Ownership and Use of Assets. 15.1 Subject to this Clause 15 title and ownership of the Assets and Materials will vest in the Institutions in such manner as to be determined amongst themselves. Save as provided in Clauses 15.2, 15.3, and 15.4, the Assets and Materials shall be used only for the Research. All Assets shall be physically located in Singapore or other locations approved by the Grantor and maintained within the control of the applicable Institutions during the Term.
Ownership and Use of Assets. 18.1 Subject to the provisions of this clause 18, the title and ownership of the Assets and Materials will vest in the Institutions as determined by them. Save as provided in clauses 18.2, 18.3 and 18.4, the Assets and Materials shall be used only for the Research. All Assets and Materials shall be physically located in Singapore.
Ownership and Use of Assets. Seller is the lawful owner of, and has the right to use and transfer to Buyer, the Purchased Assets; Seller owns each of the Purchased Assets free and clear of all liens, security interests or other claims or encumbrances; the delivery to Buyer of the instruments of transfer of ownership contemplated by this Agreement will vest good and marketable title to the Purchased Assets in Buyer, free and clear of all liens, security interests and other claims and encumbrances; and the Purchased Assets that consist of machinery, equipment or other tangible personal property or fixtures will be free of material defects, commercially usable and in good operating condition and repair. The leased or rented equipment of Seller is subject to the rights of the lessors/owners of such equipment.
Ownership and Use of Assets. 1. The Union shall be the owner of all tangible and intangible assets which form part of the governmental infrastructure developed under this Programme as referred to in Articles 5(2) and 19(10), with the exception of the national EuroQCI terrestrial infrastructure, which shall be owned by the Member States. To that effect, the Commission shall ensure that contracts, agreements and other arrangements concerning activities that may result in the creation or development of such assets contain provisions ensuring the Union’s ownership of those assets.
Ownership and Use of Assets. 16.1. Upon the expiry or termination of the Grant Agreement or end of the Research (whichever is later) and until DD MMM YYYY, five (5) years from start of the Term, the Grantor or the Appointee may require the Institution to grant access for the use of any of the Assets and Materials by the Grantor or the Appointee or any party identified by the Grantor or the Appointee (“Identified Party”) at no charge to the Grantor and the Appointee. The access right is subject to the provision of prior written notice of at least fourteen (14) days by the Grantor, the Appointee or the Identified Party. This provision is for the benefit of the Grantor, the Appointee and each Identified Party, and the Appointee and such Identified Party may enforce this provision as though it were a party to the Grant Agreement. The consents of the Appointee and such Identified Parties are not needed for the variation or rescission of the Grant Agreement.
Ownership and Use of Assets. 32 20.1 OWNERSHIP OF ASSETS............................................................... 32 20.2 EXCLUSIVE USE OF ASSETS........................................................ 32 20 .3 USE OF ASSETS EXCLUSIVELY OWNED BY THE PARTIES................. 32 20.4 TRANSFER AND SELLING OF ASSETS BELONGING TO FIRST PARTY.......................................................................................... 32 20.5 EXCHANGE OF ASSETS..... .. ... .. ... .. . .. ...... ........ ...... ..... ........... 32
Ownership and Use of Assets. Sellers (a) have good and valid (and, in the case of Owned Real Property, marketable) title to all of the Assets or valid leasehold interests in the Leased Real Property or a valid leasehold interest or other legal right to use other Assets which are leased to or used by a Seller pursuant to an Assumed Contract, as applicable, in each case, free and clear of all encumbrances, except for Permitted Encumbrances and (b) to Sellers’ Knowledge, have Easements entitling Sellers or their Affiliates to maintain and operate the Pipelines in all material respects as the Pipelines are operated as of the Effective Date.
Ownership and Use of Assets. Each of HS and HP is the lawful owner, lessee, or sublessee of each of the assets that is used in its business. Each of HS and HP owns, leases, or subleases such assets free and clear of all liens, security interests, or other claims or encumbrances, except as otherwise described in this Agreement. All such assets that consist of machinery, equipment, motor vehicles, or other tangible personal property or fixtures are free of material defects, are commercially usable and are in good operating condition and repair, ordinary wear and tear excepted.
Ownership and Use of Assets. Except as set forth in Schedule 2.17 attached hereto: (i) each of Maui Fresh and the LLC is the lawful owner or lessee of each of the assets that is used in its business; (ii) each of Maui Fresh and the LLC owns or leases such assets free and clear of all liens, security interests or other claims or encumbrances; and (iii) such assets that consist of machinery, equipment, motor vehicles or other tangible personal property or fixtures are free of material defects, are commercially usable and are in good operating condition and repair, ordinary wear and tear excepted.
Ownership and Use of Assets. 6.2.1 All assets that are treated as “owned assets” in the September 2016 balance sheet within the Accounts or acquired by any of the Group Companies since the Accounts Date or the relevant reference date therefor, as the case may be, other than any assets disposed of or realised in the ordinary course of business consistent with the past practice, and excepting rights and retention of title arrangements arising by operation of law in the ordinary course of business consistent with the past practice:
