Common use of Ownership of the System Clause in Contracts

Ownership of the System. Landlord acknowledges, understands and agrees that Tenant is the exclusive owner and operator of the System, and that all components, equipment and other tangible personal property comprising the System shall remain the sole and exclusive personal property of Tenant and shall not become fixtures, notwithstanding the manner in which the System is or may be attached to the Premises and the realty constituting same. Landlord shall have no right, title or interest in the System or any components, equipment and other tangible personal property comprising the System notwithstanding that all or portions of the System may be physically mounted or adhered to the Premises or buildings, fixtures or structures on the Premises.

Appears in 5 contracts

Samples: Lease and Feedstock Supply Agreement, Lease and Feedstock Supply Agreement, Lease and Feedstock Supply Agreement

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