Common use of Title and Ownership Clause in Contracts

Title and Ownership. Customer specifically acknowledges the Rental Company’s superior title and ownership of the Equipment and must keep the Equipment free of all liens, levies and encumbrances. Customer may not assign or pledge the Equipment. This Rental Contract constitutes a lease and not a sale of the Equipment or the creation of a security interest therein. No part of the rental payments made under this Rental Contract shall be deemed payment towards the purchase of any of the Equipment. Title to the Equipment shall remain at all times in Rental Company.

Title and Ownership. Customer specifically acknowledges the Rental Company’s Company‘s superior title and ownership of the Equipment and must keep the Equipment free of all liens, levies and encumbrances. Customer may not assign or pledge the Equipment. .This Rental Contract constitutes a lease and not a sale of the Equipment or the creation of a security interest therein. No part of the rental payments made under this Rental Contract shall be deemed payment towards the purchase of any of the Equipment. Title to the Equipment shall remain at all times in Rental Company.