Third Tranche definition

Third Tranche means the uncommitted tranche of additional Notes Payable in an aggregate amount of up to $150.0 million, which was available until March 31, 2024, subject to the satisfaction of certain conditions set forth in the Note Purchase Agreement.

Third Tranche has the meaning set out in subsection 4.3(c);

Third Tranche means 18,000 of the Restricted Shares, for which the Performance Condition will be satisfied upon achievement of the Third Stock Price Hurdle;

Examples of Third Tranche in a sentence

• On the Third Tranche Closing Date, subject to mutual consent of the parties, and subject to the satisfaction of the terms and conditions set forth herein, the Company agrees to sell, and the Investor agrees to purchase, an aggregate of up to $3,000,000 of Principal Amount of the Third Tranche Note (or such lesser amount as the parties may mutually agree) and Warrants.

• The Investor shall deliver to the Company, via wire transfer, immediately available funds equal to the Investor’s Subscription Amount as to the Third Tranche Closing as set forth on the signature page hereto executed by the Investor, and the Company shall deliver to the Investor its Note and a Warrant, as determined pursuant to Section 2.2(a), and the Company and the Investor shall deliver the other items set forth in Section 2.2 deliverable at the Third Tranche Closing.

• For each of the Second Tranche Closing and the Third Tranche Closing, the Investor shall deposit 40% of the applicable Subscription Amount into the DACA Account, subject to the terms and conditions of the Transaction Documents.

• Upon satisfaction of the covenants and conditions set forth in Sections 2.2 and 2.3, but only to the extent the Company shall also previously complied with all Transaction Documents prior to and as of the Third Tranche Closing Date, the Third Tranche Closing shall occur at the offices of Xxxxx Xxxxxx or such other location as the parties shall mutually agree, or shall take place remotely by electronic transfer of applicable Transaction Documents.

More Definitions of Third Tranche

Third Tranche means 650,000 of the Restricted Shares, for which the Performance Condition will be satisfied upon achievement of the Third Performance Hurdle; and

Third Tranche means the balance of the proceeds of the Loan remaining in the Loan Account after the utilization of the First Tranche and the Second Tranche, to be withdrawn pursuant to and subject to the provisions of paragraph 7 of Schedule 3 to this Loan Agreement;

Third Tranche has the meaning given to that term in Article 2.2.1 (Tranches).

Third Tranche means 106,500 of the Restricted Shares (of which 35,500 shall constitute Bonus Restricted Shares), for which the Performance Condition will be satisfied upon achievement of the Third Performance Hurdle; and

Third Tranche means 413,667 of the Restricted Shares, for which the Performance Condition will be satisfied upon achievement of the Third Performance Hurdle; and

Third Tranche means the Tranche of the proceeds of the Credit allocated to Category (3) in the table set forth in paragraph 1 of Schedule 1 to this Agreement;

Third Tranche shall have the meaning ascribed to it in the recitals hereof.