Common use of System Ownership Clause in Contracts

System Ownership. The Products shall at all times remain the property of LiveTV, and LiveTV shall be permitted to display notice of ownership on such Products. LiveTV, in its sole discretion, may transfer ownership of the Systems or Products to a leasing company or other financial institution subject to the provisions of this Agreement. LiveTV shall notify JetBlue of any such transfers in a timely manor. JetBlue shall not acquire any ownership interest in any Product or spare unit supplied by LiveTV under this Agreement, except for the Provision Kits as provided per this Agreement.

Appears in 2 contracts

Sources: Agreement for in Flight Entertainment System and Supply of Services (Jetblue Airways Corp), Agreement for the in Flight Entertainment System Ltv2000 and Supply of Services (Jetblue Airways Corp)