Tranche 1 definition

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

Tranche 1 has the meaning set forth in Section 2.2(a)(i).

Tranche 1 means, in respect of any Financial Year, an amount equal to the lesser of (i) $500,000,000 and (ii) the Adjusted Global Net Income for such Financial Year less the sum of (w) the Sempra Member Group’s Unallocated Preferred Return, plus (x) the RBS Member Group’s Unallocated Preferred Return, plus (y) the Sempra Member Group’s Preferred Return, plus (z) the RBS Member Group’s Preferred Return; provided that, with respect to any Financial Year that is less than twelve (12) calendar months (including for purposes of calculations pursuant to Clause 13.1.3 or 16.3), the amount set forth in clause (i) of this definition shall be Prorated;

Examples of Tranche 1 in a sentence

This Warrant is subject to adjustment upon the occurrence of certain events as set forth in the Tranche 1 Warrant Agreement.
By: Name: Title: EQUINITI TRUST COMPANY, LLC as Warrant Agent By: Name: Title: The Warrant evidenced by this Warrant Certificate is a part of a duly authorized issue of Warrants to purchase a maximum of [⸱] shares of common stock issued pursuant to that certain Tranche 1 Warrant Agreement, dated as of the Issue Date (the “Warrant Agreement”), duly executed and delivered by Spirit Aviation Holdings, Inc., a Delaware corporation, and Equiniti Trust Company, LLC, as Warrant Agent (the “Warrant Agent”).
At any time following the Listing Date, any Ultimate Warrantholder of a beneficial interest in a Global Warrant Certificate may, upon request, exchange (a “Tranche 1 Global Warrant Exchange”) such beneficial interest for a beneficial interest in an equal number of Tranche 1 Warrants represented by a Tranche 1 Global Warrant Certificate (each as defined below).
Transfers of this Global Warrant Certificate shall be limited to transfers in whole, but not in part, to nominees of the Depositary or to a successor thereof or such successor’s nominee, and transfers of portions of this Global Warrant Certificate shall be limited to transfers made in accordance with the restrictions set forth in Section 6 of the Tranche 1 Warrant Agreement.
Book-Entry Warrants for an equal number of Tranche 1 Book-Entry Warrants.

Tranche 1 means the amount of [**] to be paid to the Guarantor to be applied in repayment of the loan in the same amount made by the Guarantor to the Borrower to enable the Borrower to pay part of the second pre-delivery instalment due by the Borrower to the Builder under the Building Contract to be advanced by the Lenders on a Drawdown Date by way of their Contributions thereto;

Tranche 1 means the Equivalent Amount of [**] being the difference between the Equity and the amount of the first pre-redelivery instalment due by the Borrower to the Builder under the Building Contract to be advanced on a Drawdown Date by the Lenders by way of their Contributions thereto;

Tranche 1 means the amount of [*] or the Equivalent Amount thereof to be applied in payment of the balance of the third pre-delivery instalment due by the Borrower to the Builder under the Building Contract to be advanced by the Lenders on a Drawdown Date by way of their Contributions thereto;

Tranche 1 the “first” segment consisting of 2,000,000 shares exercisable under the Series B Warrant as hereby amended.

Tranche 1 means the loan made to the Company by the Lender in separate advances in the aggregate amount of $3,000,000, as evidenced by the Original Note.

Tranche 1 warrant shares shall in no event be exercisable after 5:00 p.m., New York Time, November 30, 2015.

Tranche 1 means the Bonds with ISIN SE0013281896, initially allocated to the holders of Previous Bonds as part of the Restructuring.