Common use of Grant and Term Clause in Contracts

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 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.