Common use of 02A Tranches Clause in Contracts

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: Xylem Inc., Xylem Inc., Xylem Inc.

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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: sabor.hr

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