GRANT OF Clause Samples

The "Grant Of" clause defines the rights or interests that one party is transferring or granting to another under the agreement. Typically, this clause specifies the scope, duration, and limitations of the rights being granted, such as a license to use intellectual property, access to certain resources, or permission to perform specific activities. By clearly outlining what is being granted and under what conditions, this clause ensures both parties understand the extent of the rights involved and helps prevent disputes over unauthorized use or misunderstandings about the agreement's scope.
GRANT OF. PERMIT The Port grants to Tenant a permit to moor the vessel designated herein at Cap Sante Marina, Anacortes, Washington, hereinafter referred to as “Marina”, on a month-to-month basis for the monthly rate designated herein, plus any applicable taxes, charges, and/or commission adopted rate increase. Moorage, taxes and all applicable charges shall be paid monthly to the Port until this agreement is terminated and/or expired. Any unpaid fees will be subject to an interest charge equal to 18% per annum. Initials 2.
GRANT OF. RIGHTS Dyax shall grant exclusive rights, including the right to sublicense, to make, have made, use and sell Product, under the EPI-HNE Patent Rights, Dyax Know-How, inventions and know-how developed under Sections 4.1 and 4.2 in this Agreement, for the following therapeutic uses: ***************, such as *************** ("Field of Use").
GRANT OF an easement from The Connecticut Spring Corporation to The Hartford Electric Light Company dated December 30, 1960 and recorded in the Farmington Land Records in Volume 152 at Page 151.
GRANT OF. IRREVOCABLE PROXY. Holder hereby appoints Frontier and any designee of Frontier, and each of them individually, such Holder's proxy and attorney-in-fact, with full power of substitution and resubstitution, to vote or act by written consent during the Voting Period with respect to Holder's Subject Shares in accordance with Section 1(a). This proxy is given to secure the performance of the duties of Holder under this Agreement. Holder shall promptly cause a copy of this Agreement to be deposited with Holly at its principal place of business. Holder shall execute such o▇▇▇▇ instruments as may be necessary to effectuate the intent of this proxy.
GRANT OF. IRREVOCABLE PROXY. Stockholder hereby irrevocably appoints and constitutes Parent or any designee of Parent, with full power of substitution, the lawful agent, attorney and proxy of Stockholder (each an "IRREVOCABLE PROXY") during the term of this Agreement to vote in its sole discretion all of the shares of Company Common Stock of which Stockholder is or becomes the beneficial owner with voting power for the following purposes: (i) to call one or more meetings of the stockholders of Company in accordance with the by-laws of Company and applicable law for the purpose of considering a proposal to approve the Merger Agreement and the transactions contemplated thereby; (ii) to vote for approval of the Merger Agreement at any stockholders' meetings of Company held to consider the Merger Agreement (whether annual or special and whether or not an adjourned meeting); (iii) to vote against any other proposal for any recapitalization, merger, sale of assets or other business combination between Company and any 2 other person or entity other than Parent or Acquisition, or the taking of any action which would result in any of the conditions to the obligations of Parent, Acquisition or Company under the Merger Agreement not being fulfilled; and (iv) to vote as otherwise necessary or appropriate to enable Acquisition to consummate the transactions contemplated by the Merger Agreement and, in connection with such purposes, to otherwise act with respect to the Company Shares which Stockholder is entitled to vote. THIS IRREVOCABLE PROXY HAS BEEN GIVEN IN CONSIDERATION OF THE UNDERTAKINGS OF PARENT AND ACQUISITION IN THE MERGER AGREEMENT AND SHALL BE IRREVOCABLE AND COUPLED WITH AN INTEREST UNTIL THE IRREVOCABLE PROXY TERMINATION DATE AS DEFINED IN SECTION 2 HEREOF. This Agreement shall revoke all other proxies granted by Stockholder with respect to his Company Shares.
