Grantee Group definition

Grantee Group means Grantee, its affiliates and subsidiaries and each of their employees, directors, officers, agents, representatives, contractors, subcontractors, suppliers and service providers (including any self-employed persons) at any tier, that performs any portion of the Work and/or Activities on the Lands.
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Grantee Group as used herein, shall mean (1) Grantee (including, without limitation, any participant in the Loan and any of their respective successors or assigns, whether by sale, a secondary market transaction, or otherwise), (2) any entity controlling, controlled by or under common control with Grantee, (3) the directors, officers, employees and agents of Grantee and such other entities, and (4) the successors, heirs and assigns of the entities and persons described in foregoing clauses (1) through (3). Grantor shall pay immediately upon Xxxxxxx’s demand any amounts owing under this indemnity together with interest from the date the indebtedness arises until paid at the rate of interest applicable to the principal balance of the Note as specified therein. Xxxxxxx agrees to use legal counsel reasonably acceptable to the Grantee Group in any action or proceeding arising under this indemnity. THE PROVISIONS OF THIS SECTION SHALL SURVIVE THE SATISFACTION AND RELEASE OF THIS SECURITY DEED, BUT XXXXXXX’S LIABILITY UNDER THIS INDEMNITY SHALL BE SUBJECT TO THE PROVISIONS OF THE SECTION IN THE NOTE ENTITLED “BORROWER’S LIABILITY.” GRANTOR HEREBY AGREES THAT, IN THE EVENT THAT IT IS DETERMINED THAT ADDITIONAL DOCUMENTARY STAMP TAX OR INTANGIBLE TAX IS DUE HEREON OR ANY MORTGAGE OR DEED TO SECURE DEBT OR PROMISSORY NOTE EXECUTED IN CONNECTION HEREWITH (INCLUDING, WITHOUT LIMITATION, THE NOTE), GRANTOR SHALL INDEMNIFY AND HOLD HARMLESS GRANTEE FOR ALL SUCH DOCUMENTARY STAMP TAX AND/OR INTANGIBLE TAX, INCLUDING ALL PENALTIES AND INTEREST ASSESSED OR CHARGED IN CONNECTION XXXXXXXXX. GRANTOR SHALL PAY SAME WITHIN TEN (10) DAYS AFTER DEMAND OF PAYMENT FROM GRANTEE AND THE PAYMENT OF SUCH SUMS SHALL BE SECURED BY THIS SECURITY DEED AND SUCH SUMS, IF NOT PAID WITHIN SUCH TEN (10) DAY PERIOD, SHALL BEAR INTEREST AT THE DEFAULT RATE (AS DEFINED IN THE NOTE) UNTIL PAID IN FULL.
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Grantee Group means Grantee and Grantee’s joint venturers and Affiliates, and their respective partners, members, directors, officers, employees, agents, representatives, contractors and subcontractors, lessees, invitees, successors and assigns.
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Examples of Grantee Group in a sentence

  • No member of Grantee Group will be considered, for any purpose, to be an employee or agent of Company.

  • To the extent any property is damaged in any manner by any member of Grantee Group (as defined below), Grantee will immediately return the property to the condition that existed prior to its activities on the Premises.

  • Grantee shall maintain such insurance at all times during which Grantee or any of the Grantee Group shall be present on the properties owned by Grantor or at the work site.

  • The Repurchase Notice shall set forth the number of Option Shares to be acquired from each member of the Grantee Group, the aggregate consideration to be paid for such Option Shares, and the time and place for the closing of the transaction.

  • The Company shall exercise the Repurchase by delivery of written notice (the "Repurchase Notice") to each member of the Grantee Group.

  • At the closing, each member of the Grantee Group will deliver the certificates representing the Option Shares to be sold, duly endorsed in form for transfer to the Company or its designee, and the Company will be entitled to receive customary representations and warranties from each member of the Grantee Group regarding title to the Option Shares.

  • Insurance maintained by Grantee Group shall not be canceled without 30 days prior written notice being furnished to Grantor.12.5. Evidence of Insurance.

  • The Repurchase Option Notice shall set forth the number of Option Shares to be acquired from each member of the Grantee Group, the aggregate consideration to be paid for such Option Shares, and the time and place for the closing of the transaction.

