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Common use of Ownership of Improvements Clause in Contracts

Ownership of Improvements. All of the Stadium Project Improvements shall be owned by the Authority as and when constructed by or on behalf of StadCo pursuant to the terms of this Agreement. Upon Final Completion of the Stadium Project Improvements, StadCo, at the request of the Authority, shall promptly deliver to the Authority a bill of sale, deed or other appropriate instrument in a form reasonably acceptable to the Authority confirming the Authority’s ownership of the Stadium Project Improvements.

Appears in 3 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

Ownership of Improvements. All of the Stadium Project Improvements shall be owned by the Authority as and when constructed by or on behalf of StadCo pursuant to the terms of this Agreement. Upon Final Completion of the Stadium Project Improvements, StadCo, at the request of the Authority, shall promptly deliver to the Authority a bill xxxx of sale, deed or other appropriate instrument in a form reasonably acceptable to the Authority confirming the Authority’s ownership of the Stadium Project Improvements.

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

Ownership of Improvements. All of the Stadium Project Improvements shall be owned by the Authority as and when constructed by or on behalf of StadCo pursuant to the terms of this Agreement. Upon Final Completion of the Stadium Project Improvements, StadCo, at the request of the Authority, shall promptly deliver to the Authority a bill of sale, deed or other appropriate instrument in a form reasonably acceptable to the Authority confirming the Authority’s ownership of the Stadium Project Improvements, but subject to the terms and conditions of the Deed and the Purchase Option, as more particularly described in the Deed and the Stadium Lease, respectively.

Appears in 1 contract

Samples: Development Agreement

Ownership of Improvements. All Except as and to the extent provided in Section 6.8 of the Stadium Lease, all of the Stadium Project Improvements shall be owned by the Authority as and when constructed by or on behalf of StadCo pursuant to the terms of this Agreement. Upon Final Completion of the Stadium Project Improvements, StadCo, at the request of the Authority, shall promptly deliver to the Authority a bill of sale, deed or other appropriate instrument in a form reasonably acceptable to the Authority confirming the Authority’s ownership of the Stadium Project Improvements.Agreement.‌

Appears in 1 contract

Samples: Development and Funding Agreement

Ownership of Improvements. All of the Stadium Project Improvements shall be owned by the Authority as and when constructed by or on behalf of StadCo pursuant to the terms of this Agreement. Upon Final Completion of the Stadium Project Improvements, StadCo, at the request of the Authority, shall promptly deliver to the Authority a bill of sale, deed or other appropriate instrument in a form reasonably acceptable to the Authority confirming the Authority’s ownership of the Stadium Project Improvements. For the avoidance of doubt, the Authority’s ownership of the Stadium Project Improvements shall be subject to the Purchase Option, as more particularly described in the Stadium Lease.

Appears in 1 contract

Samples: Development Agreement

Ownership of Improvements. All Except as and to the extent provided in Section 6.8 of the Stadium Lease, all of the Stadium Project Improvements shall be owned by the Authority as and when constructed by or on behalf of StadCo pursuant to the terms of this Agreement. Upon Final Completion of the Stadium Project Improvements, StadCo, at the request of the Authority, shall promptly deliver to the Authority a bill of sale, deed or other appropriate instrument in a form reasonably acceptable to the Authority confirming the Authority’s ownership of the Stadium Project Improvements.

Appears in 1 contract

Samples: Development and Funding Agreement