Second Tranche Amount definition

Second Tranche Amount means an amount in cash (funded by wire transfer of immediately available funds to a Company account designated by the Company) equal to $1,100,000.
Second Tranche Amount means, with re- spect 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 allo- cated under subsection (b)(3), an amount not to exceed 50 percent of the amount so allo- cated to such metropolitan city, State, or county (as applicable).
Second Tranche Amount means an original principal amount of up to $5,000,000.

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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More Definitions of Second Tranche Amount

Second Tranche Amount has the meaning set forth in Section 2.1(b).
Second Tranche Amount has the meaning assigned to such term in Section 1.2.
Second Tranche Amount means an amount in cash (funded by wire transfer of immediately available funds to a Company account designated by the Company) equal to the lesser of (i) $1,880,000 and (ii) an amount which, together with the First Tranche Amount, would create an aggregate Principal Amount following the funding of the Second Tranche equal to 25% of the Market Capitalization on the Trading Day immediately following the date the registration statement registering all of the Conversion Shares issuable under this Note and the Warrant Shares issuable under the Warrants shall have been declared effective. For the avoidance of doubt, it is acknowledged that, based on the Market Capitalization on the required date for funding the Second Tranche Amount, the Second Tranche Amount could be $0.
Second Tranche Amount means an amount in cash (funded by wire transfer of immediately available funds to a Company account designated by the Company) equal to $915,000.00.
Second Tranche Amount consisting of shares and representing of the Performance Vesting Restricted Stock, shall vest on , (i) pursuant to the satisfaction of the applicable performance based metric of Free Cash Flow, as set forth in the ___Long-Term Incentive Plan Guidelines or (ii) pursuant to the satisfaction of such other applicable performance criteria and schedule determined by the Board or the Compensation Committee; and
Second Tranche Amount means an amount in cash (funded by wire transfer of immediately available funds to a Company account designated by the Company) equal to the lesser of (i) $4,700,000, or (ii) an amount which, together with the First Tranche Amount, would create an aggregate Principal Amount following the funding of the Second Tranche equal to 20% of the Market Capitalization on the Trading Day immediately following the date the registration statement registering all of the Conversion Shares issuable under this Note (assuming a conversion price equal to the Floor Price) and the Warrant Shares issuable under the Warrants shall have been declared effective. For the avoidance of doubt, it is acknowledged that, based on the Market Capitalization on the required date for funding the Second Tranche Amount, the Second Tranche Amount could be $0. Notwithstanding that the provisions of clause (ii) of this definition would, at the applicable time, require that the Second Tranche Amount be less than $4,700,000, the Holder may, in its discretion and on written notice to the Company, elect to fund up to the full $4,700,000 amount of the Second Tranche Amount.
Second Tranche Amount means the amount of Cash Consideration less the First Tranche Amount.