The museumâs interiors feature state-of-the-art LED/RGB lighting for the structural trusses and track LED lighting for the cars. The program also called for public restrooms. The architect used stainless steel to create custom dividers and counters.
Evergreen contracts are contracts that automatically renew after the contract period is up -- usually every year. While these contracts can be convenient because they don't require parties to renegotiate terms every year, they can also be frustrating if one party is unhappy with the contract.
Standby Agreement. An agreement between the issuer of a security and its underwriters stating that the underwriters are responsible for any unsold portion of the issue. That is, the underwriters agree to buy the remainder of a new issue if they are unable to place its entirety with investors.