Common use of Title to the System Clause in Contracts

Title to the System. Throughout the duration of the Agreement, SPD shall be the legal and beneficial owner of the System at all times, and the System shall remain the personal property of the SPD and shall not attach to or be deemed a part of, or fixture to, the Premises. Buying Entity covenants that it will use its best efforts to place all parties having an interest in or lien or encumbrance upon the real property comprising the Premises on notice of the ownership of the System and the legal status the System as the personal property of the SPD. If there is any mortgage or other security interest created or granted upon the Premises which could reasonably be construed as attaching to the System as a fixture of the Premises, Buying Entity shall procure, at the SPD’s request, a release from such lien holders.