Common use of REGISTRATION AND INSURANCE OF MOTOR VEHICLES OR PRESCRIBED GOODS Clause in Contracts

REGISTRATION AND INSURANCE OF MOTOR VEHICLES OR PRESCRIBED GOODS. (a) If the Equipment is a motor vehicle, the Customer shall have and keep at its own cost the same duly registered at all times as required by any relevant law in the name of the Customer as if it were the owner and have and keep the same insured against third party risk to the extent required by law by a policy insuring to the benefit of both parties hereto. (b) If the Equipment consists of goods to which a register of security interest or encumbrances applies in the relevant State of Territory, the interests of GE Capital shall be registered in the appropriate register as owner of the Equipment. (c) If the Equipment consists of goods GE Capital's title to which may be defeated by a subsequent bona fide purchaser of the goods for value without notice of GE Capital's interest, the Customer shall ensure that the goods are sufficiently identified, marked and displayed so as to put third parties on notice of the ownership of GE Capital in the goods. GE Capital may at anytime affix such identifying plates or marks on or to the goods and will at all reasonable times be given access to the goods for such purposes. The Customer shall indemnify GE Capital to the full value of the Equipment should GE Capital's interest and title to the Equipment be lost through the Customer's breach of this provision.

REGISTRATION AND INSURANCE OF MOTOR VEHICLES OR PRESCRIBED GOODS. (a) If the Equipment is a motor vehicle, the Customer shall have and keep at its own cost the same duly registered at all times as required by any relevant law in the name of the Customer as if it were the owner and have and keep the same insured against third party risk to the extent required by law by a policy insuring to the benefit of both parties hereto. (b) If the Equipment consists of goods to which a register of security interest or encumbrances applies in the relevant State of Territory, the interests of GE Capital shall be registered in the appropriate register as owner of the Equipment. (c) If the Equipment consists of goods GE Capital's title to which may be defeated by a subsequent bona fide purchaser of the goods for value without notice of GE Capital's interest, the Customer shall ensure that the goods are sufficiently identified, marked and displayed so as to put third parties on notice of the ownership of GE Capital in the goods. GE Capital may at anytime it any time affix such identifying plates or marks on or to the goods and will at all reasonable times be given access to the goods for such purposes. The Customer shall indemnify GE Capital to the full fall value of the Equipment should GE Capital's interest and title to the Equipment be lost through the Customer's breach of this provision.

REGISTRATION AND INSURANCE OF MOTOR VEHICLES OR PRESCRIBED GOODS. (a) If if the Equipment is a motor vehicle, the Customer shall have and keep at its own cost the same duly registered at all times as required by any relevant law in the name of the Customer as if it were the owner and have and keep the same insured against third party risk to the extent required by law by a policy insuring to the benefit of both parties hereto. (b) If if the Equipment consists of goods to which a register of security interest or encumbrances applies in the relevant State of Territory, the interests of GE Capital shall be registered in the appropriate register as owner of the Equipment. (c) If if the Equipment consists of goods GE Capital's title to which may be defeated by a subsequent bona fide purchaser of the goods for value without notice of GE Capital's interest, the Customer shall ensure that the goods are sufficiently identified, marked and displayed so as to put third parties on notice of the ownership of GE Capital in the goods. GE Capital may at anytime affix such identifying plates or marks on or to the goods and will at all reasonable times be given access to the goods for such purposes. The Customer shall indemnify GE Capital to the full value of the Equipment should GE Capital's interest and title to the Equipment be lost through the Customer's breach of this provision.