Common use of OWNERSHIP OF THE EQUIPMENT Clause in Contracts

OWNERSHIP OF THE EQUIPMENT. 9.1 Except as detailed in clause 9.4, You acknowledge that We own the Equipment and in all circumstances We retain title to the Equipment (even if You go into liquidation or become bankrupt during the Hire Period). Your rights to use the Equipment are as a bailee only. 9.2 Except in the circumstances set out in clause 10, You are not entitled to offer, sell, assign, sub-let, charge, mortgage, pledge or create any form of security interest over, or otherwise deal with the Equipment in any way. 9.3 In no circumstances will the Equipment be deemed to be a fixture. 9.4 You acknowledge that We may hire or lease Equipment from a third party if we cannot provide the Equipment to You (“Third Party Owner”), and if this occurs, title in the Equipment remains with the Third Party Owner.

Appears in 3 contracts

Samples: Chiller Rental Agreement, Hire Agreement, Hire Agreement

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OWNERSHIP OF THE EQUIPMENT. 9.1 Except as detailed in clause 9.4, You acknowledge that We own the Equipment and in all circumstances We retain title to the Equipment (even if You go into liquidation or become bankrupt during the Hire Period). Your rights to use the Equipment are as a bailee only. 9.2 Except in the circumstances set out in clause 10, You are not entitled to offer, sell, assign, sub-sub- let, charge, mortgage, pledge or create any form of security interest over, or otherwise deal with the Equipment in any way. 9.3 In no circumstances will the Equipment be deemed to be a fixture. 9.4 You acknowledge that We may hire or lease Equipment from a third party if we cannot provide the Equipment to You (“Third Party Owner”), and if this occurs, title in the Equipment remains with the Third Party Owner.

Appears in 1 contract

Samples: Chiller Rental Agreement

OWNERSHIP OF THE EQUIPMENT. 9.1 8.1. Except as detailed in clause 9.48.4, You acknowledge that We own the Equipment and in all circumstances We retain title to the Equipment (even if You go into liquidation or become bankrupt during the Hire Period). Your rights to use the Equipment are as a bailee only. 9.2 8.2. Except in the circumstances set out in clause 10, You are not entitled to offer, sell, assign, sub-let, charge, mortgage, pledge or create any form of security interest over, or otherwise deal with the Equipment in any way.way.‌ 9.3 8.3. In no circumstances will the Equipment be deemed to be a fixture. 9.4 8.4. You acknowledge that We may hire or lease Equipment from a third party if we cannot provide the Equipment to You (“Third Party Owner”), and if this occurs, title in the Equipment remains with the Third Party Owner.Owner.‌

Appears in 1 contract

Samples: Hire Agreement

OWNERSHIP OF THE EQUIPMENT. 9.1 11.1 Except as detailed in clause 9.4, You acknowledge that We own the Equipment and in all circumstances We retain title to the Equipment (even if You go into liquidation or become bankrupt during the Hire Period). Your rights to use the Equipment are as a bailee only. 9.2 11.2 Except in the circumstances set out in clause 10, You are not entitled to offer, sell, assign, sub-let, charge, mortgage, pledge or create any form of security interest over, or otherwise deal with the Equipment in any way. 9.3 . 11.3 In no circumstances will the Equipment be deemed to be a fixture., except for 9.4 11.4 You acknowledge that We may hire or lease Equipment from a third party if we cannot provide the Equipment to You (“Third Party Owner”), and if this occurs, title in the Equipment remains with the Third Party Owner.

Appears in 1 contract

Samples: Hire Agreement

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OWNERSHIP OF THE EQUIPMENT. 9.1 8.1 Except as detailed in clause 9.48.4, You acknowledge that We own the Equipment and in all circumstances We retain title to the Equipment (even if You go into liquidation or become bankrupt during the Hire Period). Your rights to use the Equipment are as a bailee Bailee only. 9.2 8.2 Except in the circumstances set out in clause 10, You are not entitled to offer, sell, assign, sub-let, charge, mortgage, pledge or create any form of security interest over, or otherwise deal with the Equipment in any way. 9.3 8.3 In no circumstances will the Equipment be deemed to be a fixture. 9.4 8.4 You acknowledge that We may hire or lease Equipment from a third party if we cannot provide the Equipment to You (Third Party Owner), and if this occurs, title in the Equipment remains with the Third Party Owner.

Appears in 1 contract

Samples: Hire Agreement

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