Ownership of Vehicle. The Company and Broker agree to utilize the equipment in the Company's name or in the Broker's name as set out in Schedule "A" attached hereto and forming part of the Company's name it is understood that the vehicle as set out in the Schedule "A" is owned by the Broker and is in the name of the Company for licensing purposes only. At the end of the term of this agreement or termination of the Brokers employment with the Company, for any reason, the Company agrees to transfer the ownership of the vehicle or vehicles to the Broker within one week after requested to do so in writing by the Broker provided all monies owing under this agreement have been paid to the Company.
Ownership of Vehicle. The vehicle shall remain the property of the Owner and the Hirer shall not sell or otherwise part with possession of the vehicle.
Ownership of Vehicle. Renter represents and warrants that s/he is the sole owner of the Vehicle and that Vehicle is registered in the name of the Renter. Renter understands that proof of ownership and insurance must accompany this Agreement, and agrees that Storage Company has the right to request proof of continued ownership and insurance at any time during the term of this Agreement. Renter must maintain a valid current license plate and registration for the Vehicle at all times while stored in the Storage Space.
Ownership of Vehicle. 7.1 The Vehicle shall remain the property of the Owner and the Hirer shall have no right or interest in the Vehicle otherwise than as a bailee. The only right of the Hirer is to possess and use the Vehicle in accordance with the terms and conditions of the Agreement.
Ownership of Vehicle. 4.1 The Hirer acknowledges that the Company retains full title to the Vehicle notwithstanding:
Ownership of Vehicle. 5.1 The Renter agrees that it does not have any rights of ownership of the rented Vehicle.
Ownership of Vehicle. The Private Member acknowledges that any Vehicle is and shall remain the sole property of Zilch and nothing contained in this Agreement or Membership Schedule will confer upon the Private Member any right of property or interest in or to the Vehicle and the Private Member shall at all times be bailee only of the Vehicle.
Ownership of Vehicle. 5.1. The Owner retains title to the Vehicle at all times, and the Hirer must not agree, attempt, offer or purport to sell, assign, pledge, hire or otherwise part with or attempt to part with possession, or otherwise deal with the Vehicle.
Ownership of Vehicle a. Pursuant to Article XII of the CIT By-laws, the vehicle is owned by CIT and each Party has an equal share in its ownership. Nevertheless, for the purposes of obtaining property and liability insurance coverage and titling the vehicle, New Berlin shall title the vehicle in its name. The Parties acknowledge that in the event of a loss New Berlin’s liability policy has a self-insured retention limit of $50,000.00 and $5,000.00 for property damage claims. The self-insured retention limit includes defense costs and expenses, including attorney fees, as well as the payment of any settlement or judgment for an amount less than said limit. The Parties agree to reimburse the CIT for said self-insured retention limit costs and expenses in the event of a loss subject to the terms of the CIT By-Laws, as well as Wisconsin Statutes Secs. 893.80, 345.05, 895.46, 66.0313 and 66.0314 and 895.045 concerning principles of comparative negligence. Decisions concerning the settlement of claims shall be reviewed by the CIT, which shall make a recommendation to the governing bodies of the Parties.
Ownership of Vehicle. The Company and Broker agree to utilize the equipment in the Company's name or in the Broker's name as set out in Schedule attached hereto and forming part of the Company's name it is understood that the vehicle as set out in the Schedule is owned by the Broker and is in the name of the Company for licensing purposes only. At the end of the of this agreement or termination of the Brokers employment with the Company, for any reason, the Company agrees to transfer the ownership of the vehicle or vehicles to the Broker within one week after requested to do so in writing by the Broker provided all monies owing under this agreement have been paid to the Company. BROKER RESPONSIBLE FOR EXPENSES: PROVIDED HOWEVER, that it is understood that the Broker shall be responsible for all charges in connection with the operation of this vehicle, including but not limited to gasoline, fuel, maintenance, repairs, drivers, base plate licensing registration fees, road tolls, meals, and overnight expenses. PROVIDED FURTHER, that if the equipment remains in the name of the Broker, the Broker agrees to complete a lease.