  • The Company will pay for the Option Shares to be purchased by delivering to each member of the Grantee Group, a check in an amount equal to the aggregate purchase price for the Option Shares to be repurchased from such member of the Grantee Group.

  • The Company may exercise the Repurchase Option by delivery of written notice (the "Repurchase Option Notice") to each member of the Grantee Group.

Related to Grantee Group

  • DBS Group means DBS Bank Ltd, its subsidiaries, affiliates, branches and related companies.

  • Eligible group means two or more persons who are engaged in a

  • Combined Group means a group of corporations or other entities that files a Combined Return.

  • Restricted Group means, collectively the Company, its subsidiaries, the members of the Sponsor Group and their respective Affiliates.

  • Related Indemnitee Group has the meaning specified in Section 4.02(b) of the Participation Agreement.

  • SAP Group means SAP Parent and any of its Associated Companies.

  • the Group means the Company and its subsidiary undertakings (if any); and

  • FTR Participant means any Market Participant that provides or is required to provide Collateral in order to participate in PJM’s FTR auctions.

  • Employee Participant means an Employee who holds an outstanding Award under the terms of the Plan.

  • Administrative employee means an employee who normally supervises persons engaged in office administration, construction, security or maintenance work who are represented by another trade union. This definition includes employees who share a community of interest with “supervisors”.

  • SpinCo Group means (a) prior to the Effective Time, SpinCo and each Person that will be a Subsidiary of SpinCo as of immediately after the Effective Time, including the Transferred Entities, even if, prior to the Effective Time, such Person is not a Subsidiary of SpinCo; and (b) on and after the Effective Time, SpinCo and each Person that is a Subsidiary of SpinCo.

  • Highly Compensated Former Employee means a former Employee who had a separation year prior to the "determination year" and was a Highly Compensated Employee in the year of separation from service or in any "determination year" after attaining age 55. Notwithstanding the foregoing, an Employee who separated from service prior to 1987 will be treated as a Highly Compensated Former Employee only if during the separation year (or year preceding the separation year) or any year after the Employee attains age 55 (or the last year ending before the Employee's 55th birthday), the Employee either received "415 Compensation" in excess of $50,000 or was a "five percent owner." For purposes of this Section, "determination year," "415 Compensation" and "five percent owner" shall be determined in accordance with Section 1.28. Highly Compensated Former Employees shall be treated as Highly Compensated Employees. The method set forth in this Section for determining who is a "Highly Compensated Former Employee" shall be applied on a uniform and consistent basis for all purposes for which the Code Section 414(q) definition is applicable.

  • Minority Group means any of the following racial or ethnic groups:

  • Sponsor Group means the Sponsors and the Sponsor Related Parties.

  • First Tier Participant refers to the participant who has entered into a covered transaction with a grantee or subgrantee of Federal funds (such as the prime or general contractor). “Lower Tier Participant” refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Indemnitee-Related Entities means any corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise (other than the Company or any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise Indemnitee has agreed, on behalf of the Company or at the Company’s request, to serve as a director, officer, employee or agent and which service is covered by the indemnity described in this Agreement) from whom an Indemnitee may be entitled to indemnification or advancement of expenses with respect to which, in whole or in part, the Company may also have an indemnification or advancement obligation (other than as a result of obligations under an insurance policy).

  • Lower Tier Participant refers any participant who has entered into a covered transaction with a First Tier Participant or other Lower Tier Participants (such as subcontractors and suppliers).

  • Remainco Group means RemainCo and its Subsidiaries, other than the SpinCo Group.

  • Service Group means any one or more (as the context may require) of the service groups described in this Schedule;

  • Current Participant means a person who participated in the Plan during the Class Period and had an Active Account on May 11, 2018.

  • Non-Highly Compensated Participant means any Participant who is neither a Highly Compensated Employee nor a Family Member.

  • Related Group For Loan Group 1, Group 1 and for Loan Group 2, Group 2.

  • Former Employee means an individual who has severed employment with the Employer or an Affiliated Employer.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Promoter Group means such persons and entities constituting the promoter group as per Regulation 2(1)(pp) of the SEBI ICDR Regulations.

  • Consolidated Group means the Borrower and all Subsidiaries which are consolidated with it for financial reporting purposes under GAAP.