Common use of Ownership and Security Interests Clause in Contracts

Ownership and Security Interests. a. Ownership-Customer acknowledges that OxygenToGo® is and shall remain the owner of the Equipment until title is conveyed to the Customer by an attached separate sale agreement. Customer will protect OxygenToGo® ownership rights against claims, liens and other encumbrances by Customer’s creditors or other claimants against Customer. Customer will not remove, obliterate or obscure markings, which identify OxygenToGo® as owner of the Equipment. b. Security Interest - Customer will execute and deliver to OxygenToGo® documents and forms, which are reasonably necessary or desirable to protect OxygenToGo®s ownership and interest in the Equipment, including finance statements under the Uniform Commercial Code.