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 means $4,000,000 ($4,050,000 in the event of an extension to the First Tranche Payment Due Date, as provided in this Agreement).
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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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Examples of Second Tranche Payment in a sentence

  • Effective as of the date of such Second Tranche Payment Notice, the Purchasers shall become the holders of record of their respective shares of such Minimum Number of the Second Tranche of Purchased Stock and Parent shall promptly issue and deliver, or cause to be issued and delivered, to the Purchasers certificates representing such shares.

  • 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.

  • In the event of the failure by Buyer to make the Second Tranche Payment in full, Sellers shall be entitled to exercise its pledge security interest over the Shares pursuant to the terms of the Share Pledge Agreement.

  • On the Second Closing Date, Buyer shall directly wire the Second Tranche Payment to the Onshore Escrow Account.

  • The aggregate purchase price of the Secondary Yield Enhancement Shares to be purchased by Buyer on the Second Tranche Payment Date shall be equal to $1,000 (the “Second Yield Enhancement Payment”).

  • The interest shall accrue from the date of payment of the First Tranche Payment until the date of the payment of the Second Tranche Payment.

  • Each of the First Tranche Payment, the Second Tranche Payment and the Third Tranche Payment are referred to herein as a “Tranche Payment.” Each Tranche Payment will be made as and when set forth below.

  • While there will be some cost associated with implementing on a PAA basis, that cost in and of itself may not be significant as it is fairly similar to what FA does today (cost TBD).

  • Within thirty (30) days after a Pre-Trigger Option Exercise Notice, each Purchaser shall deliver to Parent, as agent for the Selling Stockholders, by wire transfer in the same manner as the payments made pursuant to Section 1.7(a) or by wire transfer as otherwise requested in writing by Parent, an amount equal to the Second Tranche Payment multiplied by such Purchaser's Purchaser Percentage.

  • The aggregate purchase price of the Secondary Promissory Note and Secondary Warrants to be purchased by Buyer on the Second Tranche Payment Date shall be equal to $2,500,000 (the “Second Note Payment”).


More Definitions of Second Tranche Payment

Second Tranche Payment shall have the meaning set forth in Article 2.4(b).
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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 has the meaning given to that term in Clause 3.2;
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Second Tranche Payment shall have the meaning set forth in Section 2.6(c).
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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.

  • 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.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

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

  • 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%).

  • 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).

  • 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.