Common use of Ownership of the Premises Clause in Contracts

Ownership of the Premises. Hillsboro Transport owns only the surface of the Premises and the improvements thereon. All other property interests in and underlying the Premises are owned by Hillsboro Energy (or an affiliated entity) including all of the animal, vegetable, mineral, and non-mineral substances, and any other substances of value, contained or located under the Premises are solely the property and possessions of Hillsboro Energy (or an affiliated entity).