Common use of Ownership, Control and Liens Clause in Contracts

Ownership, Control and Liens. Unless Funding Recipient first obtains the City’s written consent, Funding Recipient shall not: (a) transfer ownership or control (by sale, lease, loan or otherwise) in and to any City-Funded Equipment to any Person, (b) dispose of or exchange any City-Funded Equipment, or (c) create, permit or suffer to exist any Lien against any City-Funded Equipment, except Liens in favor of the City and Permitted HUD Liens.

Ownership, Control and Liens. Unless Funding Recipient first obtains the City’s written consent, Funding Recipient shall not: (a) transfer ownership or control (by sale, lease, loan or otherwise) in and to any City-Funded Equipment Vehicles to any Person, (b) dispose of or exchange any City-Funded EquipmentVehicles, or (c) create, permit or suffer to exist any Lien against any City-Funded EquipmentVehicles, except Liens in favor of the City and Permitted HUD LiensCity.