Common use of Grant and Term of License Clause in Contracts

Grant and Term of License. Lessor hereby grants to Lessee the exclusive right and privilege to use Boat Slip Number , which is located at the Marina and more particularly described on Exhibit “A” attached hereto (hereinafter being referred to as the “Boat Slip”), commencing on and continuing until (hereinafter referred to as “Term”), unless terminated earlier pursuant to the terms and conditions set forth herein. Lessor reserves the right, in its sole and unlimited discretion to require Lessee to move its vessel license to another boat slip in lieu of the one set forth herein at any time upon fifteen (15) days written notice to ▇▇▇▇▇▇. If the Facility and/or Marina Space are not ready for ▇▇▇▇▇▇’s use for any reason at the date specified above, then the Term shall commence when the same are in readiness and the Term shall be extended by the same number of days as commencement is delayed. Lessor shall have no further responsibility for such delay. ▇▇▇▇▇▇ and Lessor shall amend the Term in writing if so extended.