Title to Facilities Sample Clauses
The "Title to Facilities" clause establishes which party holds legal ownership of specific equipment, infrastructure, or facilities referenced in the agreement. Typically, it clarifies whether the buyer, seller, or a third party retains title to assets such as machinery, pipelines, or buildings during and after the contract term. This clause is crucial for determining responsibility for maintenance, insurance, and risk of loss, ensuring both parties understand their rights and obligations regarding the facilities involved.
Title to Facilities. During the term of this Sublease, the Authority shall hold a leasehold estate to the Facilities and any and all additions which comprise fixtures, repairs, replacement or modifications thereof, except for those fixtures, repairs, replacements or modifications which are added thereto by the County and which may be removed without damaging the Facilities, and except for any items added to the Facilities by the County pursuant to Section 4.02 hereof. This provision shall not operate to the benefit of any insurance company if there is rental interruption covered by insurance pursuant to Section 5.03 hereof. Upon the termination or expiration of this Sublease upon payment in full of the Base Rental Payments attributed to the Facilities and all amounts owing on the Bonds, the Authority’s interest in the title to the Facilities shall vest in the County and the Authority shall execute such conveyances, deeds and other documents as may be necessary to evidence the ownership of the Facilities by the County and to clarify the title of the County on the record thereof.
Title to Facilities. The title to the facilities shall vest in the Company and the Customer shall have no interest therein by reason of any payment under this Agreement.
Title to Facilities. Notwithstanding the grants of exclusive use under Section 3.1, each party shall retain title to all of its Facility.
Title to Facilities. Legal and equitable title to all Mains, Service Lines, and Metering and Regulating Equipment installed by the Company upon which an advance, contribution, or other payment has been made, shall be and remain in the Company, and the Company shall have the right without the consent of, or any refund to, any party who made such advance, contribution, or other payment:
(a) To extend the gas Main or connect additional gas Mains to any part of it.
(b) To serve new additional Customers at any time through service connections attached to such Main or to extended or connected gas Mains.
Title to Facilities. A. Exhibit A-1 hereto completely and accurately states the name and address of each of the Owned Facilities. Exhibit A-2 hereto completely and accurately states the name, address, lessee and lessor of each of the Leased Facilities. Exhibit A-2 hereto completely and accurately states the name, address, owner and manager of the Managed Facility.
B. The applicable ▇▇▇▇▇▇▇ Entities set forth on Exhibit A-1 are, or will be as of the Closing Date, the owners of the Purchased Assets, including Real Property constituting the Owned Facilities; provided, however, that with respect to the Real Property held via the ▇▇▇▇▇▇▇ Entities' synthetic lease facility, the applicable ▇▇▇▇▇▇▇ Entity is not on the date hereof the owner of fee simple title to such Real Property but will be entitled to cause the deed to such Real Property to be executed and delivered to its designee. At the Closing, the applicable ▇▇▇▇▇▇▇ Entities shall convey to Buyer good and marketable fee title to such Real Property free and clear of liens, covenants, restrictions, conditions, reservations, rights, easements and encumbrances of record, excepting only (i) Permitted Encumbrances (as hereinafter defined) and (ii) such exceptions as may otherwise be approved by Buyer in accordance with the provisions hereof.
C. The applicable ▇▇▇▇▇▇▇ Entities set forth on Exhibit A-2 are the holders of valid and existing leasehold interests, as lessee, of the premises constituting the Leased Facilities, for the terms set forth in and pursuant to the terms of the Leases. The applicable ▇▇▇▇▇▇▇ Entity set forth on Exhibit A-2 hereto is the manager pursuant to a valid and existing management agreement with respect to the Managed Facility. Subject to receipt of all required consents from the Lessors or the owner of the Managed Facility, as applicable, the applicable ▇▇▇▇▇▇▇ Entities shall enter into valid and binding assignment and assumption of Management Agreement, Lease Assignments and/or Subleases covering the Leased Facilities and the Managed Facility, as applicable. Subject to the terms of the assignment of Management Agreement, the Subleases and Lease Assignments, the assignment of Management Agreement, the Subleases and Lease Assignments, as applicable, shall convey the rights and interests therein provided free and clear of liens and encumbrances, excepting only the Permitted Encumbrances and such exceptions as may otherwise be approved by Buyer. True and complete copies (including amendments, if any) of the L...
Title to Facilities. Title to the existing facilities and any new Facilities as they are constructed shall be vested in the Board. The Facilities and all fixtures, equipment and furnishings permanently affixed to the Facilities shall be the property of the Board upon termination of this Ground Lease whether such termination be by expiration of the Term or an earlier termination under any provision of this Ground Lease.
Title to Facilities. Ownership of any Facility, whether fixed or moveable, acquired and owned by the Contractor in connection with Petroleum Operations hereunder shall pass to TIMOR GAP E. ▇.▇▇ accordance with the Decree-Law on Offshore Petroleum in Timor-Leste.
Title to Facilities. Subject to payment of applicable premiums, the Purchaser shall have received a Title Policy for each parcel of Owned Property pursuant to the Title Commitments, in the form and containing the endorsements as set forth as Schedule T; any survey defect or encroachment or violation of easements or building lines from or onto the Owned Property, other than Permitted Encumbrances, shall have been cured or insured over pursuant to an endorsement satisfactory to the Purchaser prior to the Closing; any Liens which are not Permitted Encumbrances shall have been deleted from the Title Policies; and each such Title Policy shall be in an amount equal to the fair market value of such Owned Property as reasonably specified by the Purchaser, insuring title to such Owned Property to be in the Purchaser subject to the Permitted Encumbrances.
Title to Facilities. Surrender of Facilities, and Lease. LESSOR shall have title to existing components of the Refuse Gas Collection System for which ▇▇▇▇▇▇ has paid the cost of installation. ▇▇▇▇▇▇ shall have title to all future components of the Refuse Gas Collection System and to the Flare Facility upon acceptance of said Flare Facility as complete. LESSEE shall have title to all other components of the Refuse Gas Collection System existing at the time of execution of this Amended and Restated Gas Lease Agreement. LESSEE shall have title to all future components of the Project for which LESSEE pays the cost of installation and that are not part of the Refuse Gas Collection System subject to terms of this Amended and Restated Gas Lease Agreement. At any time during the term hereof that LESSEE determines that the Project and/or New Project, or the continuation thereof, is not technically, economically, or practically feasible, LESSEE, at its option, may surrender and terminate this Lease subject to the following obligations: (i) LESSEE shall have the responsibility under Section 9.1 below, at the request of LESSOR, to remove above ground property, fixtures, and improvements owned by LESSEE and placed on the Landfill; (ii) LESSEE shall provide LESSOR at time of surrender with a written explanation of the basis for ▇▇▇▇▇▇'s decision to terminate the Lease;
Title to Facilities. During the term of this Lease, the Authority shall hold a leasehold estate to the Facilities and any and all additions which comprise fixtures, repairs, replacement or modifications thereof, except for those fixtures, repairs, replacements or modifications which are added thereto by the City and which may be removed without damaging the Facilities, and except for any items added to the Facilities by the City pursuant to Section 4.02 hereof. Upon the termination or expiration of this Lease, the Authority shall execute such conveyances, deeds and other documents as may be necessary to evidence the ownership of the Facilities, including the Demised Premises by the City and to clarify the title of the City on the record thereof.