Common use of Legal Relationships Clause in Contracts

Legal Relationships. 2.4.1 With respect to the Aircraft, Oakley shall be deemed to have Operational Control of the aircraft at all times during the term of this Agreement, including but not limited to during all Time Sharing Flights. 2.4.2 Oakley does not intend to enter into, and this Agreement is not intended to create or constitute, a joint ownership agreement, as such term is defined in FAR Section 91.501(c)(3), or a joint venture, partnership, business organization, association, cooperative arrangement or other relationship by and among Oakley and X, LLC and through which any party may be held liable for the omissions or commissions of any other party. This Agreement is intended to create a time sharing agreement as such term is defined in FAR Section 91.501(c)(1).

Legal Relationships. 2.4.1 With respect to the Aircraft, Oakley shall be deemed to have Operational Control of the aircraft at all times during the term of this Agreement, including but not limited to during all Time Sharing Flights. 2.4.2 Oakley does not intend to enter into, and this Agreement is not intended to create or constitute, a joint ownership agreement, as such term is defined in FAR Section 91.501(c)(3), or a joint venture, partnership, business organization, association, cooperative arrangement or other relationship by and among Oakley and XY, LLC and through which any party may be held liable for the omissions or commissions of any other party. This Agreement is intended to create a time sharing agreement as such term is defined in FAR Section 91.501(c)(1).

Legal Relationships. 2.4.1 With respect to the Aircraft, Oakley shall be deemed to have Operational Control of the aircraft at all times during the term of this Agreement, including but not limited to during all Time Sharing Flights. 2.4.2 Oakley does not intend to enter into, and this Agreement is not intended to create or constitute, a joint ownership agreement, as such term is defined in FAR Section 91.501(c)(3), or a joint venture, partnership, business organization, association, cooperative arrangement or other relationship by and among Oakley and X, LLC Jannard and through which any party may be held liable for the omissions or commissions of any other party. This Agreement is intended to create a time sharing agreement as such term is defined in FAR Section 91.501(c)(1).

Legal Relationships. 2.4.1 With respect to the Aircraft, Oakley shall be deemed to have Operational Control of the aircraft at all times during the term of this Agreement, including but not limited to during all Time Sharing Flights. 2.4.2 Oakley does not intend to enter into, and this Agreement is not intended to create or constitute, a joint ownership agreement, as such term is defined in FAR Section 91.501(c)(3), or a joint venture, partnership, business organization, association, cooperative arrangement or other relationship by and among Oakley and X, LLC Xxx.xxx and through which any party may be held liable for the omissions or commissions of any other party. This Agreement is intended to create a time sharing agreement as such term is defined in FAR Section 91.501(c)(1).