Tranche. The term "
Tranche. 2 – one-fifth (1/5th) of the Deferred Stock Units, on the earlier of (x) the two (2) year anniversary of the Date of Grant or (y) the fifth (5th) anniversary of the date of Participant’s termination as a Service Provider prior to attainment of age 67;
Tranche. 1 Performance Units. One-hundred percent (100%) of the Tranche 1 Performance Units shall become Vested Units upon the consummation of a Change in Control if the Advent Group achieves a MOIC equal to at least two (2), subject to the Participant’s continued employment with the Partnership or one of its Subsidiaries through the date of such Change in Control. For the avoidance of doubt, the Tranche 1 Performance Units shall not vest if the Advent Group receives Advent Cash Amounts resulting in a MOIC of less than two (2).
Tranche. Collectively, or individually as the context indicates, the Revolving Credit Loans if any are outstanding and/or the Tranche B Term Loan, and for purposes of §15 only, any new Loan provided to the Borrower in accordance with the terms and conditions set forth in such §15.
Tranche. D1 will only be used by the Borrower for the financing of Project Construction Costs;
Tranche. 3 Advance. Subject to the terms and conditions of this Agreement and the achievement of the Tranche 3 Milestone, Borrower may request, and the Lenders shall severally (and not jointly) make, in each case on or prior to the earlier of (i) March 31, 2025 or (ii) sixty (60) days following the achievement of the Tranche 3 Milestone, additional Term Loan Advances in an aggregate principal amount up to Thirty Million Dollars ($30,000,000), in minimum draws of at least Ten Million Dollars ($10,000,000) (or if less than Ten Million Dollars ($10,000,000), the remaining amount of Term Loan Advances available to be drawn pursuant to this Section 2.2(c)) (each, a “Tranche 3 Advance”); provided that Borrower shall not be permitted to request more than two (2) Tranche 3 Advances in total.
Tranche. 1. Tranche A-1 Principal Payment 0.00 2. Tranche A-2 Principal Payment 0.00 3. Tranche A-3 Principal Payment 0.00 0.00 {Add Other Series as Applicable}
Tranche the respective facility and commitments utilized in making Loans hereunder, with there being one Tranche on the Effective Date, i.e., Initial Term Loans. Each Class of Loans or Commitments shall constitute a separate Tranche hereunder. Additional Tranches may be added after the Effective Date pursuant to Section 2.1.5, 2.1.6 or 15.1.6.
Tranche. 1 LOAN. No Prepayment Premium shall be payable in respect of any mandatory prepayment of the Tranche 1 Loan pursuant to this Section 3.06.
Tranche. 2 Advance. Subject to the terms and conditions of this Agreement, beginning on June 30, 2019 and continuing through September 30, 2019, Borrower may request and each Lender shall severally (and not jointly) make in an amount not to exceed its respective Term Commitment an additional Term Loan Advance in an aggregate principal amount of up to Ten Million Dollars ($10,000,000) (the “Tranche 2 Advance”).
