First Tranche definition
Examples of First Tranche in a sentence
If the issue is open, the First Tranche and Borrowing Limit will be specified in the Applicable Final Terms.
Lenders’ commitments to make the First Tranche Term Loans shall terminate upon the funding of the First Tranche Term Loans on the Closing Date.
For purposes of this Section 4(b) only, breaches of the representations and warranties contained in the Purchase Agreement and made as of the First Tranche Closing Date shall be disregarded unless such breaches would, individually or in the aggregate, have given rise to a failure of the condition precedent set forth in Section 6.2(a) of the Purchase Agreement and the Company delivers the certificates required by Section 6.2(d) of the Purchase Agreement.
There is no residual value to be allocated to the equity component of the First Tranche Debentures.
The Company granted Paradigm 1,462,697 agent warrants relating to the 20,895,674 private placement of First Tranche Units and 596,143 agent warrants relating to the placement of 8,516,326 First Tranche Subscription Receipts.