No Grants Clause Samples
The "No Grants" clause serves to clarify that no rights, licenses, or interests are being transferred or granted to the other party under the agreement, except as explicitly stated. In practice, this means that unless the contract specifically provides for a license or right—such as to use intellectual property or confidential information—the receiving party cannot assume any such permissions. This clause is essential for preventing unintended or implied rights from being conferred, thereby protecting the owner’s interests and ensuring that all permissions are clearly documented and controlled.
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No Grants. Except as disclosed in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus, the Company has not received any written notice denying, revoking or modifying any grants or benefits from the IIA (including, in all such cases, notice of proceedings or investigations related thereto). All information supplied by the Company with respect to the applications or notifications relating to grants and benefits from the IIA was true, correct and complete in all material respects when supplied to the appropriate authorities.
No Grants. Seller has not granted to any party other than Buyer any option, contract or other agreement with respect to a purchase or sale of the Property or any portion thereof or any interest therein. Nothing in this representation shall prohibit Seller from entering into any "backup" or other agreement with respect to the Property which recognizes, and is subordinate to, the prior right of Buyer to purchase and lease the Property in accordance with the terms of this Agreement and the Lease.
No Grants. No proceeds of the Bonds are being used to make grants to any person.
No Grants. None of the Sale Proceeds or investment earnings thereon will be used to make grants to any person.
No Grants. City has not granted to any party other than Optionee any option, contract or other agreement with respect to a purchase or sale of the Option Property, or any portion thereof or any interest therein, and with the exception of the Leases and the Permitted Exceptions, there are no other agreements or options which could create an obligation to another party.
No Grants. Save as Disclosed, no Target Group Company has applied for, or received directly or indirectly, any payment, grant, subsidy, guarantee, allowance or financial assistance or other direct or indirect aid from any government department or agency or any supranational, national, local or other authority in connection with which (i) such grant is or may be liable to be repaid in whole or (ii) in part or a Target Group Company has outstanding obligations.
No Grants. Seller has not (i) entered into any agreement granting any Person the right to bring infringement Actions or otherwise enforce rights with respect to any Transferred IP, or (ii) granted a covenant not to ▇▇▇ under Transferred IP.
No Grants. No Buyer Group Company has applied for, or received directly or indirectly, any payment, grant, subsidy, guarantee, allowance or financial assistance or other direct or indirect aid from any government department or agency or any supranational, national, local or other authority in connection with which (i) such grant is or may be liable to be repaid in whole or (ii) in part or a Buyer Group Company has outstanding obligations.
No Grants. (i) No grants have been provided by the United States, a state or a political subdivision of a state in connection with any Project being developed by the Project Companies; (ii) no assets of any Project Company is subject to the alternative depreciation system within the meaning of Section 168(g) of the Code or tax-exempt use property within the meaning of Section 168(h) of the Code; (iii) no subsidized energy financing has been provided (directly or indirectly) under a federal, state or local program in connection with any Project; and (iv) no Tax credit (including the investment tax credit under Code Section 48) has been allowed with respect to any property that is part of any Project;