Common use of Separate Property Clause in Contracts

Separate Property. 25.1. It is not contemplated that any property, real or personal, will be acquired by any Party separately or jointly as a result of this Agreement. No separate fund shall be established with regard to this Agreement. Any acquisition of joint property shall be subject to a separate lnterlocal Agreement executed prior to or at the time of such joint acquisition. All equipment and property owned or acquired solely by a Party hereto shall remain the equipment and property of that Party.

Separate Property. 25.1. It is not contemplated that any property, real or personal, will be acquired by any Party separately or jointly as a result of this Mutual Aid Agreement. No separate fund shall be established with regard to this Mutual Aid Agreement. Any acquisition of joint property shall shell be subject to a separate lnterlocal Interlocal Agreement executed prior to or at the time of such joint acquisition. All equipment and property owned or acquired solely by a Party hereto shall remain the equipment and property of that Party.

Separate Property. 25.1. It is not contemplated that any property, real or personal, will be acquired by any Party separately or jointly as a result of this Agreement. No separate fund shall be established with regard to this Agreement. Any acquisition of joint property shall be subject to a separate lnterlocal Interlocal Agreement executed prior to or at the time of such joint acquisition. All equipment and property owned or acquired solely by a Party hereto shall remain the equipment and property of that Party.