Certificates of Ownership Clause Samples
The Certificates of Ownership clause establishes the requirement for formal documentation proving a party's legal ownership of certain assets or property. Typically, this clause outlines the process by which certificates or other official records must be provided, either at the outset of an agreement or upon request, to verify ownership status. For example, in a transaction involving shares or real estate, the seller may need to present certificates or deeds as evidence. The core function of this clause is to ensure transparency and prevent disputes by clearly documenting and verifying ownership before proceeding with contractual obligations.
Certificates of Ownership. Borrower shall deliver to Lender, at any time and from time to time, not more than 5 days after Lender’s written request therefore, a certificate, in form acceptable to Lender, signed and dated by Borrower and Owner, listing the names of all persons and entities holding direct legal or beneficial interests in the Property or any Restricted Party and the type and amount of each such interest.
Certificates of Ownership. Grantor shall deliver to Grantee, at any time and from time to time, not more than five (5) days after ▇▇▇▇▇▇▇’s written request therefor, a certificate, in form acceptable to Grantee, signed and dated by Grantor, listing the names of all persons and entities holding direct or indirect legal or beneficial interests in the Property or any Restricted Party and the type and amount of each such interest, except for the ownership of ▇▇▇▇ Credit Property Trust III, Inc., a Maryland corporation, for which a certificate shall not be required.
Certificates of Ownership. The term “Certificates of Ownership” shall mean all of Debtor’s certificates of title.
Certificates of Ownership. Trustor shall deliver to Beneficiary, at any time and from time to time, not more than five (5) days after Beneficiary’s written request therefor, a certificate, in form acceptable to Beneficiary, signed and dated by Trustor, listing the names of all persons and entities holding direct or indirect legal or beneficial interests in the Property or any Restricted Party and the type and amount of each such interest, except for the ownership of ▇▇▇▇ Credit Property Trust III, Inc., a Maryland corporation, for which a certificate shall not be required.
Certificates of Ownership. Borrower shall deliver to Administrative Agent, at any time and from time to time, not more than five (5) days after Lender’s written request therefor, a certificate, in form acceptable to Administrative Agent, signed and dated by Borrower, listing the names of all Persons holding direct or indirect legal or beneficial interests in the Property or any Borrower or Non-Borrower Mortgagor and the type and amount of each such interest; provided, however, in no event shall Borrower be obligated to provide such information with respect to the ownership of Guarantor.
Certificates of Ownership. Each Partner’s Partnership Units may, in the sole and absolute discretion of the General Partner, either be evidenced by one or more registered certificates of ownership or be uncertificated; provided that certificates of ownership previously issued with respect to a Partner’s Partnership Units will continue to evidence such Partnership Units unless and until such certificates are submitted to the Partnership upon transfer, conversion or otherwise. Any such certificates shall contain a legend evidencing the restrictions on transfer of the Partnership Units, which legend shall be substantially similar to the legend contained on the cover page of this Agreement.
Certificates of Ownership. If the Members elect to issue certificates of ownership, then each certificate must include a conspicuous statement notifying the certificate holder of the restriction on the rights to transfer and withdraw. That statement must appear conspicuously on the certificates, and must be consistent with Section ▇▇-▇▇-▇▇▇ of the Supplement.
Certificates of Ownership. In order to verify the requirements of this Section 8.30 below, Borrower shall deliver to Administrative Agent, at any time and from time to time, not more than five (5) Business Days after Administrative Agent’s written request therefor, a certificate, in form acceptable to Administrative Agent, signed and dated by Borrower, listing the names of all Persons holding direct or indirect legal or beneficial interests in the Property or any Loan Party and the type and amount of each such interest; provided, however, that such requirement shall not apply to holders of units in Guarantor to the extent that such units consist, in the aggregate, of less than 2% of the entire equity interest in such entity and Borrower and Operating Lessee continue to be Controlled by Guarantor as provided in Section 8.19.
Certificates of Ownership. Mortgagor shall deliver to Mortgagee, at any time and from time to time, not more than five (5) days after Mortgagee’s written request therefor, a certificate, in form acceptable to Mortgagee, signed and dated by Mortgagor, listing the names of all persons and entities holding direct or indirect legal or beneficial interests in the Property or any Restricted Party and the type and amount of each such interest, except for the ownership of ▇▇▇▇ Credit Property Trust III, Inc., a Maryland corporation, for which a certificate shall not be required.
Certificates of Ownership. Upon Borrower's execution of this Agreement, Borrower shall deliver to the Lender the originals of all certificates of title, certificates of ownership, evidences of ownership, and all other similar documents and instruments (collectively, the "Certificates of Ownership") relating to all Equipment in which Borrower now has an interest. Upon Borrower's acquisition of an interest in any item of Equipment following the date of this Agreement, Borrower shall deliver within five (5) business days to the Lender the Certificate of Ownership, if any, relating to such item of Equipment. Each such Certificate of Ownership delivered to the Lender under this Section shall be properly endorsed to the Lender.