Infrastructure Grant Clause Samples
An Infrastructure Grant clause defines the terms under which financial support is provided for the development or improvement of physical facilities or systems. Typically, this clause outlines the scope of eligible projects, the amount and timing of funding, and any requirements for reporting or compliance by the recipient. Its core function is to ensure that grant funds are used appropriately for infrastructure purposes, providing clear guidelines and accountability for both the grantor and the recipient.
Infrastructure Grant. Subject to the terms of this Agreement, Xerox hereby grants, and agrees to cause the members of the Xerox Group to hereby grant, to Conduent and the members of the Conduent Group a personal, irrevocable (except as set forth in Article VIII and Article IX), non-exclusive, worldwide, royalty-free and non-transferable (except as set forth in Article VIII) license under the Licensed Xerox IPR to use, compile, execute, display, perform, modify, maintain, repair, reproduce, support and translate Technology of Xerox, or a member of the Xerox Group, or Conduent, or a member of the Conduent Group, in existence as of the Distribution Date, and reasonable extensions of or improvements thereto, for carrying out internal business operations of the BPO Business to the extent that (i) such Technology was used by the BPO Business as of or prior to the Distribution Date in such internal business operations, and (ii) no Xerox Current Product that is made available to Conduent on commercially reasonable terms by Xerox is a reasonable substitute for such Technology.
Infrastructure Grant. Recreation Facilities
Infrastructure Grant. VENUWORKS will: • VenuWorks will invest up to $150,000 to adequately build out the concessions operation at the Civic Center. The investment will be in the form of an interest-free loan, to be amortized over a period of ten years with payments starting the month of December 2018. The cost of amortizing the equipment investment will be paid from the Center’s operating budget, from the increased gross concession sales made possible by the additional equipment. • VenuWorks will provide all box office equipment for the Center free of charge through its national ticketing contract with Ticketmaster. • VenuWorks will generate sponsorship sales to pay for a state-of-the-art exterior marquee for the Civic Center. It is anticipated that sponsorship revenues from the marquee will not only pay for the equipment and installation, but will create an important annual revenue stream for the Center.
Infrastructure Grant