Box Licence definition
Box Licence means the licence and ancillary contractual rights referred to in Clause 3.2 of this Agreement; Customhouse means the historic Customhouse Building situated on the corner of ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, Auckland, New Zealand; CSDL means Customhouse Safe Deposits Limited, being the owner and manager of the Vault; Event of Default means an event where you fail to comply with the terms and conditions of this Agreement (including where payment of the Outgoings Levy is outstanding for more than four months under Clause 4 of this Agreement; GST means goods and services tax charged in accordance with the provisions of the GST Act;
Examples of Box Licence in a sentence
We acknowledge we have the right to grant you a Box Licence in relation to the Safe Deposit Box(es) allocated to you from time to time by virtue of the lease we have entered into with Customhouse Holdings Limited, the owner of Customhouse where the Vault and Safe Deposit Boxes are located.
Your Box Licence rights granted for the Term derive from our holding this lease, which expires on 30 April 2022 with a perpetually renewable term of 21 year periods until 29 April 2099.