Grant and Term Clause Samples
The Grant and Term clause defines the rights or permissions being given under an agreement and specifies the duration for which those rights are valid. Typically, this clause outlines what is being granted—such as a license to use intellectual property, access to services, or other contractual rights—and states the start and end dates or conditions for the term. For example, it may grant a company the right to use certain software for a period of three years, subject to renewal or termination provisions. The core function of this clause is to clearly establish the scope and timeframe of the parties' obligations and entitlements, thereby preventing misunderstandings about what is permitted and for how long.
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Grant and Term. Section 2.1
Grant and Term. 4 Section 1.1 Leased Premises....................................................................4 Section 1.2 Term...............................................................................5 Section 1.3 Opening............................................................................6 Section 1.4
Grant and Term. Subject to the provisions of this Agreement: CONFIDENTIAL - DO NOT DISCLOSE
(a) Innofone hereby grants to CIBC a royalty-free, non-transferable, personal, non-exclusive right, licence and privilege to use the Trade-marks of Innofone set out in SCHEDULE "D" (the "INNOFONE TRADE-MARKS") solely in connection with CIBC's participation in and promotion of Bizsmart for the Term;
(b) CIBC hereby grants to Innofone a royalty-free, non-transferable, personal, non-exclusive right, licence and privilege to use the Trade-marks of Bizsmart set out in SCHEDULE "E" (the "BIZSMART TRADE-MARKS") solely in connection with Innofone's participation in and promotion of Bizsmart for the Term; and
(c) CIBC and Innofone may update their respective trade-▇▇▇▇ Schedule from time to time by delivering a revised Schedule to the other Party in accordance with the provision of SECTION 19.6, and any such updated Schedule shall be treated as the applicable Schedule hereunder.
Grant and Term. 21 10.2 Restriction on Grants of Licences....................................................................22 10.3
Grant and Term. 2.1 This Agreement shall commence on the Effective Date, being the date of signing of this Agreement by BPI, and shall continue until terminated by BPI and/or the Manufacturer Licensee in accordance with paragraph 7 hereof (the "Term").
2.2 In consideration of the approval of Manufacturer Licensee as a Listed Manufacturer and subject to the terms and conditions of this Agreement, BPI hereby grants to the Manufacturer Licensee the non-exclusive right and license to use the Listing Mark during the Term for the materials which qualify under the BPI Product Listing Program.
2.3 Excepting its subsidiary companies, the Manufacturer Licensee shall not be entitled to sub-license to third parties any of its rights or obligations under this Agreement without the prior, written consent of BPI.
2.4 The parties each hereby confirm to the other that it has full power and authority to enter into this Agreement, and that in doing so (or carrying out any of its obligations hereunder) it is not violating the rights of any third party or any agreement by which it is bound.
Grant and Term. 2.1 In consideration of the rents, covenants, agreements and conditions hereinafter provided to be paid, kept, performed and observed, Landlord leases to Tenant and Tenant hereby hires from Landlord the Premises described in Section 1.1(C).
2.2 Tenant shall have and hold the Premises for and during the Lease Term described in Section 1.1(G), subject to the payment of the Rent and to the full and timely performance by Tenant of the covenants and conditions hereinafter set forth.
2.3 Landlord agrees that Tenant may enter the Premises prior to the Commencement Date for the sole purpose of performing any improvements therein or installing furniture, equipment, wiring and cabling, or other personal property of Tenant (the “Early Entry”) provided that such Early Entry shall be subject to all of the terms and conditions contained in this Lease (other than the payment of Base Rent and Tenant’s Proportionate Share of Common Area Expenses), including, without limitation, Tenant’s insurance and indemnity obligations as contained in this Lease and Section 6.1. Prior to any such Early Entry, Tenant shall provide Landlord with certificates of insurance or other evidence acceptable to Landlord evidencing Tenant’s compliance with its insurance obligations. In the event that Tenant’s Early Entry interferes with or otherwise disrupts Landlord’s operations or the operations of other tenants in the Building, Landlord may terminate Tenant’s right to Early Entry. In the event Tenant substantially completes the Initial Alterations in accordance with the Work Letter and obtains a Certificate of Occupancy from the City of Austin, Texas for use and occupancy of the Premises prior to the beginning of the Commencement Date, Tenant shall have the right to move in and occupy the Premises and such occupancy shall be in addition to the Term provided for herein and all the provisions of this Lease shall be in full force and effect upon Tenant’s so taking possession for such occupancy, except that Tenant shall not be required to pay Rent with respect to the period of time prior to the Commencement Date during which Tenant occupies the Premises. Notwithstanding anything herein to the contrary, in such event, the Commencement Date for all purposes under this Lease shall be November 16, 2010.
Grant and Term. The Tenant will have and hold the Leased Premises for and during the Term (being the period of time referred to in Paragraph (c) of the Special Provisions) subject to the payment of Basic Rent and Additional Rent and the observance and performance of the terms, covenants and conditions contained in this Lease.
Grant and Term. 2.1 In consideration of the payment of the Site Fee, the Owner grants the Principal Occupant a licence to store the Dwelling on the Site subject to the terms of this Agreement.
2.2 This Agreement commences on the Commencement Date and shall continue until the Expiry Date or such earlier date upon which it is terminated in accordance with this Agreement or as specified in the Schedule.
2.3 For the avoidance of doubt, the Owner and the Principal Occupant acknowledge that they each enter into this Agreement based on their common intention that the Site is to be used for storing the Dwelling for the Term and that the use of the Dwelling by the Occupants as permitted by this Agreement shall be for holidaying purposes only and under no circumstances shall any person who has the right to use the Site under this Agreement be or become a resident or a site tenant within the meaning of the Residential Tenancies Act 1997 (Vic).
Grant and Term. 3.1 At the request of the Guarantor the Landlord, with full title guarantee but subject to the modifications in clause 3.2, leases the Premises to the Tenant for a term of fifteen years from and including 20th May 2016 expiring on and including 19th May 2031 , the Tenant paying the following sums, which are reserved as rent: the Rent, the Insurance Rent the Service Charge Estimate, the Service Charge Balance and any VAT payable on those sums and any interest due under this Lease.
3.2 The Landlord’s title guarantee is modified as follows:
3.2.1 the covenant set out in section 3(1) of the Law of Property (Miscellaneous Provisions) ▇▇▇ ▇▇▇▇ will not extend to the words “and could not reasonably be expected to” in that section; and
3.2.2 the Landlord shall not be liable under any of the covenants set out in section 3(2) of the Law of Property (Miscellaneous Provisions) ▇▇▇ ▇▇▇▇.
Grant and Term. 2.1 On the terms and conditions of this Agreement, including the conditions specified in Schedule ‘A’, we grant you a licence for you, and your employees, invitees, agents, consultants, Financing Entities, and contractors and their subcontractors to occupy the Land only for the purposes of construction, maintenance and use of the Roads, and you acknowledge this licence of occupation does not grant you exclusive use and occupancy of the Land.
2.2 Subject to conditions of the approval and Article 8, this Agreement is effective as of the date of execution and the Term shall commence on the Commencement Date and terminates on the date you notify the Commission in writing that you no longer require the Land for the purpose identified in section 2.1
2.3 Except as permitted by law or as otherwise permitted pursuant to this Agreement, you will not restrict, or permit the restriction of, the use of the Land or any Roads thereon to a defined or limited group of persons, it being the intention of the parties that such services and facilities will be available for use by all members of the public.