Base Stock definition
Examples of Base Stock in a sentence
Any Base Stock Consideration due hereunder shall be issued to the Company Members as soon as practicable following, but in any event within 10 calendar days thereof, any date such shares are required to be issued hereunder.
If the Base Stock Consideration issuable in connection with a Liquidity Event is the result of the closing of a QA, then such shares shall be issued to each Company Member in proportion and at such times as any lock-up restriction applicable to such shares is released.
The Representative may waive such issuance restrictions at any time with respect to all or any portion of the issuable shares; provided, that, in no event shall any Base Stock Consideration be issued prior to the expiration or waiver of the Rescission Right.
The Representative may waive such issuance restrictions at any time with respect to all or any portion of the issuable shares; provided, that, in no event shall any Base Stock Consideration be issued prior to the expiration or waiver of the Recission Right.
In order to fulfil short term requirements, e.g. for No-Go and ME▇ ▇ items, and, consequently, to reach high technical dispatch reliability Volaris shall maintain a Home Base Stock.
The Parties shall then mutually in good faith define the final adjustments without delay, and LHT shall then add the additional Pool Components to the Home Base Stock.
The Title to all Pool Components for Home Base Stock Replacement and Home Base Stock Replenishment remains with LHT.
E) In case of Home Base Stock allocated by LHT: Other than set forth in Article 8.1 of the Basic Agreement, title to Pool Components and Home Base Stock Components shall transfer as follows: Title to each Home Base Stock Component taken out of the Home Base Stock to be installed on a Pool Aircraft shall remain with LHT until the replaced Return Pool Component has been received by LHT.
The aggregate number of shares of Parent Common Stock issuable at any given time as required by this Section 2.3(d) shall equal (x) the portion of Base Stock Consideration issuable at such time divided by (y) the FMV.
The Home Base Stock shall only be used by Volaris to replace Pool Components removed from Pool Aircraft or spare engines/APUs. It may be used for other purposes only after prior written consent of LHT (which shall not be unreasonably withheld).