Subsequent Tranche definition

Subsequent Tranche means increments of $250,000.

Subsequent Tranche has the meaning set forth in Section 4.8(a).

Subsequent Tranche means a principal amount of no less than US $500,000 and no more than US $2,500,000, as selected by the Borrower; subject to an aggregate limit of US $2,500,000.

Examples of Subsequent Tranche in a sentence

• In furtherance thereof, in the event Borrower has repaid all Conversion Eligible Tranches pursuant to the terms of this Note, it shall have no further obligations to deliver any Installment Amount to Lender unless and until any Subsequent Tranche that was not previously a Conversion Eligible Tranche becomes a Conversion Eligible Tranche pursuant to the terms of this Note.

• For the avoidance of doubt, a Conversion Eligible Tranche may be converted in whole or in part at any time subsequent to the first date on which such Subsequent Tranche becomes a Conversion Eligible Tranche.

• Lender’s right to convert any portion of any of the Subsequent Tranches is conditioned upon Lender’s payment in full of the Investor Note corresponding to such Subsequent Tranche (upon the satisfaction of such condition, such Subsequent Tranche becomes a “Conversion Eligible Tranche”).

• The obligations of the Purchaser hereunder in connection with a Closing of the Subsequent Tranche are subject to the conditions set for the Section 2.2(c) being satisfied or waived; provided that, in addition to the foregoing conditions, the Company shall have provided to the Purchaser written confirmation that the FDA shall have approved the IND for the Company’s Phase 1a clinical trials (the “First Milestone”).

• Subsequent Tranche G performance calculation periods with respect to any such Tranche G capital account will begin on the first day of each subsequent calendar year following the initial Tranche G performance calculation period.

More Definitions of Subsequent Tranche

Subsequent Tranche has the meaning set forth in Clause 2.1.3.

Subsequent Tranche shall have the meaning set forth in Clause 3.

Subsequent Tranche means any extension of the Loan under the terms of the Purchase Agreement made after the date hereof.

Subsequent Tranche means those Preference Shares issued subsequent to the First Tranche;

Subsequent Tranche shall have the meaning ascribed to such term in Section 2.1.2.2.

Subsequent Tranche means each tranche of the MEF Contribution Committed requested up to a maximum of five (or any higher number if expressly agreed by the Parties), subsequent to the First Tranche, to be paid into the BoI FoF Account pursuant to a Written Request, and in an amount (i) not lower than the amount of MEF Contributions Paid being disbursed to Final Recipients and used for Management Fees until the date of such Written Request, or (ii) equal to the MEF Contribution Committed available to be paid, in case the MEF Contribution Committed is not sufficient to cover the minimum specified in (i) above.

Subsequent Tranche means any of the Subsequent Tranches;