Common Contracts
1 similar Unit Exchange Agreement contracts
ContractUnit Exchange Agreement • November 4th, 2010
Customer agrees and warrants that title to, and ownership of, the Exchange Unit shall remain with and be vested in Seller and is free and clear of any and all encumbrances of and nature whatsoever, until the earliest (a) the Exchange Unit is installed on Customer’s Aircraft or (b) when Customer has returned an Off Unit acceptable Seller as described herein, or (c) when Customer sells or exchanges the Exchange Unit to a third party, at which time to the Exchange Unit will vest in Customer. Simultaneously, title to, and ownership of, the Off Unit will vest, free and clear of any and all encumbrances of any nature whatsoever with Seller. Customer expressly agrees and warrants to perfect and deliver such title, ownership, and Off Unit to Seller as required by this agreement.
