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

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;

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

Examples of Tranche 1 in a sentence

ADB approved Tranche 1 in December 2011 and Tranche 2 in November 2012.
For the avoidance of doubt, Alcoa's Exempt Capacity is provided by Operator out of Tranche 1 Capacity in the DBNGP.
The Coordinator must publish the process the Coordinator will follow in appointing a Primary Generator Arbitrator, Secondary Generator Arbitrators and members of the Technical Panel of Experts in the event a new Primary Generator Arbitrator, Secondary Generator Arbitrator or new appointments to the Technical Panel of Experts are considered by the Coordinator to be required after the Tranche 1 Commencement Date.
Not applicable as no construction activities are underway at Tranche 1 subprojects during the reporting period.
The Company wishes to retain as much flexibility as possible to issue additional equity securities in the future without having to obtain Shareholder approval for such issues under Listing Rule 7.1. Accordingly, the Company is seeking Shareholder ratification pursuant to Listing Rule 7.4 for the issue of the Tranche 1 Placement Shares.

More Definitions of Tranche 1

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

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

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 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.