OL0 definition

OL0 means the first day of the Optional Launch Period, initially agreed upon at T0 OL1 means the first day of the Optional Launch Period, agreed upon at TOL OL means the actual Launch Day of the Optional Launch OL* means OL1 if no postponement has been requested by STARSEM or otherwise the date obtained by adding to OL1 the aggregate duration of Launch Period or Launch Slot postponement(s) requested by STARSEM after TOL for such Launch pursuant to Paragraph 11.3 of ARTICLE 11 of this Agreement, including the aggregate duration of postponements caused by Events of Force Majeure and / or a delay to obtain an ITAR license in due time.
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Examples of OL0 in a sentence

  • Should GLLC exercise the option and finalize a Launch Period with OL1 established more than [*] months later than OL0, the price identified in Article 8 "Remuneration" shall be subject to an adjustment of [*]% per month, calculated from OL0 to OL1.

  • Should GLLC exercise the option and finalize a Launch Period with OL1 established more than 6 months later than OL0, the price identified in Article 8 "Remuneration" shall be subject to an adjustment of [*]% per month, calculated from OL0 to OL1.

Related to OL0

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