Third Tranche Amount definition

Third Tranche Amount means an amount in cash (funded by wire transfer of immediately available funds to a Company account designated by the Company) equal to $3,250,000, subject to adjustment as provided herein.
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Third Tranche Amount consisting of _____________ shares and representing ________ of the Performance Vesting Restricted Stock, shall vest on ________, (i) pursuant to the satisfaction of the applicable performance based metric of Free Cash Flow, as set forth in the ____ Long-Term Incentive Plan Guidelines or (ii) pursuant to the satisfaction of such other applicable performance criteria and schedule determined by the Board or the Compensation Committee.
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Third Tranche Amount means 200% of the amount that ADA-ES and the ECP Members reasonably determine on the SPA Pricing Date, to be the expected Net Proceeds that will be received by ADA-ES in the ECP PIPE Financing, increased by the amount of Net Proceeds from Other Financings actually received by ADA-ES, if any, through and including the date of the ECP PIPE Financing.
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More Definitions of Third Tranche Amount

Third Tranche Amount means the lower of (i) two million five hundred thousand Swiss Francs (CH F 2,500,000) (or 50% of such amount in the event that there has been a reduction of Tranche size in accordance with Clause 2.2) and (ii) an amount equal to 70% of the market value of the 5,000,000 Shares held by the Issuer in treasury (created previously out of the Issuer's authorized capital (referred to in Clause 5.2(a)(vi)), plus any Shares remaining out of the Issuer's conditional share capital (reserved for rights granted to third parties or shareholders in connection with Rights Bearing Obligations (as such term is defined in Article 4b of the Issuer's articles of association) that have not yet been used for the purpose of the conversion of the Convertible Notes issued pursuant to the First Tranche, in each case determined by reference to the 5-Trading Day VWAP per Share as of December 28, 2020 for the purpose of settling outstanding Convertible Notes minus the sum of the principal amount of outstanding Convertible Notes from the First Tranche and the Second Tranche (rounded down to the nearest CHF 10,000) (or 50% of such amount in the event that there has been a reduction of Tranche size in accordance with Clause 2.2); Trading Day shall have the meaning set forth in the Terms; Tranche shall have the meaning set forth in recital C;
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Related to Third Tranche Amount

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • First Tranche means the amount of the Loan allocated to the category entitled “First Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche 2 has the meaning set forth in Section 2.2(a)(ii).

  • Maximum Incremental Amount means, at any time, the sum of (a) $1,400.0 million minus the Dollar Equivalent amount (measured at the time of incurrence) of New Term Loans, New Revolving Commitments and Permitted Alternative Incremental Facilities Debt previously established or incurred in reliance on this clause (a) plus (b) the aggregate Dollar Equivalent amount (measured at the time of prepayment or reduction) of Term Loans and Revolving Commitments outstanding on the Closing Date (or established pursuant to clause (a) above) that are optionally prepaid or optionally reduced (other than with the proceeds of long-term Indebtedness (other than borrowings under any revolving credit facility) and other than Revolving Commitments replaced with New Revolving Commitments) following the Closing Date and on or prior to such time (and, in the case of any prepayment of Term Loans pursuant to Section 2.08(d), based on the Dollar Equivalent amount (measured at the time of each applicable prepayment) expended by the Borrowers pursuant to such Section 2.08(d) and not the principal amount) plus (c) an unlimited amount so long as, in the case of this clause (c) only, on a pro forma basis (including the application of proceeds therefrom but excluding any increase in cash and cash equivalents and treating any New Revolving Commitments established pursuant to this clause (c) as fully drawn and all Permitted Alternative Incremental Facilities Debt incurred pursuant to this clause (c) as secured by Liens whether or not actually secured (but without giving effect to any substantially simultaneous incurrence of any New Term Loans, New Revolving Commitments or Permitted Alternative Incremental Facilities made pursuant to the foregoing clauses (a) and (b))), the Consolidated Secured Debt Ratio would not exceed 3.00 to 1.00 (it being understood that the Borrowers shall be deemed to have used amounts under clause (c) (to the extent compliant herewith) prior to utilization of amounts under clause (a) or (b)).

  • LOC Committed Amount shall have the meaning set forth in Section 2.3(a).

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Tranche 1 January 1, 2015 through December 31, 2015, which is allotted 25% of the Target Award,

  • Maximum Revolving Amount At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

  • Incremental Amount has the meaning specified in Section 2.14(a).

  • Tranche A has the meaning assigned in Section 2.1(c)(i).

  • Maximum Revolving Advance Amount means $30,000,000.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Advance Amount means with respect to Class A Advances, the Class A Advance Amount and, with respect to Class B Advances, the Class B Advance Amount.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • Term Percentage as to any Term Lender at any time, the percentage which such Lender’s Term Commitment then constitutes of the aggregate Term Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender’s Term Loans then outstanding constitutes of the aggregate principal amount of the Term Loans then outstanding).

  • Fixed Incremental Amount shall have the meaning assigned to such term in the definition of “Maximum Incremental Facilities Amount”.

  • Final Payment Percentage is five percent (5.00%).

  • Available Incremental Amount has the meaning specified in Section 2.14(4)(c).