The Grantors Sample Clauses
The clause titled "The Grantors" defines the individuals or entities who are transferring rights, property, or interests under the agreement. In practice, this clause typically lists the names and relevant details of the parties acting as grantors, clarifying their authority and capacity to make the grant. By clearly identifying the grantors, the clause ensures there is no ambiguity about who is responsible for fulfilling the obligations of the transfer, thereby preventing disputes over ownership or authority.
The Grantors. (a) It is organized under the laws of the state indicated in the preamble to this Agreement.
(b) In the case of L▇▇▇▇▇▇ Group LLC:
(i) Its exact legal name, as it appears in the public records of its jurisdiction organization, is as stated in the preamble to this Agreement. It has not changed its name, whether by amendment of its organizational documents, reorganization, merger or otherwise, since its date of organization, December 13, 2005.
(ii) Its organizational identification number, as issued by its jurisdiction of organization is 2232980.
(c) In the case of 100 Maple LLC:
(i) Its exact legal name, as it appears in the public records of its jurisdiction organization, is as stated in the preamble to this Agreement. It has not changed its name, whether by amendment of its organizational documents, reorganization, merger or otherwise, since its date of organization, May 3, 1999.
(ii) Its organizational identification number, as issued by its jurisdiction of organization is 3037646.
(d) It keeps at its address indicated in Clause 16 (Notices) its corporate records and all records, documents and instruments constituting, relating to or evidencing Collateral.
The Grantors. (a) Except as permitted under the Indenture, each Grantor must preserve its limited liability company existence and will not, except as permitted by the Indenture, in one transaction or a series of related transactions, merge into or consolidate with any other entity, or sell all or substantially all of its assets.
(b) No Grantor may change the jurisdiction of its organization without providing the Collateral Agent with at least 30 days’ prior written notice.
(c) No Grantor may change its name without providing the Collateral Agent with at least 30 days’ prior written notice.
(d) Each Grantor must keep at its address indicated in Clause 16 (Notices) its corporate records and all records, documents and instruments constituting, relating to or evidencing Collateral.
(e) Each Grantor will permit the Collateral Agent and its agents and representatives, during normal business hours and upon reasonable notice, to inspect the Collateral, to examine and make copies of and abstracts from the records referred to in paragraph (d) above, and to discuss matters relating to the Collateral directly with such Grantor’s officers and employees.
(f) At the Collateral Agent’s request, the Grantors must provide the Collateral Agent with any information concerning the Collateral that the Collateral Agent may reasonably request.
The Grantors. The Grantors and the Purchasers agree that (A) the obligations of transfer and sale of Shares by the Grantors to the Purchasers upon exercise of the Call Options shall be jointly performed by the Grantors, and the Grantors shall have the sole discretion to determine their internal allocation of Shares under the Call Options, and (B) the proceeds received by each Grantor herein shall be the amount equal to (x) the Exercise Price multiplied by (y) the number of Shares being sold and transferred by such Grantor to the Purchasers upon exercise of the Call Options.
The Grantors. (a) Except as permitted under the Indenture, each Grantor shall preserve its limited liability company existence and will not, except as permitted by the Indenture, in one transaction or a series of related transactions, merge into or consolidate with any other entity, or sell all or substantially all of its assets.
(b) No Grantor shall change the jurisdiction of its organization without providing the Collateral Agent with at least 10 days’ prior written notice.
(c) No Grantor shall change its name without providing the Collateral Agent with at least 10 days’ prior written notice.
(d) Each Grantor shall keep at its address indicated in, or otherwise notified to the Collateral Agent pursuant to, Clause 16 (Notices) its corporate records and all records, documents and instruments constituting, relating to or evidencing Collateral.
(e) Each Grantor shall permit the Collateral Agent and its agents and representatives, at mutually agreed times during normal business hours and upon reasonable notice, to inspect the Collateral, to examine and make copies of and abstracts from the records referred to in paragraph (d) above, and to discuss matters relating to the Collateral directly with such Grantor’s officers and employees.
(f) At the Collateral Agent’s request, the Grantors shall provide the Collateral Agent with any information concerning the Collateral that the Collateral Agent may reasonably request.