Common use of Nature of Parties’ Interests Under Certain Project Agreements Clause in Contracts

Nature of Parties’ Interests Under Certain Project Agreements. (a) Neither this Agreement nor any of the other Project Agreements grant to the Concessionaire any fee title, leasehold estate, easement or other real property interest of any kind in or to the Project or the Rights of Way. The Concessionaire’s interests under this Agreement are limited to contract rights constituting intangible personal property (and not real estate interests), including, without limitation, the Concessionaire’s right, in accordance with the provisions of this Agreement, to impose, charge, collect, use and enforce payment of Toll Revenues.

Nature of Parties’ Interests Under Certain Project Agreements. (a) Neither this Agreement nor any of the other Project Agreements grant to the Concessionaire any fee title, leasehold estate, easement or other real property interest of any kind in or to the Project or the Rights Project Right of Way. The Concessionaire’s interests under this Agreement are limited to contract rights constituting intangible personal property (and not real estate interests), including, without limitation, the Concessionaire’s right, in accordance with the provisions of Permit granted by this Agreement, to impose, charge, collect, use and enforce payment of Toll RevenuesAgreement under Section 4.01.