Outright Sale definition

Outright Sale means the outright sale of an Exchange Unit or Loan Unit by DAI to the Customer at the price specified in the corresponding quote, Exchange Agreement or Loan Agreement; “Order” means (i) any order submitted by the Customer for a Sale and/ or Repair or (ii) a loan or exchange order, in DAI’s standard format, submitted by the Customer to DAI; “Parts” means any aircraft component parts specified in an Order; “Repair” means any repair, overhaul, inspection, modification and/ or testing arranged by DAI on behalf of the Customer and “Repaired” shall be understood accordingly; “Sale” means the outright sale of a Part by DAI to the Customer and “Sold” shall be understood accordingly; “Serviceable” means a part that meets all OEM and aviation authority specified standards for airworthiness, including in relation to its storage, and has no known defects, which would render it unfit for service; “Units” means, together, Exchange Units and Off Units; “Unserviceable” means not Serviceable.

Outright Sale any transfer of ownership of any of the Intellectual Property and/or technology relating to the Product, and/or the Product, in each case in whole or in part, to a third party

Outright Sale. The exclusive leasing or licensing of a Motion Picture to --------------- any Party for a fixed period of time solely for a fixed price without such fixed price being computed and paid with respect to any monies or levels thereof actually derived or expenses actually incurred by such Party from the distribution or exhibition of the Motion Picture.

Examples of Outright Sale in a sentence

• G.2. The Foundation shall promptly review a request to approve an Outright Sale, after receipt and review of the notice referred to in Section G.1. above.

• G.1. The Participant(s) shall not commit to an Outright Sale prior to Full Repayment without a prior written notice from the Proposer to the Foundation and without the prior written consent of the Foundation, in its sole discretion.

• The Foundation shall be entitled in its sole discretion to designate a representative or representatives to review the terms of the proposed Outright Sale, and the Participant(s) shall cooperate with, and deliver all pertinent information, to any such representative or representatives.

• If any such Outright Sale is (i) in exchange for a non-cash asset or (ii) part of the sale of a group of assets, and no separate value is assigned by the parties to the portion of the Product sold, the Proposer and the Foundation shall seek to agree: as to (i) the value of the asset received; and as to (ii) the portion of the consideration that can be reasonably allocated to the sale.

More Definitions of Outright Sale

Outright Sale means the outright sale of an Exchange Unit by APEX AERO LTD to the Customer at the price specified in the corresponding quote, Exchange Agreement;

Outright Sale means the outright sale of an Exchange Unit or Loan Unit by AJWTE to the Customer at the price specified in the corresponding quote, Exchange Agreement or Loan Agreement; “Order” means (i) any order submitted by the Customer for a Sale and/ or Repair or (ii) a loan or exchange order, in AJWTE’s standard format, submitted by the Customer to AJWTE; “Parts” means any aircraft component parts specified in an Order; “Repair” means any Unserviceable Off Unit that requires repair, overhaul, inspection, modification and/ or testing arranged by AJWTE and “Repaired” shall be understood accordingly; “Sale” means the Outright Sale of a Part by AJWTE to the Customer and “Sold” shall be understood accordingly; “Serviceable” means a part that meets all OEM and aviation authority specified standards for airworthiness, including in relation to its storage, and has no known defects, which would render it unfit for service; “Units” means, together, Exchange Units and Off Units; “Unserviceable” means not Serviceable.

Outright Sale is defined when EuroTec has sold the goods to the Buyer and the Buyer is not required to ship an “unserviceable” like goods to EuroTec; the Buyer in such circumstance shall retain ownership of the removed goods (AKA core) from the helicopter.