OWNERSHIP OF THE ASSETS. LNY will have exclusive and absolute ownership and control of its assets, including all assets in the Variable Account.
OWNERSHIP OF THE ASSETS. We will have exclusive and absolute ownership and control of Our assets, including all assets in the Variable Account.
OWNERSHIP OF THE ASSETS. GIAC shall have ownership and control of its assets, including all assets allocated to Account R.
OWNERSHIP OF THE ASSETS. SCHEDULE 2.4(i) attached hereto sets forth a true, correct and complete list of all claims, liabilities, liens, pledges, charges, encumbrances and equities of any kind affecting the Assets (collectively, the "Encumbrances"). The Seller is, and at the Closing will be, the true and lawful owner of the Assets, and will have the right to sell and transfer to the Buyer good, clear, record and marketable title to the Assets, free and clear of all Encumbrances of any kind, except as set forth on SCHEDULE 2.4(ii) attached hereto (the "Permitted Encumbrances"). The delivery to the Buyer of the instruments of transfer of ownership contemplated by this Agreement will vest good and marketable title to the Assets in the Buyer, free and clear of all liens, mortgages, pledges, security interests, restrictions, prior assignments, encumbrances and claims of any kind or nature whatsoever, except for the Permitted Encumbrances.
OWNERSHIP OF THE ASSETS. The Company shall have exclusive and absolute ownership and control of its assets, including all assets in the Separate Account.
OWNERSHIP OF THE ASSETS. Schedule 2.3(i) attached ----------------------- --------------- hereto sets forth a true, correct and complete list of all claims, liabilities, liens, pledges, charges, encumbrances and equities of any kind affecting the Assets (collectively, the "Encumbrances"). The Seller is, and at the Closing will be, the true and lawful owner of the Assets, and will have the right to sell and transfer to the Buyer good, clear, record and marketable title to the Assets, free and clear of all Encumbrances of any kind, except as set forth on Schedule 2.3(ii) attached hereto (the "Permitted Encumbrances"). Seller shall ---------------- deliver to the Buyer the instruments of transfer of ownership contemplated by this Agreement and shall thereby deliver to the Buyer good and marketable title to the Assets , free and clear of all liens, mortgages, pledges, security interests, restrictions, prior assignments, encumbrances and claims of any kind or nature whatsoever, except for the Permitted Encumbrances.
OWNERSHIP OF THE ASSETS. The Seller has, and the transfer by the Seller of the Assets will pass to the Buyer, good title to the Assets, free and clear of any claims, liens, encumbrances and security interests whatsoever.
OWNERSHIP OF THE ASSETS. (a) The Assets, together with the rights of Purchaser under this Agreement and the Intellectual Property License Agreement and the Transition Services Agreement, include all assets, properties and rights (other than Overhead and Shared Services) necessary and sufficient to provide the products and services offered by, and to conduct, the Business substantially in the manner and to the extent currently conducted.
(b) Seller or one of its Subsidiaries holds good and valid title to or has a valid leasehold interest or license in all of the Assets free and clear of any and all Liens, except for Permitted Liens.
(c) All material tangible Assets are in satisfactory operating condition for the uses to which they are being put, subject to ordinary wear and tear and ordinary maintenance requirements.
OWNERSHIP OF THE ASSETS. 10.1 The real estate assets such as xxxxx and buildings and their equipment, the wharves, roads, bridges, canals, ports, docks, dams, jetties, water pipes, channels, reservoirs, basins, railroads, land, construction, warehouses, offices, plants, as well as the machines and equipment established permanently in the Delimited Zone, purchased or built by Contractor after the Effective Date, as well as the movables acquired or manufactured by it for the Oil Operations, are property of the State. Contractor will have exclusive use, free of charge of these movables and real estate, as part of the Contract. It may also use them to carry out other Oil Operations governed by other contracts to which it is a party, against payment of a rental calculated appropriately and approved by the Administration. The resulting revenues are posted to the account of the Oil Costs and are deducted from them. They are paid to the State if the Oil Costs still to be recovered correspond only to operating expenses. To cover these goods, the Contractor takes out on behalf of the State, all insurance necessary, as required by current regulations and according to generally admitted practice. The insurance premiums paid for this purpose are included in the Oil Costs. The indemnities received in the event of loss are posted to the account of the Oil Costs and are deducted from them. They are paid back to the State if the Oil Costs remaining to be recovered correspond only to operating expenses, unless they are used to replace goods lost or destroyed or if they correspond to the indemnity of a loss suffered by one or several entities making up Contractor, such as for example operating losses.
10.2 The provisions in Article 10.1 do not apply to the goods belonging to said parties, to an entity member of Contractor other than the State or the Affiliated Companies rented by Contractor under a lease or simple rental.
10.3 Under equivalent conditions economic, Contractor undertakes to give priority to the purchase of goods over the lease or rental. Concerning Heavy Equipment, before choosing whether to buy or rent, Contractor must obtain the opinions, suggestions and recommendations of the Technical Committee for the Follow-up of Oil Operations and submit its choice, duly motivated, to the approval of the Administration. This choice becomes final only after the approval is obtained. When examining the Annual Work Program and the corresponding Budget, the Administration designates the Heavy Equip...
OWNERSHIP OF THE ASSETS. Schedule 2.3 attached hereto sets forth a true, correct and complete list of all claims, liabilities, liens, pledges, charges, encumbrances and equities of any kind affecting the Assets (collectively, the "ENCUMBRANCES"). The Seller is, and at the Closing will be, the true and lawful owner of the Assets, and will have the right to sell and transfer to the Buyer good, clear, record and marketable title to the Assets, free and clear of all Encumbrances of any kind. The delivery to the Buyer of the instruments of transfer of ownership contemplated by this Agreement will vest good and marketable title to the Assets in the Buyer, free and clear of all liens, mortgages, pledges, security interests, restrictions, prior assignments, encumbrances and claims of any kind or nature whatsoever other than any disclosed Encumbrances.
