How May Further Grants Be Made?
- Further grants require the same number and proportion of termination rights holders as are required for termination.
- They are valid only if made after the effective date of termination.
Exception: Termination rights holders can make further grants to the original grantees earlier than dictated by the termination timeline. After a rights holder has properly served written notice to the grantee that the grant will be terminated, she may make a further grant of rights to the original grantee prior to the effective date of termination. For example:
