Common use of OWNERSHIP; PERSONAL PROPERTY Clause in Contracts

OWNERSHIP; PERSONAL PROPERTY. The Sunrise Facilities are, and at all times will remain, the sole and exclusive property of Sunrise as a passive owner during the Term of this Lease Agreement. Equitrans will have the exclusive right to use and operate the Sunrise Facilities as set forth in this Lease Agreement. The Sunrise Facilities (exclusive of Land Interests) are, and at all times will remain, personal property notwithstanding that the Sunrise Facilities (exclusive of Land Interests) or any portion or component thereof may now be, or hereafter become, in any manner affixed or attached to, or embedded in or permanently resting upon real property or any improvement thereon.

Appears in 3 contracts

Sources: Lease Agreement (EQT Midstream Partners, LP), Lease Agreement (EQT Midstream Partners, LP), Lease Agreement (EQT Midstream Partners, LP)