Common use of Possession/Title Clause in Contracts

Possession/Title. We own the Equipment, and title in and to all of the Equipment will remain ours at all times. You are entitled only to use and possess the Equipment for the Term, subject to any extension approved by us in writing, pursuant to the terms of this Agreement. If you retain any of the Equipment beyond the agreed Term without purchase or our express written consent, you will be deemed to have materially breached this Agreement. You will not take, grant or permit the taking of (and you hereby waive any and all) liens or other similar claims on any portion of the Equipment, and you will take such actions as may be necessary, at your sole cost and expense, to ensure that any and all such liens are released as soon as possible. At all times, Customer shall advise Xxxxxxx of the exact location and condition of the Equipment. Xxxxxxx may enter any job, building or place to inspect the Equipment.

Possession/Title. We own the Equipment, and title in and to all of the Equipment will remain ours at all times. You are entitled only to use and possess the Equipment for the Term, subject to any extension approved by us in writing, pursuant to the terms of this Agreement. If you retain any of the Equipment beyond the agreed Term without purchase or our express written consent, you will be deemed to have materially breached this Agreement. You will not take, grant or permit the taking of (and you hereby waive any and all) liens or other similar claims on any portion of the Equipment, and you will take such actions as may be necessary, at your sole cost and expense, to ensure that any and all such liens are released as soon as possible. At all times, Customer shall advise Xxxxxxx Sitech of the exact location and condition of the Equipment. Xxxxxxx Sitech may enter any job, building or place to inspect the Equipment.

Possession/Title. We own the Equipment, and title in and to all of the Equipment will remain ours at all times. You are entitled only to use and possess the Equipment for the Term, subject to any extension approved by us in writing, pursuant to the terms of this Agreement. If you retain any of the Equipment beyond the agreed Term without purchase or our express written consent, you will be deemed to have materially breached this Agreement. You will not take, grant or permit the taking of (and you hereby waive any and all) liens or other similar claims on any portion of the Equipment, and you will take such actions as may be necessary, at your sole cost and expense, to ensure that any and all such liens are released as soon as possible. At all times, Customer shall advise Xxxxxxx LMT of the exact location and condition of the Equipment. Xxxxxxx LMT may enter any job, building or place to inspect the Equipment.