to the purposes contemplated by the Scope of Work. CONSULTANT makes no representation of the work product’s application to, or suitability for use in, circumstances not contemplated by the Scope of Work.

  • 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.

  • Ownership and Title Motorola, its licensors, and its suppliers retain all of their proprietary rights in any form in and to the Software and Documentation, including, but not limited to, all rights in patents, patent applications, inventions, copyrights, trademarks, trade secrets, trade names, and other proprietary rights in or relating to the Software and Documentation (including any corrections, bug fixes, enhancements, updates, modifications, adaptations, translations, de-compilations, disassemblies, emulations to or derivative works from the Software or Documentation, whether made by Motorola or another party, or any improvements that result from Motorola’s processes or, provision of information services). No rights are granted to Licensee under this Agreement by implication, estoppel or otherwise, except for those rights which are expressly granted to Licensee in this Agreement. All intellectual property developed, originated, or prepared by Motorola in connection with providing the Software, Designated Products, Documentation or related services, remains vested exclusively in Motorola, and Licensee will not have any shared development or other intellectual property rights.

  • Ownership and Location of Metering Equipment The Metering Equipment to be constructed, the capability of the Metering Equipment to be constructed, and the ownership thereof, are identified on the attached Schedule C to this ISA.

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  • Ownership of Company Property The Company’s assets shall be deemed owned by the Company as an entity, and the Member shall have no ownership interest in such assets or any portion thereof. Title to any or all such Company assets may be held in the name of the Company, one or more nominees or in “street name”, as the Member may determine.

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  • Ownership and Licenses 54 Section 16.01 Property damage.....................................................................................................................55 Section 16.02 Risk of Loss.............................................................................................................................55 Section 16.03 Limitation of HHSC’s Liability..................................................................................................55 Section 17.01 Insurance Coverage................................................................................................................55 Section 17.02 Performance Bond..................................................................................................................57 Section 17.03 TDI Fidelity Bond.....................................................................................................................57

  • OWNERSHIP AND USE OF DELIVERABLES The City shall own all rights, titles, and interests throughout the world in and to the deliverables.

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