Common use of Ownership of Project Lands Clause in Contracts

Ownership of Project Lands. The Contracting Parties acknowledge that neither the Contracting Parties nor Lender shall, under this Project Agreement or any of the Implementing Agreements, acquire any interest in the Project Lands or the Project notwithstanding any provision therein to the contrary and that Hospital shall at all times retain the fee simple interest in and the freehold title to the Project Lands and the Project, unencumbered by any interest of the Contracting Parties or Lender. The Contracting Parties and Lender shall have access to the Project Lands and the Project under and subject to the licenses granted under the Construction Contract and the Lender’s Direct Agreement, respectively.

Ownership of Project Lands. The Contracting Parties acknowledge that neither the Contracting Parties nor Lender Trustee shall, under this Project Agreement or any of the Implementing Agreements, acquire any interest in the Project Lands or the Project notwithstanding any provision therein to the contrary and that Hospital shall at all times retain the fee simple interest in and the freehold title to the Project Lands and the Project, unencumbered by any interest of the Contracting Parties or LenderTrustee. The Contracting Parties and Lender Trustee shall have access to the Project Lands and the Project under and subject to the licenses granted under the Construction Contract and the Lender’s Direct Agreement, respectively.

Ownership of Project Lands. The Contracting Parties acknowledge that neither the Contracting Parties nor the Lender shall, under this the Project Agreement or any of the Implementing Agreements, acquire any interest in the Project Lands or the Project notwithstanding any provision therein to the contrary and that Hospital PIR shall at all times retain the fee simple interest in and the freehold title to the Project Lands and the Project, unencumbered by any interest of the Contracting Parties or the Lender. The Contracting Parties and Lender shall have access to the Project Lands and the Project under and subject to the licenses granted under limited license created in the Construction Contract and the Lender’s Direct Agreement, respectivelyContract.

Ownership of Project Lands. The Contracting Parties acknowledge that neither the Contracting Parties nor Lender shall, under this Project Agreement or any of the Implementing Agreements, Agreements acquire any interest in the Project Lands or the Project (other than any lien that arises pursuant to the Construction Lien Act (Ontario)) notwithstanding any provision therein to the contrary and that Hospital shall at all times retain the fee simple interest in and the freehold title to the Project Lands and the Project, Project unencumbered by any interest of the Contracting Parties or Lender. The Contracting Parties and Lender shall have access to the Project Lands and the Project under and subject to the licenses granted under the Construction Contract and the Lender’s Direct Agreement, respectively.

Ownership of Project Lands. The Contracting Parties acknowledge that neither the Contracting Parties nor Lender shall, under this the Project Agreement or any of the Implementing Agreements, Agreements acquire any interest in the Project Lands or the Project (other than the licence to access the Project Lands and the Project under GC 3.17 of the Construction Contract) notwithstanding any provision therein to the contrary and that Hospital shall at all times retain the fee simple interest in and the freehold title to the Project Lands and the Project, unencumbered by any interest of the Contracting Parties or Lender. The Contracting Parties and Lender shall have access Project to be constructed on the Project Lands and the Project under and subject to the licenses granted under the Construction Contract and the Lender’s Direct Agreement, respectivelyContract.

Ownership of Project Lands. The Contracting Parties acknowledge that neither the Contracting Parties nor the Lender shall, under this Project Agreement or any of the Implementing Agreements, acquire any interest in the Project Lands or the Project notwithstanding any provision therein to the contrary and that Hospital shall at all times retain the fee simple interest in and the freehold title to the Project Lands and the Project, unencumbered by any interest of the Contracting Parties or the Lender. The Contracting Parties and Lender shall have access to the Project Lands and the Project under and subject to the licenses granted under the Construction Contract and the Lender’s Direct Agreement, respectively.