Ownership of Parts Sample Clauses

Ownership of Parts. Immediately upon any part's (including Modification Parts) becoming incorporated in, installed on or attached to the Airframe or any Engine, without further act (1) title to such part shall thereupon vest in Lessor, free and clear of all Liens (other than Permitted Liens), (2) such part shall become subject to the Lease Agreement and be deemed a "Part" of such Airframe or such Engine for all purposes hereof and (3) title to any replaced Part shall thereupon vest in Lessee, free and clear of all rights of Lessor and all Lessor Liens and shall no longer be deemed a Part hereunder, except that with respect to non-complying parts described in the last sentence of Section 2.3.1 of this Schedule 1 where such non-compliance is due to the failure to meet the requirements of Section 2.2.1.1 or 2.3.1.2 of this Schedule 1 and the parts described in Section 2.4.5 of this Schedule 1, title thereto shall not vest in Lessor. Lessee will at its own expense take all such steps and execute, and procure the execution of, all such instruments as Lessor may reasonably require and which are necessary to ensure that title so passes to Lessor according to all applicable laws. At any time when requested by Lessor, Lessee will provide evidence to Lessor's reasonable satisfaction (including the provision, if required, to Lessor of a legal opinion) that title has so passed to Lessor. All Parts (other than Modification Parts) at any time removed from the Airframe or any Engine shall remain the property of Lessor, no matter where located, until such time as such Parts shall be replaced by Parts which have been incorporated or installed in or attached to the Airframe or any Engine and which meet the requirements set forth in Section 2.3.1 of this Schedule 1. Upon any removal of Modification Parts pursuant hereto, title thereto shall, without further act, vest in Lessee free and clear of all rights of Lessor and all Lessor Liens, and such Modification Part shall no longer be deemed a Part hereunder.
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Ownership of Parts. All parts, for which BCI has supplied a replacement, shall become the property of BCI.
Sample 1Sample 2Sample 3
Ownership of Parts. Lessee shall procure that any substituted, replacement or renewed Part shall be, or upon installation become, the property of Lessor subject to this Agreement and the Security Documents and be free and clear of Liens other than Permitted Liens, and Lessee shall deliver to Lessor any instruments reasonably required by Lessor evidencing Lessor’s title to such substitution, replacement or renewal Part. Any Part at any time removed from the Airframe or any Engine shall remain the property of Lessor, no matter where located, until such time as such Part shall be replaced by a part that has been incorporated or installed in or attached to the Airframe or such Engine and that meets the requirements for replacement parts specified above and until title to such replacement part shall have passed to Lessor, according to applicable law, or until the replacement part is itself replaced by a replacement part which thereupon becomes the property of Lessor (whereupon title to the replaced part shall vest in Lessee free and clear of all Lessor’s Liens).
Sample 1Sample 2
Ownership of Parts. 1 2.4 Modifications.......................................... 1 2.4.1 Ability to Modify............................. 1 2.4.2 No Obligation of Lessor to Pay................ 1 2.4.3 Removal of Modification Part.................. 1 2.4.4 Reversal of Modification...................... 1 2.4.5 Title to Removed Modification Part............ 1 2.4.6 Passenger Communication Equipment............. 1 2.4.7 Service Bulletin Kits......................... 1 2.5 Documentation.......................................... 1 2.6 Operation.............................................. 1 2.7 Insignia............................................... 1 2.8 Costs of Maintenance, Operation, Etc................... 1 2.8.1 In General.................................... 1 2.8.2 Payment of Flight Charges..................... 1 2.9 Inspection............................................. 1 2.9.1 Maintenance Schedule.......................... 1 2.9.2 Reasonable Inspections........................ 1 2.9.3
Sample 1
Ownership of Parts. In performing limited Warranty repairs and building replacement products, KRAMBU uses new and reconditioned parts made by various manufacturers. The use of these new or reconditioned parts shall not extend the Warranty Period. KRAMBU owns all parts removed from repaired Hardware.
Sample 1
Ownership of Parts. 1 Except for circumstances under Paragraph 2, parts that Lxxxxx installed in the Property under Article 14, Paragraph 4, upon installation, shall comprise the Parts that constitute the Property and automatically belong to Lessor and be leased from Lessor to Lessee under this Agreement. With respect to parts that are removed from the Property, the ownership of the removed parts shall be transferred to Lessee while the ownership of the substitutes is transferred to Lessor. However, the parts that are exchanged and removed, though not replaced by similar substitutes, shall still be owned by Lessor regardless of their location and are subject to this Agreement.
Sample 1
Ownership of Parts. All parts, for which Xxxxxxx Xxxxxxx has supplied a replacement, shall become the property of Xxxxxxx Xxxxxxx.
Sample 1
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Ownership of Parts. Any Part (except for a temporary replacement part) at any time removed from the Facility shall remain the property of the User Head Lessor (subject to Permitted Liens) and subject to the User Head Lease, the Head Lease, the Lease, the Sublease and this User Lease, no matter where located, until such time as such Part shall be replaced by a part or parts that have been incorporated or installed in or attached to the Facility and that meets the requirements for replacement Parts specified in Section 8(a). Immediately upon any replacement Part (except for a temporary replacement part) becoming incorporated or installed in or attached to the Facility as provided in Section 8(a), without further act, (i) title to the replaced part shall thereupon vest in the User Lessee or its designee, free and clear of all rights of the User Head Lessor, the Head Lessor, the Lessor, the SublessorSublessors, the User Lessor, and the Holders and the replaced part shall no longer be deemed a Part hereunder; (ii) title to such replacement Part shall thereupon vest in the User Head Lessor (subject to Permitted Liens); (iii) such replacement Part shall become subject to the User Head Lease, the Head Lease, the Lease, the Sublease and this User Lease and be deemed part of the Facility for all purposes hereof to the same extent as the Parts originally incorporated or installed in or attached to the Facility and (iv) so long as the Lien of the Loan Agreement has not been discharged, such replacement Part shall be subject to the Lien of the Loan Agreement.
Sample 1

