Title to the Facility Sample Clauses
The "Title to the Facility" clause establishes which party holds legal ownership of the facility during and after the term of the agreement. Typically, this clause clarifies whether the facility remains the property of the developer, is transferred to the client upon completion, or is subject to specific conditions for transfer. For example, in a power purchase agreement, it may specify that the developer retains title until the end of the contract, after which ownership may pass to the purchaser. This clause is essential for defining property rights, allocating responsibilities for maintenance and risk, and preventing disputes over ownership.
Title to the Facility. Any improvements permanently affixed to the Facility shall become part of the Facility. The Charter School shall have no right, title, or ownership interest in the Facility or any fixtures or other permanent additions and modifications thereto or replacements thereof by virtue of this Lease. DRAFT
Title to the Facility. It is the intention of each Party hereto that the Facility shall not constitute improvements or fixtures on the Licensed Lands or the Site, but that the Facility shall remain at all times the personal property of Producer. Generator shall notify in writing the holder of, or the agent for the holder of, any mortgage on the Licensed Land or the Site during the Term of this Agreement, and any purchaser of the Licensed Land or the Site during the Term of this Agreement prior to any sale, that the Facility does not constitute a fixture on the Licensed Land or the Site and is the personal property of Producer. Title to the Facility shall remain with Producer unless and until Producer transfers title thereof. For purposes of clarification, Producer acknowledges and agrees that the Refined Coal Scales were installed by Operator pursuant to the Operation Agreement but do not constitute part of the Facility and, upon installation, became the property of Generator, on an “as-is, where is” basis, free and clear of all liens, claims and other encumbrances, without any consideration being payable by Generator for the same. If requested by ▇▇▇▇▇▇▇▇▇, Producer agrees to (or to cause Operator to) execute and deliver to Generator a bill of sale in form reasonably satisfactory to the Parties, evidencing the vesting of title to the Refined Coal Scales in Generator as described above.
Title to the Facility. Title to the Facility shall have been cleared of any Encumbrances which are not Permitted Encumbrances
Title to the Facility. It is the intention of each Party hereto that the Facility shall not constitute improvements or fixtures on the Licensed Lands or the Site, but that the Facility shall remain at all times the personal property of Producer. Generator shall notify in writing the holder of, or the agent for the holder of, any mortgage on the Licensed Land or the Site during the Term of this Agreement, and any purchaser of the Licensed Land or the Site during the Term of this Agreement prior to any sale, that the Facility does not constitute a fixture on the Licensed Land or the Site and is the personal property of Producer. Title to the Facility shall remain with Producer unless and until Producer transfers title thereof.
Title to the Facility