Facilities Ownership Sample Clauses

Facilities Ownership. At such time that all debt service and related obligations have been satisfied, the proposed new school facilities will be owned by FSUS, Inc. on behalf of the DRCS. The FSUS, Inc. shall have the right to possess such property for its operation during the term of the Charter, but will allow other organizations appropriate usage when practically available as determined by FSUS, Inc. policy and administration. Provided further, however, that any such users of the facilities will be responsible for the reasonable costs of operation, maintenance, security, damage, depreciation, and insurance associated with such use.
Sample 1
AutoNDA by SimpleDocs
Facilities Ownership. The City will own all land and capital improvements comprising the Project. To the extent not in conflict with the LGC’s authority set forth in its by-laws and certificate of formation, the LGC may delegate its obligations by and through third-party agreements, including but not limited to development, use, and operations agreements.
Sample 1
Facilities Ownership. 2.1. Tempe is the owner of the Facility. Any access to the Conduit System for purposes of installation or repair requires the pre-approval of Tempe. If the Sharing Agreement or this Supplement 1 is ever terminated, ASU shall be responsible to remove all of its fiber optic cable and to restore the property to its pre-existing condition.
Sample 1
Facilities Ownership. The Parties agree that all State-owned petroleum facilities (production, processing and transportation facilities) constructed or installed for the petroleum operations shall be the property of, and subject to the jurisdiction of, the State on or underneath whose territory such facilities are placed. The same principle shall apply to facilities that are part- owned by the State, to the extent of such State ownership. The principle in this Article 2 shall apply to both fixed assets and movable assets used for the operation of such fixed assets. 3 EXPLORATION AND PRODUCTION SHARING AGREEMENTS (”EPSAS”)‌ Following secession of the South, each party shall engage with the operating companies to agree the necessary arrangements and procedures to ensure continued uninterrupted petroleum operations – while maintaining the material provisions of the EPSAs. For EPSAs where the contract area includes areas on both sides of the common border and there is currently production, the North undertakes to maintain the EPSAs unchanged apart from a reduction of the applicable contract area, production sharing tiers, ring fences and other consequential changes. For EPSAs where the contract area includes areas on both sides of the common border and there is currently production, the South undertakes to enter into new EPSAs covering the contract area south of the border, addressing the reduction of the applicable contract area, production sharing tiers, ring fences and other consequential changes into consideration, but subject to a review of the terms of such EPSA. Government entitlements of Profit Oil shall not be reduced below the aggregate volumes of Profit oil that would have been allocated to the sole Government Party under those EPSAs had the splitting of the EPSAs not occurred. For the avoidance of doubt, no petroleum produced in one State shall be used to recover costs for facilities, assets and operations in the other State.
Sample 1
Facilities Ownership. As described in the Original Lease, Municipality is considered the owner of all of the station building, platforms, canopies, stairways, lighting, shelters, entrances and exits, restroom facilities, sidewalks, parking improvements, driveways and walkways (collectively, these improvements, including any subsequent improvements thereto or replacements thereof, are referred to herein as the "Facilities") located on the Leased Premises. It is agreed by Municipality and BNSF that Municipality shall be the owner of the Facilities during the Term of this Agreement. Notwithstanding the foregoing, in the event that this Agreement is terminated for any reason without renewal or replacement by another agreement governing the lease arrangement of the Leased Premises between BNSF and Municipality, the Facilities on the Leased Premises, upon request by BNSF, shall become the property of BNSF. Upon BNSF's request, and for no additional consideration, Municipality agrees to convey the applicable Facilities located on the Leased Premises to BNSF via a xxxx of sale in form and substance reasonably acceptable to BNSF. If BNSF does not elect to take all Facilities, Municipality will have the option to either remove such Facilities within sixty (60) days or abandon the same. If abandoned, such Facilities shall become the property of BNSF, and Municipality shall provide a xxxx of sale conveying the same to BNSF upon request by BNSF. Municipality's obligations under this Section 1.C shall expressly survive termination of this Agreement.
Sample 1
Facilities Ownership. 2.1. The host AGENCY grants the requesting AGENCY use of the Facility in accordance with the terms of this IGA.
Sample 1

Related to Facilities Ownership

  • FACILITIES USE a. COLLEGE and SCHOOL DISTRICT shall adhere to the terms outlined in Section 15, Facilities, of this CCAP Agreement.

  • FUND TRANSFER FACILITIES VIA TBS The Account Holder may apply, in accordance with the Bank’s prescribed procedure then prevailing and the Bank may, in its reasonable discretion, permit the Account Holder to operate such fund transfer facilities via the TBS, including without limitation, GIRO or direct debit banking system as may be made available by the Bank from time to time. The Account Holder acknowledges that the operation of such fund transfer facilities shall be subject to the relevant terms and conditions governing such facilities.

  • LIS Entrance Facilities 7.3.1.1.1 Recurring and nonrecurring rates for LIS Entrance Facilities are specified in Exhibit A and will apply for those DS1 or DS3 facilities dedicated to use as LIS.

  • Information regarding Interconnection Facilities 4.2.1 The SPD shall be required to obtain all information from the STU/CTU/concerned authority with regard to the Interconnection Facilities as is reasonably necessary to enable it to design, install and operate all interconnection plant and apparatus on the SPD’s side of the Delivery Point to enable delivery of electricity at the Delivery Point. The transmission of power up to the point of interconnection where the metering is done for energy accounting shall be the responsibility of the SPD at his own cost.

