Examples of Second Tranche Units in a sentence
The "Subsequent Closing Fraction," with respect to any Subsequent Closing, is the fraction, the numerator of which is the number of the Second Tranche Units set forth in the Subsequent Closing Notice relating to such Subsequent Closing, and the denominator of which is 901,613.
The Seller is the beneficial and legal owner of record of all of the Preferred Units to be delivered by the Seller and the Seller holds such Preferred Units free and clear of all Liens, except for the GE Liens, which (i) with respect to the First Tranche Units, shall be released at the Initial Closing and (ii) with respect to the portion of the Second Tranche Units to be purchased and sold at each Subsequent Closing, shall be released at such Subsequent Closing.
Subject to the conditions set forth in this Agreement, the Purchaser shall purchase all of the Second Tranche Units in one or more (but no more than three) Subsequent Closings on or prior to March 15, 2004.
Any Second Tranche Units that are unearned as of March 10, 2009 shall continue to be unearned.
Each Subsequent Closing Notice shall specify the date of the Subsequent Closing and the number of Second Tranche Units that shall be purchased and sold at such Subsequent Closing.
The Investor has not engaged, nor is it aware that any party has engaged, and the Investor will not engage or cause any third party to engage, in any directed selling efforts1 (as such term is defined in Regulation S) in the United States with respect to the First or Second Tranche Units, the Bonus Warrants, or the Warrant Shares.
The Second Closing Notice shall set forth the number of Second Tranche Units that the Company intends to sell the Purchasers.
The Investor does not have any agreement or understanding, directly or indirectly, with any Person to distribute any of the First or Second Tranche Units or the Warrant Shares.
The remaining 1,260,572 First Tranche Units, any awarded but forfeited First Tranche Units and any First Tranche Units converted from Second Tranche Units as described in Section 4(a) above may be granted by the Administrator from time to time under the Plan.
The financial capacity of the Investor is of such proportion that the total cost of his, her or its commitment in the First and Second Tranche Units would not be material when compared with his, her or its total financial capacity.