On top of the slewing unit are three parts: 1  The long horizontal jib (or working arm), which is the portion of the crane that carries the load. 2  The shorter horizontal machinery arm, which contains the crane's motors and electronics as well as the large concrete counter weights 3  : The operator's cab :
Petropedia explains Habendum Clause. A Habendum Clause is one of the important clauses in the real estate property and in oil and gas lease business. This clause defines the types of interests and the rights that a grantee or a lessee can enjoy on a piece of land.
The Defeasance Clause As part of a mortgage agreement, the defeasance clause provides the buyer the right to secure the title, or deed, for the property once the debt is paid in full. Prior to that time, the financial institution backing the loan has all rights to the title as it functions as collateral for the associated debt.