Transfer of Ownership Rights. The title to the subject of purchase is acquired by the Buyer on the day of acceptance thereof. At the same time, the risk of damage is transferred to the Buyer as well.
Transfer of Ownership Rights. Ownership rights for the goods are transferred to the Buyer upon full payment of the purchase price. An accepted xxxx of exchange is not considered payment. However, the Buyer reserves the right to sell, within the normal parameters of business, goods that have not yet been paid for. In such cases, ownership rights are transferred to the Buyer upon receipt of the goods. The Seller reserves the right to invoke the ownership retention provision in order to reclaim its sold property. The Seller may also deny the retail sale or installation of goods if the Buyer has any outstanding invoices from the Seller, or if insolvency proceedings have been started against the Buyer or the Buyer in some other way has demonstrated that its ability to make payments or its financial status has been compromised to the extent that the Buyer may not be able to make payments to the Seller. In such a case, the Buyer is obligated to surrender the goods in question to the Seller at the Seller’s request. If the Buyer is unable to pay off outstanding invoices in cash, payment can be made in goods that have been transferred to the Buyer’s ownership, provided that the Seller approves of this on a case-by-case basis.
Transfer of Ownership Rights. The ownership rights to the individual Work Parts shall pass to the Client upon the completion of each respective Deliverable.
Transfer of Ownership Rights. Upon the resignation or dismissal of the General Partner and the appointment of a new General Partner, the resigning or dismissed General Partner shall promptly transfer to the new General Partner, at the Partnership’s expense, the ownership rights in and to the assets of the Partnership, and it shall sign and deliver all deeds, certificates, declarations and other documents that are necessary or desirable to effect such a transfer.
Transfer of Ownership Rights. Upon payment by the consumer of all payments necessary to acquire ownership under subsection (b) or any early purchase option amount provided in the rental-purchase agreement, as appropriate, the merchant shall-- (1) deliver, or mail to the consumer's last known address, such documents or other instruments, which the Board has determined by regulation, are necessary to acknowledge full ownership by the consumer of the property acquired pursuant to the rental-purchase agreement; and
Transfer of Ownership Rights. No sale or other transfer of record or beneficial ownership of a Residual Certificate (whether pursuant to a purchase, a transfer resulting from a default under a secured lending agreement or otherwise) shall be made to a Disqualified Organization or an agent of a Disqualified Organization. The transfer, sale or other disposition of a Residual Certificate (whether pursuant to a purchase, a transfer resulting from a default under a secured lending agreement or otherwise) to a Disqualified Organization shall be deemed to be of no legal force or effect whatsoever and such transferee shall not be deemed to be an Owner for any purpose hereunder, including, but not limited to, the receipt of distributions on such Residual Certificate. Furthermore, in no event shall the Trustee accept surrender for transfer, registration of transfer, or register the transfer, of any Residual Certificate nor authenticate and make available any new Residual Certificate unless the Trustee has received an affidavit from the proposed transferee in the form attached hereto as Exhibit I. Each holder of a Residual Certificate by his acceptance thereof, shall be deemed for all purposes to have consented to the provisions of this Section 5.08(a). The Residual Certificates are not transferable except that the Owner of the Tax Matters Person Residual Interest may assign its interest to another Person who accepts such assignment and the designation as Tax Matters Person pursuant to Section 11.18 hereof. No other sale or other transfer of record or beneficial ownership of a Class R Certificate shall be made unless such transfer is exempt from the registration requirements of the Securities Act and any applicable state securities laws or is made in accordance with said Act and laws. In the event such a transfer is to be made within three years from the Startup day, (i) the Trustee or the Depositor shall require a written opinion of counsel acceptable to and in form and substance satisfactory to the Depositor and the Certificate Insurer in the event that such transfer may be made pursuant to an exemption, describing the applicable exemption and the basis therefor, from said Act and laws or is being made pursuant to said Act and laws, which opinion of counsel shall not be an expense of the Trustee, the Certificate Insurer or the Trust Estate, and (ii) the Trustee shall require the Transferee to execute an investment letter acceptable to and in form and substance satisfactory to each of the Seller...
Transfer of Ownership Rights. No transfer of a beneficial interest in the Trust or a Trust Certificate shall be made to any Person unless (i) such Person delivers to the Owner Trustee an accession agreement substantially in the form of Exhibit B hereof, (ii) such Person has a net worth as shown by its most recent audited financial statements of not less than the product of $10,000,000 and such Person's Ownership Percentage after the proposed transfer and (iii) the Owner Trustee shall have received a written opinion of counsel in form and substance satisfactory to the Owner Trustee stating that such transfer is exempt from the 1933 Act and any applicable state securities law. Further, no transfer of a beneficial interest in the Trust or Trust Certificate or any rights or benefits with respect thereto (including the right to receive distributions) shall be permitted unless Owner Trustee shall have received an opinion of counsel, to the effect that such transfer will not cause the Issuer to be treated for U.S. federal income tax purposes as an association (or publicly-traded partnership) taxable as a corporation, and will not adversely affect the federal income tax treatment of the Noteholders (other than the holder of the Residual Notes) in any material respect.
Transfer of Ownership Rights. The ownership rights to any Device shall pass to the Client upon the physical handover of each respective Device by the Contractor to the Client in the place of delivery (a moment of delivery note execution) or upon execution of SAT Acceptance Certificate in cases of deliverables where site acceptance tests are to be carried out (Deliverables D2, D6 and D7). The risk of loss and damage to any Device shall pass to the Client upon its offloading from a carrier vehicle at the place of delivery. For towers and pipe structures (Deliverable D2) the Contractor shall be liable for the loss or damage of the respective Devices until their installation and final acceptance by the Client. XI.
Transfer of Ownership Rights. 8.1. The ownership right to the work shall be transferred from the Contractor to the Client by the handover of the Protocol of work.
8.2. The Client shall be entitled to transfer the license to use the work or its part to a third party, even without the consent of the Contractor.
8.3. The Contractor shall not be entitled to provide the copies of the work or its part to a third party without the consent of the Client.
Transfer of Ownership Rights a. The Author may, at any time during the term of this agreement, transfer the ownership of their Work to the Publisher on payment of a fixed fee agreed in writing or by e-mail by both parties.
b. At all times the Author will retain their right to be credited as the originator of the Work, regardless of the format in which the work is used.
c. The transfer of ownership rights may be in perpetuity or may be for a time limited period and will be subject to a separate agreement signed by both parties. That agreement will detail which rights are being sold or transferred.
