Common use of OWNERSHIP AND STATUS OF EQUIPMENT Clause in Contracts

OWNERSHIP AND STATUS OF EQUIPMENT. The equipment will be deemed to be personal property, regardless of the manner in which it may be attached to any other property. The Company shall be deemed to have retained title to the equipment at all times, unless the Company transfers the title by sale. The Customer shall immediately advise the Company regarding any notice of any claim, levy, lien, or legal process issued against the equipment.

Appears in 5 contracts

Samples: Equipment Rental, Equipment Rental Contract, Equipment Rental

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OWNERSHIP AND STATUS OF EQUIPMENT. The equipment will be deemed to be personal propertyprop- erty, regardless of the manner in which it may be attached to any other property. The Company shall be deemed to have retained title to the equipment at all times, unless the Company transfers the title by sale. The Customer shall immediately advise the Company regarding any notice of any claim, levy, lien, or legal process issued against the equipment.

Appears in 2 contracts

Samples: Equipment Rental Agreement, Equipment Rental Agreement

OWNERSHIP AND STATUS OF EQUIPMENT. The equipment will be deemed to be personal property, regardless of the manner in which it may be attached to any other property. The Company Lender shall be deemed to have retained title to the equipment at all times, unless the Company Lender transfers the title by sale. The Customer Borrower shall immediately advise the Company Lender regarding any notice of any claim, levy, lien, or legal process issued against the equipment.

Appears in 2 contracts

Samples: Sport Equipment Loan Agreement, Sport Equipment Loan Agreement

OWNERSHIP AND STATUS OF EQUIPMENT. The equipment will be deemed to be personal property, regardless of the manner in which it may be attached to any other property. The Company Owner shall be deemed to have retained title to the equipment at all times, unless the Company Owner transfers the title by sale. The Customer Lessee shall immediately advise the Company Owner regarding any notice of any claim, levylxxx, lien, xxxx or legal process issued against the equipment.

Appears in 1 contract

Samples: Equipment Lease and Operating Agreement (Whitewing Environmental Corp)

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OWNERSHIP AND STATUS OF EQUIPMENT. The equipment will be deemed to be personal property, regardless of the manner in which it may be attached to any other property. The Company Owner shall be deemed to have retained title to the equipment at all times, unless the Company Owner transfers the title by sale. The Customer Renter shall immediately advise the Company Owner regarding any notice of any claim, levy, lien, or legal process issued against the equipment.

Appears in 1 contract

Samples: Rental Agreement

OWNERSHIP AND STATUS OF EQUIPMENT. The equipment will be deemed to be personal property, regardless of the manner in which it may be attached to any other property. The Company shall be deemed to have retained title to the equipment at all times, unless the Company transfers the title by sale. The Customer Renter shall immediately advise the Company regarding any notice of any claim, levy, lien, or legal process issued against the equipment.

Appears in 1 contract

Samples: Equipment Rental Contract (Strong Solutions Inc.)

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