LOCKER LICENCE Clause Samples

LOCKER LICENCE. 1.1 The Bank as a licensor hereby grants to the Customer as a licensee, the licence to use the safe deposit locker, the details of which are more particularly described in the Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. 1.2 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule by way of rent (the “Rent”). 1.3 The license to use the Locker hereby granted is: (a) Personal and for the Customer’s own use and not for the use of any person other than the Customer; (b) Non- transferable; (c) Only for legitimate purposes such as storing of valuables like jewelry and documents but not for storing any cash or currency; (d) Not for storing: (i) arms, weapons, explosives, drugs and/ or any contraband material; and/ or (ii) any perishable material and/ or radioactive material and/ or any illegal substance; and/or (iii) any material which can create any hazard or nuisance to the Bank or to any of its customers. 1.4 The Customer shall have no right or property in the Locker other than the right to access and use the Locker in accordance with the terms and conditions specified under this Agreement. 1.5 The Customer shall be allowed to operate the Locker: (a) On a working day of the Bank during the specific time notified from time to time by the Bank for locker operation and in absence of such notification, during the business hours of the Bank. However, in the event of the Bank is not being able to operate for any reason beyond its control such as flood, riot, curfew, lockout etc., the Bank shall not have any obligation to allow operation of Locker; (b) After the Customer entering the details of such operation in the Bank’s records in the form and manner as stipulated by the Bank; and (c) After the Customer provides identity proof, if so demanded by the Bank.
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LOCKER LICENCE. 1.1 The Bank as a licensor hereby grants the Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described in the Schedule to this Agreement, (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. 1.2 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule by way of rent (the “Rent”). 1.3 The license to use the Locker hereby granted is: 1.3.1 Personal and for the Customer’s own use and not for the use of any person other than the Customer;
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LOCKER LICENCE. 1.1 The Bank as a licensor hereby grants to the Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described in the Schedule-I to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. 1.2 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule-I by way of rent (the “Rent”). 1.3 Locker rent will be payable in advance up to 31st March of financial year in which this Agreement is executed, on pro-rata basis After that, locker rent will be recovered every year up to 30 June after this penalty will be charged. 1.4 The license to use the Locker hereby granted is: (a) Personal and for the Customer’s own use and not for the use of any person other than the Customer; (b) Non- transferable; (c) Only for legitimate purposes such as storing of valuables like jewelry and documents but not for storing any cash or currency; (d) Not for storing: 1.5 The Customer shall have no right or property in the Locker other than the right to access and use the Locker in accordance with the terms and conditions specified under this Agreement. (i) arms, weapons, explosives, drugs and/ or any contraband material; and/ or (ii) any perishable material and/ or radioactive material and/ or any illegal substance /or any material the use of which is prohibited by laws of India); and/or (iii) any material which can create any hazard or nuisance to the Bank or to any of its customers. 1.5 The Customer shall have no right or property in the Locker other than the right to access and use the Locker in accordance with the terms and conditions specified under this Agreement. 1.6 The Customer shall be allowed to operate the Locker: (a) On a working day of the Bank during the specific time notified from time to time by the Bank for locker operation and in absence of such notification, during the business hours of the Bank. However, in the event of the Bank is not being able to operate for any reason beyond its control such as flood, riot, curfew, lockout etc., the Bank shall not have any obligation to allow operation of Locker. (b) After the Customer entering the details of such operation in the Bank’s records in the form and manner as stipulated by the Bank; namely sign the Safe Deposit Locker Access Register which shall be verified by the Bank for having access to the locker; (c) provide identity proof, if demanded by the B...
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LOCKER LICENCE. (a) The Bank as a licensor hereby grants to the Licensee, the license to use the safe deposit locker, the Details of which are more particularly described in the Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. (b) The Licensee hereby accepts the license granted in terms hereof for fee as specified in the Schedule by way of rent (the “Rent”). 4.1 The Licensee accepts and agree to the terms governing the use of the Locker hereby granted is: (a) For Personal use and for the Licensee’s own use and not for the use of any person other than the Licensee;
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LOCKER LICENCE. 1.1 The Bank as a licensor hereby grants to the Customer as a licensee, the licence to use the safe deposit locker, the details of which are more particularly described in the Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. 1.2 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule by way of rent (the “Rent”). 1.3 The Bank at the time of allotment of the Locker to obtain 3 years annual rent and break open charges as fixed deposit towards the payment of locker rent from the Customer/s . The Bank will have the right to lien and/or set off on the said Fixed deposit in case of non-payment of the prescribed locker rentals by the Customer. This also includes break open of locker and recovery of miscellaneous charges associated with break open that may arise due to non -payment of locker rentals. Locker rent will attract Tax as applicable from time to time. 1.4 The license to use the Locker hereby granted is: (a) Personal and for the Customer’s own use and not for the use of any person other than the Customer.
