Reflight Option definition

Reflight Option shall have the meaning set forth in Section 8.1 of this Agreement.
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Reflight Option means the option available to CUSTOMER for (i) a Reflight if the Launch Mission results in a Launch Failure, or (ii) a payment if the Launch Mission results in a Partial Failure, as determined under Paragraph 4.3.2 of Article 4 to this Agreement subject to the conditions specified therein.
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Reflight Option shall have the meaning set forth in Section 8.1 (Terms).
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Examples of Reflight Option in a sentence

  • In the event of a Launch Failure, Contractor shall make reasonable efforts to perform the Launch contemplated by the Reflight Option (“Reflight Launch Services”) within a period beginning at (***) following receipt of Customer’s written request for the Reflight, which request must be provided to Contractor within (***) following determination of the Launch Failure.

  • The Reflight Option does not include the cost of the replacement Payload, insurance or other expenses, all of which shall be borne by Customer.

  • In any case of termination for convenience by Customer, Contractor shall retain any Reflight Option fees paid by Customer without further obligation or liability to Customer.

  • The Reflight Launch Services must be completed within (***) following a Launch Failure or the Reflight Option shall terminate and Contractor shall retain the Reflight Option fee, unless the inability to perform the Reflight Launch Services within such timeframe is solely the fault of Contractor.

  • In the event Contractor is not required to provide a Reflight Launch Services in connection with a Launch Service hereunder, Contractor shall retain the Reflight Option fee without further obligation or liability to Customer.

  • Customer may purchase the Reflight Option at a cost equal to (***) of the Launch Services Price, any time prior to (***) prior to the start of the Launch Period, as such Launch Period may be adjusted for reasons attributable to Contractor, by furnishing written notice to Contractor of its intent to purchase the Reflight Option.

  • Contractor shall thereafter invoice Customer for the full price of the Reflight Option, which Customer agrees to pay in full within (***) thereafter.

  • Launch Risk Guarantee (LRG) means the guarantee available to CUSTOMER under Paragraph 4.3 of Article 4 of this Agreement if CUSTOMER exercises the Reflight Option.

  • For the avoidance of doubt, if Customer has exercised the Reflight Option in connection with the Launch Services Contractor shall not be obligated to provide Replacement Launch Services.


More Definitions of Reflight Option

Reflight Option means the option available to CUSTOMER for (i) a Reflight if the Launch Mission results in a Launch Failure, or (ii) a payment if the Launch Mission results in a Partial Failure, as determined under Sub-paragraph 4.3.1.1 of ARTICLE 4 to this Agreement subject to the conditions specified therein. * Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions. Refund Option means the option provided to CUSTOMER to receive a payment from ARIANESPACE subject to the conditions specified in Sub-paragraph 4.3.1.2 of ARTICLE 4 herein.
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Related to Reflight Option

  • Replacement Option has the meaning ascribed thereto in Section 2.2(c).

  • Shoe Option means the Initial Purchasers’ option to purchase up to seventy five million dollars ($75,000,000) aggregate principal amount of additional Notes as provided for in the Purchase Agreement.

  • Replacement Options has the meaning ascribed thereto in Section 1.1 of the Plan of Arrangement;

  • Investment Option means any of the guaranteed investments and variable investment funds available under the Plan.

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

  • 3(i) Option means an Option granted pursuant to Section 3(i) of the Ordinance to any person who is Non- Employee.

  • Covered Call Option means an exchange traded option entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities (excluding Futures Contracts) which are owned by the writer thereof and subject to appropriate restrictions.

  • Over-Allotment Option means the option of the Underwriters to purchase up to an additional 15 per cent of the firm units (as described in the Articles) issued in the IPO at a price equal to US$10 per unit, less underwriting discounts and commissions.

  • Approved 102 Option means an Option granted pursuant to Section 102(b) of the Ordinance and held in trust by a Trustee for the benefit of the Optionee.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

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

  • Top-Up Option has the meaning set forth in Section 1.04(a).

  • 102 Option means any Option granted to Employees pursuant to Section 102 of the Ordinance.

  • Put Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and tender of the specified underlying Securities, to sell such Securities to the writer thereof for the exercise price.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Reload Option means any Option granted under Section 6(a)(iv) of the Plan.

  • Vested Option means any Option, which has already been vested according to the Vesting Dates.

  • Renewal Option has the meaning set forth in §12.1.

  • Director Option means an Option granted pursuant to Section 6.

  • Employee Option means an Option granted pursuant to Section 5.

  • Tandem SAR means an SAR that is granted in connection with a related Option pursuant to Article 7 herein, the exercise of which shall require forfeiture of the right to purchase a Share under the related Option (and when a Share is purchased under the Option, the Tandem SAR shall similarly be canceled).

  • Unvested Option means an Option in respect of which the relevant Vesting Conditions have not been satisfied and as such, the Option Grantee has not become eligible to exercise the Option.

  • Call Option means an exchange traded option with respect to Securities other than Stock Index Options, Futures Contracts, and Futures Contract Options entitling the holder, upon timely exercise and payment of the exercise price, as specified therein, to purchase from the writer thereof the specified underlying Securities.

  • Related Option means an Option with respect to which a Stock Appreciation Right has been granted.

  • Stock Option means a contractual right granted to an Eligible Person under Section 6 hereof to purchase shares of Common Stock at such time and price, and subject to such conditions, as are set forth in the Plan and the applicable Award Agreement.

  • car-share parking space means a parking space that is reserved and actively used for car-sharing;