Minimum Number of Units definition
Examples of Minimum Number of Units in a sentence
Purchases and Cash Advances made in currencies other than U.S. Dollars will be converted to U.S. Dollars under the operating regulations or foreign currency conversion procedures established by Visa® or MasterCard® then in effect.
If Customer uses more than the Minimum Number of Units in any billing period, Customer will pay an additional amount equal to the number of metered Units exceeding the agreed Minimum Included Units times the Excess Charge as shown on the face of this Contract.
Unless at least the Minimum Number of Units have been sold during the Offering Period (as the same may be extended by the mutual agreement of the Selling Agent and the Seller), the Offering will be terminated at the end of the Offering Period, no Offered Securities will be sold in the Offering and all subscription proceeds will be refunded to subscribers by the Escrow Agent, without interest thereon.
Customer acknowledges that in no event shall the Customer be entitled to any refund or rebate of the Minimum Payment if metered units result in less than the Minimum Number of Units in any billing period.
If subscriptions for at least the Minimum Number of Units are received by the end of the Offering Period (as the same may be extended by the mutual agreement of the Selling Agent and the Seller), a closing (the “First Closing”) will occur as soon as possible after subscriptions for the Minimum Number have been accepted by the Seller.
TBS will determine the number of supplies to be shipped based on the Minimum Number of Units and Excess Units metered.
Minimum Number of Units: Zero Maximum Number of Units: Number of Units Integral Multiple: Not Applicable Automatic Exercise: As provided above under “Required Exercise on Conversion Dates”.
If subscriptions for at least the Minimum Number of Units are received by the end of the Offering Period (as the same may be extended by the mutual agreement of the Selling Agent and the Seller), a closing (the “First Closing”) will occur as soon as possible after subscriptions for the Minimum Number have been accepted by the Seller and all other conditions precedent to closing have occurred to the sole satisfaction of the Selling Agent.
If, by the Termination Date, collected funds representing the Minimum Number of Units have been deposited with the Escrow Agent, such funds shall be paid to the Partnership by the Escrow Agent and the Partnership shall thereupon pay to you amounts payable pursuant to paragraph 4(a) hereof.
In the event the Minimum Number of Units are not sold (as described in the Memorandum) by the Termination Date or any extension thereof, this agreement shall be of no further force and effect (except with respect to the Company's obligation to return the Purchase Price to the Investor).