02A Tranches. The Bank shall disburse the Credit in up to 5 (five) Tranches. The amount of each Tranche, if not being the undrawn balance of the Credit, shall be in a minimum amount of or equivalent to EUR 15,000,000 (fifteen million euros).
Appears in 3 contracts
Samples: Finance Contract (Xylem Inc.), Finance Contract (Xylem Inc.), Research and Development Facility Agreement (Xylem Inc.)
02A Tranches. The Bank shall disburse the Credit in up to 5 (five) Tranchesten tranches. The amount of each Tranchetranche, if not being the undrawn balance of the Credit, shall be in a minimum amount of or equivalent to EUR 15,000,000 5,000,000 (fifteen five million euros). A tranche requested by the Borrower in accordance with Article 1.02B is hereafter referred to as a ‘‘Tranche’’.
Appears in 1 contract
Samples: Finance Contract
