LEGAL AND EQUITABLE OWNERSHIP Sample Clauses

LEGAL AND EQUITABLE OWNERSHIP. AFSG, an Oregon corporation, represents and warrants that it is the fee owner of the following real property located on West Nevada Street in Ashland near the terminus of Xxxxxx Street, (a portion of which is currently outside City’s limits, but within City’s Urban Growth Boundary): (39-1E-4BB, Tax Lots 700, 800 & 900) (39-1E-4B, Tax Lots 800 &1100) City represents and warrants that it is the fee owner of real property adjacent to AFSG holdings, commonly referred to as the City’s Dog Park, more particularly described as follows: (39-1E-04BB, Tax Lot 200) City’s property is subject to limitations concerning a Federal Land and Water Conservation Funds and Xxxxxxx County deed limitations. 3.1 Within the identified AFSG’s holdings, AFSG owns a parcel of property which is identified on City’s Parks, Trails and Open Space Master Plan Map for long-term acquisition by City (identified as Long-Term Acquisition Area “10" on said Map). A portion of the Dog Park property serves as ingress and egress to City’s Dog Park, but said access could be better utilized if that portion of the City’s parcel was exchanged for the identified portion of the AFSG holdings and standard street access to the Dog Park was provided. The appraised value of the City’s Dog Park access property is less than the appraised value of AFSG’s property proposed for exchange. AFSG and City desire to enter into a real property exchange pursuant to ORS 271.300, et seq., in which City will convey to AFSG a portion of real property currently owned by City (“City’s Parcel”); and AFSG will concurrently convey to City a portion of real property currently owned by AFSG (“Xxxxxxxx Property”). This real property exchange is more fully described in Section 10.0 below and in the Findings attached to the Ordinance approving the Development Agreement. 3.2 After the real property exchange is completed with the City as contemplated in the Agreement, AFSG, an Oregon corporation ), its successors or assigns, will be the fee owner of the “Verde Village Property”, including specifically the real property described and shown in Exhibit A attached hereto and made a part hereof by this reference.
AutoNDA by SimpleDocs
LEGAL AND EQUITABLE OWNERSHIP. SITP, Inc., an Oregon corporation, represents and warrants that it currently has a contractual option to purchase and, upon or shortly after signing this Development Agreement and City’s final adoption of the Ordinance implementing this Development Agreement, it will be the fee owner of the real property commonly known as 00 Xxxxxxx Xxx (Xxxxxxx County Tax Assessor’s Map #39- 1E-09BC, Tax Lot 3000) (“SITP Parcel”). The legal description of the SITP Parcel is set forth in attached Exhibit A and incorporated herein by this reference [ORS 94.528]. City represents and warrants that it is the fee owner of the parcel of real property at 00 Xxxxxxx Xxx, adjacent to the SITP Parcel, and commonly referred to as City’s Pioneer Hall / Community Center Parcel (Xxxxxxx County Tax Assessor’s Map #39-1E-09BC, Tax Lot 2500)(City’s Pioneer Hall Parcel”). The legal description of City’s Pioneer Hall / Community Center Parcel is set forth in attached Exhibit A and incorporated herein by this reference [ORS 94.528]. City represents and warrants that it is also the fee owner of the real property located on the corner of Xxxxxxx Way and Nutley street, adjacent to the SITP Parcel, and commonly known as City’s Ice Skating Rink/Parking Lot Parcel (a portion of Xxxxxxx County Tax Assessor’s Map #39-1E-09, Tax Lot 100). The legal description of City’s Ice Skating Rink / Parking Lot Parcel is set forth in attached Exhibit A and incorporated herein by reference [ORS 94.528].
LEGAL AND EQUITABLE OWNERSHIP. The Property consists of one (1) tract, more particularly described in the attached Exhibit “B”. Title to this tract is as set out in the attached Exhibit “B”. The Threadgills are the sole present owner of the 6.87 acre overall tract.

Related to LEGAL AND EQUITABLE OWNERSHIP

  • Legal and beneficial ownership It and each of its Subsidiaries is the sole legal and beneficial owner of the respective assets over which it purports to grant Security.

  • Legal and Accounting Services The Company may obtain legal and accounting services to the extent reasonably necessary for the conduct of the Company's business.

  • Management, Ownership The Company shall not materially change its ownership, executive staff or management without the prior written consent of the Secured Party. The ownership, executive staff and management of the Company are material factors in the Secured Party's willingness to institute and maintain a lending relationship with the Company.

  • OWNERSHIP TITLE The Licensed Software is the proprietary property of Symantec or its licensors and is protected by copyright law. Symantec and its licensors retain any and all rights, title and interest in and to the Licensed Software, including in all copies, improvements, enhancements, modifications and derivative works of the Licensed Software. Your rights to use the Licensed Software shall be limited to those expressly granted in this License Agreement. All rights not expressly granted to You are retained by Symantec and/or its licensors.

  • Ownership Rights Nothing contained in this Agreement shall be construed as (a) establishing or granting to Registry Operator any property ownership rights or interests of Registry Operator in the TLD or the letters, words, symbols or other characters making up the TLD string, or (b) affecting any existing intellectual property or ownership rights of Registry Operator.

