Nature and Term of Grant Sample Clauses

Nature and Term of Grant. A. City does hereby grant to Grantee a nonexclusive right to construct, operate and maintain a chilled water system in the Streets of Cincinnati bounded by and including Xxxxxxxxx Avenue on the east, Central Avenue on the west, Central Parkway on the north and to the banks of the Ohio River on the south. City will give Grantee the right to install pipes on the Streets delineated on Grantee's master plan; said plan will be given to City by December 31, 1995 or three business days prior to the execution of this agreement, whichever comes first. The master plan will give the approximate horizontal and vertical location of Grantee's facilities in Street. The parties acknowledge that the exact location may vary as field locations dictate Grantee shall provide City with more detailed plans of the location of its facilities by March 1, 1996. Grantee must have said pipes installed by December 31, 2000. Nothing contained herein shall prevent City from permitting another provider to install a System in a Street if there is adequate space in said Street in addition to what is required by Grantee's master plan. Grantee acknowledges that the City is concerned with disruptions to business and traffic and to the overcrowded condition of the Street's subsurface area. Therefore, Grantee acknowledges that no pipe shall be installed in a City Street without the prior approval of the City Engineer, said approval shall not be unreasonably withheld.
Sample 1
AutoNDA by SimpleDocs
Nature and Term of Grant 
Sample 1Sample 2Sample 3See All (11)

Related to Nature and Term of Grant

  • Term of Agreement and Termination 2.1. This Agreement enters into effect at the time of acceptance of this Agreement.

  • Grant and Term 2.1 In consideration of the payment of the Site Fee, the Owner grants the Principal Occupant a licence to store the Dwelling on the Site subject to the terms of this Agreement.

  • Effective Date and Term of Agreement This Agreement is effective and binding on the Company and Employee as of the date hereof; provided, however, that, subject to Section 2(d), the provisions of Sections 3 and 4 shall become operative only upon the Change in Control Date.

  • Term of Agreement This Agreement shall continue in full force and effect until the tenth (10th) anniversary of Bank Closing; provided, that the provisions of Section 6.3 and 6.4 shall survive the expiration of the term of this Agreement; and provided further, that the receivership of the Failed Bank may be terminated prior to the expiration of the term of this Agreement, and in such event, the guaranty of the Corporation, as provided in and in accordance with the provisions of Section 12.7 shall be in effect for the remainder of the term of this Agreement. Expiration of the term of this Agreement shall not affect any claim or liability of any party with respect to any (i) amount which is owing at the time of such expiration, regardless of when such amount becomes payable, and (ii) breach of this Agreement occurring prior to such expiration, regardless of when such breach is discovered.

  • Acceptance and Term of Employment The Company agrees to employ Executive and Executive agrees to serve the Company on the terms and conditions set forth herein. The Term of Employment hereunder shall commence on the Effective Date and shall continue until terminated as provided in Section 8 hereof.

  • Xxxx and Termination of Agreement 1. This Agreement shall run for a period of one (1) year from the date first written above and will be renewed from year to year thereafter unless terminated by either party as provided hereunder.

  • Conditions Term of Agreement 37 3.1 Conditions Precedent to the Initial Extension of Credit.................37 3.2 Conditions Subsequent to the Initial Extension of Credit................40 3.3 Conditions Precedent to all Extensions of Credit........................40 3.4 Term....................................................................41 3.5

  • Terms of Grant The Participant hereby accepts the offer of the Company to issue to the Participant, in accordance with the terms of the Plan and this Agreement, [ ( )] shares of the Company’s Common Stock (such shares, subject to adjustment pursuant to Section 24 of the Plan and Subsection 2.1(h) hereof, the “Granted Shares”) at a per share purchase price of $0.001 (the “Purchase Price”), receipt of which is hereby acknowledged by the Company [by the Participant’s prior service to the Company and which amount will be reported as income on the Participant’s W-2 [or 1099] for this calendar year].

  • Nature of Grant In accepting the grant, the Participant acknowledges, understands and agrees that:

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!