By the Grantor Clause Examples

The "By the Grantor" clause defines the specific rights, obligations, or actions that the grantor—the party transferring an interest or right—must undertake under the agreement. Typically, this clause outlines what the grantor is responsible for, such as delivering property, providing warranties, or ensuring certain conditions are met. For example, in a deed, the grantor may be required to guarantee clear title or to execute necessary documents. The core function of this clause is to clearly allocate responsibilities to the grantor, ensuring that their duties are unambiguous and enforceable, which helps prevent disputes and clarifies expectations between parties.
By the Grantor. The Grantor has the right, at any time and from time to time, to substitute assets of equal fair market value for any Asset. Such right is exercisable by the Grantor in a non-fiduciary capacity without the approval or consent of any person in a fiduciary capacity. Each time the Grantor exercises such right, it will be deemed the Grantor’s certification to the Bank that any substituted assets are of equal fair market value to the Assets received therefor. The Grantor hereby covenants not to exercise such right without delivering to the Bank a completed and fully executed Exhibit C (Transfers and Substitutions) in furtherance thereof.
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By the Grantor. The Grantor shall have the right to make Periodic Inspections of any part of the Grantee's operations occupying the Grantor's property. The Grantor will give the Grantee reasonable advance written notice of any periodic inspections, except in those instances where, in the sole judgment of the Grantor, safety considerations justify the need for a Periodic Inspection without the delay of waiting until a written notice has been forwarded to the Grantee. A representative of the Grantee may accompany the Grantor's representative on all Periodic Inspections.
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By the Grantor. The Grantor may from time to time substitute or exchange Assets contained within the Trust Account, provided the Assets received and deposited in the Trust Account in such substitution or exchange (the "Replacement Assets") satisfy the definition of "Assets" in Section 2.1(a) of this Trust Agreement and provided further that either (i) the aggregate fair market value (determined by the Trustee in accordance with Section 2.1(c) on such day) of such Replacement Assets to be deposited in or credited to the Trust Account on such day is at least equal, in the aggregate, to the fair market value of the Assets being removed from the Trust Account on such day, or (ii) the Beneficiary has given its prior written consent to such substitution or exchange, which consent shall not be unreasonably withheld.
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By the Grantor. (1) Other than during an ongoing Adverse Financial Event, RBC Ratio Triggering Event, or Reinsurance Credit Event, the Grantor or its designated Investment Manager, without the consent of, or prior to notice to, the Beneficiary, may direct the Trustee to substitute or exchange Assets contained within the Trust Account by delivering a Grantor Substitution Notice substantially in the form attached hereto as Exhibit H-1 from a Grantor Authorized Officer; provided, that (A) at the time of such substitution or exchange, the Assets to be so substituted or exchanged are replaced with other Eligible Assets such that the Book Value of the Assets in the Trust Account, after giving effect to such substitution or exchange, is at least equivalent to the Book Value of the Assets in the Trust Account prior to such substitution or exchange (the “Replacement Assets”) and (B) the Replacement Assets shall be deposited with the Trustee (I) on the same day of the substitution or exchange for publicly traded securities, (II) within ten (10) Business Days of the substitution or exchange for Bank Loans and Private Debt, with no more than $100,000,000 pending deposit for any Bank Loan or Private Debt and (III) within twelve (12) Business Days of the substitution or exchange for Commercial Mortgage Loans with no more than $200,000,000 pending deposit for any Commercial Mortgage Loan, provided that in no event shall more than $200,000,000 of Replacement Assets, in the aggregate, be pending deposit at any given time. For the avoidance of doubt, any Assets pending deposit in connection with a withdrawal pursuant to Section 4(f) shall be taken into account in determining whether the Grantor is in compliance with such limits. (2) During an ongoing Adverse Financial Event, RBC Ratio Triggering Event, or Reinsurance Credit Event, the Grantor or its designated Investment Manager may substitute or exchange Assets for Replacement Assets as described in Section 4(c)(ii)(1) pursuant to a Grantor Substitution Notice substantially in the form attached hereto as Exhibit H-2 and only upon the Beneficiary’s prior written consent, which shall not be unreasonably withheld, conditioned, or delayed; provided, that unless otherwise consented to by the Beneficiary (such consent not to be unreasonably withheld, delayed or conditioned), the Grantor shall ensure that any such Replacement Assets shall be deposited in the Trust Account on the same day as the Assets to be substituted or exchanged are withdrawn...
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By the Grantor. In the event that during the Term of this Agreement the Grantor is required by public authorities or by lawful order or decree of a regulatory agency or court to relocate or modify any or all of the Duct System within which _DN or any part thereof is located, the Grantor and the Grantee shall cooperate in performing such relocation or modifications so as to minimize any interference with the use of _DN or __Net by either party and to avoid unreasonably impairing the ability of each to provide communications services of the type, quality and reliability contemplated by this Agreement. Any such relocation shall be accomplished in accordance with the provisions of Exhibit 3.29 Cable Specifications. Unless otherwise agreed by the parties, all costs directly associated with the relocation of the Cable and Equipment shall be shared by the parties on a pro rata basis based on the number of fiber optic filaments each party controls.
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By the Grantor. Without limiting clause 8.1(c), the Grantor must:
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Related to By the Grantor

