One or Several Parcels Sample Clauses
The "One or Several Parcels" clause defines whether a transaction, such as a sale or delivery, involves a single parcel or multiple parcels of goods or property. In practice, this clause clarifies if the obligations, rights, and logistics apply to one consolidated unit or can be divided among several distinct parcels, which may affect delivery schedules, payment terms, or risk allocation. Its core function is to ensure both parties understand the scope and structure of the transaction, thereby preventing disputes over how the goods or property are to be handled and delivered.
One or Several Parcels. Awards may be exercised in one or more parcels of any size, provided that the number of Shares issued upon exercise of the number of Awards in any parcel is not less than a Marketable Parcel.
One or Several Parcels. Subject to Rule 6.1, Options may be exercised in one or more parcels of any size.
