Common use of Title to Remain in the Lessor Clause in Contracts

Title to Remain in the Lessor. The Lessor shall own 100% of the ground lease of the Site and the legal and beneficial interest in the remainder of the Facility. All accessories, equipment, parts, fixtures and devices affixed or placed on the Facility from time to time by the Lessee, other than “Excluded Equipment,” and all modifications, alterations, renovations or improvements to the Facility made by the Lessee shall be and become part of the Facility for the purposes of this Lease and shall be Property of the Lessor subject to the terms of this Lease; provided that the Lessor's interest in any part of the Facility that is replaced by the Lessee pursuant to and as permitted by the terms of this Lease shall be deemed released from this Lease (and the Collateral) and thereupon become the Property of the Lessee automatically, without further action by the Lessor, and the Lessor shall perform all acts and execute all documents that the Lessee reasonably requests to give effect to the foregoing at the expense of the Lessee, including the execution and delivery of bills of sale and other documents of transfer. This Lease shall not give or grant to the Lessee any right, title or interest in or to the Facility, except the rights expressly conferred by this Lease. The term “

Appears in 2 contracts

Samples: Lease Agreement (Protective Life Insurance Co), Lease Agreement (Protective Life Corp)

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Title to Remain in the Lessor. The Lessor shall own 100% of the ground lease of the Site and the legal and beneficial interest in the remainder Equipment, including all accessions to and replacements of the Facility. All accessories, equipment, parts, fixtures and devices affixed Equipment added or placed on the Facility effected from time to time by the Lessee, other than “Excluded Equipment,” and all modifications, alterations, renovations or improvements to the Facility made by the Lessee which shall be and become part of the Facility for the purposes of this Lease and shall be Equipment, Property of the Lessor and subject to the terms of this Lease; provided that the Lessor's interest in any part portion of the Facility Equipment that is replaced by the Lessee pursuant to and as permitted by the terms of this Lease shall be deemed released from this Lease (and the Collateral) and thereupon become the Property of the Lessee automatically, without further action by the Lessor, and the Lessor shall perform all acts and execute all documents that the Lessee reasonably requests to give effect to the foregoing at the expense of the Lessee, including the execution and delivery of bills of sale and other documents of transfer. This Lease shall not give or grant to the Lessee any right, title or interest in or to the FacilityEquipment, except the rights expressly conferred by this Lease. The term “Equipment will remain personal property and will not be installed in any manner that will prevent it from being readily removed in a manner consistent with normal industry practices, it being the intent of the parties that the Equipment is not to constitute or be deemed to be fixtures or real property under applicable law or any lease governing the Applicable Site. The Equipment for each Phase will be marked to disclose the interest of the Lessor to the extent relevant under applicable law or to the extent deemed appropriate by the Lessor.

Appears in 1 contract

Samples: Master Lease Agreement (Flowers Industries Inc /Ga)

Title to Remain in the Lessor. The Lessor shall own 100% of the ground lease of the Site and the legal and beneficial interest in the remainder Equipment, including all accessions to and replacements of the Facility. All accessories, equipment, parts, fixtures and devices affixed Equipment added or placed on the Facility effected from time to time by the Lessee, other than “Excluded Equipment,” and all modifications, alterations, renovations or improvements to the Facility made by the Lessee which shall be and become part of the Facility for the purposes of this Lease and shall be Equipment, Property of the Lessor and subject to the terms of this Lease; provided that the Lessor's interest in any part portion of the Facility Equipment that is replaced by the Lessee pursuant to and as permitted by the terms of this Lease shall be deemed released from this Lease (and the Collateral) and thereupon become the Property of the Lessee automatically, without further action by the Lessor, and the Lessor shall perform all acts and execute all documents that the Lessee reasonably requests to give effect to the foregoing at the expense of the Lessee, including the execution and delivery of bills of sale and other documents of transfer. This Lease shall not give or grant to the Lessee any right, title or interest in or to the FacilityEquipment, except the rights expressly conferred by this Lease. The term “Equipment will remain personal property and will not be installed in any manner that will result in it being deemed fixtures or real property under applicable law or any lease governing the Applicable Site. The Equipment will be marked to disclose the interest of the Lessor to the extent relevant under applicable law or to the extent deemed appropriate by the Lessor.

