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 means the portion of the proceeds of the Loan in an amount not exceeding sixteen million eight hundred and thirty eight thousand Special Drawing Rights (16,838,000 SDR) to be initially withdrawn and utilized pursuant to and subject to the provisions of paragraph 5 of Schedule 3 to this Loan Agreement;

First Tranche means the portion of the proceeds of the Loan in an amount not exceeding the equivalent of $250,000,000 to be initially withdrawn and utilized;

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.

More Definitions of First Tranche

First Tranche means 106,500 of the Restricted Shares (of which 35,500 shall constitute Bonus Restricted Shares), for which the Performance Condition will be satisfied upon achievement of the First Performance Hurdle;

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 is defined in Section 2.1.1(a).

First Tranche means the portion of the proceeds of the Loan in an amount not exceeding the equivalent of one hundred ten million Dollars ($110,000,000) to be withdrawn pursuant and subject to the provisions of paragraph 5 of Schedule 3 to this Loan Agreement;

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

First Tranche means the portion of the proceeds of the Grant in an amount not exceeding twenty million Dollars ($20,000,000) to be initially withdrawn pursuant to, and subject to, the provisions of paragraph 5 of Schedule 2 to this Grant Agreement;