Second Tranche Period definition

Second Tranche Period means the calendar year ending December 31, 2005.
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Second Tranche Period has the meaning set forth in Section 5.11.
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Examples of Second Tranche Period in a sentence

  • Parent shall provide to the Surviving Corporation or the applicable business unit providing Earn-Out Products (the “Earn-Out Operating Unit”) reasonably adequate resources and reasonable support through the end of the Second Tranche Period to allow it a reasonable opportunity to operate in accordance with the operating plan attached as Schedule 1.9(g) (the “Earn-Out Operating Plan”).

  • If the Gross Profit during the Second Tranche Period is greater than or equal to the Second Tranche Floor, but less than the Second Tranche Ceiling, an Earn-Out Payment in respect of the Second Tranche Period equal to the product obtained by multiplying (i) the Second Tranche Maximum Payout, by (ii) the quotient obtained by dividing (A) the excess of Gross Profit during the Second Tranche Period over the Second Tranche Floor, by (B) the Second Tranche Difference, shall be made.

  • If Gross Profit during the Second Tranche Period is less than the Second Tranche Floor, no Earn-Out Payments shall be made in respect of the Second Tranche Period.

  • If Gross Profit during the Second Tranche Period is equal to or greater than the Second Tranche Ceiling, an Earn-Out Payment in respect of the Second Tranche Period equal to the Second Tranche Maximum Payout shall be paid in full.

  • In addition, if the cumulative EBITDA during the First Tranche Period, the Second Tranche Period and Third Tranche Period is $800,000 or more, any previously unreleased First Tranche Earnout Shares and Second Tranche Earnout Shares shall be released and delivered to the Stockholders’ Representative for distribution to the Company Holders in accordance with Section 2.08.

  • In addition, if the cumulative EBITDA during the First Tranche Period and the Second Tranche Period is $300,000 or more, any previously unreleased First Tranche Earnout Shares shall be released and delivered to the Stockholders’ Representative for distribution to the Company Holders in accordance with Section 2.08.

Related to Second Tranche Period

  • Tranche Period means, with respect to any Purchaser Interest held by a Financial Institution:

  • 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.

  • Extended Tranche has the meaning specified in Section 2.19(a).

  • VWAP Purchase Share Percentage means, with respect to any particular VWAP Purchase Notice pursuant to Section 1(c) hereof, the percentage set forth in the VWAP Purchase Notice which the Buyer will be required to buy as a specified percentage of the aggregate shares traded on the Principal Market during normal trading hours up to the VWAP Purchase Share Volume Maximum on the VWAP Purchase Date subject to Section 1(c) hereof but in no event shall this percentage exceed thirty percent (30%) of such VWAP Purchase Date’s share trading volume of the Common Stock on the Principal Market during normal trading hours.

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

  • Second Draw Period is the period commencing on December 1, 2015 and ending on the earlier of (i) January 31, 2016 and (ii) the occurrence of an Event of Default; provided, however, that the Second Draw Period shall not commence if on December 1, 2015, an Event of Default has occurred and is continuing.

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

  • Interest Period End Date means the date or dates specified as such in, or determined in accordance with the provisions of, the Final Terms and, if an Applicable Business Day Convention is specified in the Final Terms, as the same may be adjusted in accordance with the Applicable Business Day Convention or, if the Applicable Business Day Convention is the FRN Convention and an interval of a number of calendar months is specified in the Final Terms as the Interest Accrual Period, such dates as may occur in accordance with the FRN Convention at such specified period of calendar months following the Interest Commencement Date (in the case of the first Interest Period End Date) or the previous Interest Period End Date (in any other case) or, if none of the foregoing is specified in the Final Terms, means the date or each of the dates which correspond with the Interest Payment Date(s) in respect of the Instruments.

  • LIBOR Tranche means the collective reference to LIBOR Rate Loans whose Interest Periods begin and end on the same day.

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

  • Incremental Term Loan Repayment Dates means the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the applicable Incremental Term Loan Assumption Agreement.

  • Replacement Revolving Facility Effective Date shall have the meaning assigned to such term in Section 2.21(l).

  • Adjusted Pool Amount (PO Portion) With respect to any Distribution Date and Loan Group, the sum of the amounts, calculated as follows, with respect to all Outstanding Mortgage Loans of such Loan Group: the product of (i) the PO Percentage for each such Mortgage Loan and (ii) the remainder of (A) the Cut-off Date Principal Balance of such Mortgage Loan minus (B) the sum of (x) all amounts in respect of principal received in respect of such Mortgage Loan (including, without limitation, amounts received as Monthly Payments, Periodic Advances, Principal Prepayments, Liquidation Proceeds and Substitution Adjustment Amounts) and distributed to Holders of the Certificates of the Related Group on such Distribution Date and all prior Distribution Dates and (y) the principal portion of any Realized Loss (other than a Debt Service Reduction) incurred on such Mortgage Loan from the Cut-off Date through the end of the month preceding such Distribution Date.

  • Loan Repayment Date means the date a Loan is scheduled to be repaid, as confirmed pursuant to Clause 5.3(c) of this Agreement, which shall in no event be later than the earlier of (i) the date falling six (6) Months from the relevant Utilisation Date and (ii) the Facility Repayment Date.

  • Subsequent Interest Period has the meaning specified in Section 307.

  • Accelerated Purchase Share Percentage means, with respect to an Accelerated Purchase made pursuant to Section 2(b) hereof, thirty percent (30%).

  • Tranche C means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche C Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche C” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche C Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.

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

  • Second Extended Maturity Date has the meaning set forth in Section 2.10.

  • Tranche C Term Loan as defined in Section 2.1.

  • Interest Period Date means each Interest Payment Date unless otherwise specified hereon.

  • Call Option Repayment Date means the settlement date for the Call Option determined by the Issuer pursuant to Clause 10.2 (Voluntary early redemption – Call Option), Clause 10.3(d) or a date agreed upon between the Bond Trustee and the Issuer in connection with such redemption of Bonds.

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

  • Loan Year With respect to any Mortgage Loan, the one year period commencing on the day succeeding the origination of such Mortgage Loan and ending on the anniversary date of such Mortgage Loan, and each annual period thereafter.