Common use of Lease and License Clause in Contracts

Lease and License. a. ActiveKEY. If Keyholder has selected the ActiveKEY (the “ActiveKEY”), Organization leases to Keyholder, and Keyholder leases from Organization, the ActiveKEY (which may be new or refurbished). The equipment and software incorporated in the ActiveKEY enables the Keyholder to obtain a current update code for the ActiveKEY; to open and perform other iBox functions with the ActiveKEY; and to upload property-showing data with the ActiveKEY.

Lease and License. a. ActiveKEY. : If Keyholder has selected the ActiveKEY (the “ActiveKEY”)selected, Organization leases to Keyholder, and Keyholder leases from Organization, the ActiveKEY (the “ActiveKEY”) (which may be new or refurbished). The equipment and software incorporated in the ActiveKEY enables the Keyholder keyholder to obtain a current update code for the ActiveKEYcode; to open and perform other iBox functions with the ActiveKEYfunctions; and to upload property-showing data with the ActiveKEYdata.