Common use of OWNERSHIP AND INSPECTION Clause in Contracts

OWNERSHIP AND INSPECTION. This is an agreement for leasing only. Leasing Entity will acquire no right, title or interest in or to the Leased Equipment, except those of a Lessee, as detailed in this MLA. Lessor covenants that it has good title to the Leased Equipment. Title of the Leased Equipment at all times shall remain in the Lessor's name. Leasing Entity shall keep the Leased Equipment free from any and all liens or claims and shall do or permit no act or thing whereby Lessor's title may be encumbered or impaired.

Appears in 4 contracts

Samples: Master Agreement, Equipment Lease Agreement, Equipment Lease Agreement

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