Ownership of Deposits. The parties recognize and acknowledge that ownership of the Deposits during the effective term of this Escrow Agreement shall remain with Registry Operator at all times.
Ownership of Deposits. System Owner shall retain all right and ownership to any deposit made by System Owner to reserve for the System, or ensure the System’s participation in, any Environmental Financial Incentive, and Host Customer shall transfer, assign or pay to System Owner any amount of such deposit made by System Owner but refunded to Host Customer by the Host Utility or other such applicable agency or program.
Ownership of Deposits. Ownership of the Deposits during the effective term of the Registry Agreement shall remain with Registry Operator at all times. Thereafter, Registry Operator shall assign any such ownership rights (including intellectual property rights, as the case may be) in such Deposits to ICANN. In the event that during the term of the Registry Agreement any Deposit is released from escrow to ICANN pursuant to this Agreement, any intellectual property rights held by Registry Operator in the Deposits will automatically be licensed on a non-exclusive, perpetual, irrevocable, royalty-free, paid-up basis to ICANN or to a party designated in writing by ICANN.
