Common use of You acknowledge Clause in Contracts

You acknowledge. (a) this Agreement creates a bailment between Apollo and You in respect of the Vehicle and Your interest in the Vehicle is as a bailee only; (b) nothing contained in this Agreement shall be construed as granting or entitling You to any ownership right or any other inconsistent proprietary right in or to the Vehicle; and (c) You agree not to part with possession, sell, lease, dispose of, encumber or assign any right or interest in the Vehicle and not create any security interest or any lien over the Vehicle (including in respect of repairs) other than security interests granted in favour of Apollo.

You acknowledge. (a) this Agreement creates a bailment between Apollo and You in respect of the Vehicle and Your interest in the Vehicle is as a bailee only; (b) nothing contained in this Agreement shall be construed as granting or entitling You to any ownership right or any other inconsistent proprietary right in or to the Vehicle; andand‌‌ (c) You agree not to part with possession, sell, lease, dispose of, encumber or assign any right or interest in the Vehicle and not create any security interest or any lien over the Vehicle (including in respect of repairs) other than security interests granted in favour of Apollo.