Open Stock Status definition

Open Stock Status means that a Shipper may withdraw at a Carrier Destination the same quantity of the Petroleum Product which Carrier is receiving at a Carrier Origin from Shipper on the same day if both Shipper's and Carrier's inventories are sufficient as stated in Item 85.
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Open Stock Status means that a Shipper may w ithdraw at a Carrier Destination the same quantity of the Petroleum Product w hich Carrier is receiving at a Carrier Origin from Shipper on the same day if both Shipper's and Carrier's inventories are
Sample 1
Open Stock Status means that a Shipper may withdraw at a Carrier Destination the same quantity of the Petroleum Product which Carrier is receiving at a Carrier Origin from Shipper on the same day if both Shipper's and Carrier's inventories are sufficient as stated in Item 75. "Origin" means the facility of Carrier at which Carrier receives Petroleum Products into Carrier's pipeline. "Origin Release" means the written commitment of a Consignor to schedule a batch of Petroleum Products into Carrier's facilities. "Petroleum Products" means the commodities more specifically defined in Item 20 and meeting the specifications referenced in Item 25. "Shipment Request" represents a commitment by an established Shipper to receive Petroleum Product from an Origin point into the Carrier's system. "Shipper" means the party who contracts with the Carrier for transportation and/or terminaling of Petroleum Products pursuant to the terms of this tariff. "Tender" means an offer by a Shipper to a Carrier of a stated quantity of Petroleum Products from a specified Origin or Origins to a specified Destination or Destinations pursuant to the terms of this tariff. "Transit Time" means the time a shipment would take to move from Origin to Destination.
Sample 1

Examples of Open Stock Status in a sentence

  • An Inventory Owner's Minimum Allocation is calculated by applying the Inventory Owner's percentage of overall demand from all Carrier's terminals for a specific Open Stock Petroleum Product against Carrier's system inventory required to maintain Open Stock Status for such Open Stock Petroleum Product.

Related to Open Stock Status

  • Parent Stock Option means any option to purchase Parent Common Stock granted under any Parent Stock Plan.

  • Stock Reload Option means any option granted under Section 6.3, below, as a result of the payment of the exercise price of a Stock Option and/or the withholding tax related thereto in the form of Stock owned by the Holder or the withholding of Stock by the Company.

  • Parent Stock Plans has the meaning set forth in Section 4.5(a).

  • Fully Diluted Company Shares means the total number of issued and outstanding shares of Company Common Stock, (a) after giving effect to the Company Preferred Stock or otherwise treating shares of Company Preferred Stock on an as-converted to Company Common Stock basis, and (b) treating all outstanding in-the-money Specified Company Warrants as fully vested and as if the Specified Company Warrants had been exercised for cash as of the Effective Time, but for the avoidance of doubt excluding any Company Securities described in Section 1.11(b).

  • Health status-related factor means any of the following factors:

  • Common Stock Equivalent means any Convertible Security or warrant, option or other right to subscribe for or purchase any Additional Shares of Common Stock or any Convertible Security.

  • Parent Stock Plan has the meaning set forth in Section 6.2(a).

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Conversion Stock means shares of Common Stock issued upon conversion of the Preferred Stock.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Reverse Stock Split means a reverse stock split of the outstanding shares of Common Stock that is effected by the Company’s filing of an amendment to its certificate of incorporation with the Secretary of State of the State of Delaware and the acceptance thereof.

  • Parent Option means any option to purchase Parent Common Stock which was granted pursuant to a Parent Option Plan.

  • Parent Stock means the common stock, par value $0.01 per share, of Parent.

  • Rollover Option has the meaning set forth in Section 2.4(a).

  • Fully Diluted Shares means, at any time of determination, the number of shares of common stock of the applicable entity outstanding at such time, plus the number of shares of issuable upon exercise or conversion or otherwise pursuant to any in-the-money common stock equivalents of such entity outstanding at such time.

  • Company Stock Options shall have the meaning given to such term in Section 3.3(a) hereof.

  • Option Stock shall have the meaning set forth in Section 2(a) hereof.

  • Company Stock Option means any option to purchase one or more shares of the Company’s Common Stock granted under any of the Company Stock Plans.

  • Parent Options means options or other rights to purchase shares of Parent Common Stock issued by Parent.

  • Company Stock Option Plans shall have the meaning set forth in Section 3.07(a).

  • Stock Purchase Rights means any warrants, options or other rights to subscribe for, purchase or otherwise acquire any shares of Common Stock or any Convertible Securities.

  • Common Stockholder means the employee of, consultant to, or director of the Company or other person to whom shares of Common Stock are issued pursuant to this Plan.

  • Reverse Stock Split Date means the first date following the Issue Date on which a reverse stock split of the Common Stock is approved and deemed effective.

  • Stock Purchase Right means a right to purchase Common Stock pursuant to Section 11 below.

  • B-BBEE status level of contributor means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act;

  • Rollover Shares has the meaning given in the recitals.