TRANSFER OF OWNERSHIP OF SHARED SEWER Sample Clauses

TRANSFER OF OWNERSHIP OF SHARED SEWER. For Shared Sewers passing through another Party's 2000 RSAP designated service area (i.e., the Using Party is downstream of the Initiator), ownership of the Shared Sewer originates with the Initiator. As connections are made within the Using Party's service area, the Using Party must assume ownership of, and maintenance responsibility for, the portion of the Shared Sewer it is using. Ownership will change at the first manhole upstream of the Using Party's furthest upstream connection. The Parties recognize that the Using Party's ownership of the Shared Sewer may not coincide with the Using Party's accumulated payments for the sewer. For example, if the first connection is made near the upstream end of the Using Party's service area, the Using Party may assume ownership of 100% of the Shared Sewer before having made any payments to the Initiator. This, however, will not relieve the Using Party of its obligation to reimburse the Initiator for 100% of its design capacity over the payment term that the Using Party has elected under section 8.
Sample 1
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Related to TRANSFER OF OWNERSHIP OF SHARED SEWER

  • Transfer of Ownership Trust..........................................................

  • Ownership of Owner No 1.25: By a Deed of Conveyance dated 10th May, 2013 and registered in the Office of the Additional District Sub-Registrar, Chandannagore, Hooghly in Book No. I, CD Volume No.5, Pages from 3796 to 3813, being Deed No.01479 for the year 2013, Jubilant First Trust Healthcare Limited sold to Gajrup Commodeal Private Limited, the Owner No. 1.25 herein, undivided 1/47th (one-forty seventh) share in the Said Property.

  • Retention of Ownership Notwithstanding anything to the contrary herein contained, ownership of all materials brought onto the erf or building site shall remain vested in the contractor until such time as all amounts due in terms of this agreement has been paid in full.

  • Transfer of Membership Interest The Sole Member may Transfer any part or all of its rights and interest (including, but not limited to, its Capital Account) in the Company (each a “Membership Interest”) now owned or hereafter acquired to any Person, and the transferee of such Membership Interest shall become a Member of the Company.

  • Reservation of ownership 10.1 The goods that have been sold remain our sole property until all outstanding debts arising from the business connection with the Purchaser have been paid in full. The Purchaser has power of disposal of the purchased goods in the ordinary course of business, or he may process the goods until revocation by us.

  • Transfer of Membership Membership shall not be transferred except with the approval and consent of the Board of Managers and in accordance with the Capital Units Transfer System.

  • Change of Ownership Contractor agrees that if there is a change or transfer in ownership of Contractor’s business prior to completion of this Contract, the new owners shall be required under terms of sale or other transfer to assume Contractor’s duties and obligations contained in this Contract and complete them to the satisfaction of County.

  • Transfer of Business Where a transfer of business occurs, an Employee who worked with the old employer and who continues in the service of the new employer will be entitled to count her/his service with the old employer as service with the new employer for the purposes of this clause.

  • Transfer of Data The Participant consents to the Company or any Affiliate thereof processing data relating to the Participant for legal, personnel, administrative and management purposes and in particular to the processing of any sensitive personal data relating to the Participant. The Company may make such information available to any Affiliate thereof, those who provide products or services to the Company or any Affiliate thereof (such as advisers and payroll administrators), regulatory authorities, potential purchasers of the Company or the business in which the Participant works, and as may be required by law.

  • Transfer of Franchise a. A franchisee may transfer the franchised business and franchise to a transferee, provided that the transferee satisfies the reasonable current qualifications of the franchisor for new franchisees. For the purposes of this subsection, a reasonable current qualification for a new franchisee is a qualification based upon a legitimate business reason. If the proposed transferee does not meet the reasonable current qualifications of the franchisor, the franchisor may refuse to permit the transfer, provided that the refusal of the franchisor to consent to the transfer is not arbitrary or capricious.

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