Examples of Second Tranche Amount in a sentence
Subject to the consummation of the USU Acquisition and the other conditions specified herein, Lender agrees to make to Borrower an advance on or before the Second Tranche Commitment Termination Date in principal amount up to the Second Tranche Amount (the “Second Tranche Term Loan”, and together with the First Tranche Term Loan, collectively, the “Term Loans”, and each, a “Term Loan”).
The term 'Second Tranche Amount' means, with respect to each metropolitan city for which an amount is allocated under subsection (b)(1), each State for which an amount is allocated under subsection (b)(2) for distribution to nonentitlement units of local government, and each county for which an amount is allocated under subsection (b)(3), an amount not to exceed 50 percent of the amount so allocated to such metropolitan city, State, or county (as applicable).
The parties agree that, as of July 15, 2010, Xxxxxxxx shall be deemed to have delivered to Company a Xxxxxxxx Notice to acquire additional shares of Common Stock at a price per share of $1.25 for an aggregate purchase price of $2,000,000, in satisfaction of a portion of the Second Tranche Amount.
Notwithstanding the foregoing, in order to exercise any Xxxxxxxx Rights with respect to the Second Tranche Amount or the Third Tranche Amount, Xxxxxxxx must deliver to Company one or more Xxxxxxxx Notices with respect to such exercise or exercises on or before July 15, 2016.
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