  • Use of State Facilities Resources and Equipment a. Meeting Space and Facilities. The Employer’s campuses and facilities may be used by the Union to hold meetings subject to the University’s policy and availability of the space. The Employer may provide private space for stewards and/or Union representatives to meet in confidence with those they represent on a space available basis. Staff representatives may reserve and utilize meeting rooms in accordance with University policy and procedure. Such requests will be subject to availability and all applicable fees.

  • State Facilities If the State makes space available to the Party in any State facility during the term of this Agreement for purposes of the Party’s performance under this Agreement, the Party shall only use the space in accordance with all policies and procedures governing access to and use of State facilities which shall be made available upon request. State facilities will be made available to Party on an “AS IS, WHERE IS” basis, with no warranties whatsoever.

  • Office Facilities During the Employment Period, the Company will furnish Executive, without charge, suitable office facilities for the purpose of performing his duties hereunder, which facilities shall include secretarial, telephone, clerical and support personnel and services and shall be similar to those furnished to employees of the Company having comparable positions.

  • Facilities Study In analyzing and preparing the Facilities Study, and in designing and constructing the Attachment Facilities, Local Upgrades and/or Network Upgrades described in the Specifications attached to this ISA, Transmission Provider, the Interconnected Transmission Owner(s), and any other subcontractors employed by Transmission Provider have had to, and shall have to, rely on information provided by Interconnection Customer and possibly by third parties and may not have control over the accuracy of such information. Accordingly, NEITHER TRANSMISSION PROVIDER, THE INTERCONNECTED TRANSMISSION OWNER(s), NOR ANY OTHER SUBCONTRACTORS EMPLOYED BY TRANSMISSION PROVIDER OR INTERCONNECTED TRANSMISSION OWNER MAKES ANY WARRANTIES, EXPRESS OR IMPLIED, WHETHER ARISING BY OPERATION OF LAW, COURSE OF PERFORMANCE OR DEALING, CUSTOM, USAGE IN THE TRADE OR PROFESSION, OR OTHERWISE, INCLUDING WITHOUT LIMITATION IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH REGARD TO THE ACCURACY, CONTENT, OR CONCLUSIONS OF THE FACILITIES STUDY OR THE SYSTEM IMPACT STUDY IF A FACILITIES STUDY WAS NOT REQUIRED OR OF THE ATTACHMENT FACILITIES, THE LOCAL UPGRADES AND/OR THE NETWORK UPGRADES, PROVIDED, HOWEVER, that Transmission Provider warrants that the Transmission Owner Interconnection Facilities and any Merchant Transmission Upgrades described in the Specifications will be designed and constructed (to the extent that Interconnected Transmission Owner is responsible for design and construction thereof) and operated in accordance with Good Utility Practice, as such term is defined in the Operating Agreement. Interconnection Customer acknowledges that it has not relied on any representations or warranties not specifically set forth herein and that no such representations or warranties have formed the basis of its bargain hereunder.

  • Payment of Premiums; Substitution of Policy; Loss Reserve; Protection of Lender If Lender required Mortgage Insurance as a condition of making the Loan, Borrower will pay the premiums required to maintain the Mortgage Insurance in effect. If Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, and (i) the Mortgage Insurance coverage required by Lender ceases for any reason to be available from the mortgage insurer that previously provided such insurance, or (ii) Lender determines in its sole discretion that such mortgage insurer is no longer eligible to provide the Mortgage Insurance coverage required by Lender, Borrower will pay the premiums required to obtain coverage substantially equivalent to the Mortgage Insurance previously in effect, at a cost substantially equivalent to the cost to Borrower of the Mortgage Insurance previously in effect, from an alternate mortgage insurer selected by Xxxxxx. If substantially equivalent Mortgage Insurance coverage is not available, Borrower will continue to pay to Lender the amount of the separately designated payments that were due when the insurance coverage ceased to be in effect. Lender will accept, use, and retain these payments as a non-refundable loss reserve in lieu of Mortgage Insurance. Such loss reserve will be non-refundable, even when the Loan is paid in full, and Lender will not be required to pay Borrower any interest or earnings on such loss reserve. Lender will no longer require loss reserve payments if Mortgage Insurance coverage (in the amount and for the period that Lender requires) provided by an insurer selected by Lender again becomes available, is obtained, and Lender requires separately designated payments toward the premiums for Mortgage Insurance. If Lender required Mortgage Insurance as a condition of making the Loan and Borrower was required to make separately designated payments toward the premiums for Mortgage Insurance, Borrower will pay the premiums required to maintain Mortgage Insurance in effect, or to provide a non-refundable loss reserve, until Lender’s requirement for Mortgage Insurance ends in accordance with any written agreement between Borrower and Lender providing for such termination or until termination is required by Applicable Law. Nothing in this Section 11 affects Borrower’s obligation to pay interest at the Note rate.

  • Use of Interconnection Facilities by Third Parties 6551 Error! Hyperlink reference not valid.9.9.1 Purpose of Interconnection Facilities. 6551

Time is Money Join Law Insider Premium to draft better contracts faster.