Initial Tranche means the first Tranche of a Series of ETP Securities issued.

Initial Tranche shall have the meaning provided in the definition of the term “Tranche.”

Initial Tranche means, if the Securities of a Series are, in accordance with the terms of the Trust Instrument relating to such Series, to be issued in tranches, the initial tranche specified in the Trust Instrument in respect of that Series.

Examples of Initial Tranche in a sentence

For the avoidance of doubt, the Initial Cash Purchase Price constitutes payment in full for the Initial Tranche (as defined in the Note) and Warrant #1 to Purchase Shares of Common Stock.
Any proceeds of the Initial Tranche B-3 Term Loans shall be applied on the Amendment No. 4 Effective Date to prepay in full all Existing Tranche B-2 Term Loans of Non-Consenting Existing Tranche B-2 Term Loan Lenders and Post-Closing Option Tranche B-2 Lenders.
Unless previously terminated, the Initial Tranche B-1 Commitments shall automatically terminate upon the making of the Initial Term Loans on the Closing Date, the First Amendment Effective Date, the Second Amendment Effective Date or the Third Amendment Effective Date, as applicable.
Each Amendment No. 5 Incremental Term Loan shall initially take the form of a pro rata increase in each outstanding Borrowing of Initial Tranche B-3 Term Loans on the Amendment No. 5 Effective Date.
In connection with the Initial Tranche, the Company also issued to Ms. Walsh a warrant to purchase 12,756 shares of our common stock.

More Definitions of Initial Tranche

Initial Tranche means, in respect of a particular Series of Certificates, the first Tranche of Certificates of that Series to be issued under the Programme;

Initial Tranche means the first Tranche of a Series of ETI Securities issued.

Initial Tranche shall have the meaning set forth in Section 2.1.

Initial Tranche means the first Tranche of a Class of Metal Securities issued.

Initial Tranche means the first tranche of the EW CDs Due 2022;

Initial Tranche means the Tranche of up to $48,700,000 made or (as the context may require) to be made available to the Borrower for the purpose of assisting the Borrower in advancing intra-Group loans to the Initial Owners for the refinancing in full of the existing Indebtedness of the Initial Owners secured on the Initial Ships;