Common use of No Interest in Land, Facilities Clause in Contracts

No Interest in Land, Facilities. or Infrastructure (a) Project Co acknowledges and agrees that neither Project Co nor the Lenders shall acquire any estate, right, title or ownership interest in the Lands or any part of the New Metrolinx Infrastructure, the New Third Party Infrastructure or the Existing Infrastructure, or any other interest in land, facilities or infrastructure pursuant to this Project Agreement, the Project Documents or otherwise. Notwithstanding any provision herein or in any of the Project Documents to the contrary, all fee simple interest in and freehold title to the Lands, or any part thereof, and the Project, shall at all times remain unencumbered by any interest of Project Co or the Lenders. Project Co and the Lenders shall have access to the Metrolinx Lands, the New Metrolinx Infrastructure, and the Existing Metrolinx Infrastructure under and subject to the licences and access rights granted under this Section 16 and the Lenders’ Direct Agreement, respectively.