Common use of Limited License Grant Clause in Contracts

Limited License Grant. Securitize shall make available to Issuer the Securitize services that are specified in an Order Form (the “Securitize Services”). During the term of the applicable Order Form, and subject to the terms of this Agreement, Securitize grants to Issuer, and Issuer accepts from Securitize, a non-exclusive, non-transferable limited license, without a right to sublicense, in the Territory, to access the Platform solely for the purpose of preparing, facilitating and managing an offering and sale or issuance by Issuer of Securities (or such other similar transactions) as described in the applicable Order Form (the “Company Offering”). In addition, Securitize agrees that it will grant, in accordance with relevant Securitize documentation, to prospective investors solicited by Issuer or its agents who are interested in purchasing Securities in the Issuer’s offering (“Authorized Persons” and, together with Authorized Users, “Authorized Participants”) the right to access the Platform in order to utilize the Securitize Services for the benefit of Issuer. If, based on the reasonable determination of Securitize or Issuer, any Authorized Participant is using the Securitize Services in a manner that is prohibited by Securitize or otherwise inconsistent with the intended use of the Securitize Services (a “Prohibited Use”), in addition to any of its other rights or remedies, Securitize may, without liability to Issuer, suspend or limit the Issuer’s or such Authorized Participant’s access to the Securitize Services until such prohibited usage is fully remedied. Issuer shall use commercially reasonable efforts to provide Securitize notice of any Prohibited Use as soon as reasonably practicable after gaining knowledge thereof.

Limited License Grant. Securitize shall make available to Issuer the Securitize services that are specified in an Order Form (the “"Securitize Services”"). During the term of the applicable Order Form, and subject to the terms of this Agreement, Securitize grants to Issuer, and Issuer accepts from Securitize, a non-exclusive, non-transferable limited license, without a right to sublicense, in the Territory, to access the Platform solely for the purpose of preparing, facilitating and managing an offering and sale or issuance by Issuer of Securities (or such other similar transactions) as described in the applicable Order Form (the “"Company Offering”"). In addition, Securitize agrees that it will grant, in accordance with relevant Securitize documentation, to prospective investors solicited by Issuer or its agents who are interested in purchasing Securities in the Issuer’s 's offering (“"Authorized Persons” " and, together with Authorized Users, “"Authorized Participants”") the right to access the Platform in order to utilize the Securitize Services for the benefit of Issuer. If, based on the reasonable determination of Securitize or Issuer, any Authorized Participant is using the Securitize Services in a manner that is prohibited by Securitize or otherwise inconsistent with the intended use of the Securitize Services (a “"Prohibited Use”"), in addition to any of its other rights or remedies, Securitize may, without liability to Issuer, suspend or limit the Issuer’s 's or such Authorized Participant’s 's access to the Securitize Services until such prohibited usage is fully remedied. Issuer shall use commercially reasonable efforts to provide Securitize notice of any Prohibited Use as soon as reasonably practicable after gaining knowledge thereof.

Limited License Grant. Securitize shall make available to Issuer the Securitize services that are specified in an Order Form (the “Securitize Services”). During the term of the applicable Order Form, and subject to the terms of this Agreement, Securitize grants to Issuer, and Issuer accepts from Securitize, a non-exclusive, non-transferable limited license, without a right to sublicense, in the Territory, to access the Platform solely for the purpose of preparing, facilitating and managing an offering and sale or issuance by Issuer of Securities (or such other similar transactions) as described in the applicable Order Form (the “Company Offering”). In addition, Securitize agrees that it will grant, in accordance with relevant Securitize documentation, to prospective investors solicited by Issuer or its agents who are interested in purchasing Securities in the Issuer’s offering (“Authorized Persons” and, together with Authorized Users, “Authorized Participants”) the right to access the Platform in order to utilize the Securitize Services for the benefit of Issuer. If, based on the reasonable determination of Securitize or Issuer, any Authorized Participant is using the Securitize Services in a manner that is prohibited by Securitize or otherwise inconsistent with the intended use of the Securitize Services (a “Prohibited Use”), in addition to any of its other rights or remedies, Securitize may, without liability to Issuer, suspend or limit the Issuer’s or such Authorized Participant’s access to the Securitize Services until such prohibited usage is fully remedied. Issuer shall use commercially reasonable efforts to provide Securitize notice of any Prohibited Use as soon as reasonably practicable after gaining knowledge thereof.