Common use of LICENSOR GRANTS RIGHT Clause in Contracts

LICENSOR GRANTS RIGHT. A. Licensor grants Licensee a license to construct, use and maintain the Road Crossing at the location shown on Exhibit B subject to the terms and conditions set forth herein. In consideration of the license and permission granted herein, ▇▇▇▇▇▇▇▇ agrees to observe and abide by the terms and conditions of this License and to pay to the Licensor, in advance, a one-time licensee fee of forty-five thousand and 00/100 U.S. dollars ($45,000.00). Licensor will not execute this License until it receives a signed original from Licensee, and in no event is entry under this License permitted until Licensor has executed it. The Licensee will pay the applicable Sales Tax to the Licensor on any payment of the license fee or administrative fee payable under this License, which payment will be made to the Licensor at the same time as the license fee or administrative fee is payable to the Licensor under this License. The failure by the Licensee to pay to the Licensor the amount of any Sales Tax or administrative fee owing and due hereunder will constitute a default by the Licensee under this License and will entitle the Licensor to exercise any and all rights and remedies available to the Licensor for the recovery of the license fee or administrative fee in arrears.