NCI PROPERTY Sample Clauses

NCI PROPERTY. (a) “NCI improvements” as used herein shall apply to all buildings and structures constructed by NCI for the purposes of this Agreement, as well as improvements to such buildings paid for by NCI. Such buildings, structures and improvements shall not be considered to be a part of the land, but shall be regarded and treated as the personal property of NCI. At the time of this Memorandum of Agreement there are no NCI improvements at either NCELC site or in the RLNRA. To qualify as a NCI improvement, said facility shall be constructed by NCI with funds other than those provided to the NCELC by the City and constructed upon or affixed to lands assigned to NCI with the prior written approval of NPS. NCI shall have legal title in NCI improvements. Ownership of the new improvements shall not be transfered without the approval of the NPS. NCI agrees and hereby grants to the NPS a right of first refusal, and the City a right of second refusal to acquire any or all major NCI improvements whether this agreement is still in effect or not; the intent of this sentence is to preserve the integrity of the facilities. Exercise of the City's second right shall not be subject to further NPS approval. If NPS or the City chooses to exercise its right, the value of the NCI improvements and full and just compensation to be paid for said improvements shall be determined as the fair market value of said NCI improvements. If this right is not exercised, and if the NPS determines that some other use consistent with NCELC objectives can be found for NCI improvements, NPS may authorize the sale of the NCI improvements to another party for the purpose of fulfilling that use with concurrence by the City.
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Related to NCI PROPERTY

  • B8 Property B8.1 Where the Client issues Property free of charge to the Contractor such Property shall be and remain the property of the Client and the Contractor irrevocably licences the Client and its agents to enter upon any premises of the Contractor during normal business hours on reasonable notice to recover any such Property. The Contractor shall not in any circumstances have a lien or any other interest on the Property and the Contractor shall at all times possess the Property as fiduciary agent and bailee of the Client. The Contractor shall take all reasonable steps to ensure that the title of the Client to the Property and the exclusion of any such lien or other interest are brought to the notice of all sub-contractors and other appropriate persons and shall, at the Client’s request, store the Property separately and ensure that it is clearly identifiable as belonging to the Client.

  • Real Property; Assets (a) Neither the Company nor any of its Subsidiaries owns any real property.

  • Mortgaged Property The real property securing repayment of the debt evidenced by a Mortgage Note.

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  • Real Property Interests Except for the ownership, leasehold or other interests set forth in the Information Certificate, no Credit Party has, as of the Closing Date, any ownership, leasehold or other interest in real property.

  • Real Property (a) The Company does not own any real property.

  • The Property The Landlord agrees to lease the described property below to the Tenant: (enter the property information)

  • Partnership Property All property, real, personal, tangible, intangible, or mixed, acquired by or contributed to the Partnership shall be owned by the Partnership and titled in its name and such property shall not be owned individually by any Partner. Each Partner acknowledges and agrees that the System and all elements thereof, are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Proprietary Marks are the exclusive property of the Company and are not Partnership property. Each Partner acknowledges and agrees that the Partnership shall not acquire or own any land or buildings. Any land or buildings used in the Partnership business shall be acquired and owned by the Company or an Affiliate of the Company and leased to the Partnership at reasonable rates and terms, and such land and buildings shall not be Partnership property.

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