Fifth Tranche definition

Fifth Tranche means 16,000 of the Restricted Shares, for which the Performance Condition will be satisfied upon achievement of the Fifth Stock Price Hurdle.
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Fifth Tranche means 3,000 of the Restricted Shares, for which the Performance Condition will be satisfied upon achievement of the Fifth Stock Price Hurdle.
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Fifth Tranche the next amount of Excess Financing Proceeds after full utilization of the Fourth Tranche.
Sample 1

Examples of Fifth Tranche in a sentence

  • In respect of the First Tranche Bonds, Second Tranche Bonds, Third Tranche Bonds, Fourth Tranche Bonds and Fifth Tranche Bonds, they have been defaulted since 1 December 2014, 29 December 2014, 9 January 2015, 4 March 2015 and 22 March 2015 respectively.

  • As mentioned in Section 3.4 above, Option Beneficiaries holders of a total of 3,000,000 Stock Options granted in the Fifth Tranche, have the right to subscribe to a maximum of 3,000,000 newly issued Shares in the Company's portfolio, arising from the increase in share capital, paid and in tranches, with the exclusion of option rights pursuant to articles.

  • There is no amendment or supplement by the Supplemental Lock-up Agreement to the Lock-up Agreement with respect to the remaining Transfer Shares (i.e. the Second Tranche Transfer Shares, Third Tranche Transfer Shares, Fourth Tranche Transfer Shares and Fifth Tranche Transfer Shares).

  • The date on which the conditions set forth in this Section 6 are satisfied and the Fifth Tranche is funded is referred to as the "Fifth Tranche Funding Date".

  • Completion of the Acquisition of Fifth Tranche of Inland Portfolio On March 10, 2014, American Realty Capital Trust V, Inc.

  • The aggregate amount of Additional Shares purchased in connection with the First Tranche, the Second Tranche, the Third Tranche, the Fourth Tranche, and the Fifth Tranche, is estimated to be 300,000,000 shares of common stock of the Seller and is subject to adjustment as reasonably determined by the parties.

  • The Group’s loss before tax (“LBT”) and loss after tax (LAT) for the quarter were RM1.867 million and RM1.714 million for the period respectively.

  • No event shall have occurred and be continuing, or would result from the advance of the Fifth Tranche, as the case may be, which constitutes an Event of Default.

  • As described under previous paragraph 3.4, in favour of the Beneficiaries of the Fifth Tranche for a total amount of no.

  • The Fifth Tranche shall be used by the Borrower to finance the fulfillment of contracted sales, and shall not be used to finance the Borrower's operating losses or general administrative expenditure.


More Definitions of Fifth Tranche

Fifth Tranche means twenty percent (20%) of the total number of PSUs subject to the Award, which PSUs shall be earned upon achievement of both the Fifth Stock Price Hurdle and the Relative TSR Goal. Each of the First Tranche, the Second Tranche, and the Third Tranche, shall be earned upon the attainment of an Average Closing Stock Price equal to the corresponding Stock Price Hurdle set forth below. Each of the Fourth Tranche and the Fifth Tranche shall be eligible to be earned only upon the attainment of an Average Closing Stock Price equal to the corresponding Stock Price Hurdle set forth below. If the applicable Stock Price Hurdle is achieved, then the portion of each of the Fourth Tranche and the Fifth Tranche that is earned (if any) shall be determined based on the relative TSR of the Company compared to that of the Index Constituents as of the TSR Measurement Date in accordance with the matrix set forth below (collectively, the “Relative TSR Goal”).
Sample 1
Fifth Tranche means the portion of the Credit not exceeding the equivalent of SDR 14,000,000 to be released by the Association after the Borrower has complied with the provisions of Section 2.02 (d) of this Agreement.
Sample 1
Fifth Tranche means twenty percent (20%) of the total number of PSUs subject to the Award, which PSUs shall be earned upon achievement of both the Fifth Stock Price Hurdle and the Relative TSR Goal.
Sample 1

Related to Fifth Tranche

  • Single Tranche means the amount of the Financing allocated to the category entitled “Single Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Extended Tranche has the meaning specified in Section 2.19(a).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • First Tranche means the amount of the Loan allocated to the category entitled “First Tranche” in the table set forth in Part B of Schedule 1 to this Agreement.

  • Eurocurrency Tranche the collective reference to Eurocurrency Loans under a particular Facility the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • LIBOR Tranche means the collective reference to LIBOR Rate Loans whose Interest Periods begin and end on the same day.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • New Revolving Loans as defined in Section 2.25.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Tranche A Lender means a Lender with a Tranche A Commitment or an outstanding Tranche A Term Loan.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • Loan Tranche The Series 2006-2 Class B2 Notes will fund the Series 2006-2 AA (Class B2) Loan Tranche which shall have the following xxxxx:

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.