First Tranche Payment definition

First Tranche Payment has the meaning set forth in Section 2.02(b)(i) hereof.
Sample 1Sample 2
First Tranche Payment has the meaning given to that term in Clause 3.2;
Sample 1
First Tranche Payment means the amount payable to a Recipient identified on Exhibit I under the column headed “First Tranche Payment”.
Sample 1

Examples of First Tranche Payment in a sentence

  • By means of the Financial Consideration Letter of Guarantee, the Eligible Institution/s must be irrevocably and unconditionally committed that they will render the said amount of the Financial Consideration available to the Candidate on the Financial Consideration Payment Date or on the Financial Consideration First Tranche Payment Date (whichever applies), in case has been declared Preferred Investor.

  • In case of a Financial Offer comprising of Financial Consideration Tranches, the First Financial Consideration Tranche, to be paid on the Financial Consideration First Tranche Payment Date, must be equal to at least 50% of the total nominal value of the Financial Consideration, while the Financial Consideration Tranches cannot be more than five (5) annual installments in total.

  • It is intended that (i) the Huizhou First Tranche Payment will be funded by the Group’s internal resources, and (ii) the Huizhou Acquisition Consideration Balance (and the relevant interests) will be funded mainly by the Group’s internal resources, and depending on the then financial position of the Purchaser, by bank borrowings (if needed, the bank borrowings will be negotiated about three months in advance from the payment date of the Huizhou Acquisition Consideration Balance).

  • It is intended that (i) the Huizhou First Tranche Payment will be funded by the Group’s internal resources, and (ii) the Huizhou Acquisition Consideration Balance (and the relevant interests) will be funded mainly by the Group’s internal resources, and depending on the then financial position of Guangdong Land Shenzhen, by bank borrowings (if needed, the bank borrowings will be negotiated about three months in advance from the payment date of the Huizhou Acquisition Consideration Balance).

  • Further details of the Purchaser’s obligations under the SPA to make payment of the Deposit, the First Tranche Payment and the Consideration and Interest thereon are set out in Section 4.2 of this Circular.

  • Both the First Tranche Payment and the Second Tranche Payment shall be paid in Hong Kong dollar in Hong Kong.

  • It is intended that (i) the Jiangmen First Tranche Payment and the Sale Loan Consideration will be funded by the Group’s internal resources, and (ii) the Jiangmen Equity Consideration Balance (and the relevant interests) will be funded mainly by the Group’s internal resources, and depending on the then financial position of the Purchaser, by bank borrowings (if needed, the bank borrowings will be negotiated about three months in advance from the payment date of the Jiangmen Equity Consideration Balance).

  • Coupled with cash flow constraints, the Company protracted on the payment on the First Tranche Payment.

  • Payment of the First Tranche Payment and Second Tranche Payment shall be conditional upon the fulfilment of the Conditions Precedents (as defined below).

  • Completion Completion of the Equity Transfer Agreement shall take place on the date (the “Completion Date”) of settlement of the First Tranche Payment after the Equity Transfer Agreement becomes effective.


More Definitions of First Tranche Payment

First Tranche Payment shall have the meaning set forth in Article 2.3(c).
Sample 1

Related to First Tranche Payment

  • First Tranche means the amount of the Loan allocated to the category entitled “First Tranche” in the table set forth in Part B of Section II 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.

  • 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.

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

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Prepayment Percentage As of the Closing Date, approximately 0%, and thereafter, with respect to any Distribution Date, the excess of 100% over the Senior Prepayment Percentage.

  • Final Payment Percentage is five percent (5.00%).

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Tranche 2 has the meaning set forth in Section 2.2(a)(ii).

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

  • Quarterly Excess Spread Percentage means, with respect to the August 2008 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Participation Amount as defined in Section 3.4(b).

  • Principal Prepayment Amount For any Distribution Date and for any Loan Group, the sum with respect to the Mortgage Loans in such Loan Group of (i) Curtailments received during the Prior Period from such Mortgage Loans and (ii) Payoffs received during the Payoff Period from such Mortgage Loans.

  • LC Payment Date is defined in Section 2.20.5.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

  • Net Aggregate Prepayment Interest Shortfall With respect to any Distribution Date, the amount, if any, by which (a) the aggregate of all Prepayment Interest Shortfalls incurred in connection with the receipt of Principal Prepayments on the Mortgage Loans during the related Due Period, exceeds (b) the aggregate amount deposited by the Master Servicer in the Certificate Account for such Distribution Date pursuant to Section 3.19 in connection with such Prepayment Interest Shortfalls.

  • Maximum Aggregate Purchase Price has the meaning assigned to such term in the Pricing Side Letter.