Related to Ownership of Parts

  • 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 Products It is understood and agreed that all products provided under this Agreement shall become the property of the County upon acceptance by the County.

  • Ownership of Works The Executive agrees to promptly disclose in writing to the Company all inventions, discoveries, developments, improvements and innovations (collectively referred to as “Inventions”) that the Executive has conceived or made during his employment with the Company; provided, however, that in this context, “Inventions” are limited to those which (i) relate in any manner to the existing or contemplated business or research activities of the Company and its affiliates; (ii) are suggested by or result from the Executive’s work at the Company; or (iii) result from the use of the time, materials or facilities of the Company and its affiliates. All Inventions will be the Company’s property rather than the Executive’s. Should the Company request it, the Executive agrees to sign any document that the Company may reasonably require to establish ownership in any Invention.

  • Ownership of Work All reports, work product, all other documents completed or partially completed by Contractor or its approved subcontractors, in performance of this Agreement, and if applicable, drawings, designs, and plan review comments shall become the property of the City. Any and all copyrightable subject matter in all materials is hereby assigned to the City and the Contractor and its approved subcontractors agree to execute any additional documents that may be necessary to evidence such assignment. All materials shall be delivered to the City upon completion or termination of the work under this Agreement. If any materials are lost, damaged or destroyed before final delivery to the City, the Contractor shall replace them at its own expense. Contractor and its approved subcontractors shall keep materials confidential. Materials shall not be used for purposes other than performance of services under this Agreement and shall not be disclosed to anyone not connected with these services, unless the City provides prior written consent.

  • Ownership of Stock The Selling Shareholders own all of the issued and outstanding shares of capital stock of the Company, free and clear of all liens, claims, rights, charges, encumbrances, and security interests of whatsoever nature or type.

  • Ownership of Property Each Loan Party and each of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

  • 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 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 Materials All reports, documents or other materials developed or received by Consultant or any other person engaged directly by Consultant to perform the services required hereunder shall be and remain the property of City without restriction or limitation upon their use.

  • Ownership of Rights 6. 1. Licensed Material remains the property of either Licensor or the relevant third party and any rights not explicitly granted herein are expressly reserved.

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