Grantee Use Clause Samples

Grantee Use. Grantee shall use the Easement Area for the Permitted Uses set forth in § 4(J), above and for no other uses. Subject to the restrictions set forth in this Agreement, ▇▇▇▇▇▇▇ agrees to manage the Easement Area in a manner to allow public use of the Easement under § 6(A)(i), above, only to the extent such use is consistent with the following management priorities: public safety; preservation of the quality of the river experience; and protection of the environment and surrounding natural resources. In addition to the restrictions set forth in this Agreement, Grantee shall have the right to set rules imposing restrictions on public access and use of the Easement Area in furtherance of such management priorities. Grantee shall not allow any use by Floaters unless and until Grantee has first clearly posted the Permitted Uses set forth in §§ 4(J)(iii), (iv), and (v) above and the Prohibited Actions at the Easement Area in a conspicuous location. Grantee shall have the right to temporarily close the Easement Area to public use from time to time as Grantee deems necessary for public safety, to protect the environmental and natural resources, to preserve the quality of the river experience, and/or to carry out its maintenance, repair and management duties permitted or required under this Agreement.
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Related to Grantee Use

  • GRANTEE Grantee will be in default under this Grant upon the occurrence of any of the following events: 15.1.1 Grantee fails to use the Grant Funds for the intended purpose described in Exhibit A or otherwise fails to perform, observe or discharge any of its covenants, agreements or obligations under this Grant; 15.1.2 Any representation, warranty or statement made by Grantee in this Grant or in any documents or reports relied upon by Agency to measure the Project, the expenditure of Grant Funds or the performance by Grantee is untrue in any material respect when made; or 15.1.3 A petition, proceeding or case is filed by or against Grantee under any federal or state bankruptcy, insolvency, receivership or other law relating to reorganization, liquidation, dissolution, winding- up or adjustment of debts; in the case of a petition filed against Grantee, Grantee acquiesces to such petition or such petition is not dismissed within 20 calendar days after such filing, or such dismissal is not final or is subject to appeal; or Grantee becomes insolvent or admits its inability to pay its debts as they become due, or Grantee makes an assignment for the benefit of its creditors.

  • Grantee Employment Nothing contained in this Agreement, and no action of the Company or the Committee with respect hereto, shall confer or be construed to confer on the Grantee any right to continue in the employ of the Company or any of its Subsidiaries or interfere in any way with the right of the Company or any employing Subsidiary to terminate the Grantee's employment at any time, with or without cause; subject, however, to the provisions of any employment agreement between the Grantee and the Company or any Subsidiary.

  • Disability of Optionee If the Optionee ceases to be a Service Provider as a result of the Optionee’s Disability, this Option may be exercised for a period of twelve (12) months after the date of such termination (but in no event later than the expiration date of this Option as set forth in the Notice of Grant) to the extent that the Option is vested on the date of such termination. To the extent that Optionee does not exercise this Option within the time specified herein, the Option shall terminate.

  • Retention of Servicer Effective as of the Closing Date, to the fullest extent permitted under applicable Law and under the Serviced Corporate Trust Contract related to each Serviced Appointment, (a) ▇▇▇▇▇ Bank hereby engages the Bank Assets Purchaser and (b) ▇▇▇▇▇ Trust Company hereby engages Delaware Trust Assets Purchaser (or the Bank Assets Purchaser, if required by Section 3.3), in each case, as Servicer to perform and discharge the Serviced Duties in respect of each Serviced Appointment as agent of such Seller. To the fullest extent permitted under applicable Law and under such Serviced Corporate Trust Contract, this Agreement shall satisfy any requirement under any such Serviced Corporate Trust Contract for a written instrument of agency appointment with respect to any of the Serviced Appointments.

  • RETENTION OF ULTIMUS The Trust hereby retains Ultimus to act as the fund accountant of the Trust and to furnish the Trust with the services as set forth below. Ultimus hereby accepts such employment to perform such duties.