Common use of Title; Personal Property; Encumbrances; Location Clause in Contracts

Title; Personal Property; Encumbrances; Location. MLP OpCo covenants that the ownership of the Equipment is and shall at all times remain in CHK Compression or CHK Compression’s lessors. The Equipment shall remain personal property and never attach to or become a fixture or otherwise affixed to any realty. The Equipment shall be installed and used at the location specified in the Schedule pertaining thereto and it shall not be removed therefrom without CHK Compression’s consent. MLP OpCo has no right to and will not sell, mortgage, assign, transfer, lease, sublet, loan, part with possession, or encumber the Equipment or permit any liens or encumbrances or charges to attach or become effective thereon or permit or attempt to do any of such acts. MLP OpCo agrees, at its sole own expense, to take such action or cause Gatherers to take such action as may be necessary to remove any such encumbrance, lien, or charge and to prevent any third party from acquiring any other interest in any Equipment (including by reason of such Equipment being deemed to be a fixture or a part of any realty). If MLP OpCo fails to do so within a reasonable period of time after receipt of demand from CHK Compression, CHK Compression shall have the right to pay or otherwise settle such lien, encumbrance, or charge and recover reimbursement of such amount from Gatherers. Gatherers will not alter or remove any insignia, serial number or other lettering of the Equipment.

Appears in 1 contract

Samples: Compression Agreement (Access Midstream Partners Lp)

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Title; Personal Property; Encumbrances; Location. MLP OpCo Gatherer covenants that the ownership of the Equipment is and shall at all times remain in CHK Compression or CHK Compression’s lessors. The Equipment shall remain personal property and never attach to or become a fixture or otherwise affixed to any realty. The Equipment shall be installed and used at the location specified in the Schedule pertaining thereto and it shall not be removed therefrom without CHK Compression’s consent. MLP OpCo has no right to and Gatherer will not sell, mortgage, assign, transfer, lease, sublet, loan, part with possession, or encumber the Equipment or permit any liens or encumbrances or charges to attach or become effective thereon or permit or attempt to do any of such acts. MLP OpCo Gatherer agrees, at its sole own expense, to take such action or cause Gatherers to take such action as may be necessary to remove any such encumbrance, lien, or charge and to prevent any third party from acquiring any other interest in any Equipment (including by reason of such Equipment being deemed to be a fixture or a part of any realty). If MLP OpCo Gatherer fails to do so within a reasonable period of time after receipt of demand from CHK Compression, CHK Compression shall have the right to pay or otherwise settle such lien, encumbrance, or charge and recover reimbursement of such amount from GatherersGatherer. Gatherers Gatherer will not alter or remove any insignia, serial number or other lettering of the Equipment.

Appears in 1 contract

Samples: Gas Compressor Master Rental and Servicing Agreement (Chesapeake Midstream Partners, L.P.)

Title; Personal Property; Encumbrances; Location. MLP OpCo covenants that the ownership of the Equipment is and shall at all times remain in CHK Compression or CHK Compression’s lessors. The Equipment shall remain personal property and never attach to or become a fixture or otherwise affixed to any realty. The Equipment shall be installed and used at the location specified in the Schedule pertaining thereto and it shall not be removed therefrom without CHK Compression’s consent. MLP OpCo has no right to and will not sell, mortgage, assign, transfer, lease, sublet, loan, part with possession, or encumber the Equipment or permit any liens or encumbrances or charges to attach or become effective thereon or permit or attempt to do any of such acts. MLP OpCo agrees, at its sole own expense, to take such action or cause Gatherers to take such action as may be necessary to remove any such encumbrance, lien, or charge and to prevent any third party from acquiring any other interest in any Equipment (including by reason of such Equipment being deemed to be a fixture or a part of any realty). If MLP OpCo fails to do so within a reasonable period of time after receipt of demand from CHK Compression, CHK Compression shall have the right to pay or otherwise settle such lien, encumbrance, or charge and recover reimbursement of such amount from Gatherers. Gatherers will not alter or remove any insignia, serial number or other lettering of the Equipment.

Appears in 1 contract

Samples: Gas Compressor Master Rental and Servicing Agreement (Chesapeake Midstream Partners Lp)

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Title; Personal Property; Encumbrances; Location. MLP OpCo CMO covenants that the ownership of the Equipment is and shall at all times remain in CHK Compression MidCon or CHK CompressionMidCon’s lessors. The Equipment shall remain personal property and never attach to or become a fixture or otherwise affixed to any realty. The Equipment shall be installed and used at the location specified in the Schedule pertaining thereto and it shall not be removed therefrom without CHK CompressionMidCon’s consent. MLP OpCo CMO has no right to and will not sell, mortgage, assign, transfer, lease, sublet, loan, part with possession, or encumber the Equipment or permit any liens or encumbrances or charges to attach or become effective thereon or permit or attempt to do any of such acts. MLP OpCo CMO agrees, at its sole own expense, to take such action or cause Gatherers to take such action as may be necessary to remove any such encumbrance, lien, or charge and to prevent any third party from acquiring any other interest in any Equipment (including by reason of such Equipment being deemed to be a fixture or a part of any realty). If MLP OpCo CMO fails to do so within a reasonable period of time after receipt of demand from CHK CompressionMidCon, CHK Compression MidCon shall have the right to pay or otherwise settle such lien, encumbrance, or charge and recover reimbursement of such amount from Gatherers. The Gatherers will not alter or remove any insignia, serial number or other lettering of the Equipment.

Appears in 1 contract

Samples: Compression Agreement (Access Midstream Partners Lp)

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