Ownership of Fixed Assets Sample Clauses

Ownership of Fixed Assets. The Parties acknowledge that the Fixed Assets are owned by Customer, but shall be located in the Supplier Facility and used by Supplier to manufacture the Products hereunder throughout the Term. Supplier will use reasonable care in operating and maintaining the Fixed Assets in an acceptable state of repair and operating efficiency so as to meet the Specifications, and Supplier shall pay for all out-of-pocket costs incurred to perform routine repairs, replacement or maintenance of the Fixed Assets to the extent required as a result of Supplier’s gross negligence or willful misconduct.
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Ownership of Fixed Assets free from third party rights (a) Save for assets held under Lease Agreements, Small Lease Agreements and Permitted Security Interests (as defined in paragraph 5.2(b) below), each of the assets included in the Accounts (other than the Properties and current assets subsequently disposed of or realised in the ordinary course of business) are owned both legally and beneficially by the Company free from any Security Interest and any third party rights and, if capable of possession, is in its possession. (b) For the purposes of this paragraph, Permitted Security Interest means: (i) any lien arising in the ordinary course of business to secure amounts which are not material; (ii) any unpaid vendor’s or supplier’s lien arising in the ordinary course of business to secure amounts due for goods or services sold or supplied; and (iii) liens arising by operation of law, including a banker’s lien.
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Ownership of Fixed Assets. The Group Companies together own absolutely both legally and beneficially free from any Security Interest all the fixed assets listed in the Disclosure Letter.
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Ownership of Fixed Assets. Ownership of fixed assets is in the party purchasing the asset. Actions and decisions addressing these fixed assets such as installation, preventative or deferred maintenance, routine maintenance, surplus and removal will be solely vested in the owner of the fixed asset. The owner is encouraged, but not required, to consult with the other Parties if its actions or decisions will have any impact upon the cooperative use of the asset.
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Ownership of Fixed Assets. The parties agree that the equipment and fixed assets invested in by Party B include all the equipment leased to other companies and placed in machine room of TieTong, and the equipment fixed assets invested in by the parties at any time shall be the property of the investing party, neither party shall mortgage, sell or otherwise gain benefits from the equipment of the other party. Upon the completion of the accounts settlement in case of termination of this Agreement, Party A shall have obligation to cooperate with Party B to dismantle and move the equipment of Party B after the termination of this Agreement.
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Ownership of Fixed Assets. 14.1 All fixed assets (other than the Property and landlords’ fixtures, but including the tenant’s fixtures at the Property) used or held by each Group Company are: 14.1.1 legally and beneficially owned by the relevant Group Company (except for assets held by the relevant Group Company under leasing, hiring, hire purchase, conditional sale or credit sale agreements or similar arrangements); 14.1.2 used exclusively by the Group Companies (other than fixtures at the Properties subject to Tenancies); and 14.1.3 (where capable of possession) in the exclusive possession or under the direct control of a Group Company (other than fixtures at the Properties subject to Tenancies). 14.2 The Disclosed Information contains full and accurate details (or copies) of each finance leasing, hire purchase, conditional sale or credit sale agreement or similar arrangements under which any material fixed asset (other than the Property) is used or held by any Group Company. 14.3 No Group Company has given, created or granted any present or future Encumbrance affecting any of its assets, undertaking or goodwill, or agreed to do so. No Person has claimed to be entitled to any such Encumbrance.
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Ownership of Fixed Assets. On the expiry of the duration of the term of the Joint Venture Company, if Parties agree to not extend its duration and under the condition that Party B has already recouped its investment, the fixed assets of the Joint Venture Company will revert to the ownership of Party A.
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Ownership of Fixed Assets. All machinery, equipments and facilities (including equipment information and all file data, spare parts and office supplies of target enterprise) in the target enterprise plant.
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Related to Ownership of Fixed Assets

  • Ownership of Records All records required to be maintained and preserved by the Corporation or Fund pursuant to the provisions of rules or regulations of the Securities and Exchange Commission under Section 31(a) of the Act and maintained and preserved by the Manager on behalf of the Corporation or Fund, as appropriate, are the property of the Corporation or Fund, as appropriate, and will be surrendered by the Manager promptly on request by the Corporation or Fund, as appropriate.

  • OWNERSHIP OF THE ASSETS LNY will have exclusive and absolute ownership and control of its assets, including all assets in the Variable Account.

  • Ownership of Equipment Any equipment purchased by or furnished to the Grantee by the State under this grant agreement is provided on a loan basis only and remains the property of the State.

  • Ownership of Company Property The Company’s assets shall be deemed owned by the Company as an entity, and the Member shall have no ownership interest in such assets or any portion thereof. Title to any or all such Company assets may be held in the name of the Company, one or more nominees or in “street name”, as the Member may determine.

  • Ownership of Marks Each party acknowledges and agrees that (a) the other party's Marks are and shall remain the sole property of the other party, (b) nothing in the Agreement shall confer in a party any right of ownership or license rights in the other party's Marks, and (c) neither party shall register the other party's Marks in any jurisdiction. In addition, Licensee acknowledges and agrees that (i) the Marks of Third-Party Licensors are and shall remain the sole property of such Third- Party Licensors, (ii) nothing in the Agreement shall confer in Licensee any right of ownership or license rights in the Marks of Third-Party Licensors, and (iii) Licensee shall not register the Marks of Third-Party Licensors. Without limiting the generality of the foregoing, Licensee agrees not to use or adopt any trade name, trademark, logo or service mark which is so similar to Fannie Mae's Marks or the Marks of Third-Party Licensors as to be likely to cause deception or confusion, or which is graphically or phonetically similar to any of Fannie Mae's Marks or the Marks of Third-Party Licensors.

  • Ownership of Material Copyright in the pages and in the screens displaying the pages, and in the information and material therein and in their arrangement, is owned by Profinium and/or its Service Providers unless otherwise indicated. All registered and unregistered trademarks used in the Service are the sole property of their respective owners. Unauthorized reproduction in whole or part is prohibited.

  • Ownership of Software The Parties acknowledge that any software provided by the Authority is and remains the property of the Authority.

  • Ownership of Data All Data transmitted to the Operator pursuant to the Service Agreement is and will continue to be the property of and under the control of the LEA. The Operator further acknowledges and agrees that all copies of such Data transmitted to the Operator, including any modifications or additions or any portion thereof from any source, are subject to the provisions of this DPA in the same manner as the original Data. The Parties agree that as between them, all rights, including all intellectual property rights in and to Data contemplated per the Service Agreement shall remain the exclusive property of the LEA.

  • Ownership of Assets The Company and its subsidiaries have good and marketable title to all property (whether real or personal) described in the Registration Statement, in the Time of Sale Disclosure Package and in the Prospectus as being owned by them, in each case free and clear of all liens, claims, security interests, other encumbrances or defects except such as are described in the Registration Statement, in the Time of Sale Disclosure Package and in the Prospectus. The property held under lease by the Company and its subsidiaries is held by them under valid, subsisting and enforceable leases with only such exceptions with respect to any particular lease as do not interfere in any material respect with the conduct of the business of the Company or its subsidiaries.

  • Ownership of Seller Credit Acceptance is the sole owner of the membership interests of the Seller, all of which are fully paid and nonassessable and owned of record, free and clear of all mortgages, assignments, pledges, security interests, warrants, options and rights to purchase.

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