Component definition
Examples of Component in a sentence
Up to approximately 26.67% of the Restricted Shares subject to the Performance-Based Component (i.e., 20% of the total Restricted Shares) shall be eligible to vest based on the attainment of 2026 annual performance objectives (which will be established by the Board and communicated to the Participant no later than March 31, 2026), subject to the Participant’s continued service with the Company Group through December 31, 2026.
In the event that Participant has completed at least six (6) years as a Service Provider of the Company Group, 60% of the Restricted Shares that have met either the Time-Based Component or the Performance-Based Component, in each case as of the Participant’s termination date, shall remain outstanding and eligible to vest upon the occurrence of a Qualifying Liquidity Event, and all other Restricted Shares shall be automatically surrendered for no consideration as of such date.
The Administrative Trustee may, in its sole discretion, permit or require the substitution of an amount of cash to be added to the Cash Component to replace a portion of or all of bitcoin and IBIT Shares that the Authorized Participant would otherwise have had to Deliver in connection with a Purchase Order.
At the request of L▇▇▇▇▇, Borrower shall execute a certificate in form satisfactory to Lender listing the trade names under which Borrower or any applicable SPE Component Entity intends to operate the applicable Individual Property, and representing and warranting that Borrower or the applicable SPE Component Entity does business under no other trade name with respect to the applicable Individual Property.
Notwithstanding the foregoing, so long as no Event of Default is continuing, all mandatory prepayments of the Loan pursuant to Section 2.7(b) shall be applied to each Component of the Loan on a pro rata and pari passu basis.