Stratus cloud a region. Some call these clouds "high fog" for the fog-like cloud. While light rain may fall, this cloud does not indicate much meteorological activity. Stratus clouds form when a sheet of warm, moist air lifts off the ground and depressurizes, following the lapse rate. This causes the relative humidity to increase due to the adiabatic cooling. Stratus clouds look like featureless gray to white sheets of cloud. They can be composed of water droplets, supercooled water droplets, or ice crystals depending upon the ambient temperature. Stratus nebulosus clouds appear as a featureless or nebulous veil or layer of stratus
Term sheet purchase agreement and related agreements will cover in detail. The advantage of the abbreviated term sheet format is, first, that it expedites the process. Experienced counsel immediately know generally what is meant when the term sheet specifies "one demand registration at the issuer's expense, unlimited piggybacks at the issuer's expense, weighted average antidilution"; it saves time not to have to spell out the long-form edition of those references. Second, since the term sheet does not propose to be an agreement of any sort, it is less likely that a court will find unexpected promissory content; a "letter of intent" can