Nature and Term of Grant Sample Clauses

Nature and Term of Grant. 1 1.1 Grant of Franchise. 1
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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. B. Grantee shall have the right to operate a chilled water system in the Streets for a period of twenty-five years commencing with the execution of this agreement. Five years after execution of this agreement the parties shall negotiate in good faith to extend this nonexclusive agreement. In considering a renewal of this agreement City shall consider, among other things, the adequacy of Grantee's performance and services under this agreement, Grantee's past and proposed charges for chilled water, City's economic development needs, and the proposed franchise fees.
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Nature and Term of Grant. 1 1.1 Grant of Franchise 1 1.2 Duration of Franchise 1 1.3 Effective Date. 1 1.4 Competitive Equity 1 1.5 Relationship to Other Laws 2 SECTION 2. CITY'S PRINCIPLES AND INTENT 3
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Nature and Term of Grant 
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Related to Nature and Term of Grant

  • Term of Grant Agreement The term of this Grant Agreement begins on JANUARY 1, 2024, and ends three (3) years following the final payment unless otherwise terminated or amended as provided in this Agreement. However, all work shall be completed by MARCH 31, 2026, and no funds may be requested after APRIL 15, 2026.

  • Term of Agreement and Termination 2.1. This Agreement enters into effect at the time of acceptance of this Agreement. 2.2. This Agreement will terminate without any further notice in the event products offered under this Agreement have not been used during a period of two (2) years. 2.3. This Agreement may be terminated at any time by either party with 30 days written notice. 2.4. This Agreement may be terminated by SAS with immediate effect if the Company code is used for private purposes or if SAS has reasonable cause to believe that such or similar misuse has occurred or if the Company is put into bankruptcy, enters into liquidation or is otherwise deemed to be insolvent.

  • 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. 2.2 This Agreement commences on the Commencement Date and shall continue until the Expiry Date or such earlier date upon which it is terminated in accordance with this Agreement or as specified in the Schedule. 2.3 For the avoidance of doubt, the Owner and the Principal Occupant acknowledge that they each enter into this Agreement based on their common intention that the Site is to be used for storing the Dwelling for the Term and that the use of the Dwelling by the Occupants as permitted by this Agreement shall be for holidaying purposes only and under no circumstances shall any person who has the right to use the Site under this Agreement be or become a resident or a site tenant within the meaning of the Residential Tenancies Act 1997 (Vic).

  • 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 becomes effective upon the date of the last signature below ("Effective Date") and shall remain in effect until the completion of all obligations of both Parties hereto, or five years from the Effective Date, whichever comes first.

  • Conditions Term of Agreement 93 3.1 Conditions Precedent to the Initial Extension of Credit ............................................. 93 3.2 Conditions Precedent to all Extensions of Credit ........................................................ 93 3.3 Maturity ........................................................................................................................... 93 3.4

  • Exercisability and Term Each SAR Award Agreement shall specify the date when all or any installment of the SAR is to become exercisable. The SAR Award Agreement shall also specify the term of the SAR. A SAR Award Agreement may provide for accelerated exercisability in the event of the Participant’s death, disability or retirement or other events and may provide for expiration prior to the end of its term in the event of the termination of the Participant’s service. SARs may be awarded in combination with Options, and such an Award may provide that the SARs will not be exercisable unless the related Options are forfeited. A SAR may be included in an ISO only at the time of grant but may be included in an NSO at the time of grant or thereafter. A SAR granted under the Plan may provide that it will be exercisable only in the event of a Change in Control.

  • 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].

  • Term and Termination of Agreement This Agreement shall terminate upon the earlier of termination of the Advisory Agreement or on expiration of the Expense Limit Period. The obligation of the Adviser under Section 1 of this Agreement and of the Trust under Section 2 of this Agreement shall survive the termination of the Agreement solely as to expenses and obligations incurred prior to the date of such termination.

  • Term of Plan This Plan shall remain in effect until the earlier of (i) termination by the Board, (ii) the distribution of all assets of the Trust, or (iii) 21 years from the Effective Date. Termination of the Plan shall not effect any Plan Share Awards previously granted, and such Plan Share Awards shall remain valid and in effect until they have been earned and paid, or by their terms expire or are forfeited.

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