Private Ownership Clause Samples

The Private Ownership clause establishes that certain property, assets, or intellectual property rights are owned exclusively by a specific party rather than jointly or by the public. In practice, this clause clarifies which party retains full control, usage rights, and the ability to transfer or sell the property in question. By clearly delineating ownership, the clause helps prevent disputes over rights and responsibilities, ensuring that all parties understand who holds legal title and associated benefits.
Private Ownership. All streets, sidewalks, street lighting, signage, landscaping, walls, drainage systems and all related appurtenances within the development including those located outside the gates, are to be private, owned in a separate tract where applicable and maintained by the HOA.
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Private Ownership. The Sponsor of a privately-owned Airport shall execute and maintain a credit line deed of trust, as defined in § 55-58.2 of the Code of Virginia (1950), as amended, and in compliance with the Airport Program Manual to ensure sufficient collateral for the Commonwealth's investment in the Airport. The Sponsor shall execute a new credit line deed of trust note for each Grant Agreement and Grant Amendment(s).
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Private Ownership. Section 106 complianc e and reasonable identification efforts shall be perfor med regardless of the ownership (public or private) of the lands involved, and SNWA shall be responsible for attempting to gain access to non-BLM lands. W here SN WA cannot gain access to such lands for purposes of identification of historic properties in any of the Project’s APEs, identification efforts on those lands shall be deferred until acces s is gained. Failure to gain access to accom plish necessary or app ropriate id entification, treatm ent or mitigation may require BLM to co nsider alternative treatment or mitigation, or to allow def erral of such until access is gained, as provided in 36 C.F.R. § 800.4(b)(2).
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Private Ownership. Section 106 compliance and reasonable identification efforts shall be performed regardless of the ownership (public or private) of the lands involved, and SNWA shall be responsible for attempting to gain access to non-BLM lands. Where SNWA cannot gain access to such lands for purposes of identification of historic properties in any of the Project’s APEs, identification efforts on those lands shall be deferred until access is gained. Failure to gain access to accomplish necessary or appropriate identification, treatment or mitigation may require BLM to consider alternative treatment or mitigation, or to allow deferral of such until access is gained, as provided in 36 C.F.R. § 800.4(b)(2).
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Related to Private Ownership

  • Share Ownership No officer or director or any direct or indirect beneficial owner (including the Insiders) of any class of the Company’s unregistered securities is an owner of shares or other securities of any member of FINRA participating in the Offering (other than securities purchased on the open market).

  • Account Ownership Notwithstanding anything else in this Exhibit or the Agreement, i) the Legal Guardian may take over as Account Owner with respect to the Newborn Stem Cells at any time before the Child reaches the age of majority by executing a new ViaCord Services Agreement, and ii) the Child may take over as Account Owner with respect to the Newborn Stem Cells at any time after reaching the age of majority by executing a new ViaCord Services Agreement.

  • Data Ownership BA acknowledges that BA has no ownership rights with respect to the Protected Information.

  • Beneficial Ownership The Company shall not effect any conversions of this Note and the Holder shall not have the right to convert any portion of this Note or receive shares of Common Stock as payment of interest hereunder to the extent that after giving effect to such conversion or receipt of such interest payment, the Holder, together with any affiliate thereof, would beneficially own (as determined in accordance with Section 13(d) of the Exchange Act and the rules promulgated thereunder) in excess of 4.99% of the number of shares of Common Stock outstanding immediately after giving effect to such conversion or receipt of shares as payment of interest. Since the Holder will not be obligated to report to the Company the number of shares of Common Stock it may hold at the time of a conversion hereunder, unless the conversion at issue would result in the issuance of shares of Common Stock in excess of 4.99% of the then outstanding shares of Common Stock without regard to any other shares which may be beneficially owned by the Holder or an affiliate thereof, the Holder shall have the authority and obligation to determine whether the restriction contained in this Section will limit any particular conversion hereunder and to the extent that the Holder determines that the limitation contained in this Section applies, the determination of which portion of the principal amount of this Note is convertible shall be the responsibility and obligation of the Holder. If the Holder has delivered a Conversion Notice for a principal amount of this Note that, without regard to any other shares that the Holder or its affiliates may beneficially own, would result in the issuance in excess of the permitted amount hereunder, the Company shall notify the Holder of this fact and shall honor the conversion for the maximum principal amount permitted to be converted on such Conversion Date in accordance with Section 3(a) and, any principal amount tendered for conversion in excess of the permitted amount hereunder shall remain outstanding under this Note. In the event that the Market Capitalization of the Company falls below $2,500,000, the term “4.99%” above shall be permanently replaced with “9.99%”. “Market Capitalization” shall be defined as the product of (a) the closing price of the Common Stock of the Common stock multiplied by (b) the number of shares of Common Stock outstanding as reported on the Company’s most recently filed Form 10-K or Form 10-Q. The provisions of this Section may be waived by Holder upon not less than 65 days prior written notification to the Company.

  • Company Ownership Company will own its respective right, title, and interest, including Intellectual Property Rights, in and to the Company Data. Company hereby grants BNYM a limited, nonexclusive, nontransferable license to access and use the Company Data, and consents to BNYM's permitting access to, transferring and transmitting Company Data, all as appropriate to Company's use of the Licensed Rights or as contemplated by the Documentation.