Vesting of Ownership. Upon formal final acceptance of the work by CITY and recordation of the Resolution of Acceptance of Public Improvements, ownership of the improvements constructed pursuant to this Agreement shall vest in CITY.
Vesting of Ownership. (i) Effective on and as of each Purchase Date (A) prior to the occurrence of the Committed Purchaser Funding Event, the Conduit Purchaser shall own the Purchaser Interests sold by the Seller hereunder on such Purchase Date, and (B) on and after the occurrence of the Committed Purchaser Funding Event, the Committed Purchaser shall own the Purchaser Interests sold by the Seller hereunder on such Purchase Date. The Seller shall not take any action inconsistent with such ownership and shall not claim any ownership interest in such Purchaser Interests.
Vesting of Ownership. Upon recordation of the Notice of Acceptance, ownership of the Works of Improvement shall vest in the City.
Vesting of Ownership. (i) Effective on and as of each Purchase Date, the Purchasers shall own the Purchaser Interests sold by the Seller hereunder on such Purchase Date. The Seller shall not take any action inconsistent with such ownership and shall not claim any ownership interest in such Purchaser Interests. Each Purchaser hereby appoints the Purchaser Agent as its agent for purposes of perfecting its ownership interest in the Purchaser Interests.
Vesting of Ownership. The Parties must co-operate with each other Party and promptly do all acts and things and execute all documents which may be necessary or desirable for the purpose of vesting ownership of the legal and beneficial interest in the Project IP as required from time to time under this Agreement.
Vesting of Ownership. (i) Effective on and as of each Purchase Date, the Purchasers shall own the Purchaser Interests sold by MRFC hereunder on such Purchase Date. MRFC shall not take any action inconsistent with such ownership and shall not claim any ownership interest in such Purchaser Interests.
Vesting of Ownership. 4 (d) Repurchases of Transferred Receivables................................. 4 Section 2.05. Facility Termination Date.............................................. 5 Section 2.06.
Vesting of Ownership. The Parties must co-operate with each other Party and promptly do all acts and things and execute all documents which may be necessary for the purpose of vesting ownership of the legal and beneficial interest in the Project IP as required under this Agreement. Dealing with Project IP Subject to clauses 10 and 12, [insert] prior to the expiration of 10 years from the Commencement Date may not deal with, dispose of or encumber the Project IP, without the written consent of the Company, such consent not to be unreasonably withheld or delayed.
Vesting of Ownership. (i) Effective on and as of each Purchase Date on which a Swing Line Purchase is made, the Swing Line Purchaser shall own all Transferred Receivables sold by the Seller hereunder on such Purchase Date. The Seller shall not take any action inconsistent with such ownership and shall not claim any ownership interest in such Transferred Receivables.
Vesting of Ownership. Effective on and as of each Purchase Date, the Purchaser shall own all Transferred Receivables sold by the Seller hereunder on such Purchase Date. The Seller shall not take any action inconsistent with such ownership and shall not claim any ownership interest in such Transferred Receivables. The Seller shall indicate in its Records that ownership of such Transferred Receivables is vested in the Purchaser. In addition, the Seller shall respond to any inquiries with respect to the ownership of any such Transferred Receivable by stating that it is no longer the owner of such Transferred Receivable and that ownership thereof is vested in the Purchaser. The Seller and the Servicer shall hold all Contracts and other documents and incidents relating to such Transferred Receivables in trust for the benefit of the Purchaser, as the owner thereof, and for the sole purpose of facilitating the servicing of such Transferred Receivables. The Seller and the Servicer hereby acknowledge that their retention and possession of such Contracts and documents shall at all times be at the sole discretion of the Purchaser and in a custodial capacity for the Purchaser's benefit only. (d)
