Title to Purchased Equipment. 5.1.1 Title to the Purchased Equipment shall pass to the Operator upon payment in full of the balance of the Purchase Price, due on the Acceptance Date. 5.1.2 No rights to any plans or designs respecting the TCS-1 System shall pass to the Operator and the Operator shall not copy, reproduce, design, or build, or cause, assist, or suffer to be copied, reproduced, designed, or built by any other person, firm, or corporation any equipment in any way similar to, or based upon, the design or structure of the TCS-1 System.
Appears in 3 contracts
Samples: Equipment Lease and Purchase Agreement (Tirex America Inc), Equipment Lease and Purchase Agreement (Tirex America Inc), Equipment Lease and Purchase Agreement (Tirex Corp)
Title to Purchased Equipment. 5.1.1 Title to the Purchased Equipment shall pass to the Operator upon payment in full of the balance of the Purchase Price, due on the Acceptance Date.
5.1.2 No rights to any plans or designs respecting the TCS-1 TCTS-1 System shall pass to the Operator and the Operator shall not copy, reproduce, design, or build, or cause, assist, or suffer to be copied, reproduced, designed, or built by any other person, firm, or corporation any equipment in any way similar to, or based upon, the design or structure of the TCS-1 TCTS-1 System.
Appears in 2 contracts
Samples: Truck Tire Equipment Lease and Purchase Agreement (Tirex Corp), Truck Tire Equipment Lease and Purchase Agreement (Tirex Corp)
