OWNERSHIP OF PERSONAL PROPERTY. All personal property purchased with compensation provided to CONTRACTOR from COMMISSION under this Contract Project shall become COMMISSION’s property upon the expiration or termination of this Contract, unless otherwise agreed to by COMMISSION. COMMISSION shall exercise its option to physically retain items of tangible personal property within the thirty (30) calendar days immediately preceding and or following the completion of the project or initiative that is the subject of this Contract, whether completed within the Term of this Contract or any other subsequent agreement executed by COMMISSION and CONTRACTOR. The terms of this Section XIII shall survive the expiration or termination of this Contract.
OWNERSHIP OF PERSONAL PROPERTY. All personal property purchased with compensation provided to CONTRACTOR from COMMISSION under this Contract shall become COMMISSION’s property upon the expiration or termination of this Contract, unless otherwise agreed to by COMMISSION. COMMISSION shall exercise its option to retain items of tangible personal property within the thirty (30) calendar days immediately preceding and following the expiration or termination of this Contract.
OWNERSHIP OF PERSONAL PROPERTY. Each Borrower is, and after the date hereof, will be the sole owner of all Equipment pertaining to such Borrower's Property, free from any adverse lien, security interest or adverse claim of any kind whatsoever, except for security interests and liens in favor of Agent and other liens approved by Agent, in Agent's sole discretion. Borrower will not convey or transfer any portion of the Equipment without the prior written consent of Agent.
OWNERSHIP OF PERSONAL PROPERTY. Except with respect to any Mortgage Loans which will be extinguished at Closing and subject to any leases (including the Leases and the Equipment Leases) otherwise disclosed in this Agreement, Seller has good and marketable title to the Personal Property, free and clear of all liens, encumbrances and claims of third parties, excepting only the Permitted Exceptions.
OWNERSHIP OF PERSONAL PROPERTY. Borrower owns directly all of the Personal Property free and clear of all liens, encumbrances and adverse claims and the security interest of Bank in the Personal Property shall be a first lien thereon.
OWNERSHIP OF PERSONAL PROPERTY. (a) Seller is the true and lawful owner of, and has good and marketable title to, or has a valid leasehold interest in or a valid license or right to use, all of the Acquired Assets, free and clear of all Security Interests. Except as set forth on Section 2.8(a) of the Disclosure Schedule, no financing statement under the Uniform Commercial Code with respect to any of the Personal Property is active in any jurisdiction in the United States, and Seller has not signed any such active financing statement or any security agreement authorizing any secured party thereunder to file any such financing statement.
(b) Section 2.8(b) of the Disclosure Schedule lists individually (i) all pieces of Personal Property which are fixed assets (within the meaning of GAAP) having a book value greater than US$5,000, indicating the cost, location, accumulated book depreciation (if any) and the net book value of each such fixed asset as of the Balance Sheet Date, and (ii) all other Personal Property of a tangible nature (other than Inventory) whose book value exceeds US$5,000.
OWNERSHIP OF PERSONAL PROPERTY. (a) Each of the Borrower and its Subsidiaries has good and valid title to (or other similar title in jurisdictions outside the United States of America) or other personal property interests in, or is licensed to use, all its material personal properties and assets, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such personal property and assets for their intended purposes and except where the failure to have such title, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. All such material personal property and assets are free and clear of Liens, other than Permitted Liens.
(b) Each of the Borrower and its Subsidiaries owns, possesses, is licensed or otherwise has the right to use, or could obtain ownership or possession of, on terms not materially adverse to it, all patents, trademarks, service marks, trade names, copyrights, licenses and rights with respect thereto (collectively, "Intellectual Property") necessary for the present conduct of its business, without any known conflict with the rights of others, except where such conflicts could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
OWNERSHIP OF PERSONAL PROPERTY. Seller has title to all of the Personal Property, free and clear of any Liens, except for encumbrances that are not Monetary Liens or Permitted Encumbrances.
OWNERSHIP OF PERSONAL PROPERTY. Except as may otherwise be provided in any Contracts, Seller is the sole owner of all Personal Property and, at Closing, none of the Personal Property shall be encumbered by any lien or claim of any other person or entity, except for the Existing Indebtedness.
OWNERSHIP OF PERSONAL PROPERTY. Contracting Member represents that they have actual and legal ownership of all personal property on the contracted site. The TCC Landsite is private property and qualifying members granted the privilege of an individual site on the Landsite are assessed fees in accordance with the provisions of this Long Term Site Agreement and the TCC policies, procedures, and rules that the Member receives with this Long Term Site Agreement. A member may approach any board member to request consideration of financial hardship by the entire board. Permanent site members will pay a fee of $10.00 [ten dollars] per month, payable on a quarterly basis. Payments are considered delinquent after ninety (90) days. Permanent site requiring electric service will be assessed a fee determined by:
