Facilities Ownership Clause Samples
Facilities Ownership. At such time that all debt service and related obligations have been satisfied, the proposed new school facilities will be owned by FSUS, Inc. on behalf of the DRCS. The FSUS, Inc. shall have the right to possess such property for its operation during the term of the Charter, but will allow other organizations appropriate usage when practically available as determined by FSUS, Inc. policy and administration. Provided further, however, that any such users of the facilities will be responsible for the reasonable costs of operation, maintenance, security, damage, depreciation, and insurance associated with such use.
Facilities Ownership. 2.1. The host AGENCY grants the requesting AGENCY use of the Facility in accordance with the terms of this IGA.
2.2. The host AGENCY shall be the owner and/or operator of the Facility.
2.3. The requesting AGENCY shall be the owner of the communications equipment installed within or on the Facility.
Facilities Ownership. The Parties agree that all State-owned petroleum facilities (production, processing and transportation facilities) constructed or installed for the petroleum operations shall be the property of, and subject to the jurisdiction of, the State on or underneath whose territory such facilities are placed. The same principle shall apply to facilities that are part- owned by the State, to the extent of such State ownership. The principle in this Article 2 shall apply to both fixed assets and movable assets used for the operation of such fixed assets. 3 EXPLORATION AND PRODUCTION SHARING AGREEMENTS (”EPSAS”) Following secession of the South, each party shall engage with the operating companies to agree the necessary arrangements and procedures to ensure continued uninterrupted petroleum operations – while maintaining the material provisions of the EPSAs. For EPSAs where the contract area includes areas on both sides of the common border and there is currently production, the North undertakes to maintain the EPSAs unchanged apart from a reduction of the applicable contract area, production sharing tiers, ring fences and other consequential changes. For EPSAs where the contract area includes areas on both sides of the common border and there is currently production, the South undertakes to enter into new EPSAs covering the contract area south of the border, addressing the reduction of the applicable contract area, production sharing tiers, ring fences and other consequential changes into consideration, but subject to a review of the terms of such EPSA. Government entitlements of Profit Oil shall not be reduced below the aggregate volumes of Profit oil that would have been allocated to the sole Government Party under those EPSAs had the splitting of the EPSAs not occurred. For the avoidance of doubt, no petroleum produced in one State shall be used to recover costs for facilities, assets and operations in the other State.
Facilities Ownership. The City will own all land and capital improvements comprising the Project. To the extent not in conflict with the LGC’s authority set forth in its by-laws and certificate of formation, the LGC may delegate its obligations by and through third-party agreements, including but not limited to development, use, and operations agreements.
Facilities Ownership. 2.1. Tempe is the owner of the Facility. Any access to the Conduit System for purposes of installation or repair requires the pre-approval of Tempe. If the Sharing Agreement or this Supplement 1 is ever terminated, ASU shall be responsible to remove all of its fiber optic cable and to restore the property to its pre-existing condition.
2.2. Any fiber optic cable installed by ASU within the Conduit System shall be the property of ASU. ASU is solely responsible for any repair or maintenance required to such fiber optic cable. ASU is responsible for all costs for installation of the fiber optic cable system including, but not limited to, required building penetrations, additional interdict, vaults or sleeves, and pull tape.
2.3. Tempe will continue to provide maintenance and repair to the Conduit System and all associated vaults and manholes.
Facilities Ownership. As described in the Original Lease, Municipality is considered the owner of all of the station building, platforms, canopies, stairways, lighting, shelters, entrances and exits, restroom facilities, sidewalks, parking improvements, driveways and walkways (collectively, these improvements, including any subsequent improvements thereto or replacements thereof, are referred to herein as the "Facilities") located on the Leased Premises. It is agreed by Municipality and BNSF that Municipality shall be the owner of the Facilities during the Term of this Agreement. Notwithstanding the foregoing, in the event that this Agreement is terminated for any reason without renewal or replacement by another agreement governing the lease arrangement of the Leased Premises between BNSF and Municipality, the Facilities on the Leased Premises, upon request by BNSF, shall become the property of BNSF. Upon BNSF's request, and for no additional consideration, Municipality agrees to convey the applicable Facilities located on the Leased Premises to BNSF via a ▇▇▇▇ of sale in form and substance reasonably acceptable to BNSF. If BNSF does not elect to take all Facilities, Municipality will have the option to either remove such Facilities within sixty (60) days or abandon the same. If abandoned, such Facilities shall become the property of BNSF, and Municipality shall provide a ▇▇▇▇ of sale conveying the same to BNSF upon request by BNSF. Municipality's obligations under this Section 1.C shall expressly survive termination of this Agreement.