Rights in Equipment. Upon the execution and delivery by Lessee of Lease Supplement relating to an Item of Equipment and satisfaction of the other applicable conditions precedent set forth in Section 3, Lessor shall have good and marketable title to such Item of Equipment subject only to Permitted Liens and Lessor Liens and shall be obligated to pay or reimburse Lessee in full for the Acquisition Cost of such Item of Equipment in accordance with the provisions of this Agreement, provided that nothing in this Section 4.4 shall affect in any manner the respective rights and obligations of Lessor and Lessee under the Lease Agreement or shall reduce or diminish any claim or remedy for damages which Lessor or Lessee might assert for any breach or violation of the terms of the Lease Agreement or of this Agreement.
Rights in Equipment. Either Party may provide Equipment to the other Party for purposes of joint research, development, test and evaluation. Unless otherwise specified, each Party shall retain title to all Equipment to which it held title prior to the Effective Date of this Agreement, and any directions regarding the return or disposal of Equipment after test and evaluation activities are completed shall be included in the Statement of Work in Appendix A. All Equipment intended for use under this Agreement will be listed by the appropriate Party in Appendix B. The Party providing Equipment hereby asserts that it owns or possesses sufficient rights, including all intellectual property rights, in the Equipment for the test and evaluation activities conducted under this Agreement.
Rights in Equipment. The Equipment is and shall remain the sole and exclusive responsibility and property of Licensee. Within thirty (30) calendar days after the expiration or termination of a Site License, Licensee shall remove all of its Equipment in a workmanlike manner without any injury, interference, damage or destruction to the, Property or its operations, and Licensee shall restore the Property to substantially the same condition it was in as of the commencement date of the related Site License, normal wear and tear excepted. In the event Licensee fails to remove its Equipment from the Property within thirty (30) days of the termination or expiration of this License, then OUC shall provide to Licensee written notice, and Licensee shall have an additional fifteen (15) days in which to vacate the Property. If Licensee fails to comply within fifteen (15) days of its receipt of such notice, then OUC, in its sole discretion, shall have the right to presume that Licensee has abandoned its Equipment, which can be sold or disposed of by OUC or OUC can remove the Equipment and charge Licensee the reasonable costs of removal and storage.
Rights in Equipment. Upon the execution and delivery by Obligor of an Equipment Agreement Supplement relating to an Item of Equipment and satisfaction of the other conditions precedent set forth in Section 3.1 hereof, Obligee shall have all rights and interests in such Item of Equipment and shall be obligated to pay Obligor in full for the Acquisition Cost of such Item of Equipment in accordance with the provisions of this Agreement; provided, that nothing in this Section 4.4 shall affect in any manner the respective rights and obligations of Obligee and Obligor under the Equipment Agreement or shall reduce or diminish any claim or remedy for damages which Obligee might assert for any breach or violation of the terms of the Equipment Agreement or of this Agreement. Obligor hereby transfers, grants, sells, and assigns to Obligee, its successors and assigns, all of Obligor's rights and interest in and to the various agreements, contracts, warranties, purchase orders and requisitions relating to the purchase, procurement, design and assembly of each Item of Equipment. Notwithstanding the foregoing assignment, Obligee shall not be deemed to have assumed any liability to any equipment vendor by virtue of this Agreement, Obligee's only obligation with respect to any Item of Equipment hereunder being to finance such Item in accordance with the terms of the Operative Documents.
Rights in Equipment. Without express written permission by DHS S&T, Local Collaborator shall ensure that neither it nor its state and local government entities/partners re-distribute, disseminate, loan or lose possession of the flood sensors.
Rights in Equipment
