Rental Devices Ownership; Damage and Loss Sample Clauses

Rental Devices Ownership; Damage and Loss. FoneSoft is and will remain the owner of each Rental Device unless title is conveyed to you in writing following FoneSoft’s confirmation to you of its receipt of your payment in full of the purchase price for the Rental Device. You will not grant any third party any right to use, possess, or control any Rental Device, sublease any Rental Device, attempt to dispose of any Rental Device, grant any interest or right in a Rental Device to any third party, or otherwise do anything that undermines FoneSoft’s ownership of each Rental Device. FoneSoft may, without notifying you, assign FoneSoft’s interest in any Rental Device, and in that event, FoneSoft’s assignee will have all of FoneSoft’s rights in the Rental Device under this Agreement, but none of FoneSoft’s obligations. You agree not to assert against FoneSoft’s assignee any claims, offsets, or defenses you may have against FoneSoft. Upon FoneSoft’s request, you will execute and deliver to FoneSoft any documents or forms for protecting FoneSoft’s ownership and interest in each Rental Device, including finance statements under the Uniform Commercial Code. Upon receipt of each Rental Device, you will examine each Rental Device, and unless you notify FoneSoft within five business days of your receipt of a Rental Device to any issue with a Rental Device, each Rental Device is deemed to be in good working order at the time of receipt. In the event that any Rental Device delivered to you is stolen, lost, damaged, or transferred to any third party, regardless of the circumstances or cause, you will immediately notify FoneSoft in writing and pay FoneSoft a purchase price equal to (1) during the first 12 months after you received the Rental Device, 100% of the Rental Device’s then-current FoneSoft list price, or (2) after such 12 month period, 80% of such list price. This obligation does not apply to any damage to a Rental Device that is covered by the manufacturer’s warranty. Rental Device Usage You will ensure that: (a) each Rental Device will only be used in a careful and proper manner and in accordance with the written instructions provided with it by FoneSoft, as may be updated by FoneSoft or the manufacturer of the Rental Device from time to time; (b) each Rental Device will be used with due care and will not be defaced, modified, or used or operated in any manner or for any purpose in violation of any federal, state, or local law or regulation; (c) each Rental Device must remain within the United States and m...
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Rental Devices Ownership; Damage and Loss. Telesystem is the owner of each Rental Device unless you purchase the Rental Device. You may not grant any third party any right to use, possess, or control any Rental Device, sublease any Rental Device, attempt to dispose of any Rental Device, grant any interest or right in a Rental Device to any third party, or otherwise do anything that affects Telesystem’s ownership of each Rental Device. Telesystem may, without notifying you, assign Telesystem’s interest in any Rental Device. Upon Telesystem’s request, you will execute and deliver to Telesystem any documents or forms for protecting Telesystem’s ownership and interest in each Rental Device, including finance statements under the Uniform Commercial Code. Upon receipt of each Rental Device, you must examine each Rental Device.Unless you notify Telesystem within five (5) business days of your receipt of a Rental Device to any issue with a Rental Device, each Rental Device is deemed to be in good working order at the time of receipt. In the event that any Rental Device delivered to you is stolen, lost, damaged, or transferred to any third party, regardless of the circumstances or cause, you will immediately notify Telesystem in writing and pay Telesystem a purchase price equal to
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Rental Devices Ownership; Damage and Loss. I. RANGE is and will remain the owner of each Rental Device unless title is conveyed to you in writing following RANGE’s confirmation to you of its receipt of your payment in full of the purchase price for the Rental Device. You will not grant any third party any right to use, possess, or control any Rental Device, sublease any Rental Device, attempt to dispose of any Rental Device, grant any interest or right in a Rental Device to any third party, or otherwise do anything that undermines RANGE’s ownership of each Rental Device. RANGE may, without notifying you, assign RANGE’s interest in any Rental Device, and in that event, RANGE’s assignee will have all of RANGE’s rights in the Rental Device under this Agreement, but none of RANGE’s obligations. You agree not to assert against RANGE’s assignee any claims, offsets, or defenses you may have against RANGE. Upon RANGE’s request, you will execute and deliver to RANGE any documents or forms for protecting RANGE’s ownership and interest in each Rental Device, including finance statements under the Uniform Commercial Code.
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Rental Devices Ownership; Damage and Loss. Smart City is and will remain the owner of each Rental Device unless/until title is conveyed to you either in writing following Smart City’s confirmation to you of its receipt of your payment in full of the purchase price for the Rental Device, or upon expiration of the Initial Term of the Agreement. You will not grant any third party any right to use, possess, or control any Rental Device, sublease any Rental Device, attempt to dispose of any Rental Device, grant any interest or right in a Rental Device to any third party, or otherwise do anything that undermines Smart City’s ownership of each Rental Device during the Initial Term of the Agreement. Smart City may, without notifying you, assign Smart City’s interest in any Rental Device, and in that event, Smart City’s assignee will have all of Smart City’s rights in the Rental Device under this Agreement, but none of Smart City’s obligations. You agree not to assert against Smart City’s assignee any claims, offsets, or defenses you may have against Smart City. Upon Smart City’s request, you will execute and deliver to Smart City any documents or forms for protecting Smart City’s ownership and interest in each Rental Device, including finance statements under the Uniform Commercial Code. Upon receipt of each Rental Device, you will examine each Rental Device, and unless you notify Smart City within five
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Rental Devices Ownership; Damage and Loss. RingCentral is and will remain the owner of each Rental Device unless title is conveyed to you in writing following RingCentral’s confirmation to you of its receipt of your payment in full of the purchase price for the Rental Device. You will not (i) grant any third party any right to use, possess, or control any Rental Device, (ii) rent any Rental Device to any third party, (iii) attempt to dispose of any Rental Device, (iv) grant any interest or right in a Rental Device to any third party, or (iv) assign any claims, offsets, or defenses you may have against RingCentral. Upon RingCentral’s request, and to the extent permitted by applicable law, you will execute and deliver to RingCentral any documents or forms for protecting RingCentral’s ownership and interest in each Rental Device.
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Related to Rental Devices Ownership; Damage and Loss