Appears in 1 contract

Samples: Master Lease Agreement (Coca Cola Bottling Co Consolidated /De/)

Title to Remain in the Lessor. The Lessor shall own ----------------------------- 100% of the ground lease of the Site and the legal and beneficial interest in the remainder of the Facility. All accessories, equipment, parts, fixtures and devices affixed or placed on the Facility from time to time by the Lessee, other than “Excluded Equipment,” Lessee and all modifications, alterations, renovations or improvements to the Facility made by the Lessee shall be and become part of the Facility for the purposes of this Lease and shall be Property of the Lessor subject to the terms of this Lease; provided that the Lessor's interest in any -------- part of the Facility that is replaced by the Lessee pursuant to and as permitted by the terms of this Lease shall be deemed released from this Lease (and the Collateral) and thereupon become the Property of the Lessee automatically, without further action by the Lessor, and the Lessor shall perform all acts and execute all documents that the Lessee reasonably requests to give effect to the foregoing at the expense of the Lessee, including the execution and delivery of bills of sale and other documents of transfer. This Lease shall not give or grant to the Lessee any right, title or interest in or to the Facility, except the rights expressly conferred by this Lease. The term “.

Appears in 1 contract

Samples: Lease Agreement (Us Xpress Enterprises Inc)

Title to Remain in the Lessor. The Lessor shall own 100% of the ground lease of the Site and the legal and beneficial interest in the remainder of the each Facility. All accessories, equipment, parts, fixtures parts and devices affixed necessary to achieve Completion for any Facility, and all fixtures now or placed on hereafter included in or attached to the Facility from time to time by Applicable Site thereof, the Lessee, other than “Excluded Equipment,” building and all modifications, alterations, renovations or improvements to the such Facility made by the Lessee shall be and become part of the such Facility for the all purposes of this Lease and shall be Property of the Lessor and subject to the terms of this Lease; excluding; however: any office equipment or other equipment which may be located on such Applicable Site but which (x) is not necessary to achieve Completion of such Facility and (y) does not constitute fixtures; provided that the Lessor's interest in any part of the any Facility that is replaced by the Lessee pursuant to and as permitted by the terms of this Lease shall be deemed released from this Lease (and the Collateral) and thereupon become the Property of the Lessee automatically, without further action by the Lessor, and the Lessor shall perform all acts and execute all documents that the Lessee reasonably requests to give effect to the foregoing at the expense of the Lessee, including the execution and delivery of bills of sale and other documents of transfer. This Lease shall not give or grant to the Lessee any right, title or interest in or to the any Facility, except the rights expressly conferred by this Lease. The term “.

Appears in 1 contract

Samples: Master Lease Agreement (American Freightways Corp)

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Title to Remain in the Lessor. The Lessor shall own 100% of the ground lease of the Site and the legal and beneficial interest in the remainder of the Facility. All accessories, equipment, parts, fixtures and devices affixed or placed on the Facility from time to time by the Lessee, other than “Excluded Equipment,” ”, and all modifications, alterations, renovations or improvements to the Facility made by the Lessee shall be and become part of the Facility for the purposes of this Lease and shall be Property of the Lessor subject to the terms of this Lease; provided that the Lessor's interest in any part of the Facility that is replaced by the Lessee pursuant to and as permitted by the terms of this Lease shall be deemed released from this Lease (and the Collateral) and thereupon become the Property of the Lessee automatically, without further action by the Lessor, and the Lessor shall perform all acts and execute all documents that the Lessee reasonably requests to give effect to the foregoing at the expense of the Lessee, including the execution and delivery of bills of sale and other documents of transfer. This Lease shall not give or grant to the Lessee any right, title or interest in or to the Facility, except the rights expressly conferred by this Lease. The term “

Appears in 1 contract

Samples: Lease Agreement (Protective Life Corp)

Title to Remain in the Lessor. The Lessor shall own 100% of the ground lease of the Site and the legal and beneficial interest in the remainder of the Facility. All accessories, equipment, parts, fixtures and devices affixed or placed on the Facility from time to time by the Lessee, other than “Excluded Equipment,” and all modifications, alterations, renovations or improvements to the Facility made by the Lessee shall be and become part of the Facility for the all purposes of this Lease and shall be Property of the Lessor and subject to the terms of this Lease (except for Excluded Equipment not financed pursuant to this Lease); provided that the Lessor's interest in any part of the Facility that is replaced by the Lessee pursuant to and as permitted by the terms of this Lease shall be deemed released from this Lease (and the Collateral) and thereupon become the Property of the Lessee automatically, without further action by the Lessor, and the Lessor shall perform all acts and execute all documents that the Lessee reasonably requests to give effect to the foregoing at the expense of the Lessee, including the execution and delivery of bills of sale and other documents of transfer. This Lease shall not give or grant to the Lessee any right, title or interest in or to the Facility, except the rights expressly conferred by this Lease. The term “.

Appears in 1 contract

Samples: Lease Agreement (Krispy Kreme Doughnuts Inc)

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