Third Tranche definition

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

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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

Examples of Third Tranche in a sentence

• Should the Company exercise its discretion and opt to forgo receiving Second Tranche or Third Tranche, it shall provide the Lender written notice in accordance with Section 18 no less than three (3) business days prior to the filing and effectiveness of the Registration Statement.

• Until such time that the Company files the Registration Statement and it is declared effective, Lender shall have no obligation to fund the Second Tranche or the Third Tranche, respectively.

• Lenders’ commitment to make the Third Tranche Term Loans shall terminate upon the earlier of (i) the end of the Third Tranche Availability Period, and (ii) the date that Third Tranche Term Loan has been funded.

• The Third Tranche Options shall not become exercisable if the Third Tranche Share Price Component is not satisfied on or before the fifth anniversary of the Date of Grant.

• This Court has jurisdiction to enter this Order as it has jurisdiction over the subject matter of this action and over the Second and Third Tranche Settling Universities, Defendant University of Chicago, and Plaintiffs, including all members of the Settlement Class (defined below).

More Definitions of Third Tranche

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

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of the proceeds of the Loan remaining in the Loan Account after the utilization of the First and Second Tranches to be withdrawn, pursuant to and subject to the provisions of paragraph 7 of Schedule 3 of this Loan Agreement.

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

Third Tranche means upon mutual consent, the issuance of up to $1,500,000 in face value of Note and Warrants issuable upon the Third Tranche Closing.

Third Tranche has the meaning assigned to that term in Section 2.1.

Third Tranche means 3,000 of the Restricted Shares, for which the Performance Condition will be satisfied upon achievement of the Third Stock Price Hurdle; and

Third Tranche means, at any time, (a) during the Third Tranche Availability Period, the aggregate amount of the Third Tranche Note Purchase Commitments at such time and (b) thereafter, the aggregate principal amount of the Third Tranche Notes of all Third Tranche Purchasers outstanding at such time.