Ownership of Projects, Minority Holdings and Property Clause Samples
The 'Ownership of Projects, Minority Holdings and Property' clause defines how ownership rights and interests in projects, minority stakes, and tangible or intangible property are allocated between the parties. It typically outlines which party retains full or partial ownership of assets developed or acquired during the relationship, and may specify procedures for handling jointly owned property or minority investments. This clause ensures clarity regarding asset ownership, preventing disputes over rights to projects or property created or held during the course of the agreement.
Ownership of Projects, Minority Holdings and Property. The ownership of substantially all wholly-owned Projects, Minority Holdings and other Property of the Consolidated Businesses shall be held by the Borrower and its Subsidiaries and shall not be held directly by any General Partner.
Ownership of Projects, Minority Holdings and Property. Except with respect to encumbered Projects owned by special purpose entities created for purposes of securitizing the mortgage loans encumbering the same, ownership of all wholly owned Projects, Minority Holdings and other Property of the Consolidated Businesses is held by the Borrower and its direct or indirect wholly-owned Subsidiaries and is not held directly by the Company.