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.
15.2 The Institutions shall permit Approved Third Parties to access and use the Assets at no charge upon prior appointment provided that: (i) such access and use shall be subject to the availability of the Assets and there are no third party licensing terms restricting such use; and (ii) the Institutions shall be entitled to impose charges for the supply of materials, other services and utilities charges connected with the use of the Assets by the Approved Third Parties.
15.3 The Institutions may allow its employees to use the Assets for purposes other than the Research provided always that such use shall: (i) be allowed only during the times when the Assets are not being used for the Research; and (ii) not impede the Institutions from meeting its obligations and undertakings under this Contract.
15.4 Upon the expiry or termination of this Contract and for a period of five (5) years thereafter, Grantor may require the Institutions to grant access for the use of any of the Assets by Grantor or any party identified by Grantor at no charge to the Grantor.
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 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 and maintained within the control of the applicable Institutions during the Term.
15.2 The Institutions shall permit Approved Third Parties to access and use the Assets at no charge upon prior appointment provided that: (i) such access and use shall be subject to the availability of the Assets and there are no third party licensing terms restricting such use; and (ii) the Institutions shall be entitled to impose charges for the supply of materials, other services and utilities charges connected with the use of the Assets by the Approved Third Parties.
15.3 The Institutions may allow its employees to use the Assets for purposes other than the Research provided always that such use shall; (i) be restricted to research and development work within the Institutions; (ii) be allowed only during the times when the Assets are not being used for the Research; and (iii) not impede the Institutions from meeting its obligations and undertakings under this Contract.
15.4 Upon expiry or termination of this Contract and for a period of five (5) years thereafter, AI Singapore may require the Institutions to grant access for the use of any of the Assets and Materials by AI Singapore or any party identified by AI Singapore at no charge to AI Singapore.
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.
18.2 At the reasonable request of A*STAR or any other local publicly funded research institute, research centre or other specialty centre, university, polytechnic (‘Approved Third Parties’) the Assets shall (during the course of and after completion of the Research) be made accessible to the Approved Third Parties at no charge except that; (i) such use of the equipment and accessories is subject to availability; and (ii) the Institutions shall be entitled to impose charges for the supply of materials, other services and utilities charges connected with the use of the Assets by the Approved Third Parties.
18.3 The Institutions may allow its employees not otherwise involved in the Research to use the Assets for purposes other than the Research; Provided Always that such use shall; (i) be restricted to R&D work within the Institutions; or (ii) be allowed only during the times that the Assets are not being used for the Research; and (iii) will not affect or otherwise prejudice the obligations and undertakings of the Institutions as contemplated under this Agreement.
18.4 At the end of the Research, A*STAR shall have the option to require the Institutions to transfer ownership or make available the use of any of the Assets and Materials to A*STAR or any other person or body at no cost.
18.5 All fees, charges, xxxxxx collected by the Institutions from the use of the Assets shall be accounted to A*STAR.
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. 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.
15.2. The Institutions shall permit Approved Third Parties to access and use the Assets at no charge upon prior appointment provided that: (i) such access and use shall be subject to the availability of the Assets and there are no third party licensing terms restricting such use; and
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:
(i) are owned by the Group Companies;
(ii) are, where capable of possession, in the possession or under the control of the relevant Group Company; and
(iii) free from Encumbrances.
6.2.2 Each of the Group Companies has a right to lawfully use all the assets (including, if applicable, properties but excluding any Intellectual Property Rights) used but not owned by it.
6.2.3 All tangible assets with a value over US$200,000 and which are owned or used by the Group Companies or for conducting the CFB Business are, subject to normal wear and tear, in good repair and condition and in reasonable working order having regard to their age and use.
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. 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.
