Common use of Ownership of Facilities Clause in Contracts

Ownership of Facilities. The Municipality and the Operator acknowledge that the Municipality is the sole owner of the Facilities and the Facilities’ assets, subject to the terms of this Agreement and the rights granted to the Operator by this Agreement. It is understood that the Operator with respect to this Agreement is at no time to be a tenant or lessee of the Municipality. The Municipality shall be the sole and absolute owner of all records for the Facilities during the term of this Agreement and after the termination date.

Ownership of Facilities. The Municipality and the Operator acknowledge that the Municipality is the sole owner of the Facilities facilities and the Facilities’ facilities' assets, subject to the terms of this Agreement and the rights granted to the Operator by this Agreement. It is understood that the Operator with respect to this Agreement is at no time to be a tenant or lessee of the Municipality. The Municipality shall be the sole and absolute owner of all records for the Facilities during the term of this Agreement and after the termination date.