Private Party Without Ownership Interest Sample Clauses

Private Party Without Ownership Interest. 6.3.1 Subject to the terms of this PPP Agreement, the Private Party has, and will have, no title to, or ownership interest in, or liens, or leasehold rights or any other rights (save for the PPP Rights) in the Project Site or in the Project Assets (other than movable New Project Assets). Title to such land and assets will be held, directly or indirectly, by SANParks or the State. 6.3.2 The Private Party has no and will have no rights with respect to the airspace above, or the area below the surface of, the SANParks Thesens Island Restaurant and Project Site or the land on which any Project Assets are to be constructed, except the right to use such land for the sole purpose of the Project during the Project Term, all in accordance with the terms of this PPP Agreement. SANParks reserves unto itself the right to grant to third parties and/or to the Private Party such rights it has with respect to the airspace above and the area below the surface of the SANParks Thesens Island Restaurant and Project Site, provided that in exercising such right it shall have due regard to the rights granted to the Private Party in terms of this PPP Agreement.
Sample 1Sample 2See All (4)
AutoNDA by SimpleDocs
Private Party Without Ownership Interest. 6.3.1 Subject to the terms of this PPP Agreement, the Private Party has, and will have, no title to, or ownership interest in, or liens, or leasehold rights or any other rights (save for the PPP Rights) in the Project Site or in the Project Assets. Title to such land and assets will be held, directly or indirectly, by SANParks or the State. 6.3.2 The Private Party has no and will have no rights with respect to the airspace above, or the area below the surface of, the Project Site, except the right to use the same for the sole purpose of the Project during the Development Period and Project Term, all in accordance with the terms of this PPP Agreement. SANParks reserves unto itself the right to grant to third parties and/or to the Private Party such rights it has with respect to the airspace above and the area below the surface of the SANParks Houseboat Concession and Project Site, provided that in exercising such right it shall have due regard to the rights granted to the Private Party in terms of this PPP Agreement.
Sample 1

Related to Private Party Without Ownership Interest

  • No Ownership Interest Nothing contained in this Agreement shall be deemed to vest in Parent any direct or indirect ownership or incidence of ownership of or with respect to the Covered Shares. All rights, ownership and economic benefits of and relating to the Covered Shares shall remain vested in and belong to the Stockholder, and Parent shall have no authority to direct the Stockholder in the voting or disposition of any of the Covered Shares, except as otherwise provided herein.

  • Ownership Interest, Etc The Seller shall (and shall cause the Servicer to), at its expense, take all action necessary or desirable to establish and maintain a valid and enforceable undivided percentage ownership or security interest, to the extent of the Purchased Interest, in the Pool Receivables, the Related Security and Collections with respect thereto, and a first priority perfected security interest in the Pool Assets, in each case free and clear of any Adverse Claim, in favor of the Administrator (for the benefit of the Purchasers), including taking such action to perfect, protect or more fully evidence the interest of the Administrator (for the benefit of the Purchasers) as the Administrator, may reasonably request.

  • Transfers of Partnership Interests Except as the Partners may otherwise agree from time to time, a Partner may not Transfer all or any part of its Partnership Interest without the Consent of each other Partner, which Consent may be withheld in the sole discretion of each such other Partner.

  • Ownership Interests The ownership interest of each member of the Company will be expressed in terms of a percentage that is set out in Exhibit A, attached and made part of this Agreement. The total ownership interests of all members will always equal one-hundred percent (100%). The existing members will determine the ownership interest of any new members prior to admission to the Company.

  • Transfer of Membership Interests (a) The Member may transfer its Membership Interest, in whole but not in part, but the transferee shall not be admitted as a Member except in accordance with Section 6.07. Until the transferee is admitted as a Member, the Member shall continue to be the sole member of the Company (subject to Section 1.02) and to be entitled to exercise any rights or powers of a Member of the Company with respect to the Membership Interest transferred. (b) To the fullest extent permitted by law, any purported transfer of any Membership Interest in violation of the provisions of this Agreement shall be wholly void and shall not effectuate the transfer contemplated thereby. Notwithstanding anything contained herein to the contrary and to the fullest extent permitted by law, the Member may not transfer any Membership Interest in violation of any provision of this Agreement or in violation of any applicable federal or state securities laws.

  • Partnership Interests Except as may otherwise be provided herein, each Partner’s percentage interest in the assets, profits, and distributions of the Partnership (“Partnership Interest”) shall be as set forth in Exhibit B attached hereto and incorporated herein by reference.

  • Ownership Interest 25 Pass-Through Rate..............................................................................25

  • Transfers of Limited Partnership Interests 9.1 Restrictions on Transfer of Limited Partnership Interests. (a) No Limited Partner may offer, sell, assign, hypothecate, pledge or otherwise transfer all or any portion of his Limited Partnership Interest, or any of such Limited Partner’s economic rights as a Limited Partner, whether voluntarily or by operation of law or at judicial sale or otherwise (collectively, a “Transfer”) without the consent of the General Partner, which consent may be granted or withheld in its sole and absolute discretion. Any such purported Transfer undertaken without such consent shall be considered to be null and void ab initio and shall not be given effect. (b) No Limited Partner may withdraw from the Partnership other than as a result of a permitted Transfer of all of its Partnership Interest pursuant to this Article 9. Upon the permitted Transfer or redemption of all of a Limited Partner’s Partnership Interest, such Limited Partner shall cease to be a Limited Partner.

  • Membership Interests The Sole Member currently owns one hundred percent (100%) of the percentage interests in the Company.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!