Common use of Facilities Ownership Option Clause in Contracts

Facilities Ownership Option. Under ART's Facilities Ownership Option, ART shall transfer title to the Equipment specified in Attachment D-2 to Purchaser concurrently with the delivery of a Completion Notice pursuant to a ▇▇▇▇ of sale and such other documents as are reasonably necessary to accomplish such transfer. In connection with the transfer of title to such Equipment, ART shall assign to Purchaser, to the extent reasonably possible, any rights of ART to manufacturer's warranties relating to the Equipment.

Facilities Ownership Option. Under ART's Facilities Ownership Option, ART shall transfer title to the Equipment specified in Attachment D-2 C-2 to Purchaser concurrently with the delivery of a Completion Notice pursuant to a ▇▇▇▇ bill of sale and such other documents as are reasonably necessary to accomplish ▇▇▇▇mplish such transfer. In connection with the transfer of title to such Equipment, ART shall assign to Purchaser, to the extent reasonably possible, any rights of ART to manufacturer's warranties relating to the Equipment.