Common use of Title to System Clause in Contracts

Title to System. Subject to Judicial Council’s right to acquire the System upon Licensee’s default, Licensee, System Lessor, or their permitted assigns with respect to the System, shall at all times retain title to and be the legal and beneficial owner of the System, including the right to any tax credits available under federal or State law. The Judicial Council and Licensee, acknowledge and agree that the System shall remain the personal property of Licensee, System Lessor, or their permitted assigns and shall not attach to or be deemed a part of, or fixture to, the Licensed Area or Site; and that the System shall at all times retain the legal status of personal property. The System shall be clearly marked and identified by Licensee as being the personal property of Licensee, System Lessor or their permitted assigns.

Title to System. Subject to Judicial Council’s right to acquire the System upon Licensee’s default, Licensee, System Lessor, or their permitted assigns with respect to the System, shall at all times retain title to and be the legal and beneficial owner of the System, including the right to any tax credits available under federal or State law. The Judicial Council and Licensee, acknowledge and agree that the System shall remain the personal property of Licensee, System Lessor, or their permitted assigns and shall not attach to or be deemed a part of, or fixture to, the Licensed Area or Site; and that the System shall at all times retain the legal status of personal property. The System shall be clearly marked and identified by Licensee as being the personal property of Licensee, System Lessor Lessor, or their permitted assigns.

Title to System. Subject to Judicial Council’s right to acquire the System upon Licensee’s default, Licensee, System Lessor, or their permitted assigns with respect to the System, shall at all times retain title to and be the legal and beneficial owner of the System, including the right to any tax credits available under federal or State law. The Judicial Council and Licensee, acknowledge and agree that the System shall remain the personal property of Licensee, System Lessor, or their permitted assigns and shall not attach to or be deemed a part of, or fixture to, the Licensed Area or Site; and that the System shall at all times retain the legal status of personal property. The System shall be clearly marked and identified by Licensee as being the personal property of Licensee, System Lessor Lessor, or their permitted assigns.. 15