First Tranche Grant definition

First Tranche Grant means subject to Condition 6.5 such sum as is equivalent to thirty five per centum (35%) of the Firm Scheme Grant; FOIA means the Freedom of Information Xxx 0000, and any subordinate legislation made under such Act from time to time together with any guidance and/or codes of practice issued by the Information Commissioner in relation to such legislation;
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First Tranche Grant means such sum as is equivalent to fifty per centum (50%) of the Firm Scheme Grant; Flexible Dwelling means an Affordable Dwelling to be occupied on Flexible Product Terms;
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First Tranche Grant means subject to Condition 5.3 such sum as is equivalent to fifty per centum (50%) of the Named Project Grant or such other percentage agreed by GLA through OPS;
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Examples of First Tranche Grant in a sentence

  • Project having reached the relevant First Payment Date and, where such Named Project is an Estate Regeneration Project, the Estate Regeneration Funding Condition having been satisfied, the Grant Recipient may apply to the GLA for the First Tranche Grant payable in respect of that Named Project to be paid to it.

  • Named Project having reached the First Payment Date, the Lead Partner may apply to the GLA for the First Tranche Grant payable in respect of that Named Project to be paid to it.

  • Project having reached the relevant First Payment Date, the Grant Recipient may apply to the GLA for the First Tranche Grant payable in respect of that Named Project to be paid to it.

  • Homes England may at its absolute discretion vary the percentages attributed to the Acquisition Tranche Grant, the First Tranche Grant and/or the Second Tranche Grant from time to time save that no such variation will take effect in relation to a Firm Scheme which has been confirmed as such by Homes England pursuant to Condition 6.1 and in relation to which any Tranche has already been paid.

  • Project having reached the relevant First Payment Date and, where such Named Project is an Estate Regeneration Project, the Funding Condition having been satisfied, the Grant Recipient may apply to the GLA for the First Tranche Grant payable in respect of that Named Project to be paid to it.

  • Homes England shall (resources permitting) pay the Acquisition Tranche Grant, First Tranche Grant, the Second Tranche Grant or the Total Grant Sum (as applicable) to the Grant Recipient within ten (10) Business Days of receipt of a relevant satisfactory application.

  • Subject to: Homes England (acting reasonably) being satisfied with the Grant Recipient’s application for payment including the information warranted pursuant to Conditions 9.2, 9.4, 9.6 and 9.8; and Conditions 11.3, 11.4, 12 and 37.1, Homes England shall (resources permitting) pay the Acquisition Tranche Grant, First Tranche Grant, the Second Tranche Grant or the Total Grant Sum (as applicable) to the Grant Recipient within ten (10) Business Days of receipt of a relevant satisfactory application.


More Definitions of First Tranche Grant

First Tranche Grant means subject to Condition 5.4 (Firm Schemes) and Condition
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First Tranche Grant means such sum as is equivalent to fifty per centum (50%) of the Firm Scheme Grant;
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Related to First Tranche Grant

  • 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.

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Tranche 2 means the amount of [**] to be applied in payment of the third pre-delivery instalment due by the Borrower to the Builder under the Building Contract to be advanced by the Lenders on a Drawdown Date by way of their Contributions thereto;

  • Tranche 1 January 1, 2015 through December 31, 2015, which is allotted 25% of the Target Award,

  • Optional Purchase Percentage means 5%.

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • First Equity Financing Price means (x) if the pre-money valuation of the Company immediately prior to the First Equity Financing is less than or equal to the Valuation Cap, the lowest price per share of the Equity Securities sold in the First Equity Financing or (y) if the pre-money valuation of the Company immediately prior to the First Equity Financing is greater than the Valuation Cap, the SAFE Price.

  • Tranche A has the meaning assigned in Section 2.1(c)(i).

  • Tranche C means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche C Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche C” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche C Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.

  • First Trade Date means the First Trade Date as specified in § 1 of the Product and Underlying Data.

  • VWAP Purchase Share Percentage means, with respect to any particular VWAP Purchase Notice pursuant to Section 1(c) hereof, the percentage set forth in the VWAP Purchase Notice which the Buyer will be required to buy as a specified percentage of the aggregate shares traded on the Principal Market during normal trading hours up to the VWAP Purchase Share Volume Maximum on the VWAP Purchase Date subject to Section 1(c) hereof but in no event shall this percentage exceed thirty percent (30%) of such VWAP Purchase Date’s share trading volume of the Common Stock on the Principal Market during normal trading hours.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • Accelerated Purchase Share Percentage means, with respect to an Accelerated Purchase made pursuant to Section 2(b) hereof, thirty percent (30%).

  • Third Closing Date has the meaning set forth in Section 2.2(c).

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Single Tranche means the amount of the Financing allocated to the category entitled “Single Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Tranche C Lender means a Lender with a Tranche C Commitment or an outstanding Tranche C Term Loan.

  • Initial Optional Purchase Date The first Distribution Date following the date on which the Aggregate Loan Balance is less than 10.00% of the Cut-off Date Balance.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Incremental Facility Closing Date has the meaning set forth in Section 2.14(d).

  • First Trading Date means 15 November 2022.

  • Class B-2 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Prepayment Percentage for such Distribution Date will be zero.

  • Class B-1 Prepayment Percentage As to any Distribution Date, the percentage calculated by multiplying the Subordinated Prepayment Percentage by either (i) if any Class B Certificates (other than the Class B-1 Certificates) are eligible to receive principal distributions for such Distribution Date in accordance with Section 4.01(d), a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d) or (ii) except as set forth in Section 4.01(d)(ii), in the event that the Class B Certificates (other than the Class B-1 Certificates) are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), one.

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche B Maturity Date means May 8, 2009, or, if such day is not a Business Day, the next preceding Business Day.