Finance and Ownership Clause Samples

Finance and Ownership. The Our Lady of the Cape Primary School retains ownership of the device until the device has been fully paid for.
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Finance and Ownership. 4.1. Each Party will make the Capital Contributions to the NESTI Project in the amounts set out opposite their names in Schedule 3 but shall not be obliged to make any further or other commitment of cash or resources to the NESTI Project save as set out in this Agreement. 4.2. Each Party will ensure that its Capital Contribution is paid into the NESTI Project Bank Account and irrevocably committed to the NESTI Project on or before the Commencement Date. 4.3. The NESTI Project Bank Account shall be maintained by the ITA who shall ultimately apply the Capital Contributions only towards the NESTI Project in accordance with the Outline Business Plan. 4.4. The ITA shall subject to the other Parties complying with their obligations under this clause apply the Capital Contributions solely towards the NESTI Project. 4.5. It shall be a condition of any grant funding to transport operators as part of the NESTI Project that equipment procured by them as part of the NESTI Project shall be compliant with ITSO and the aims set out in the Outline Business Plan. 4.6. Title to the assets and software licences acquired using the Capital Contributions shall be held by the ITA (or as it may direct Nexus on its behalf) save in so far as the ITA shall in accordance with the Outline Business Plan make grants to transport operators as a contribution to the cost of transport operators equipment in which case a condition of such grants shall include a provision that title to such equipment shall be held by the relevant operator or its asset holding partner for the operating life of the equipment for the purposes of the NESTI Project. 4.7. The ITA (or, as it may direct, Nexus on its behalf) shall acquire equipment software, services and an ITSO compliant HOPS system as set out in the Outline Business Plan up to the value of the Capital Contributions and use its reasonable endeavours to ensure that they are made available to the Local Authorities (subject to their compliance with this Agreement) and local transport operators during the Term. 4.8. The NESTI Project may be terminated prior to the expiry of the Term only on the recommendation of the ANEC Leaders Board and with the written agreement of a majority of the Parties and in that event any unused Capital Contributions shall be returned to the Parties in proportion to the Capital Contributions made by them subject to deduction of any sums liable to be payable under any outstanding contractual or other obligation which has arisen...
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Finance and Ownership 
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Related to Finance and Ownership

  • Risk and Ownership Subject to clause C13 above, risk in the Goods shall, without prejudice to any other rights or remedies of the Authority (including the Authority’s rights and remedies under clause C16 below) pass to the Authority when delivery is completed to the Authority’s reasonable satisfaction.

  • License and Ownership (a) The Software provided by Mirantis as part of the Subscription Services are governed by license(s) contained or referenced in the Exhibit(s); (b) neither party has the right to use the other party’s marks provided that Mirantis may use Customer’s name and logo for the sole purpose of identifying Customer as a Mirantis customer; and (c) notwithstanding anything to the contrary contained in this Agreement or an Order Form, the ideas, methods, concepts, know-how, structures, techniques, inventions, developments, processes, discoveries, improvements and other information and materials developed in and during the course of any Services may be used by Mirantis, without an obligation to account (financially or otherwise), in any way Mirantis deems appropriate, including by or for itself or its customers or partners.