First Tranche definition

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.

First Tranche has the meaning assigned to that term in Section 2.1.

First Tranche means 413,666 of the Restricted Shares, for which the Performance Condition will be satisfied upon achievement of the First Performance Hurdle;

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.

• There is no residual value to be allocated to the equity component of the First Tranche Debentures.

• 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.

• Each First Tranche Unit consists of one common share (each a “Common Share”) and one-half of one common share purchase warrant (each whole warrant a “First Tranche Warrant”).

More Definitions of First Tranche

First Tranche means the portion of the proceeds of the Loan in an amount not exceeding the equivalent of SDR 27,076,000 to be initially withdrawn and utilized;

First Tranche means the portion of the proceeds of the Loan in an amount in various currencies equivalent to seven million nine hundred seventy-seven thousand Special Drawing Rights (SDR7,977,000) to be withdrawn pursuant to and subject to the provisions of paragraph 4 of Schedule 3 to this Loan Agreement;

First Tranche means the Notes Payable issued to the Purchasers in an aggregate principal amount of $100.0 million on March 18, 2022.

First Tranche means the Tranche (as hereinafter defined) of the proceeds of the Credit allocated to Category (1) in the table set forth in paragraph 1 of Schedule 1 to this Agreement;

First Tranche has the meaning set forth in Section 4.8(a).

First Tranche is defined in Section 2.1.1(a).

First Tranche means the portion of the proceeds of the Loan in an amount not exceeding $100 million to be initially withdrawn and utilized pursuant to and subject to the provisions of paragraph 5 of Schedule 3 to this Loan Agreement;