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”).