Common use of POSSESSORY INTEREST Clause in Contracts

POSSESSORY INTEREST. Licensee expressly recognizes and understands that this Agreement may create a possessory interest subject to property taxation and that Licensee may be subject to the payment of property taxes levied on such interest.

POSSESSORY INTEREST. Licensee expressly recognizes and understands that this Agreement may create a possessory interest subject to property taxation taxation, and that Licensee may be subject to the payment of property taxes levied on such interest.