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LOCKER LICENCE. 1.1 The Bank as a licensor hereby grants to the Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described in the Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. 1.2 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule by way of rent (the “Rent”). 1.3 The license to use the Locker hereby granted is: (a) Personal and for the Customer’s own use and not for the u (b)
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LOCKER LICENCE. 1.1 The Bank as a Licensor hereby grants to the Customer as a Licensee, the license to use the safe deposit locker, the details of which are more particularly described in the Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement. 1.2 The Customer hereby accepts the license granted in terms hereof for fee as specified in the Schedule by way of rent (the “Rent”). 1.3 The license to use the Locker hereby granted is: 1.4 The Customer shall have no right or property in the Locker other than the right to access and use the Locker in accordance with the terms and conditions specified under this Agreement. 1.5 The customer shall not sub-let or re-let the said locker to any other person and will not take any kind of charges from any person for the same. 1.6 The Customer shall be allowed to operate the Locker:
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LOCKER LICENCE. The Bank as a licensor hereby grants to the Customer as a licensee, the license to use the safe deposit locker, the details of which are more particularly described in the Schedule to this Agreement (hereinafter referred to as the “Locker”), subject to the terms and conditions as set out under this Agreement.
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  • Liquor License 5.7.1. Promptly following the Contract Date, Purchaser, at its sole cost and expense, shall make all necessary applications, if any, for, and shall thereafter diligently pursue, issuance of all licenses and approvals required under any Legal Requirements for the continued sale of alcoholic beverages at each Hotel from and after the Closing Date (including temporary permits, to the extent available) consistent with the practices and procedures in effect as of the Contract Date (collectively, “Liquor Licenses”). Purchaser shall keep Seller informed of the status of such applications, and shall promptly respond to Seller’s inquiries regarding the status of the same. Seller shall cause Manager to reasonably cooperate with Purchaser as necessary. 5.7.2. If necessary, at the Closing the applicable Seller shall cause Manager to enter into an Interim Liquor Agreement that will permit Purchaser to continue the sale of alcoholic beverages at such Hotel from and after the Closing Date consistent with the practices and procedures in effect as of the Contract Date, provided that the Interim Liquor Agreement is, in the judgment of such Seller and Purchaser (and if applicable, Manager), each acting reasonably and in good faith, permitted by all applicable Legal Requirements and is custom or practice in the geographic area in which such Hotel is located. The Interim Liquor Agreement shall (i) be in form and substance reasonably satisfactory to such Seller and Purchaser (and if applicable, Manager), (ii) provide for the indemnification by Purchaser of the applicable Seller Parties with respect to all Damages related to the sale or consumption of alcoholic beverages at such Hotel from and after the Closing Date, (iii) provide that Purchaser shall maintain liquor liability insurance from such companies, and in such forms and amounts, as may be acceptable to such Seller, and/or Manager, as applicable, which policies shall name such Seller and/or Manager, as applicable, as additional insureds thereunder, and (iv) expire on the date of issuance of the Liquor License.

  • Sub-licensing Nuvectis may grant sub-licences (through multiple tiers) of its rights under this Agreement, provided that: (1) the granting of any sub-licences shall not relieve Nuvectis of any obligations or duties imposed on it under this Agreement; (2) it shall not grant or allow the grant of any sub-licences to (i) a tobacco company (being any entity identified as such in the Cancer Research UK Code of Practice on Tobacco Industry Funding to Universities); or (ii) a party which is actively and/or currently engaged in the manufacture, production or sale of weapons or ammunition; (3) subject to the provisions of Clause 2.5, such sub-licence shall be on arm’s length commercial terms reflecting the market value of the rights granted; (4) [***]; (5) [***]; (6) Nuvectis shall ensure that there are included in any sub-licence terms which shall enable Nuvectis to comply with its obligations under this Agreement; (7) subject to the provisions of clause 12.6, each sub-licence shall, and shall be expressed in each sub-licence agreement to, terminate automatically upon termination of the license under clause 2.1 and/or any commercial licence to the Collaboration Option IP; (8) [***]; (9) it shall diligently collect all amounts due under each sub-licence; (10) Nuvectis shall ensure that each Sub-Licence does not prohibit Nuvectis’s grant and the implementation of any [***] hereunder; (11) it shall be responsible for any breach of the sub-licence by the Sub-Licensee of Licensed Products and/or Additional Licensed Products, as if the breach had been that of Nuvectis under this Agreement; (12) the grant of any sub-licence shall be without prejudice to Nuvectis’s obligations under this Agreement. Any act or omission of any Sub-Licensee which, if it were the act or omission of Nuvectis would be a breach of any of the provisions of this Agreement, will be deemed to be a breach of this Agreement by Nuvectis who will be liable to the University accordingly; (13) the obligations in Clause 2.4 (3), (4), (5), (6) (excluding the development and commercialisation obligations set out in Clause 5.1), (8) and (9) shall not apply in relation to agreements that Nuvectis and/or a Sub-Licensee enters into with Third Party Service Providers, provided that: (a) such agreements relate to the provision of research, development and/or manufacturing services to Nuvectis and/or a Sub-Licensee in connection with Licensed Products and/or Additional Licensed Products; and (b) no rights are granted to such Third Party Service Providers to: (i) research, develop or manufacture its own products; and/or (ii) sell the Licensed Products and/or Additional Licensed Products; (14) each subclause of this Clause 2.4 shall apply to each tier of sub-licence unless expressly stated otherwise.