No City Interest Sample Clauses
The "No City Interest" clause establishes that the city does not claim any ownership or financial interest in a particular property, asset, or project referenced in the agreement. In practice, this means that any revenues, improvements, or rights associated with the subject matter remain solely with the other party, and the city waives any entitlement to profits, proceeds, or control. This clause is essential for clarifying the boundaries of the city's involvement, preventing future disputes over ownership or financial claims, and ensuring that all parties understand the city's limited role in the arrangement.
No City Interest. No officer, agent, employee or representative of the City has received or will receive any payment or other consideration for the making of this Assignment and LANDLORD’s consent hereto and no officer, agent, employee or representative of the City has any interest or will have any direct interest in the Lease, this Assignment or any proceeds thereof.
No City Interest. No officer or employee of the CITY shall hold any interest in this Agreement, (California Government Code 1090).
No City Interest. No officer, agent, employee or representative of the City or NYCEDC has received or will receive any payment or other consideration for the making of this Lease and no officer, agent, employee or representative of the City or NYCEDC has any interest or will have any direct interest in this Lease or any proceeds thereof.