Subsequent Tranche definition

Subsequent Tranche means increments of $250,000.

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

Subsequent Tranche has the meaning set forth in Clause 2.1.3.

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”).

• Each Subsequent Tranche of the Time-Vesting RSUs shall be settled in an equal number of shares of Common Stock within 30 days following the applicable vesting date.

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

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.

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

Subsequent Tranche means the tranches of the Notes after the first tranche.

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

Subsequent Tranche shall have the meaning given in Recital C; Swiss Withholding Tax shall mean the tax imposed based on the Swiss Federal Act on Withholding Tax of 13 October 1965 (Bundesgesetz über die Verrechnungssteuer) together with the related ordinances, regulations and guidelines; Tax shall mean any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same) imposed by any jurisdiction, government, state or agency of a state; Agreement for the Issuance and Subscription of Convertible Notes 9 Tax Deduction shall mean a deduction or withholding for or on account of Tax from a payment (in cash or in kind) under this Agreement or the Warrant Agreement;

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