Ownership of System. ▇▇▇▇▇▇ acknowledges and agrees that (i) notwithstanding that the System may be a fixture under Applicable Laws, as between the Parties, the System shall be deemed to be personal property, and (ii) Lessee is the exclusive owner and operator of the System.
Appears in 2 contracts
Sources: Solar Power Purchase Agreement, Solar Power Purchase Agreement Services
Ownership of System. ▇▇▇▇▇▇ acknowledges and agrees that (i) notwithstanding that the System may be a fixture under Applicable Laws, as between the Parties, the System shall be deemed to be personal property, and (ii) Lessee is the exclusive owner and operator of the System. In furtherance of the foregoing, Lessor hereby expressly waives all statutory and common law liens or claims that it might otherwise have in or to the System or any portion thereof and agrees not to distrain or levy upon the System or assert any lien, right of distraint or other claim against the System.
Appears in 1 contract