Tranche 2 definition

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;

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

Tranche 2 means SEK 70,000,000.

Examples of Tranche 2 in a sentence

• Notwithstanding anything to the contrary, Tranche 2 Revolving Credit Loans shall not be made as Revolver Adjusted Daily Simple SOFR Loans unless at the time of any applicable Borrowing or the commencement of any Interest Period in respect thereof, the applicable Revolver Adjusted Term SOFR Rate or Revolver Term SOFR Rate is not available temporarily or permanently, in which case Tranche 2 Revolving Loans may be incurred or converted to Revolver Adjusted Daily Simple SOFR Loans pursuant to Section 3.07.

• Within the limits of each Lender’s Tranche 2 Revolving Credit Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(b), prepay under Section 2.05, and reborrow under this Section 2.01(b).

• Upon funding, the Tranche 3 Term Loans shall form a single tranche of Term Loans with the Tranche 1 Term Loan and Tranche 2 Term Loans and shall be treated as one tranche hereunder in all respects.

• Tranche 2 Revolving Credit Loans may be Base Rate Loans or Revolver SOFR Loans, as further provided herein.

• By letter agreement dated December 30, 2023, the original due date was modified to the earlier of: (a) mutual agreement of the Parties, (b) when the Debt Tranche 2 is due, or (c) 60 days after Xxxxxx provides written notice to the Company demanding that the debt be repaid.

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

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