Common use of Private Party Without Ownership Interest Clause in Contracts

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.

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 Malelane Hotel Development 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 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 Thesens Island Restaurant Malelane Hotel Development 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.

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 Hotel 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 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 Thesens Island Restaurant Hotel 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.