Examples of Grantor Parties in a sentence
The Grantor Parties hereby give, grant, transfer and convey to Option Holder the sole and exclusive right, privilege and option to purchase (the “Option”), on the terms and conditions hereinafter set forth and effective as of the date hereof (the “Effective Date”) all (but not less than all) of issued and outstanding Equity Interests of each and every Company Subsidiary, now held or hereinafter acquired by the Company.
In no event shall Grantor or any of the other Grantor Parties gain access to, damage, disrupt or otherwise interfere with the Facilities (whether now existing or installed in the future).
Each of the Grantee Parties shall indemnify, defend, and hold harmless the Grantor Parties from and against any claim arising out of the Grantee Party’s use of the Access Easement Areas.
Grantee shall also maintain, at its sole cost and expense, the Grantee Utility Facilities except for such maintenance and repair occasioned by the negligence or intentional acts or omissions of Grantor Parties, or any of them (including, but not limited to the Landfill Operator and its employees, agents and contractors).
Furthermore, Grantor Parties shall not have any duty to City or any of City's employees, agents, contractors, guests, or invitees to provide security or to monitor the Grantor Property or the Easement Property in order to protect against injury to any person or to safeguard or protect any vehicles or personal property of any such parties.
The Grantor Parties shall have the right from time to time, by delivery of written notice to the Grantee Parties, to change the location of the Access Easement Areas.
The Grantor Parties hereby acknowledge and agree that the Grantee is acting as the Grantee Administrative Agent of the Indemnitors under these Operating Parameters and Indemnity.
The Grantee Parties shall cooperate with the Grantor Parties and coordinate their entries on the Access Easement Areas with the Grantor Party in order to minimize interference with the Grantor Party’s development activities.
Option Holder desires to grant to the Grantor Parties, and the Grantor Parties desire to acquire from Option Holder, the right to sell to Option Holder all (but not less than all) of the Equity Interests in each Company Subsidiary on the terms and conditions set forth herein.
Upon exercise of the Option, Option Holder and the applicable Grantor Parties shall be obligated to enter into the transactions to be consummated hereunder at the Option Closing, subject to the provisions of Sections 9 and 10 hereof.