TRANSFER OF TITLE AND OWNERSHIP Sample Clauses
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TRANSFER OF TITLE AND OWNERSHIP. By this AGREEMENT, the DEVELOPER, shall convey to the CITY, title to all water distribution and wastewater collection and transmission facilities installed by the DEVELOPER or the DEVELOPER's contractor, pursuant to the provisions of this WATER AND WASTEWATER AGREEMENT. Such conveyance shall take effect pursuant to Division 3 and 4 of Article II, Chapter 13 of the Coconut Creek Land Development Code. Included in the approval and acceptance of the system by the CITY Engineer, shall be documentation demonstrating the DEVELOPER's compliance with the above- referenced sections of the Land Development Code. As further evidence of said transfer of title, and upon the completion of the installation and prior to the rendering of service by the CITY, the DEVELOPER shall convey to the CITY at the request of the CITY by "Bill of Sale," in form satisfactory to the CITY's counsel, the complete on-site water distribution and wastewater collection and transmission facilities. The DEVELOPER shall further cause to be conveyed to the CITY all easements and rights- of-ways covering areas in which water and wastewater facilities are installed, by recordable document in form satisfactory to the CITY's counsel. The DEVELOPER shall also convey, by Warranty Deed, any and all wastewater collection and transmission facilities. All conveyance of easements, rights-of-ways, or Warranty Deeds shall be accompanied by evidence of title, satisfactory to the CITY, establishing the DEVELOPER's right to convey such easements, rights-of-ways or Warranty Deeds and further evidencing the CITY's right to the continuous enjoyment of such easements, rights-of-way or Warranty Deed properties to the exclusion of any other person in interest. The CITY agrees that the acceptance of the water distribution and wastewater collection and transmission facilities installed by the DEVELOPER shall constitute the assumption of responsibility by the CITY for the continuous operation and maintenance of such systems from that date forward. Mortgagees, if any, holding prior liens on such properties shall be required to release such liens, subordinate their position or join in the grant dedication of the easements, rights-of-way or Warranty Deeds, prior to acceptance of said dedication, easement, right-of-way or deed by the CITY. All water distribution or wastewater collection and transmission facilities, save and except consumer installations, shall be covered by easements, rights-of-way or warranty deeds. Neither...
TRANSFER OF TITLE AND OWNERSHIP. 11.1 Without prejudice to the provisions of Section 9.1, the Equipment shall remain the Seller's property until the relevant purchase price will have been paid in full. In the event the applicable laws do not permit the Seller to retain title, the Seller shall be entitled to a security interest or charge in the asset. The Buyer shall give the Seller every assistance in securing an interest in the property or taking any measure required to protect Seller's title or such other rights. The retention of title, security interest or charge shall not affect the passing of risk of loss and/or damage under Section 9.
11.2 Seller shall retain title to any software and documentation. To the extent that such software and documentation are included in the scope of delivery, then Buyer shall receive a royalty-free, non-exclusive and non-transferable license to use such software and documentation only in connection with the Equipment and for no other purpose whatsoever.
TRANSFER OF TITLE AND OWNERSHIP. So long as Buyer is not in default with respect to any of its obligations hereunder, pursuant to Section 7 hereof, upon payment of the purchase price and all other amounts due or payable hereunder, Seller shall transfer to Buyer the title to and ownership of the Equipment, on an "as is, where is" basis and such transfer of title shall not impply any warranty other than normally offered by Seller for the Equipment.
TRANSFER OF TITLE AND OWNERSHIP. 7.2.1 Provided that the Development Completion Date occurs on or before the Projected Completion Date, the Final Istisna’ Instalment shall be paid on the Development Completion Date.
7.2.2 On payment of the Final Istisna’ Instalment:
(a) title, possession and risk to the Istisna’ Development shall automatically pass and transfer from the Seller to the Investment Agent free of any Security other than for any Permitted Security; and
(b) the Seller shall provide the same warranties to the Investment Agent in relation to the Istisna’ Development as it receives under the Main Construction Agreement, in form and substance satisfactory to the Investment Agent.
