Second Tranche Payment definition

Second Tranche Payment has the meaning set forth in Section 2.02(b)(ii) hereof.
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Second Tranche Payment has the meaning ascribed to such term in Section 4.2.
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Second Tranche Payment shall have the meaning set forth in Section 2.6(c).
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Examples of Second Tranche Payment in a sentence

  • Subject to the terms of the Sale and Purchase Agreement, the Second Tranche Payment and the Final Payment will only be payable on Completion Date and on or before 15 October 2013 respectively.

  • Payment of the First Tranche Payment and Second Tranche Payment shall be conditional upon the fulfilment of the Conditions Precedent.

  • The Company will procure that the Vendor shall only exercise its right to defer payment of the Second Tranche Payment by the Purchaser if the Purchaser pursuant to the Second Tranche Payment Deferment is able to produce evidence to satisfy the Vendor that he is unable to make payment of the Second Tranche Payment by 30 September 2020 due to temporary cash flow issues but would nonetheless have sufficient funds to make payment at such deferred date.

  • Completion and effect of Completion Subject to the fulfillment of the Conditions Precedent, Completion shall take place within fifteen days after the date on which the Second Tranche Payment is received by the Vendor.

  • Pursuant to the terms of the Conditional STA, the Vendor has undertaken to, inter alia, procure that the Dafang Contracts and Guangsha Contracts be terminated prior to the payment of the Second Tranche Payment or Final Payment.

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

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

  • Within fifteen days after the Second Tranche Payment, the Vendor shall actively assist the Purchaser to complete the registration of the transfer of the Sale Shares as well as the change of the directors of the Target Company in accordance with the relevant laws and regulations (if required).

  • Question 7: In relation to the Group’s receivables from LDZ Sino-Singapore Education Investment of RMB 274 million, we note that this Second Tranche Payment (as defined in the Company's circular announced on 13 June 2019), which was due on 30 September 2020, had not been paid by Mr Liu Yanwen, the Purchaser of LDZ Sino-Singapore Education Investment.

  • No Company’s shares will be issued and subject to achieving the Revised Achievement for FY2023.For FY2023, if the Target’s actual NPBT falls short of the Revised Achievement for FY2023, the Vendor shall have no right or entitlement to any payment of the Second Tranche Payment, Third Tranche Payment and the Fourth Tranche Payment.


More Definitions of Second Tranche Payment

Second Tranche Payment has the meaning given to that term in Clause 3.2;
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Second Tranche Payment means the amount payable to a Recipient identified on Exhibit I under the column headed “Second Tranche Payment”.
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Second Tranche Payment shall have the meaning set forth in Article 2.4(b).
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Related to Second Tranche Payment

  • 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.

  • 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.

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

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

  • 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.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Maturity Payment Amount shall have the meaning set forth in Section 2 of this Annex A.

  • LC Payment Date is defined in Section 2.20.5.

  • Administrative Purchase Payment means, with respect to a Payment Date and to an Administrative Receivable purchased by the Seller or the Servicer as of the end of the related Collection Period, the sum of (a) the unpaid principal balance owed by the related Obligor in respect of such Receivable and (b) interest on such unpaid principal balance at a rate equal to the APR of the related Receivable from the date of last payment by such Obligor to the last day of such Collection Period.

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

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Reinvestment Prepayment Date with respect to any Reinvestment Event, the earlier of (a) the date occurring twelve months after such Reinvestment Event and (b) the date on which the Borrower shall have determined not to, or shall have otherwise ceased to, acquire or repair assets useful in the Borrower’s business with all or any portion of the relevant Reinvestment Deferred Amount.

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

  • Delta Payment means as it is described in this Agreement.

  • Repayment Amount means the amount to be paid by the Recipient to the OPWC on each payment date of each year during the Term pursuant to the terms and conditions of the Note.

  • Loan Amount has the meaning specified in Section 7.06(b) of the Indenture.

  • 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.

  • Advance Payment means a payment that a federal awarding agency or passthrough entity makes by any appropriate payment mechanism, including a predetermined payment schedule, before the non-federal entity disburses the funds for program purposes.