Common use of Title to the Project Clause in Contracts

Title to the Project. Throughout the duration of the PPA, the SPD shall be the legal and beneficial owner of the Project at all times, and the Project shall remain a property of the SPD and shall not attach to or be deemed a part of, or fixture to, the Premises. The title to the Project will be transferred to the Procurer at Termination of the PPA at the end of the Term (i.e. after completion of twenty-five (25) Contract Years) within thirty (30) Days. The title to be transferred to Procurer free of all encumbrances and at zero cost to the Procurer

Title to the Project. Throughout the duration of the PPA, the SPD shall be the legal and beneficial owner of the Project at all times, and the Project shall remain a property of the SPD and shall not attach to or be deemed a part of, or fixture to, the Premises. The title to the Project will be transferred to the Procurer at Termination of the PPA at the end of the Term (i.e. after completion of twenty-five (25) Contract Operational Years) within thirty (30) Days. The title to be transferred to Procurer free of all encumbrances and at zero cost to the Procurer.