  • Ownership in Trust Upon any purported Transfer or other event described in Section 13.2(b) that would result in a transfer of Shares to a Trust, such Shares shall be deemed to have been transferred to the Trustee as trustee of a Trust for the exclusive benefit of one or more Charitable Beneficiaries. Such transfer to the Trustee shall be effective as of the close of business on the Business Day prior to the purported Transfer or other event that results in the transfer to the Trust pursuant to Section 13.2(b). The Trustee shall be appointed by the Company and shall be a Person unaffiliated with the Company and any Prohibited Owner. Each Charitable Beneficiary shall be designated by the Company as provided in ‎Section 13.11(f).

  • Company Ownership Company will own its respective right, title, and interest, including Intellectual Property Rights, in and to the Company Data. Company hereby grants BNYM a limited, nonexclusive, nontransferable license to access and use the Company Data, and consents to BNYM’s permitting access to, transferring and transmitting Company Data, all as appropriate to Company’s use of the Licensed Rights or as contemplated by the Documentation.

  • Real Estate Owned Reports Together with the statement furnished pursuant to Section 5.02, the Company shall furnish to the Purchaser on or before the Remittance Date each month a statement with respect to any REO Property covering the operation of such REO Property for the previous month and the Company's efforts in connection with the sale of such REO Property and any rental of such REO Property incidental to the sale thereof for the previous month. That statement shall be accompanied by such other information as the Purchaser shall reasonably request.

  • PERSONAL AND ACADEMIC FREEDOM A. The personal life of a teacher shall be the concern of and warrant the review and appropriate action of the Board only: 1. As it may prevent the teacher from performing his/her assigned functions during school duty hours; 2. As it may be in violation of local, state, national, or common law. B. Each teacher will be entitled to full rights of citizenship, and no religious or political activities of any such teacher or the lack thereof will be grounds for any discipline or discrimination with respect to the professional employment of such person provided they do not affect his/her classroom performance. C. The Board and the Association agree that academic freedom is essential to the fulfillment of the purposes of the Xxxxxx County School System, and they acknowledge the fundamental need to protect teachers from any censorship or restraint which might interfere with their obligation to pursue the truth in the performance of their teaching functions. They agree that subject to curriculum guidelines and appropriate supervision by the teacher’s evaluator, the responsibility for teaching all appropriate material rests with the teacher. D. No student’s grade shall be changed without a conference between the student’s teacher and the administrator. After the conference, the teacher will be notified, in writing, of the administrator’s decision. In the event the student’s teacher is not available for a conference, the administrator will notify the teacher in writing of any changes in a grade.

  • Intellectual and Industrial Property Rights (a) Except to the extent expressly provided herein, each party shall continue to own its intellectual and industrial property rights without conferring any interests therein on the other party and neither the Supplier nor any third party shall acquire any right, title or interest in any intellectual or industrial property rights of any company within the ASSA ABLOY Group. (b) Regardless of the above, all intellectual property rights with regard to and for the Products, including but not limited to, drawings, designs, models, calculations, tools etc. that are provided by the Purchaser or are created by the Supplier in connection with this Purchase Agreement, shall vest in and exclusively belong to the Purchaser. The Supplier shall, where necessary, take all actions required to ensure that Purchaser receives the rights referred to herein. (c) To the extent that the Products may be protected by intellectual property rights owned by the Supplier, or the Supplier's licensors, the Supplier hereby grants to the Purchaser, a perpetual, worldwide, non-exclusive, irrevocable, fully paid-up, royalty-free license, including the right to grant sub-licenses, under all such intellectual property rights to: (i) use the Products; (ii) integrate the Products into Purchaser's own Products; (iii) sell, offer for sale, import and export the Products. (d) Without limiting the generality of clause 5(a) and except as may otherwise be expressly provided for herein, the Supplier agrees that it shall not without the prior written consent of the Lead Purchaser use the trademark "ASSA ABLOY" or any other trademark of any company within the ASSA ABLOY Group for any purposes whatsoever. (e) To the extent the Products include software (“Software”), the Supplier hereby grants to the Purchaser in perpetuity (or for the maximum period foreseen by applicable law) a non-exclusive, royalty- free, world-wide, unlimited (also with respect to number of users) licence over the Software including without limitation any permanent or temporary reproduction or modification of the Software reasonably required for these purposes, at a charge included in the price of the Products for the purposes of installing, testing, configuring, putting into service, operating, using, developing, modifying, selling, maintaining, adjusting and repairing the Products. The Purchaser shall be permitted to create a reasonable quantity of back-up copies of the Software. (f) For at least the period under this Purchase Agreement during which the Supplier has agreed to supply spare parts for the Products, the Supplier shall continue to maintain the Software and offer licences to the Software, in the same format and version as made available hereunder, to the Purchaser. During the same period of time, the Supplier will also free of charge offer to the Purchaser all updates offered to its other clients for the Products, including without limitation any related support, maintenance or consultancy services provided free of charge to such other clients. It is acknowledged that the Purchaser may accept or refuse the offer of such updates at its sole discretion without limiting any right or remedy available hereunder.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!