Rights to Assets. The Parties shall not interfere with each other’s assets, without prior agreement.
Rights to Assets. (a) The Contractor shall have the right to use free of charge assets previously installed by the Contractor in relinquished areas which are required for its operations in the remaining portion of the contract area provided that in the event of relicencing of the relinquished area, such licence shall exclude the aforesaid assets.- (b) Subject to Article 20.1
Rights to Assets. The rights of the Executive, any Beneficiary or Beneficiaries of the Executive, or any other person claiming through the Executive under this Agreement, shall be solely those of an unsecured general creditor of the Bank. The Executive, the Beneficiary or Beneficiaries of the Executive, or any other person claiming through the Executive, shall only have the right to receive from the Bank those payments specified under this Agreement. The Executive agrees that he, his Beneficiary or Beneficiaries, or any other person claiming through him shall have no rights or interests whatsoever in any assets of the Bank, including any insurance policies or contracts which the Bank may possess or obtain to informally fund this Agreement. Any asset used or acquired by the Bank in connection with the liabilities it has assumed under this Agreement shall not be deemed to be held under any escrow account or trust of any kind for the benefit of the Executive or his Beneficiary or Beneficiaries or any other person claiming through him; and nothing contained in this Agreement, and no action taken pursuant to the provisions of this Agreement, shall create or be construed to create a trust of any kind or a fiduciary relationship between the Bank and the Executive, his Beneficiary or Beneficiaries or any other person claiming through him. Nor shall any asset be considered security for the performance of the obligations of the Bank. Any such assets shall be, and remain, general, unpledged, and unrestricted assets of the Bank.
Rights to Assets. 14.8.1 The Company has full ownership rights upon all assets either tangible or intangible which shall be disclosed in the FY2019 Financial Statement and in the Closing Financial Statement (the “Assets”). There is no existing encumbrance, pledge, mortgage or any other security registered on any of these Assets.
14.8.2 All tangible assets are in good working, repair and maintenance condition, except for normal wear and tear, and are not affected by any noticeable defect which could affect their normal operation.
Rights to Assets. (a) The Contractor shall have the right to use free of charge assets previously installed by the Contractor in relinquished areas which are required for the Petroleum Operations in the remaining portion of the Contract Area provided that in the event of re-licencing of the relinquished area, such licence shall exclude the aforesaid assets.
(b) Subject to Article 20.1
(c) upon expiry or termination of this Agreement in accordance with the provisions hereof, the Contractor shall upon notification by GGMC pursuant to Article 20.1 (d)(i):
(i) deliver to the Minister, free of charge, in good order and condition, (fair wear and tear excepted) all installations, works, pipelines, pumps, casings, tubings, engines and other equipment, machinery or assets of a fixed or permanent nature constructed, used or employed by the Contractor or the Operator in the Contract Area;
(ii) deliver to the Minister, free of charge, any fixed assets relating to Petroleum Operations outside the Contract Area and movable assets owned by the Contractor or Operator and used or employed in connection with Petroleum Operations and located in Guyana for which costs have been fully recovered in accordance with Annex C herein; where costs have not been fully recovered the provisions of Article 20.1 (b)(iii) shall apply;
(iii) sell to the Minister any other assets owned by the Contractor or Operator and used or employed by the Contractor or Operator in the Contract Area or elsewhere in Guyana in connection with Petroleum Operations at a price equivalent to the unrecovered cost of the assets.
Rights to Assets. Neither the Vendor nor any Person not dealing at arm's length (as that term is defined in the Income Tax Act (Canada)) with any of the foregoing owns directly or indirectly or has any agreement, option or commitment to acquire or lease, any Corporate Assets or has obtained or has any right to obtain any benefit or advantage which properly belongs to BCR.
Rights to Assets. Each Seller has good and valid title to, or a valid license to, each of its Acquired Assets on the Effective Date; provided, however, that this representation and warranty does not relate to title to and rights in Sellers Intellectual Property. Title to and rights in Sellers Intellectual Property are addressed in Section 3(i). Upon the purchase by the Buyer of the Acquired Assets, the Buyer will receive good and valid title to, or a valid license to, the Acquired Assets, free and clear of all Liens, except Permitted Liens and Encumbrances.
Rights to Assets. No present or former director, officer or shareholder of the Vendor or of any Affiliate of the Vendor owns, directly or indirectly, or has any agreement, option or commitment to acquire or lease, any property, asset, right or license included in the Assets.
Rights to Assets. No person has any agreement, or any option, right, or privilege capable of becoming an agreement, for the purchase of any assets of the Sulliden Group. There are areas of mutual interest/areas of exclusion provisions in certain confidentiality agreements to which the Company is a party.
Rights to Assets. The rights of the Executive and his beneficiary shall be solely those of unsecured general creditors of the Corporation. The Executive and his beneficiary shall only have the right to receive from the Corporation those payments as are specified under this Agreement. The Executive agrees that he and his beneficiary shall have no rights or interests whatsoever in any asset of this Corporation.
