No Flip definition
No Flip. If Buyer sells majority equity interest / control (other than through public offering) or disposes of all or substantially all of the assets, within three years of startup, if price is above purchase price then DC Air will pay United the amount of the excess
No Flip and other ▇▇▇▇▇▇▇ MOU Provisions: UA will agree to waive the "no flip" provision set forth in Section 13 of Attachment I to the Memorandum of Understanding (the "▇▇▇▇▇▇▇ MOU") dated as of May 23, 2000, among ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, UA and US Airways, insofar as (i) AA or DC Air could directly or indirectly be responsible to make any payment pursuant to such provision or (ii) ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ could directly or indirectly be responsible to make any payment pursuant to such provision with respect to a transaction with AA. UA also agrees to amend the ▇▇▇▇▇▇▇ MOU to delete the following provisions from Attachment I: Section 2, bullet point 3 regarding wet least of aircraft; Section 4; Section 5 and Section 10.
Examples of No Flip in a sentence
Initials I agree to provide the following labelled items for my child: sunscreen, hat, closed toe sandals / No Flip Flops or Roller Shoes, water bottles, extra change of clothes, towel and a backpack (Not a Shoulder Bag) especially for fieldtrips.