Title Status. The Parties agree for this Agreement to operate as a “Contract” as defined by North Carolina law. This Agreement shall not be construed to result in the transfer of title to any part of the dark fiber to Purchasing Party or in the creation of a “security interest” within the meaning of North Carolina law. Purchasing Party shall keep the City system, including the dark fiber, free from all liens, including mechanics liens, and encumbrances.
Appears in 2 contracts
Sources: Dark Fiber Service Agreement, Dark Fiber Service Agreement