Pool Stock definition
Examples of Pool Stock in a sentence
The Company specifically agrees that it shall not acquire any interest, equity or share of the Advanced Pool Stock, or pledge or create any lien of any sort whatsoever prior to the transfer of title to the Advanced Pool Stock to the Company in accordance with this Agreement.
However, if the Advanced Pool Stock or part of the Advanced Pool Stock is seized or taken away, the Company must immediately inform the Repairer in writing and indemnify the Repairer for any losses, costs or expenses incurred by the Repairer as a result of the above-mentioned events, and shall mitigate any such Losses, costs or expenses by using its best efforts to re-possess the Advanced Pool Stock or to re-acquire the Advanced Pool Stock or any item of the Advanced Pool Stock.
The Company shall be responsible for and pay any costs incurred by the return to Repairer and/or replacement of such items of the Advanced Pool Stock, including but not limited to transportation costs, customs duties, formalities and commissions, re-certification fees if documents are missing or damages are found.
Delivery of the Advanced Pool Stock shall be subject to the Stock delivery.
It shall be the responsibility of the Company to notify said owner or landlord of the Repairer’s right of ownership in and to the Advanced Pool Stock and copy the Repairer of such notification.
Upon either party’s request, the parties agree to review the content of the Advanced Pool Stock at the first anniversary date of the Start Date.
In acquiring the Pool Stock, each Seller is not offering or selling, and will not offer or sell, for Pool in connection with any distribution of the Pool Stock and each Seller does not have a participation and will not participate in any such undertaking or in any underwriting of such an undertaking except in compliance with applicable federal and state securities laws.
All the items of the Advanced Pool Stock will be stored with their corresponding documentation.
The Company shall provide full access to enable the Repairer to conduct periodic inventory inspection of the Advanced Pool Stock.
Repairer shall use its reasonable efforts to deliver [*****] of the items of the Advanced Pool Stock (in quantity) at the Start Date.