Final Tranche means the earlier of: (i) the date of the funding of a Borrowing Request that results in $20,000,000 in principal outstanding with respect to the PRH Financing or (ii) the date on which the Lender informs the Borrower that it shall not disburse any additional funds to the Borrower hereunder; provided, however, that the Lender shall have funded to the Borrower at least $10,000,000 under this Note.
Final Tranche has the meaning given to it in Clause 5.3(c)(iii)(C);
Final Tranche means the effective date of the final sale by VEC of its equity ownership interest in Holdings, whether by public offering, private placement or otherwise, at which time it is contemplated that VEC shall cease to have any equity ownership interest in Holdings.
Examples of Final Tranche in a sentence
The definitive terms and conditions of the First Tranche as laid down in long-form documentation shall constitute the definitive terms and conditions of the Second Tranche and the Final Tranche to be laid down in long-form documentation for the Second Tranche and the Final Tranche, in each case subject to Clause 5.2(d).
More Definitions of Final Tranche
Final Tranche shall have the meaning assigned thereto in Section 2(a)(i).
Final Tranche has the meaning set forth in Section 2.2.