Transfer of ownership to the Lessee Sample Clauses

Transfer of ownership to the Lessee. The right of ownership of any Leased Items shall not be transferred to the Lessee. Each Leased Item shall be returned by the Lessee to the Lessor not later than the last day of the corresponding Lease Period in accordance with clause 11 of these General Terms and Conditions. Thereat, after the Lessee fulfils all its obligations under any Agreement (subject to these General Terms and Conditions), including, among other things, payment to the Lessor of the entire relevant Agreement Amount, but before the return of the relevant Leased Item to the Lessor, in accordance with clause 11 of these General Terms and Conditions, the Lessee will be entitled to purchase the corresponding Leased Item from the Lessor at a price equal to the amount of the Payment against Purchase (increased by VAT) indicated in the column “Payment against Purchase of the LI, net” of the corresponding Payment Schedule, under a separate purchase and sale agreement previously concluded by the Parties and the Act on fulfilment of obligations and acceptance of a car, to the Car Purchase and Sale Agreement, drawn up in the form specified in Annex No. 2 to these General Terms and Conditions (hereinafter referred to as the PSA) (subject to agreement of the terms of such a PSA). If the Parties have not signed such a PSA as of the beginning of the last day of the corresponding Lease Period, such a Leased Item shall be subject to return to the Lessor on the last day of the corresponding Lease Period, subject to clause 11 of these General Terms and Conditions, with the Lessee performing all the actions provided for in clause 11 of these General Terms and Conditions. The Lessee shall be obliged to notify the Lessor in advance of its decision to purchase any Leased Item in the manner specified in the previous clause, and of its intention to conclude the corresponding PSA not later than 60 (sixty) calendar days prior to the expiry date of the relevant Lease Period. In the event that the Lessee has an outstanding overdue debt in the payment of Lease Payments under any Agreement concluded between the Lessor and the Lessee in accordance with these General Terms and Conditions at the time of conclusion of the PSA or on the date specified in the PSA as the date of transfer of ownership of the Leased Item to the Lessee, the Lessor shall have the right to refuse the Lessee to acquire the ownership of the Leased Item by the Lessee under any other Agreement concluded between the Lessor and the Lessee in accordan...
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Transfer of ownership to the Lessee. CLAUSE 6. The Lessor shall transfer or procure the transfer of the possession of the Leased Asset to the Lessee through any method regarding the transfer of possession in accordance with the provisions of this contract. However, the Lessor shall be entitled not to transfer or procure transfer of the possession of the Leased Asset to the Lessee due to the Lessee's failure to fulfill its obligations arising from this contract in a complete and timely fashion, and if it rejects to deliver the Leased Asset for any such reason, the Lessor shall not have any liability and may not be required to complete the transfer of possession. In addition, any losses, costs incurred by the Lessor for such reason and any indemnity which it may be obliged to pay to the Seller shall be borne in cash and in full by the Lessee.
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Related to Transfer of ownership to the Lessee

  • Transfer of Ownership Trust..........................................................

  • Transfer of Possession Possession of the Property shall be transferred to Purchaser at the time of Closing subject to the Permitted Encumbrances.

  • Limitation on Transfer of Ownership Rights (a) No sale or other transfer of record or beneficial ownership of a Class R 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 Class R 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 Class R Certificate. Furthermore, in no event shall the Trustee accept surrender for transfer, registration of transfer, or register the transfer, of any Class R Certificate nor authenticate and make available any new Class R Certificate unless the Trustee has received an affidavit from the proposed transferee in the form attached hereto as Exhibit H. Each holder of a Class R Certificate by his acceptance thereof, shall be deemed for all purposes to have consented to the provisions of this Section 5.08(a).

  • Transfer of Know-How For the avoidance of doubt, unless specifically stated otherwise, nothing under this Agreement shall obligate Licensor to provide or otherwise make available to Licensee any copies or embodiments of any Know-How or make or provide or otherwise make available to Licensee any updates to any Know-How (even if Licensor or its Affiliates updates same for their own use).

  • Form of Ownership Check the appropriate box (one only) to indicate form of ownership. If the subscriber is a Custodian, Corporation, Partnership or Trust, please provide the additional information requested. o Individual o Joint Tenants with Right of Survivorship (Both signatures must appear on page 6.) o Corporation, Limited Liability Company or Partnership (Corporate Resolutions, Operating Agreement or Partnership Agreement must be enclosed.) o Trust Trustee’s Name: Trust Date: o Other: Provide detailed information in the space immediately below.

  • Type of ownership (You must check one box) Individual Custodian for Tenants in Common Uniform Gifts to Minors Act of the State of: __________ Joint Tenants with rights of Survivorship Corporation (Inc., LLC, LP) – Please List all officers, directors, partners, managers, etc.: Partnership (Limited Partnerships use “Corporation”) Trust Community Property Other (please explain)

  • Wire Transfer Operating Guidelines Articles 4A of the Uniform Commercial ------------------------------------------------------------------------ Code ----

  • Change of Ownership Contractor agrees that if there is a change or transfer in ownership of Contractor’s business prior to completion of this Contract, the new owners shall be required under terms of sale or other transfer to assume Contractor’s duties and obligations contained in this Contract and complete them to the satisfaction of County.

  • Transfers of Ownership If certificates representing shares of Parent Common Stock are to be issued in a name other than that in which the Certificates surrendered in exchange therefor are registered, it will be a condition of the issuance thereof that the Certificates so surrendered will be properly endorsed and otherwise in proper form for transfer and that the persons requesting such exchange will have paid to Parent or any agent designated by it any transfer or other taxes required by reason of the issuance of certificates representing shares of Parent Common Stock in any name other than that of the registered holder of the Certificates surrendered, or established to the satisfaction of Parent or any agent designated by it that such tax has been paid or is not payable.

  • Transfer of Optioned Interests For each exercise of the Equity Interest Purchase Option:

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