Rights to Travel definition

Rights to Travel means certain rights and services comprising the following:
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Rights to Travel means certain rights and services acquired by the Trustee in accordance with the Purchase of Services Agreement comprising the following:
Sample 1

Examples of Rights to Travel in a sentence

  • Following the occurrence of a Dissolution Event, the Trustee and the Delegate will have the right to require flydubai to purchase and accept the transfer of the aggregate unsold Allotted Rights to Travel held by the Trustee or by flydubai on its behalf (the “Outstanding Rights to Travel”) and the Additional Rights to Travel (measured in ASKMs) from the Trustee pursuant to the Purchase Undertaking.

  • The Service Agent shall credit an amount equal to the proceeds of the distribution and sale of the Allotted Rights to Travel into a collection account (the “Collection Account”).

  • For the purposes of the purchase of the Rights to Travel, each ASKM will be ascribed a value of U.S.$0.0518, representing the cost of each ASKM (less such approximate amount determined by flydubai in accordance with its operating data to be attributable to costs of any flight services that are not Xxxxx’a-compliant) divided by 1.15 (the “Base Price”).

  • Such amounts are expected to be funded by the proceeds from the sale of the Allotted Rights to Travel (measured in ASKMs) for that Profit Period, save as described below.

  • If certain tax gross-ups are required, or if flydubai wishes to cancel any Certificates held by or on behalf of the Trustee or flydubai, pursuant to a sale undertaking granted by the Trustee in favour of flydubai on the Issue Date, flydubai will have the right to require the Trustee to sell, transfer and convey all or part of the Outstanding Rights to Travel to flydubai.

  • Such Rights to Travel shall be made available to the Trustee to be sold in specified periods.

  • The Rights to Travel purchased pursuant to the Purchase of Services Agreement will comprise: (i) the Allotted Rights to Travel (as defined below) in respect of each Profit Period; and (ii) certain additional Rights to Travel (the “Additional Rights to Travel”).

  • The proceeds of the issue of the Certificates will be paid by the Trustee to flydubai (as Seller) as the purchase price for the Rights to Travel pursuant to the Purchase of Services Agreement.

  • The Service Agent shall not be entitled, during any Profit Period, to sell Rights to Travel: (i) in excess of the portion of Rights to Travel (measured in ASKMs) stipulated in the Service Agency Agreement as being available for sale in respect of that Profit Period; or (ii) at a price which is less than a specified minimum sale price.

  • Following the occurrence of a Change of Control (as defined in the Conditions) and the request by one or more Certificateholders to exercise a “put” right in respect of the Certificates held by it, the Trustee shall be entitled to exercise its rights under the Purchase Undertaking to require flydubai to purchase and accept from the Trustee the transfer of a specified number of the Outstanding Rights to Travel.

Related to Rights to Travel

  • Stock Appreciation Rights or “SAR” means a right granted to a Participant under Section 6(c).

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

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

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

  • License, permit, or other entitlement for use means all business, professional, trade and land use licenses and permits and all other entitlements for use, including all entitlements for land use, all contracts (other than competitively bid, labor, or personal employment contracts), and all franchises.

  • Tandem Stock Appreciation Right means the right to surrender to the Company all (or a portion) of a Stock Option in exchange for an amount in cash and/or stock equal to the difference between (i) the Fair Market Value on the date such Stock Option (or such portion thereof) is surrendered, of the Common Stock covered by such Stock Option (or such portion thereof), and (ii) the aggregate exercise price of such Stock Option (or such portion thereof).

  • Stock Appreciation Rights Agreement means a written agreement between the Company and a Holder with respect to an Award of Stock Appreciation Rights.

  • Purchase Rights shall have the meaning set forth in Section 5(c).

  • Stock Appreciation Right Agreement means a written agreement between the Company and a holder of a Stock Appreciation Right evidencing the terms and conditions of a Stock Appreciation Right grant. Each Stock Appreciation Right Agreement will be subject to the terms and conditions of the Plan.

  • 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.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Development rights means any right or combination of rights reserved by a declarant in the declaration to:

  • Reserved Rights means amounts payable to the Issuer under Sections 4.02(b), 6.09, 7.02 and 8.04 hereof.

  • Free-Standing Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is not granted in tandem with an Option Right.

  • Stock Appreciation Right or “SAR” means a right to receive the appreciation on Common Stock that is granted pursuant to the terms and conditions of Section 5.

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

  • Incentive Share Option means an Option that is intended to meet the requirements of Section 422 of the Code or any successor provision thereto.

  • Phantom means a volume of material behaving in a manner similar to tissue with respect to the attenuation and scattering of radiation. This requires that both the atomic number (Z) and the density of the material be similar to that of tissue.

  • CONCURRENT STOCK APPRECIATION RIGHT or "CONCURRENT RIGHT" means a right granted pursuant to subsection 8(b)(2) of the Plan.

  • 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.

  • Tag-Along Rights has the meaning set forth in Section 5.2.

  • Stock Appreciation Right” or “SAR means a stock appreciation right awarded under the Plan as provided in Section 8.

  • Incentive Distribution Rights has the meaning assigned to such term in the Partnership Agreement.

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

  • Restricted rights, as used in this clause, means the rights of the Government in restricted computer software, as set forth in a Restricted Rights Notice of paragraph (g) if included in this clause, or as otherwise may be provided in a collateral agreement incorporated in and made part of this contract, including minor modifications of such computer software.