Tranche 2 Notice definition

Tranche 2 Notice means a written notice from the Company to the Purchasers that the Company will issue and sell the Tranche 2 Shares (defined below) at the Tranche 2 Closing (defined below), which notice shall (x) be distributed by the Company (if applicable) promptly following the occurrence of the Tranche 2 Milestone and (y) state the Tranche 2 Per Share Price (defined below).
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Tranche 2 Notice means a written notice delivered by the Company to the Purchaser following the good faith determination by a majority of the independent directors of the Board that the Company needs the proceeds from the sale of the Tranche 2 Common Shares for liquidity purposes.
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Tranche 2 Notice has the meaning set forth in Section 2.1(a).
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Examples of Tranche 2 Notice in a sentence

  • The DIP Secured Parties consent to the Debtors’ use of up to Two Hundred Fifty Thousand Dollars ($250,000) in cash to pay any work fees of potential lenders prior to the Tranche 2 Notice Deadline (or thereafter if the Lead Lender shall have given a Tranche 2 Non-Funding Notice).

  • The Debtors are authorized to explore potential sources of Alternative DIP Financing, including by contacting potential lenders and providing access to due diligence materials, prior to the Tranche 2 Notice Deadline.

  • Condition to the commitment of Tranche 2:(a) the technical, environmental and social due diligence has been completed in a manner satisfactory to the Bank and Tranche 2 Environmental and Social Action Plan (“ESAP”) has been agreed; and(b) the Bank has delivered the Tranche 2 Notice to the Borrower.

  • The number of consecutive dry days may decrease by 10 to 15 per cent in winter, and increase by 15 to 25 per cent in summer, particularly in areas east of the Danube.


More Definitions of Tranche 2 Notice

Tranche 2 Notice has the meaning set forth in Section 4.01.
Sample 1
Tranche 2 Notice means the Board’s written notice to an Investor stating (a) that all of the Call Conditions to a Subsequent Closing are either satisfied or waived (other than conditions which, by their nature, are to be satisfied on the Subsequent Closing Date) and (b) the amount of such Tranche 2 Cash Investment to be made by such Investor. For the avoidance of doubt, no Tranche 2 Notice shall be valid unless the Investor to which such Tranche 2 Notice is delivered shall have requested such Tranche 2 Notice in accordance with the terms and conditions set forth in the Investment Agreement.
Sample 1

Related to Tranche 2 Notice

  • Commitment Increase Notice has the meaning assigned to such term in Section 2.19.

  • Activation Notice have the meanings ascribed thereto in Annex C.

  • Non-Extension Notice Date has the meaning specified in Section 2.03(b)(iii).

  • Increase Notice is defined in Section 2.19.

  • Tranche B Term Commitment as to any Tranche B Term Lender, the obligation of such Tranche B Term Lender to make an Initial Tranche B Term Loan to the Borrower in the principal amount set forth under the heading “Tranche B Term Commitment” opposite such Tranche B Term Lender’s name on Schedule 2.1 to this Agreement. The aggregate principal amount of the Tranche B Term Commitments as of the Closing Date is $1,025,000,000.

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

  • Tranche A Term Commitment as to any Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to the Borrower on the Incremental Facilities Closing Date in a principal amount not to exceed the amount set forth under the heading “Tranche A Term Commitment” opposite such Lender’s name on Schedule 1.1A. The original aggregate amount of the Tranche A Term Commitments is $20,000,000.

  • Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Tranche C Term Loan Commitment means the commitment of a Lender to make a Tranche C Term Loan to Company pursuant to subsection 2.1A(iii), and "Tranche C Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Incremental Loan Request has the meaning set forth in Section 2.14(a).

  • Class Notice means the COURT APPROVED NOTICE OF CLASS ACTION SETTLEMENT AND HEARING DATE FOR FINAL COURT APPROVAL, to be mailed to Class Members in English in the form, without material variation, attached as Exhibit A and incorporated by reference into this Agreement.

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • Initial Term Loan Repayment Amount shall have the meaning provided in Section 2.5(b).

  • Term Loan Commitment Termination Date means the earliest to occur of (a) the Amendment No. 9 Effective Date, (b) the date the Term Loan Commitments are permanently reduced to zero pursuant to 2.01(b) and (c) the date of the termination of the Term Loan Commitments pursuant to Section 9.01.

  • Incremental Term Commitments has the meaning set forth in Section 2.14(a).

  • Maturity Date Extension Request means a request by the Borrower, in the form of Exhibit G hereto or such other form as shall be approved by the Administrative Agent, for the extension of the Maturity Date pursuant to Section 2.20.

  • Tranche C Term Loan as defined in Section 2.1.

  • Extension Request has the meaning provided in Section 2.20(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Tranche of Incremental Term Loans, each date on which Incremental Term Loans of such Tranche are incurred pursuant to Section 1.01(c) and as otherwise permitted by Section 1.14.

  • Incremental Term Maturity Date means, with respect to Incremental Term Loans of any Series, the scheduled date on which such Incremental Term Loans shall become due and payable in full hereunder, as specified in the applicable Incremental Facility Agreement.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Tranche A Term Loan Commitment means the commitment of a Lender to make a Tranche A Term Loan to Company pursuant to subsection 2.1A(i), and "Tranche A Term Loan Commitments" means such commitments of all Lenders in the aggregate.

  • Non-Extension Notice has the meaning specified in Section 2.10.

  • Extension Notice has the meaning specified in Section 308.