Common use of Ownership and Security Interest Clause in Contracts

Ownership and Security Interest. Title to the Equipment shall remain at all times exclusively vested in Strad. Equipment shall at all times be properly marked as the property of Strad. Lessee covenants and agrees that it shall not remove, modify, alter or in any way deface Strad’s trade name, markings or serial numbers that appear on, or are located on the Equipment. Lessee grants Strad authority to file a UCC financing statement to protect its interest in the Equipment. To secure Lessee’s obligations, Lessee grants to Strad a continuing security interest in any interest ▇▇▇▇▇▇ has in the Equipment, in all proceeds

Ownership and Security Interest. Title to the Equipment shall remain at all times exclusively vested in Strad. Equipment shall at all times be properly marked as the property of Strad. Lessee covenants and agrees that it shall not remove, modify, alter or in any way deface Strad’s trade name, markings or serial numbers that appear on, or are located on the Equipment. Lessee grants Strad authority to file a UCC financing statement to protect its interest in the Equipment. To secure Lessee’s obligations, Lessee grants to Strad a continuing security interest in any interest ▇▇▇▇▇▇ Lessee has in the Equipment, in all proceedsproceeds thereof (including proceeds of insurance) and in any rental