TITLE TO EQUIPMENT; QUIET POSSESSION. Xxxxxx agrees that Lessor is the lawful owner of the Equipment and that good and marketable title to the Equipment shall remain with Lessor at all times. Lessee at its sole expense will protect and defend Xxxxxx's good and marketable title to the Equipment against all claims and demands whatsoever except for Liens created directly by Xxxxxx. Lessee shall have no right, title or interest in any of the Equipment except the right to peacefully and quietly hold and use the Equipment in accordance with the terms of the Lease during the Lease Term unless and until an event of default shall occur.
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Samples: Lease (STB Systems Inc), Lease (STB Systems Inc), Lease (STB Systems Inc)
TITLE TO EQUIPMENT; QUIET POSSESSION. Xxxxxx agrees Lessxx xxxees that Lessor is the lawful owner of the Equipment and that good and marketable title to the Equipment shall remain with Lessor at all times. Lessee at its sole expense will protect and defend XxxxxxLessor's good and marketable title to the Equipment against all claims and demands whatsoever except for Liens created Lienx xxxated directly by XxxxxxLessxx. Lessee Xxssee shall have no right, title or interest in any of the Equipment except the right to peacefully and quietly hold and use the Equipment in accordance with the terms of the Lease during the Lease Term unless and until an event of default shall occur.
Appears in 1 contract
Samples: 3dfx Interactive Inc
TITLE TO EQUIPMENT; QUIET POSSESSION. Xxxxxx agrees Lessxx xxxees that Lessor is the lawful owner of the Equipment and that good and marketable title to the Equipment shall remain with Lessor at all times. Lessee at its sole expense will protect and defend Xxxxxx's good Lessxx'x xood and marketable title to the Equipment against all claims and demands whatsoever except for Liens created directly by XxxxxxLessxx. Lessee Xxssee shall have no right, title or interest in any of the Equipment except the right to peacefully and quietly hold and use the Equipment in accordance with the terms of the Lease during the Lease Term unless and until an event of default shall occur.
Appears in 1 contract
Samples: 3dfx Interactive Inc