Grantee Group definition

Grantee Group means Grantee, its affiliates and subsidiaries and each of their employees, directors, officers, agents, representatives, contractors, subcontractors, suppliers and service providers (including any self-employed persons) at any tier, that performs any portion of the Work and/or Activities on the Lands.
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Grantee Group as used herein, shall mean (1) Grantee (including, without limitation, any participant in the Loan and any of their respective successors or assigns, whether by sale, a secondary market transaction, or otherwise), (2) any entity controlling, controlled by or under common control with Grantee, (3) the directors, officers, employees and agents of Grantee and such other entities, and (4) the successors, heirs and assigns of the entities and persons described in foregoing clauses (1) through (3). Grantor shall pay immediately upon ▇▇▇▇▇▇▇’s demand any amounts owing under this indemnity together with interest from the date the indebtedness arises until paid at the rate of interest applicable to the principal balance of the Note as specified therein. ▇▇▇▇▇▇▇ agrees to use legal counsel reasonably acceptable to the Grantee Group in any action or proceeding arising under this indemnity. THE PROVISIONS OF THIS SECTION SHALL SURVIVE THE SATISFACTION AND RELEASE OF THIS SECURITY DEED, BUT ▇▇▇▇▇▇▇’S LIABILITY UNDER THIS INDEMNITY SHALL BE SUBJECT TO THE PROVISIONS OF THE SECTION IN THE NOTE ENTITLED “BORROWER’S LIABILITY.” GRANTOR HEREBY AGREES THAT, IN THE EVENT THAT IT IS DETERMINED THAT ADDITIONAL DOCUMENTARY STAMP TAX OR INTANGIBLE TAX IS DUE HEREON OR ANY MORTGAGE OR DEED TO SECURE DEBT OR PROMISSORY NOTE EXECUTED IN CONNECTION HEREWITH (INCLUDING, WITHOUT LIMITATION, THE NOTE), GRANTOR SHALL INDEMNIFY AND HOLD HARMLESS GRANTEE FOR ALL SUCH DOCUMENTARY STAMP TAX AND/OR INTANGIBLE TAX, INCLUDING ALL PENALTIES AND INTEREST ASSESSED OR CHARGED IN CONNECTION ▇▇▇▇▇▇▇▇▇. GRANTOR SHALL PAY SAME WITHIN TEN (10) DAYS AFTER DEMAND OF PAYMENT FROM GRANTEE AND THE PAYMENT OF SUCH SUMS SHALL BE SECURED BY THIS SECURITY DEED AND SUCH SUMS, IF NOT PAID WITHIN SUCH TEN (10) DAY PERIOD, SHALL BEAR INTEREST AT THE DEFAULT RATE (AS DEFINED IN THE NOTE) UNTIL PAID IN FULL.
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Grantee Group means Grantee and Grantee’s joint venturers and Affiliates, and their respective partners, members, directors, officers, employees, agents, representatives, contractors and subcontractors, lessees, invitees, successors and assigns.
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Examples of Grantee Group in a sentence

  • No member of Grantee Group will be considered, for any purpose, to be an employee or agent of Company.

  • To the extent any property is damaged in any manner by any member of Grantee Group (as defined below), Grantee will immediately return the property to the condition that existed prior to its activities on the Premises.

  • The Repurchase Option Notice shall set forth the number of Option Shares to be acquired from each member of the Grantee Group, the aggregate consideration to be paid for such Option Shares, and the time and place for the closing of the transaction.

  • The Repurchase Notice shall set forth the number of Option Shares to be acquired from each member of the Grantee Group, the aggregate consideration to be paid for such Option Shares, and the time and place for the closing of the transaction.

  • At the closing, each member of the Grantee Group will deliver the certificates representing the Option Shares to be sold, duly endorsed in form for transfer to the Company or its designee, and the Company will be entitled to receive customary representations and warranties from each member of the Grantee Group regarding title to the Option Shares.

  • The Company shall exercise the Repurchase by delivery of written notice (the "Repurchase Notice") to each member of the Grantee Group.

  • The Company may exercise the Repurchase Option by delivery of written notice (the "Repurchase Option Notice") to each member of the Grantee Group.

  • The Company will pay for the Option Shares to be purchased by delivering to each member of the Grantee Group, a check in an amount equal to the aggregate purchase price for the Option Shares to be repurchased from such member of the Grantee Group.

  • In addition, Parent shall grant options to acquire an additional 1,000,000 shares, in the aggregate, of Parent common stock (the "Additional Options") under the Incentive Plan to one or more individuals in the Eligible Grantee Group (as defined in the next sentence).

  • Parent shall not be obligated to adopt Consultant's recommended allocation, but all of the Additional Options shall be granted to persons within the Eligible Grantee Group.