Ownership and Security Interest. Title to the Equipment shall remain at all times exclusively vested in Strad. Equipment shall at all times be properly marked as the property of Strad. Lessee covenants and agrees that it shall not remove, modify, alter or in any way deface Strad’s trade name, markings or serial numbers that appear on, or are located on the Equipment. Lessee grants Strad authority to file a UCC financing statement to protect its interest in the Equipment. To secure Lessee’s obligations, Lessee grants to Strad a continuing security interest in any interest Lessee has in the Equipment, in all proceeds thereof (including proceeds of insurance) and in any rental payments receivable on any sublease Strad permits. Lessee agrees Strad has all rights of a secured party under the Uniform Commercial Code of any applicable jurisdiction in addition to any other rights Strad possesses under applicable law. To the extent the Rental Contract creates a security interest, such security interest is a purchase-money security interest (as “security interest” and “purchase-money security interest” are used by Applicable Laws).
Ownership and Security Interest. Upon completion of each contribution and transfer described in Sections 1.01(a), 1.01(b) and 1.02(a) and the grant of the security interest described in Section 1.02(b), (i) the Issuer will be the legal owner of the related Leases (including all Related Interests), (ii) the Seller will have good title to each item of related Equipment, and (iii) the Issuer will have a valid security interest in all of the Seller's right, title and interest in and to in each item of related Equipment.
Ownership and Security Interest. 16 3.04 Title to Leases and Equipment.........................................................................16 3.05
Ownership and Security Interest. 4.1. Ownership Customer acknowledges that Provider, or its assignee, is and shall re- main the owner of the System and all renewable energy attributes (“Xxxxx- butes”), whether such attributes are environmental, distributed or capacity in nature. Attributes are defined as any public and/or utility-provided in- centives or payments, and include but are not limited to Renewable En- ergy Credits (“RECs”), Performance-Based Incentives (“PBIs”), Capacity- Based Incentives (“CBIs”) and any other existing or future incentives that may arise. Customer expressly acknowledges that Provider (or its assignee) is the owner of federal and state incentives accruing to the System (for example, the Louisiana 1086 SETC and the U.S. Treasury 1603 ITC Cash Grant). Ownership accrues to Provider in all instances, unless (i) Customer had no rights in such renewable energy attributes due to the receipt of renewable energy incentives, (ii) a waiver is expressly granted in writing to the Cus- tomer by Provider, or (iii) title is conveyed to the Customer by an attached separate agreement or addendum to this Agreement. Customer will protect Provider’s ownership rights against claims, liens and other encumbrances by Customer’s creditors or other claimants against Customer. Customer will not remove, obliterate or obscure mark- ings which identify Provider as owner of the System. Notwithstanding the previous sentence, any RECs that Customer must assign to Load Serving Entity (“LSE”) as a condition to receiving a PBI or CBI will remain property of Customer and Customer will assign them to LSE in exchange for such incentives using the form required by LSE.
Ownership and Security Interest. 20 3.04 Title to Leases and Equipment........................................................21 3.05 Transactions Legal, Binding and Authorized...........................................21
Ownership and Security Interest. Upon completion of the transfers described in Article I hereof, the Issuer will (i) be the legal owner of the Leases (including the right to receive all payments due or to become due thereunder), (ii) have good title to its interest in each item of the Equipment subject to any Lease [other than a Nominal Buy-Out Lease], and (iii) have a valid security interest in each item of Equipment subject to any Lease [other than a Nominal Buy-Out Lease]. At such time, the Leases (including the right to receive all payments due or to become due thereunder) and the Originator's interest in the Equipment will be free and clear of all Liens other than the rights of each Lessee under the Lease to which such Lessee is a party and the Lien created by the Indenture; and there will be no delinquent taxes or other outstanding charges affecting the Equipment which are or may be Liens prior to, or equal or coordinate with, the Lien of the Trustee under the Indenture.
Ownership and Security Interest. We will have either legal title to the Equipment during the term of the Lease. You agree to keep the Equipment free of all other liens and encumbrances on the legal title of the Equipment. To secure your performance of all your obligations to us under this Lease, you grant to us a security interest in the Equipment and any insurance or other proceeds derived from the Equipment.
Ownership and Security Interest. Further Assurances. ---------- --------------------------------------------------- Unless assigned by Lessor, or applicable law otherwise provides, title to and ownership of the Units shall remain in Lessor as security for the obligations of Lessee hereunder until Lessee has fulfilled all of its obligations hereunder. Lessee hereby grants to Lessor a continuing security interest in the Units to secure the payment of all sums due hereunder. Lessee confirms there is no pending litigation, tax claim, proceeding or dispute that may materially and adversely affect its financial condition or impair its ability to perform its obligations hereunder. Lessee will, at its expense, maintain its legal existence in good standing and do any further act and execute, acknowledge, deliver, file, register and record any further documents Lessor may reasonably request in order to protect Lessor's title to and security interest in the Units and Lessor's rights and benefits under this Lease.
Ownership and Security Interest. Seller will reasonably cooperate with Buyer to take the action Buyer deems reasonably necessary to transfer to Buyer all of Seller's right, title and interest in and to the Contracts free and clear of all claims, liens and encumbrances, including, but not limited to, notifying the Obligors and others of Buyer's ownership of the Contracts and first priority security interest in the manufactured homes, the delivery of all originals of the Contracts and Contract files to Buyer, the execution of assignments, financing statements, and certificates of title.
Ownership and Security Interest. Seller will reasonably cooperate with Buyer to take the action Buyer deems reasonably necessary to transfer to Buyer all of Seller’s right, title and interest in and to the Loans free and clear of all claims, liens and encumbrances, including, but not limited to, notifying the Obligors and others of Buyer’s ownership of the Loans and first priority security interest in the manufactured homes, the delivery of all originals of the Loans and Customer Files to Buyer, the execution of assignments, financing statements, and certificates of title. After the Closing Date, Buyer shall be solely responsible for making all necessary Consumer Disclosures and to notify the Obligors in writing to tender payments due under the Loans directly to Buyer.