  • Ownership and Location of Metering Equipment The Metering Equipment to be constructed, the capability of the Metering Equipment to be constructed, and the ownership thereof, are identified on the attached Schedule C to this ISA.

  • Damage and Destruction If all or any part of the Premises shall be damaged or destroyed by fire or other casualty, this Lease shall continue in full force and effect, unless terminated as hereinafter provided, and Landlord shall repair, restore or rebuild the Premises to the condition existing at the time of the occurrence of the loss; provided, however, Landlord shall not be obligated to commence such repair, restoration or rebuilding until insurance proceeds are received by Landlord, and Landlord’s obligation hereunder shall be limited to the proceeds actually received by Landlord under any insurance policy or policies, if any, less those amounts (i) which have been required to be applied towards the reduction of any indebtedness secured by a mortgage covering the Premises or any portion thereof, and (ii) which are used to reimburse Landlord for all costs and expenses, including but not limited to attorneys’ fees, incurred by Landlord to recover any such insurance proceeds. Tenant agrees to notify Landlord in writing not less than thirty (30) days prior, to the date Tenant opens for business in the Premises of the actual cost of all permanent leasehold improvements and betterments installed or to be installed by Tenant in the Premises (whether same have been paid for entirely or partially by Tenant), but exclusive of Tenant’s personal property, movable trade fixtures and inventory. Similar notifications shall be given to Landlord not less than thirty (30) days prior to the commencement of any proposed alterations, additions or improvements to the Premises. If Tenant fails to comply, with the foregoing provisions, any loss or damage Landlord shall sustain by reason thereof shall be borne by Tenant and shall be paid immediately by Tenant upon receipt of a xxxx therefore and evidence of such loss, and in addition to any other rights or remedies reserved by Landlord under this Lease, Landlord’s obligations under this Article to repair, replace and/or rebuild the Premises shall be deemed inapplicable, and in lieu thereof, Landlord may, at its election, either restore or require Tenant to restore the Premises to the condition which existed prior to such loss, and in either case Tenant shall pay the cost of such restoration. Tenant covenants and agrees to repair or replace Tenant’s fixtures, furniture, furnishings, floor coverings, equipment and stock in trade and reopen for business in the Premises within thirty (30) days after notice from Landlord that the Premises are ready for re-occupancy. No damage or destruction to the Premises shall allow Tenant to surrender possession of the Premises nor affect Tenant’s liability for the payment of rents or charges or any other covenant herein contained, except as may be specifically provided in this Lease. Notwithstanding anything to the contrary contained in this Section or elsewhere in this Lease, Landlord, at its option, may terminate this Lease by giving Tenant notice thereof within one hundred and eighty (180) days from the date of the casualty if:

  • Physical Access Control Unauthorized persons are prevented from gaining physical access to premises, buildings or rooms where data processing systems that process and/or use Personal Data are located.

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