B-Stock definition
Examples of B-Stock in a sentence
Previously Enjoyed, B-Stock or Demo Product means product identified as such in the Proposal and may include Hardware, Software or any combination thereof.
B-Stock equipment is defined as equipment repurchased or repurposed by Imagine Communications that is reconditioned or refurbished for sale to a second generation owner by Imagine Communications, and is covered for a period of ninety (90) days from the date such equipment is shipped.
Notwithstanding the foregoing, USPI shall not have the option to purchase up to 20% of the outstanding USPI B-Stock which would otherwise be subject to the option hereinabove provided if the other shareholders of HDT who provide services to USPE pursuant to a management contract acquire the underlying shares of HDT which give rise to the repurchase option.
In computing adjustments under this Section 4, fractional interests in Series BStock shall be taken into account to the nearest one one-hundredth (1/100th) of a share.
If there has not been $1,000,000 of sales of such common stock within the 12-month period preceding the date of the exercise of the option, then the most recent $1,000,000 of sales shall be used to determine the purchase price, unless either USPI or HDT objects to using the most recent sales, then USPI and HDT shall jointly select a third party appraiser to determine the fair market value exercise price for the USPI B-Stock.
In the event HDT elects to convert the USPI B-Stock into USPE Shares, then the Parties agree to consider structuring the conversion as a redemption of HDT's USPI B-Stock in exchange for a market rate promissory note of USPI.
This Agreement shall terminate upon the earlier to occur of (i) (A) if HDT has not converted its shares of USPI B-Stock into USPE Shares as of the time a USPI or USPE Triggering Event occurs, at the time of the occurrence of a USPI or USPE Triggering Event, or (B) if HDT has converted its shares of USPI B-Stock into USPE Shares prior to the time a USPI or USPE Triggering Event occurs, at the time of the occurrence of a USPE Triggering Event, or (ii) the mutual agreement of the Parties.
If USPI has made $70,247,336 in Qualified Investments or if HDT's USPI B-Stock has been converted into USPE Shares, then any further investments made by USPI in USPE shall not constitute Qualified Investments, and such further investments may be on such terms and conditions, including purchase price, as USPI and USPE shall determine.
Previously Enjoyed, B-Stock or Demo Product means product identified as such in the Proposal and m a y include Hardware, Software or any combination thereof.
B-Stock Equipment is defined as equipment repurchased or repurposed by ▇▇▇▇▇▇ that is reconditioned or refurbished for sale to a second generation owner by ▇▇▇▇▇▇.