Possession and Ownership Clause Samples

Possession and Ownership. Except as shown on Exhibit 4 (a) attached to this Security Agreement, the Collateral is or will be in Debtor's possession (except for equipment or inventory provided to Debtor's customers in the ordinary course of business) and Debtor has or will acquire absolute title thereto and will defend the Collateral against the claims and demands of all persons other than Secured Party, the rights of customers to use the Collateral in the ordinary course of Debtor's business, and existing security interests and leaseholds shown on such Exhibit 4 (a). 2 - 724 -

Possession and Ownership. 3.1 After the Equity Transfer, the Company will continue to be in possession of the whole of each of the Properties and no other person is or will be actually or conditionally entitled to possession, occupation, use or control of any of the Properties, except for those disclosed in Exhibit 7-D. 3.2 After the Equity Transfer, the Company will continue to be the sole legal and beneficial owner of land use rights and/or building ownership rights connected to the Properties free from any Encumbrance, except for those disclosed in Exhibit 7-D. 3.3 Any Land Use Rights Grant/Transfer Contracts for the Properties, and Land Use Rights Certificates and Building Ownership Certificates owned by the Company, as the case may be, are all in the possession or under control of the Company. 3.4 No person or governmental authority has or claims any security interest, lien, option, or right of pre-emption in or over any of the Properties or any relevant documents, except for those disclosed in Exhibit 7-D. 3.5 No Property is affected by a subsisting contract for sale or other disposition of interest in it (with the exception of the documents for the purpose of the Equity Transfer).

Possession and Ownership. 11.1 Possession of, control over and ownership of the ASSETS will not pass over to the BUYER until he has complied with all his obligations to the satisfaction of the SELLER in terms of this contract and the BUYER shall not have the right to sell, dispose of, alienate or trade with the ASSETS in any manner whatsoever prior to ownership. 11.2 The SELLER will sign the necessary transfer documents to affect the passing of ownership to the BUYER upon fulfillment of the obligations of the BUYER and acceptance thereof by the SELLER. 11.3 The SELLER will be responsible for the costs of transfer of the shares into the name of the BUYER or nominated person/entity.

Possession and Ownership. Upon Buyer’s delivery of the Purchase Price and upon completion of any other requirements, unless otherwise agreed, possession of the Property shall be delivered by Seller to Buyer at the time of Settlement. Buyer acknowledges that the Property may be occupied at the time of Settlement. Buyer understands and agrees that if the subject property is occupied at time of Settlement, obtaining possession of the subject property shall solely be Buyer’s responsibility and expense. Buyer agrees to hold Seller harmless for any and all costs, fees, delays or expenses incurred as a result of the Property being occupied, including, but not limited to the initiation of eviction proceedings.

Possession and Ownership. 4.1 Possession of, control over, and ownership of the Intellectual Property Rights will be deemed to have been transferred to the PURCHASER on payment of the purchase price to the SELLER. 4.2 The PURCHASER shall thereafter have the sole and exclusive right to sell, dispose of, alienate, encumber, cede, trade with, or enforce the Intellectual Property Rights in any manner whatsoever that it deems appropriate.

Possession and Ownership. All hired goods remain the property of Tillys Garden Party Hire Ltd. At no point does the Hirer own the hired goods. In this document, “Us”, “We” and “

Possession and Ownership. Upon completion of a required training on the device handbook and internet safety, the device will be released to you. You will have the opportunity to purchase your assigned device at a cost after 4 consecutive school years. This rate will be determined by the governing board.

Possession and Ownership. Executive agrees that upon request by the Company, and in any event upon termination of his employment hereunder, Executive shall return promptly to the Company all documents, papers, memoranda, records, notes, reports, manuals (and all copies thereof) or other material in his possession or under his control which may contain or be derived from the trade secrets and/or Confidential Information or relate to the Company's business or that of its subsidiaries, including, but not limited to, the services, suppliers and customers of the Company or its subsidiaries, together with all documents, notes or other work product which is connected with or derived from Executive's services to the Company whether or not such material is at the date hereof in Executive's possession. Executive agrees that he shall have no proprietary interest in any work product made, developed, created or used by him and arising out of his employment by the Company. Executive shall, from time to time as may be requested by the Company, at the Company's expense, do all things which may be reasonably necessary to establish or document the Company's ownership of any such work product, including, but not limited to, execution of appropriate copyright, trademark, trade name or patent applications or assignments.

Possession and Ownership. 10.1 Possession of, control over and ownership of the ASSETS will not pass over to the BUYER until he has complied with all his obligations to the satisfaction of the SELLER in terms of this contract and the BUYER shall not have the right to sell, dispose of, alienate or trade with the ASSETS in any manner whatsoever prior to ownership.