Title to Project Sample Clauses
The "Title to Project" clause establishes when and how ownership of the project or its deliverables transfers from one party to another, typically from the contractor or service provider to the client. In practice, this clause specifies the point at which the client gains legal rights to the work, which may occur upon completion, delivery, or payment. Its core function is to clearly define ownership boundaries, thereby preventing disputes over property rights and ensuring both parties understand when responsibilities and risks associated with the project shift.
Title to Project. Deliverables Unless otherwise specified in writing in the Purchase Order, the Authorized User shall have ownership and license rights as follows:
Title to Project. Title to the Project will initially be in the Borrower. Provided the Borrower shall obtain a Favorable Opinion of Bond Counsel, the Borrower shall have the right to convey the Project to any other persons, subject to the limitations, if any, contained in other provisions of this Loan Agreement and the Borrower's Tax Certificate. Upon, and as a condition to, any such conveyance not permitted hereby, the Borrower shall prepay the Outstanding Loan Amount immediately upon demand of the Issuer or the Bank.
Title to Project. Deliverables Contractor acknowledges that it is commissioned by the Authorized User to perform the services detailed in the Purchase Order. Unless otherwise specified in writing in the Bid or Purchase Order, the Authorized User shall have ownership and license rights as follows:
(i) Existing Products and/or Services:
1. Hardware - Title and ownership of Existing
Title to Project. Seller or Financing Party shall be the legal and beneficial owner of the Project at all times and the Project shall be the personal property of the Seller or its Financing Party, as applicable.
Title to Project. Subject to and except for the “Permitted Exceptions” described on Exhibit B - Permitted Exceptions, Borrower has good title to the Project, free and clear of any mortgages, liens, or other security interest other than those in favor of LHC.
Title to Project. Upon the execution and delivery hereof, ---------------- the Issuer agrees that it will furnish to the Company and the Trustee an opinion of the Issuer's Counsel or other Counsel satisfactory to the Company and the Trustee stating that the Issuer has good fee simple title and/or a leasehold interest in and to the Project.
Title to Project. Project Owner is, or will be upon acquisition of the Land and Construction Improvements as contemplated by this Loan Agreement Supplement, the sole legal and beneficial owner of the Land and Construction Improvements, free and clear of all claims, liens and encumbrances other than Permitted Exceptions. All of the personal property which forms a part of the Construction Improvements is or will be vested solely in Project Owner, free and clear of all claims, liens and encumbrances, other than Permitted Exceptions, and the security interest of Lender in such personal property is a first lien thereon, subject only to Permitted Exceptions.
Title to Project. The Company has good title to, or has contractual rights to use or obtain pursuant to the Material Contracts, all of the property and assets (whether real or personal, tangible or intangible) necessary for the use, development, construction, ownership, maintenance and operation of the Project, other than those properties and assets that can reasonably be expected to be commercially available at or for delivery to the Project Site on commercially reasonable terms. The equipment and facilities held by the Company are in good operating condition and repair (subject to normal wear and tear), and are suitable for their intended use.
Title to Project. (a) NOTWITHSTANDING ANY PROVISION IN THIS AGREEMENT TO THE CONTRARY, THE PROJECT AND ALL ALTERATIONS, ADDITIONS, EQUIPMENT AND FIXTURES BUILT, MADE OR INSTALLED BY THE LESSEE IN, ON, UNDER OR TO THE PREMISES AND TO THE PROJECT SHALL BE THE SOLE PROPERTY OF THE LESSEE AND THE LESSEE SHALL HOLD TITLE TO THE PROJECT AND ALL SUCH IMPROVEMENTS UNTIL THE EXPIRATION OR EARLIER TERMINATION OF THIS AGREEMENT.
(b) The County agrees that Lessee, at any time prior to the forty- fifth (45th) day after the expiration or other termination of this Agreement, may remove from the Premises any and all office, maintenance, construction or similar equipment (but not appliances and fixtures installed in the respective residential units) which Lessee has furnished or installed together with all personal and other property in which the Lessee has an interest, provided that Lessee shall repair any physical damage to the Premises caused by the removal of such equipment and property. Thereafter, and provided the Lessee has not exercised its option to purchase the County’s interest in the Project set forth in Section 20(d) above, the Project and all alterations, additions, equipment and fixtures thereto shall be deemed to be and shall automatically become the property of the County, without cost or charge to the County.
(c) The County expressly acknowledges and agrees that any and all depreciation, amortization, profits, losses, income, and tax credits for Federal or state tax purposes relating to the Project located on the Premises and any and all additions thereto, substitutions therefor, fixtures therein and other property relating thereto shall be deducted by or credited exclusively to Lessee during the Lease Term.
Title to Project. The POP Affiliate indirectly holds fee simple title to the Land and the Building, subject only to the Permitted Exceptions. The ownership structure of the Project is depicted and summarized on Exhibit F attached hereto and incorporated herein by this reference.