INTEREST GRANTED Sample Clauses

INTEREST GRANTED. The interest granted hereunder is in the geothermal resources estate, and Lessor shall retain the surface estate. In addition, the parties believe that the Lessor holds an undivided 75% interest in the geothermal resources estate, with the remaining 25% (the “25% Interest”) held by the successors and assigns of Superior Oil Company (per grant from Xxxxxx X. Xxxxxx). Lessee shall be responsible for coordinating with the holder of the 25% Interest in leasing such interest. The Production Royalties payable under Section 3(b) shall be proportionately reduced to the extent that Lessor holds less than the full interest in the geothermal estate (for example, 75% of the [***] and [***] Production Royalties specified in Section 3(b) (i) ) . In the event Lessor re-acquires the 25% Interest, such interest shall be deemed to be leased to Lessee hereunder and the Production Royalties increased accordingly. In consideration of the covenants and agreements contained herein, Lessor hereby grants and leases to Lessee the exclusive right and privilege to drill for, extract, produce, remove, utilize, sell, and dispose of all forms of thermal energy and other associated geothermal resources including without limitation:
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INTEREST GRANTED. 2. IAPMO EGS is the licensee of various certification marks and the goodwill associated therewith (the “Certification Marks”), both unregistered and registered with the United States Patent and Trademark Office, which are of great value to IAPMO EGS. Listee agrees that the Certification Marks, together with the goodwill connected therewith, are the sole and exclusive property of the International Association of Plumbing and Mechanical Officials (“IAPMO”) and IAPMO EGS, and Listee claims no rights and shall claim no right therein, other than provided herein.
INTEREST GRANTED. In consideration of the covenants and agreements contained herein, Lessor hereby grants and leases to Lessee the exclusive right and privilege to drill for, extract, produce, remove, utilize, sell, and dispose of geothermal steam and associated geothermal resources as defined in NRS 322.005, (hereinafter called "geothermal resources"), in or under that certain parcel of property located in Washoe County, Nevada, and consisting of approximately thirty (30) acres, as more particularly described in Exhibit "A," which is attached hereto and incorporated herein by reference, together with:
INTEREST GRANTED. Subject to the terms and conditions specified in this agreement, LICENSOR hereby grants to LICENSEE the non-exclusive right to use the trade name/service mark in connection xxxx the marketing, sales, servicing and operation of its Mutual Fund Services to AAL Members and employees of AAL, its subsidiaries and affiliates, and immediate family members of each.
INTEREST GRANTED. 2. IAPMO INDIA is the licensee of various certification marks and the goodwill associated therewith (herein after the “Certification Marks”), both unregistered and registered with the India Patent and Trademark Office, which are of great value to IAPMO INDIA. Licensee agrees that the Certification Marks, together with the goodwill connected therewith, are the sole and exclusive property of IAPMO INDIA, and Licensee claims no rights and shall claim no right therein, other than provided herein.
INTEREST GRANTED. In consideration of the covenants and agreements contained herein, Lessor hereby grants and leases to Lessee the exclusive right and privilege to drill for, extract, produce, remove, utilize, sell, and dispose of geothermal steam and associated geothermal resources as defined in NRS 534A.010, (hereinafter called "geothermal resources"), in or under that certain parcel of property (the "Premises") consisting of approximately sixty (60) acres, as more particularly described as follows: All that certain real property consisting of 60 acres located in Washoe County, state of Nevada, more particularly described as the W1/2 NE 1/4 SE 1/4 and the SE 1/4 SE 1/4 Section 29, T. 18 N., R. 20 E., M.D.B.&M. together with:
INTEREST GRANTED. Subject to the terms and conditions specified in this Agreement, and the performance by D.A. of its legal obligations hereunder, N.O. grants a limited license to D.A. to use the recipes, formulae, Trademarks and Copyrights as specified by this Agreement within the Territory in connection with sale of the Products in all sales channels including convenience stores, club and grocery stores during the Term, subject to the approval of N. O.
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INTEREST GRANTED. Lessor, in consideration of ten dollars ($10.00) in hand paid, of the monies herein provided, and the agreements of Lessee herein contained, hereby grants and leases to Lessee the exclusive right and privilege, as limited in the Title Insurance Commitment, Exhibit "E", attached hereto, to drill for, extract, produce, remove, utilize, sell, and dispose of geothermal steam and associated geothermal resources as defined in NRS 534A.010, (hereinafter called "geothermal resources"), in or under these certain parcels of property (the "Leased Premises") consisting of approximately 236 acreas, which parcels are more particularly described in Exhibit "B" and are contained in areas 1, 3, 4, 5, and 6 on the area plat map (Exhibit "A,") both of which Exhibits are attached hereto and incorporated herein by reference, for the purpose of generating electricity, together with the following rights to the extent incidental to the development, construction and operation of the electrical generating facilities permitted hereunder:

Related to INTEREST GRANTED

  • Deferred Interest The amount by which the interest due on a Mortgage exceeds the borrower’s monthly payment, which amount is added to the unpaid principal balance of the Mortgage.

