Grants   Recitals Clause Samples

The "Grants Recitals" clause serves to formally acknowledge and summarize the key grants, rights, or permissions that are being provided under the agreement. Typically found at the beginning of a contract, this clause outlines the essential background and context, such as the parties involved and the nature of the rights or licenses being granted, for example, the right to use intellectual property or access certain resources. Its core practical function is to ensure that all parties have a clear, shared understanding of the foundational grants underpinning the agreement, thereby reducing the risk of misunderstandings or disputes later on.
Grants   Recitals. Holdco Preamble Holdco Class A-2 Capital Interests Recitals Holdco Class A-2 Profits Interests Recitals Holdco Class B Interests Recitals Holdco Common Units Recitals Holdco LLC Agreement Recitals Indemnification Sources 10.02(e) Indemnitee-Related Entities 10.02(e)(i) Initial LLC Agreement Recitals Investment Company Act 8.01(c) Jointly Indemnifiable Claims 10.02(e)(ii) Member Parties 12.11(a) Member Schedule 3.01(b) Minimum Annual Payment 9.05(e) Officers 7.08(a) PROCESS AGENT 12.05(b) Pubco Recitals Reorganization Recitals Reorganization Agreement Recitals Section 754 Election 6.02 Tax Matters Partner 6.01 Transferring Member 5.02(b) ▇▇▇▇▇ Preamble Withholding Advances 5.06(b)
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Related to Grants   Recitals

  • Incorporation of Recitals The recitals hereto are incorporated herein as part of this Agreement.

  • RECITALS A Upon consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of November 25, 1997 by and among ▇.▇. Childs Equity Partners, L.P., a Delaware limited partnership, UHS Acquisition Corp., a Minnesota corporation, and Universal Hospital Services, Inc., a Minnesota corporation (the "Acquisition Agreement"), and of certain related transactions to be consummated concurrently therewith, the Stockholders (as hereinafter defined) will own (and may hereafter acquire) certain shares of Common Stock (as hereinafter defined) and certain options, warrants, securities and other rights to acquire from the Company, by exercise, conversion, exchange or otherwise, shares of Common Stock or securities convertible into Common Stock.

  • RECITALS WHEREAS the Lessor is the registered owner of the Vehicle, WHEREAS, the Lessor is desirous of leasing the Vehicle to the Lessee on such terms as are set out in this Vehicle Lease Agreement (the Agreement”) and the Lessee is desirous of leasing the Vehicle from the Lessor on said terms, WHEREAS, this Agreement is a lease-only and Lessee will have no right, title, or interest in or to the Vehicle except for the use of the Vehicle as described in this Agreement, WHEREAS, this Agreement shall be treated as a true lease for federal and applicable state income tax purposes with Lessor having all benefits of ownership of the Vehicle, NOW, THEREFORE, IT IS HEREBY AGREED as follows: 2.

  • PRELIMINARY RECITALS Executive’s employment with the Company has terminated.

  • Incorporation of Recitals and Exhibits The Recitals and each exhibit attached hereto are hereby incorporated herein by reference.