Examples of Original Tranche in a sentence
If the number of Shares of the New Tranche to be issued on conversion is not an integral number of Shares, the Company may at its discretion issue fractional new Shares or return the surplus arising to the Shareholder seeking to convert Shares of the Original Tranche.
Otherwise no conversion fees will be charged in respect of any such conversion except in the case of conversion from one currency to another and provided that swing pricing may apply to, the issue of Shares in the New Tranche, or to the redemption of Shares in the Original Tranche.
Shares may be exchanged on a Dealing Day, in both the Original Tranche and the New Tranche, upon notice given not later than the earlier of the Redemption Cut-Off Time for the Original Tranche or the Subscription Cut-Off Time for the New Tranche and be dealt with at the Net Asset Value per Share on the relevant Dealing Day, as set out in the relevant Supplement.
In the event that an exchange request is received after the relevant cut-off times as mentioned above, such request will be effected on the following Dealing Day in both the Original Tranche and the New Tranche.
The general provisions and procedures relating to redemptions of shares of the Original Tranche and subscriptions for Shares of the New Tranche will apply to any conversion of Shares.
However, in the case where the New Tranche and the Original Tranche are subject to different settlement periods, dealing in the New Tranche or the Original Tranche with the shorter settlement period may be deferred to a later Dealing Day so that the settlement date for the subscription matches the settlement date for the redemption.
The general provisions and procedures relating to redemptions of Shares of the Original Tranche and subscriptions for Shares of the New Tranche will apply to any conversion of Shares.
Borrower shall have paid in cash, substantially simultaneously with the making of Additional Tranche 5 Term Loans and the conversion by amendment of Original Tranche 5 Term Loans, to the Administrative Agent for the account of all Original Tranche 5 Lenders all accrued and unpaid interest on the Original Tranche 5 Term Loans, in each case, to, but not including, the Amendment Date.
The Committee shall consider matters which are not proper subjects to be 16 processed through the grievance procedure, including the improvements of patient care 17 and nursing practice.
Shares may be exchanged on any Dealing Day, upon notice given not later than the earlier of the cut-off time for redemptions for the Original Tranche or the cut-off time for subscriptions for the New Tranche, as set out in the relevant Supplement.