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.
What is 'Defeasance Clause' A mortgage provision indicating that the borrower will be given the title to the property once all mortgage terms are met. The defeasance clause is not required in states using property liens as collateral for a mortgage. In this sense, the clause is a substitute for collateral. A mortgage provision indicating that the borrower will be given the title to the property once all mortgage terms are met.  In this sense, the clause is a substitute for collateral.