TRANSFER OF TITLE AND OWNERSHIP. The risk as to price and performance as well as the title in the Goods shall pass to Purchaser in accordance with the applicable Incoterm. However, if the Agreement provides for a formal acceptance, the aformentioned risks shall not pass prior to such acceptance. Unless otherwise agreed, the place of risk-transfer shall also determine the place of performance. If the PO provides for Supplier to perform any design, engineering, analytical or similar work or provides for the delivery of any software, firmware, copyrightable materials or derivative works thereof specifically made for Purchaser, all such work and deliverables shall constitute “works made for hire”, and all right, title and interest that Supplier has in and to any patentable invention, know‐how and trade secrets, copyrightable materials and derivative works thereof that Supplier shall conceive, originate or reduce to practice, either individually or jointly with others, in connection with its performance of a PO are hereby assigned to Purchaser and shall be Purchaser’s sole and exclusive property. Supplier shall maintain Comprehensive General Liability with an insurer acceptable to Purchaser, in an amount (in the currency set forth in the PO) of no less than five million Euros (€ 5,000,000) per occurrence, for damage to or destruction of property (including loss of use), including products and completed operations coverage and contractual liability, or a combined single limit of five million Euros (€ 5,000,000) for bodily injury including death. Supplier shall name Purchaser as an additional insured and provide a certificate of insurance. Any deductible or self-insurance shall be of a level acceptable to Purchaser. In case that the Agreement provides for an Incoterm that imposes on Supplier the transportation risk and/or obligation to carry out appropriate insurance, Supplier shall provide such insurance coverage and issue to Purchaser a certificate of insurance. Except as otherwise provided herein, Supplier´s liability shall be subject to the applicable law. Supplier shall neither disclaim nor limit his legal liability towards Purchaser. Supplier shall be liable for the fault of its sub-contractors or his suppliers as if it was its own fault. Supplier shall be liable for defective products regardless of fault or negligence, if and to the extent that such a (strict) liability is provided by the applicable law. These GCP, any PO, and all acts or omissions of the parties related to these GCP or a...
TRANSFER OF TITLE AND OWNERSHIP. Ownership of the Goods passes to us at delivery. To the extent that the Goods contain software necessary for operation of Goods, and embedded in and delivered as integral part of Goods (the “Embedded Software”), ownership of such Embedded Software will not pass to us, but Supplier shall grant, or – as applicable – shall procure that the third party owner grants, us and all users a worldwide, irrevocable, perpetual, transferable, non- exclusive, royalty-free right to use the Embedded Software as integral part of such Goods and/or for servicing either of them. We shall own any documents including specifications, drawings, or designs supplied by us, or produced by Supplier for us with respect to the Goods or Services covered by the Agreement. If the PO provides for Supplier to perform any design, engineering, analytical or similar work or provides for the delivery of any software, firmware, copyrightable materials or derivative works thereof specifically made for us, all such work and deliverables shall constitute “works made for hire” under the Copyright Act, and all right, title and interest that Supplier has in and to any patentable invention, know‐how and trade secrets, copyrightable materials and derivative works thereof that Supplier shall conceive, originate or reduce to practice, either individually or jointly with others, in connection with its performance of a PO are hereby assigned to us and shall be our sole and exclusive property.
TRANSFER OF TITLE AND OWNERSHIP. The title, right and interest to be conveyed shall be subject to applicable laws, the Declaration, and the Design Standards and Guidelines, the Articles of Incorporation and the By-Laws of the BGCEA of which shall be a member in accordance with Section 10, its rules and regulations, zoning regulations, other restrictions on the use of the Lot as may be imposed by governmental and other authorities having jurisdiction over them and the restrictions in Section 6.1, by all of which the BUYER agrees to be bound. The SELLER shall deliver to the BUYER the transfer certificate of title covering the Lot upon the issuance thereof by the appropriate register of deeds.
TRANSFER OF TITLE AND OWNERSHIP. Ownership of the Goods passes to us at delivery. To the extent that the Goods contain software necessary for operation of Goods, and embedded in and delivered as integral part of Goods (the “Embedded Software”), ownership of such Embedded Software will not pass to us but Supplier must inform us expressly about Embedded Software prior to the Agreement being entered into. Additionally, Supplier shall grant, or – as applicable – shall procure that the third party owner grants, us and all users a worldwide, irrevocable, perpetual, transferable, non-exclusive, royalty-free right to use the Embedded Software as integral part of such Goods. Failure of Supplier to abide by the provisions contained in this article and relating to Embedded Software is to be regarded as a material breach of the Agreement, in which case we may withdraw from the Agreement without prejudice to any of our rights to claim full damages.