  • Interest Due Without limiting any other rights or remedies available to either Party, each Party shall pay the other interest on any payments that are not paid on or before the date such payments are due under this Agreement at a rate of [*] per annum or the maximum applicable legal rate, if less, calculated on the total number of days payment is delinquent.

  • Grant of Deferred Stock Units Effective as of the Grant Date, the Company hereby grants to the Executive Deferred Stock Units. In accepting the award of Deferred Stock Units granted in this Agreement the Executive accepts and agrees to be bound by all the terms and conditions of the Plan and this Agreement. The Company shall cause to be delivered to the Executive in electronic or certificated form any shares of the Common Stock that are to be issued under the terms of this Agreement in exchange for Deferred Stock Units awarded hereby, and such shares of the Common Stock shall be transferable by the Executive as provided herein (except to the extent that any proposed transfer would, in the opinion of counsel satisfactory to the Company, constitute a violation of applicable securities law).

  • Payment of Restricted Stock Units Payment of Restricted Stock Units that vest pursuant to this Section shall be made in Shares (or, if applicable, settlement in the same consideration paid to the stockholders of the Company pursuant to the Change in Control), as soon as practicable following the applicable vesting date. The Restricted Stock Units are intended to be exempt from application of Section 409A of the Code, and any ambiguities set forth herein shall be interpreted accordingly. However, to the extent that an exemption is not available and the Restricted Stock Units are “deferred compensation” subject to the requirements of Section 409A of the Code, the following provisions shall apply and shall supersede anything to the contrary set forth herein and in the Plan to the extent required for the settlement of the Restricted Stock Units to comply with the requirements of Section 409A of the Code. In a Change in Control or Corporate Transaction the Award must be assumed, continued or substituted by the Surviving Corporation or the Parent Corporation and any Shares scheduled to be issued upon an applicable scheduled Vest Date may not be earlier issued unless the Change in Control or Corporate Transaction is also a change in the ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company as described in Code Section 409A(a)(2)(A)(iv) and an exemption is available and elected under Treasury Regulation 1.409A-3(j)(4)(ix)(B) or such earlier issuance of the Shares is otherwise permitted by Section 409A of the Code. The Company retains the right to provide for earlier issuance of Shares in settlement of the Restricted Stock Units to the extent permitted by Section 409A of the Code.

  • Payment of Interest; Interest Rights Preserved Except as otherwise provided as contemplated by Section 301 with respect to any series of Securities, interest on any Security which is payable, and is punctually paid or duly provided for, on any Interest Payment Date shall be paid to the Person in whose name that Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest. Any interest on any Security of any series which is payable, but is not punctually paid or duly provided for, on any Interest Payment Date (herein called "Defaulted Interest") shall forthwith cease to be payable to the Holder on the relevant Regular Record Date by virtue of having been such Holder, and such Defaulted Interest may be paid by the Company, at its election in each case, as provided in Clause (1) or (2) below:

  • Issuance of Restricted Stock On the date hereof the Company issues to the Participant the Restricted Stock subject to the Restrictions and other conditions set forth in this Award Agreement. The Company shall cause the Restricted Stock to be issued in the name of the Participant or held in book entry form, but if a stock certificate is issued it shall be delivered to and held in custody by the Company until the Restrictions lapse or such Restricted Stock is forfeited. As a further condition to the Company’s obligations under this Award Agreement, the Participant’s spouse, if any, shall execute and deliver to the Company the Consent of Spouse attached hereto as Exhibit A.

  • Mandatory Delivery; Grant of Security Interest The sale and delivery on the related Closing Date of the Mortgage Loans described on the related Mortgage Loan Schedule is mandatory from and after the date of the execution of the related Purchase Price and Terms Agreement, it being specifically understood and agreed that each Mortgage Loan is unique and identifiable on the date hereof and that an award of money damages would be insufficient to compensate the Purchaser for the losses and damages incurred by the Purchaser (including damages to prospective purchasers of the Mortgage Loans) in the event of the Seller's failure to deliver (i) each of the related Mortgage Loans or (ii) one or more Qualified Substitute Mortgage Loans or (iii) one or more Mortgage Loans otherwise acceptable to the Purchaser on or before the related Closing Date. The Seller hereby grants to the Purchaser a lien on and a continuing security interest in each Mortgage Loan and each document and instrument evidencing each such Mortgage Loan to secure the performance by the Seller of its obligations under the related Purchase Price and Terms Agreement, and the Seller agrees that it shall hold such Mortgage Loans in custody for the Purchaser subject to the Purchaser's (a) right to reject any Mortgage Loan (or Qualified Substitute Mortgage Loan) under the terms of this Agreement and to require another Mortgage Loan (or Qualified Substitute Mortgage Loan) to be substituted therefor, and (b) obligation to pay the Purchase Price for the Mortgage Loans. All rights and remedies of the Purchaser under this Agreement are distinct from, and cumulative with, any other rights or remedies under this Agreement or afforded by law or equity and all such rights and remedies may be exercised concurrently, independently or successively.

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