Tranche 2 definition

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

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Tranche 2 means SEK 70,000,000.

Tranche 2 means the amount of [**] to be applied in payment 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;

Examples of Tranche 2 in a sentence

• Lender shall fund the Tranche 2 Commitment in the aggregate amount of Four Million Five Hundred Thousand Dollars ($4,500,000) upon Borrower’s request for a Tranche 2 Loan during the period commencing on the Tranche 2 Start Date and ending on the Tranche 2 End Date, so long as Borrower has satisfied the Tranche 2 Milestone prior to the time of submission of the Tranche 2 Loan request.

• If the Seller exercises such option to cancel the Tranche 2 Closing, then upon the closing of such Change of Control, all obligations set forth in Section 3.7(a)(i) above shall terminate, and the Seller shall have no obligation to sell, transfer, assign or convey to the Buyer, and the Buyer shall have no obligation to purchase, acquire or accept the Tranche 2 Incremental Revenue Participation Right.

• So long as a Material Breach is not continuing or uncured, then following such notice the Buyer shall promptly (and in any event within ten (10) Business Days following such notice) pay to the Seller the Tranche 2 Purchase Price (the “Tranche 2 Closing”).

• For the avoidance of doubt, if, notwithstanding the Seller’s delivery of a Tranche 2 Cancellation Notice, such Change of Control does not occur for any reason, then Section 3.7(a)(i) shall continue in full force and effect in accordance with its terms, including the obligation to consummate the Tranche 2 Closing upon the occurrence of the Tranche 2 Trigger.

• If the Tranche 2 Closing has not occurred, the Seller shall have the option (but not the obligation), by irrevocable written notice to the Buyer (the “Tranche 2 Cancellation Notice”) at least three (3) Business Days prior to the consummation of such Change of Control, to elect to cancel the Tranche 2 Closing.

More Definitions of Tranche 2

Tranche 2. January 1, 2015 through December 31, 2016, which is allotted 25% of the Target Award, and

Tranche 2 means an anticipated placing of Ordinary Shares proposed to take place within 180 days of completion of Admission, consisting of the US IPO and any concurrent Exempt Placement;

Tranche 2 means, in respect of any Financial Year in which Tranche 1 is $500,000,000 (or, with respect to any Financial Year for which Tranche 1 is Prorated, such Prorated amount), the Adjusted Global Net Income less the sum of (i) the Sempra Member Group’s Unallocated Preferred Return, plus (ii) the RBS Member Group’s Unallocated Preferred Return, plus (iii) the Sempra Member Group’s Preferred Return, plus (iv) the RBS Member Group’s Preferred Return, plus (v) Tranche 1, and in respect of any Financial Year in which Tranche 1 is less than $500,000,000 (or, with respect to any Financial Year for which Tranche 1 is Prorated, such Prorated amount), $0;

Tranche 2 means the Bonds with ISIN SE0013281904, initially allocated to Sentica as part of the Restructuring.

Tranche 2 the “second” segment consisting of 4,000,000 shares exercisable under the Series B Warrant as hereby amended (i.e., available warrant shares no. 2,000,001 through 6,000,000).

Tranche 2 means the Equivalent Amount of the amount of the Hermes Premium payable by the Borrower to Hermes through the Hermes Agent on issue of the Hermes Cover;

Tranche 2 warrant shares shall in no event be exercisable after 5:00 p.m., New York Time, March 31, 2016.