Common use of No Right of Ownership Clause in Contracts

No Right of Ownership. Nothing in this Article 2 shall give the Project Company the right to ownership of land or to grant any security interests in ownership of the land within the Concession Area. The Project Company’s land use rights shall be limited to rights and interests in the land as defined by the Land Lease Agreement(s) and/or Authorizations or permissions otherwise as granted or to be granted by this Agreement.

No Right of Ownership. Nothing in this Article 2 shall give the Project Company the right to ownership of land or to grant any security interests in ownership of the land within the Concession Project Area. The Project Company’s land use rights shall be limited to rights and interests in the land as defined by the Land Lease Agreement(s) and/or Authorizations Authorizations, license or permissions otherwise as granted or to be granted by this AgreementAgreement and to grant security interest in such rights.