Instrument. Any “instrument” (as defined in Article 9 of the UCC), other than an instrument that constitutes part of chattel paper.
Instrument. This Omnibus Team Unit Instrument initially shall entitle each Subscriber to beneficial ownership interest in the number of Team Units in the Company equal to the product of (i) the quotient of such Subscriber’s Subscription Amount divided by the Team Unit Instrument Amount; times (ii) the quotient of the Team Unit Instrument Amount divided by $1.50 . The number of Team Units exchangeable for this instrument shall be subject to adjustment by the Company in the event of any Unit subdivision, split, dividend, reclassification, combination, consolidation or similar transaction affecting the Membership Units or the Company.
Instrument. As used herein, “Instrument” shall mean a diagnostic instrument designed to perform blood grouping (to include antigen typing and antibody identification) and disease screening as described in the PDR (Exhibit 1). The Instrument shall be developed by STRATEC in accordance with the Project Parameters as defined below and sold by QUOTIENT under the Supply Agreement to be attached at Exhibit 4