  • Managing the Grant 7.1 Each party must notify the other of: (a) the nominated person who will act as the party’s authorised representative; and (b) the contact details of the authorised representative and any deputies. 7.2 The Commissioner requires the Recipient to submit monitoring information, as detailed in Schedule 1. These reports must: (a) be in the format set out in an Annex A; (b) be signed by The Recipient’s Chief Finance Officer; (c) contain a detailed breakdown of expenditure for the period outlined in Schedule 2; and (d) be accompanied by a progress report for the period. 7.3 The Commissioner may, in addition, ask the Recipient to clarify information provided to it. If so, the Recipient shall comply with any reasonable request. 7.4 The Commissioner may, in addition, ask the Recipient to provide him/her with forecast outturn information for the financial year end. If so, the Recipient shall comply with any reasonable request. 7.5 The Recipient must notify the Commissioner as soon as reasonably practicable that an underspend is forecast. No carry-over of funds will be allowed, except in exceptional circumstances and with prior approval from the Commissioner. 7.6 Any underspend of Grant funds must be returned to the Commissioner. 7.7 If an overpayment of the Grant has been made, the Commissioner will recover the payment. 7.8 The Recipient may not vire funds between this Grant and other grants made to it. 7.9 The Recipient’s Chief Finance Officer will ensure that appropriate professional arrangements are put in place for the management of the Grant and the reporting of expenditure. The Recipient’s Chief Finance Officer should take all necessary steps to ensure that the Grant is accounted for and monitored separately from the Recipient’s other funding streams. 7.10 The Recipient undertakes to complete the work for which the Grant is provided. The work should be completed within agreed timescales, and the Recipient will report any significant variations to spending on work funded by the Commissioner.

  • Payment of the Grant 8.1 The Commonwealth agrees to pay the Grant to the Grantee in accordance with the Grant Details. 8.2 The Commonwealth may by notice withhold payment of any amount of the Grant where it reasonably believes the Grantee has not complied with this Agreement or is unable to undertake the Activity. 8.3 A notice under clause 8.2 will contain the reasons for any payment being withheld and the steps the Grantee can take to address those reasons. 8.4 The Commonwealth will pay the withheld amount once the Grantee has satisfactorily addressed the reasons contained in a notice under clause 8.2.

  • Spending the Grant 9.1 The Grantee agrees to spend the Grant for the purpose of undertaking the Activity only. 9.2 The Grantee agrees to provide a statement signed by the Grantee verifying the Grant was spent in accordance with the Agreement.

  • Valid Security Interest This Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Sold Property in favor of the Issuer, which is prior to all other Liens, other than Permitted Liens, and is enforceable against creditors of and purchasers from the Depositor.

  • Grant of Security Interest in Trademark Collateral Each Grantor hereby unconditionally grants, assigns, and pledges to Agent, for the benefit each member of the Lender Group and each of the Bank Product Providers, to secure the Secured Obligations, a continuing security interest (referred to in this Trademark Security Agreement as the “Security Interest”) in all of such Grantor’s right, title and interest in and to the following, whether now owned or hereafter acquired or arising (collectively, the “Trademark Collateral”): (a) all of its Trademarks and Trademark Intellectual Property Licenses to which it is a party including those referred to on Schedule I; (b) all goodwill of the business connected with the use of, and symbolized by, each Trademark and each Trademark Intellectual Property License; and (c) all products and proceeds (as that term is defined in the Code) of the foregoing, including any claim by such Grantor against third parties for past, present or future (i) infringement or dilution of any Trademark or any Trademarks exclusively licensed under any Intellectual Property License, including right to receive any damages, (ii) injury to the goodwill associated with any Trademark, or (iii) right to receive license fees, royalties, and other compensation under any Trademark Intellectual Property License.