Common use of Title to Vehicles and Operating Equipment Clause in Contracts

Title to Vehicles and Operating Equipment. Unless otherwise provided herein, the Authority shall at all times retain title to all Operating Equipment used by the Contractor under this Contract, whether provided initially or after Contract commencement, and whether purchased by the Authority or by the Contractor pursuant to a written authorization from the Authority. If the Authority authorizes the Contractor to obtain any Operating Equipment by lease it may direct the Contractor to assign such lease to the Authority at any time, including but not limited to, immediately or upon the termination or expiration of the Contract. All vehicles shall be licensed in the Commonwealth of Virginia and shall be subject to the inspection requirements of the Commonwealth of Virginia.