Ownership of Hotel Premises Sample Clauses

Ownership of Hotel Premises. The Hotel Premises along with the Hotel Plot and any all construction, development, structures, additions, modifications and expansions at the Hotel Premises carried out by the Lessee complying with the Applicable Laws and the Master Plan shall, at all times be owned by the Lessor and vest solely with the Lessor, together with all installations of immovable nature such as electric sub‐stations, the removal of which is likely to cause damage or deterioration in value of the Hotel Premises, and execution of this Lease Deed shall in no manner be interpreted to mean any transfer or alienation of such ownership rights, interest or entitlements in any manner by the Lessor to the Lessee. Upon completion of construction and development of the Hotel Premises in terms of the sanction building plans and other Applicable Permits, any re‐construction or re‐development on the Hotel Plot during the Term, may only be permitted with the prior written consent of the Lessor. Hotel premises ownership will vest with the Lessor has been mentioned in the context that the hotel premises are on a leasehold basis.
Sample 1
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Ownership of Hotel Premises. The Hotel Premises along with the Land earmarked for the Hotel and any all construction, development, structures, additions, modifications and expansions at the Hotel Premises carried out by the Concessionaire complying with the Applicable Laws and the Master Plan shall, at all times be owned by the Licensing Authority and vest solely with the Licensing Authority, together with all installations of immovable nature such as electric sub‐stations, the removal of which is likely to cause damage or deterioration in value of the Hotel Premises, and execution of this CONCESSION AGREEMENT shall in no manner be interpreted to mean any transfer or alienation of such ownership rights, interest or entitlements in any manner by the Licensing Authority to the Concessionaire. Upon completion of construction and development of the Hotel Premises in terms of the sanction building plans and other Applicable Permits, any re‐construction or re‐development on the Land earmarked for the Hotel during the Term, may only be permitted with the prior written consent of the Licensing Authority. Hotel premises ownership will vest with the Licensing Authority has been mentioned in the context that the hotel premises are on a license basis.
Sample 1

Related to Ownership of Hotel Premises

  • Ownership of Improvements All modifications, alterations and improvements made or added to the Leased Premises by Tenant (other than Tenant’s inventory, equipment, movable furniture, wall decorations and trade fixtures) shall be deemed real property and a part of the Leased Premises, but shall remain the property of Tenant during the Lease, and Tenant hereby covenants and agrees not to grant a security interest in any such items to any party other than Landlord. Any such modifications, alterations or improvements, once completed, shall not be altered or removed from the Leased Premises during the Lease Term without Landlord’s written approval first obtained in accordance with the provisions of Paragraph 6.1 above. At the expiration or sooner termination of this Lease, all such modifications, alterations and improvements other than Tenant’s inventory, equipment, movable furniture, wall decorations and trade fixtures, shall automatically become the property of Landlord and shall be surrendered to Landlord as part of the Leased Premises as required pursuant to Article 2, unless Landlord shall require Tenant to remove any of such modifications, alterations or improvements in accordance with the provisions of Article 2, in which case Tenant shall so remove same. Landlord shall have no obligations to reimburse Tenant for all or any portion of the cost or value of any such modifications, alterations or improvements so surrendered to Landlord. All modifications, alterations or improvements which are installed or constructed on or attached to the Leased Premises by Landlord and/or at Landlord’s expense shall be deemed real property and a part of the Leased Premises and shall be property of Landlord. All lighting, plumbing, electrical, heating, ventilating and air conditioning fixtures, partitioning, window coverings, wall coverings and floor coverings installed by Tenant shall be deemed improvements to the Leased Premises and not trade fixtures of Tenant.

  • Ownership of Facilities a) The Member shall own and be solely responsible for all expense, installation, maintenance, and operation of all facilities, including all power generating facilities, at and beyond the point of delivery as defined in the Cooperative’s tariffs.

  • Ownership of Company Property The Company’s assets shall be deemed owned by the Company as an entity, and the Member shall have no ownership interest in such assets or any portion thereof. Title to any or all such Company assets may be held in the name of the Company, one or more nominees or in “street name”, as the Member may determine.

  • Ownership of Software The Parties acknowledge that any software provided by the Authority is and remains the property of the Authority.

  • Ownership of Drawings All copies of Plans, Drawings, Designs, Specifications, and copies of other incidental architectural and engineering work, or copies of other Contract Documents furnished by District, are the property of District. They are not to be used by Developer in other work and, with the exception of signed sets of Contract Documents, are to be returned to District on request at completion of Work, or may be used by District as it may require without any additional costs to District. Neither Developer nor any Subcontractor, or material or equipment supplier shall own or claim a copyright in the Drawings, Specifications, and other documents prepared by the Architect. District hereby grants Developer, Subcontractors, sub-subcontractors, and material or equipment suppliers a limited license to use applicable portions of the Drawings prepared for the Project in the execution of their Work under the Contract Documents.

  • Ownership of Work All reports, work product, all other documents completed or partially completed by Contractor or its approved subcontractors, in performance of this Agreement, and if applicable, drawings, designs, and plan review comments shall become the property of the City. Any and all copyrightable subject matter in all materials is hereby assigned to the City and the Contractor and its approved subcontractors agree to execute any additional documents that may be necessary to evidence such assignment. All materials shall be delivered to the City upon completion or termination of the work under this Agreement. If any materials are lost, damaged or destroyed before final delivery to the City, the Contractor shall replace them at its own expense. Contractor and its approved subcontractors shall keep materials confidential. Materials shall not be used for purposes other than performance of services under this Agreement and shall not be disclosed to anyone not connected with these services, unless the City provides prior written consent.

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