Ownership of Leased Property. (a) The Landlord, as between the Landlord and the Tenant, shall and hereby does retain all of its rights to the Leased Property notwithstanding the delivery thereof to and possession and use thereof by Tenant, the rights of Tenant being only those of a tenant as set forth in this Lease and any Lease Supplement.
(b) Notwithstanding anything to the contrary contained in this Lease, any Costs of the Projects paid for by moneys of the Tenant and used to acquire assets or property constituting a portion of any Applicable Project, other than Equipment, shall be and become part of the Leased Property, owned by the Landlord, subject to the Lien of the Applicable Mortgage, and the Tenant shall have no legal or equitable ownership interest therein.
Ownership of Leased Property. Section 6.1 is amended and restated in its entirety as follows:
Ownership of Leased Property. The ownership of the leased property during the term of lease belongs to the Lessor. After expiry of term of lease, the ownership of leased property will belong to the Lessee.
Ownership of Leased Property. Lessee acknowledges and agrees that the Leased Property (including that property defined as the Lessee's Personal Property) is the property of Lessor and that Lessee has only the right to the exclusive possession and use of the Leased Property upon the terms and conditions and during the term of this Lease.
Ownership of Leased Property. OIL hereby declares and warrants that it is the sole legal lessor and holder of the Leased Property and that it is legally entitled to lease the Leased Property pursuant to the terms and conditions of this Agreement.
Ownership of Leased Property. 7 5.1 Ownership of the Property ......................... 7 5.2
Ownership of Leased Property. 7 5.1 Ownership of the Property............................................................... 7 ------------------------- 5.2 Personal Property....................................................................... 7 ----------------- ARTICLE 6 CONDITION AND USE OF LEASED PROPERTY.......................................................... 7 6.1 Condition of the Leased Property........................................................ 7 -------------------------------- 6.2 Use of the Leased Property.............................................................. 8 -------------------------- 6.3 Management of Facility.................................................................. 9 ---------------------- 6.4 Lessor to Grant Easements............................................................... 9 ------------------------- ARTICLE 7 LEGAL, INSURANCE AND FINANCIAL REQUIREMENTS................................................... 9 7.1 Compliance with Legal and Insurance Requirements........................................ 9 ------------------------------------------------ 7.2 Legal Requirement Covenants............................................................. 9 --------------------------- 7.3 Rent and Debt Service Coverage - Facility............................................... 10 ----------------------------------------- ARTICLE 8 REPAIRS;
Ownership of Leased Property. 7 5.1 Ownership of the Property .......................... 7 ------------------------- 5.2 Personal Property .................................. 7 ----------------- ARTICLE 6 CONDITION AND USE OF LEASED PROPERTY ........................ 7 6.1 Condition of the Leased Property ................... 7 -------------------------------- 6.2 Use of the Leased Property ......................... 8 -------------------------- 6.3 Management of Facility ............................. 9 ---------------------- 6.4 Lessor to Grant Easements .......................... 9 ------------------------- ARTICLE 7 LEGAL, INSURANCE AND FINANCIAL REQUIREMENTS .................
Ownership of Leased Property. 40 6.1 Ownership of the Leased Property...........................................................40 6.2 Lessee's Personal Property.................................................................40 6.3 Lessor's Lien..............................................................................41 6.4 Lessor's Option to Purchase Lessee=s Personal Property.....................................41
Ownership of Leased Property. 5.1 OWNERSHIP OF THE PROPERTY . . . . . . . . . . . 6 5.2