GRANT OF. PERMIT The Port grants to Licensee a permit to moor the vessel designated herein at Cap Sante Marina, Anacortes, Washington, hereinafter referred to as “Marina”, on a month-to-month basis for the monthly rate designated herein, plus any applicable taxes, charges, and/or commission adopted rate increase. Moorage, taxes and all applicable charges shall be paid monthly to the Port until this agreement is terminated and/or expired. Any unpaid fees will be subject to an interest charge equal to eighteen percent (18%) per annum. The assigned moorage slip and total monthly obligation are specified below. Initials 2. TERM The term of this agreement shall be month-to-month beginning on the effective date of this agreement, which is the date of mutual acceptance as confirmed by executed agreement. The term is subject to the termination provisions in paragraph 18 below. The agreement requires a minimum 30-day commitment. An initial nonrefundable sum of the first month’s moorage fees designated herein and anticipated taxes shall be collected and applied to the first month's moorage on a prorated basis beginning the effective date of this agreement. The remainder of the sum collected shall be credited to the following month's moorage fee.
GRANT OF. Option Landlord hereby grants to Tenant two (2) options (the “Options”) to extend the initial Lease Term (“Initial Term”) for additional periods of five (5) years each (each, an “Option Term”) upon and subject to the terms and conditions set forth in this Lease. The first Option Term shall commence upon the expiration of the Initial Term and the second Option Term shall commence upon the expiration of the first Option Term. Tenant may not exercise the second Option if Tenant has not exercised the first Option. Tenant shall have no right to extend the Initial Term except as provided herein. The Options shall be personal to En Pointe Technologies, Inc. and shall not be transferable or assignable to any assignee of the Lease. Each Option shall be exercised, if at all, by Tenant’s delivery of written notice of exercise to Landlord no later than nine (9) months nor earlier than twelve (12) months prior to the expiration date of the Initial Term, with respect to the first Option, or the first Option Term, with respect to the second Option. The Basic Rental to be paid during each Option Term shall be the Prevailing Market Rental, as hereinafter defined. As used herein, the term “Prevailing Market Rental” shall mean the rental and all other monetary payments and escalations that Landlord could obtain from a third party tenant comparable to Tenant desiring to lease the Premises for the applicable Option Term, taking into account the age of the Project, the size of the Premises, the type and quality of tenant improvements, the location and floor levels of the Premises, the quality of construction of the Project and the Premises, the services provided under the terms of the Lease, the rental and brokers commissions then being paid for the renewal of leases of space comparable to the Premises in the City of El Segundo and all other factors that would be relevant to a third party in determining the rental such party would be willing to pay to lease the Premises for the applicable Option Term (including any concessions then being offered); provided, however, in no event shall the Prevailing Market Rental be less than the Basic Rental payable by Tenant to Landlord at the expiration of the Initial Term, with respect to the first Option, or the first Option Term, with respect to the second Option. Tenant’s exercise of an Option shall be of no force and effect if Tenant is in default under any of the terms, covenants or conditions of this Lease at the time of Tenant’s exerc...
GRANT OF a sublicense to manufacture and sell a Diagnostic Test Kit with no associated sale of Disposable Components. If (i) the Licensee or its Group Company grants to a third party a sublicense to manufacture and sell a Diagnostic Test Kit, (ii) such Diagnostic Test Kit is a Licensed Product covered by an Issued Licensed Patent, and (iii) neither the Licensee nor any of its Group Companies sells either directly or indirectly to such third party any Disposable Components that are sold as part of such Diagnostic Test Kit, then the Licensee shall pay to the Owner [***] percent ([***]%) of the Net Receipts for such sublicense.
GRANT OF. RSUs] [MI Shares]. Subject to the terms of the Plan and Employee’s acceptance of this Agreement, this award (the “Award”) of #QuantityGranted+C# [RSUs] [MI Shares] is made as of the Grant Date.
GRANT OF. Rights Dyax shall grant exclusive rights, including the right to sublicense, to make, have made, use and sell Product, under the EPI-HNE Patent Rights, Dyax Know-How, inventions and know-how developed under Sections 4.1 and 4.2 in this Agreement, for the following therapeutic uses: treatment of cystic fibrosis, ARDS or chronic obstructive pulmonary diseases, such as emphysema and chronic bronchitis ("Field of Use").