Tranche 3 definition

Tranche 3 means the Equivalent Amount of up to [**] being the amount of [**] of the Contract Price to be applied in payment of the second 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 3 has the meaning set forth in Section 2.2(a)(iii).

Tranche 3 means SEK 65,000,000 minus Transaction Costs.

Examples of Tranche 3 in a sentence

• With respect to the First Advance of Tranche 3, DOE shall have completed its review and related consultations under NEPA with respect to the Guaranteed Loan and the Duquesne Project Site.

• With respect to the First Advance of Tranche 3, receipt by DOE of: (A) an updated Phase I Environmental Site Assessment for the Duquesne Project Site, covering the Real Property within such Project Site; and (B) any and all updated Phase I Environmental Site Assessments relating to the Real Property within the Duquesne Project Site when prepared for the Borrower or any third party (so long as the Borrower has the right to obtain any such Phase I Environmental Site Assessment prepared for a third party).

• Each Lender’s obligation to make the Tranche 3 Term Loan shall terminate immediately and without further action on the earlier of (a) the applicable Borrowing Date after giving effect to the making of the Tranche 3 Term Loan on such Borrowing Date (if made) or (b) after the lapse of the applicable Draw Period set forth in the Milestone Schedule.

More Definitions of Tranche 3

Tranche 3. January 1, 2015 through December 31, 2017, which is allotted 50% of the Target Award.

Tranche 3 means the Bonds with ISIN SE0013281920, initially allocated to certain management members of the Group as part of the Restructuring.

Tranche 3 the “third” segment consisting of 6,000,000 shares exercisable under the Series B Warrant as hereby amended (i.e., available warrant shares no. 6,000,001 through 12,000,000).

Tranche 3 warrant shares shall in no event be exercisable after 5:00 p.m., New York Time, July 31, 2016.

Tranche 3 and “Tranche 4”) and the number of Shares that the Participant may earn from each tranche, if any, with respect to the applicable Performance Period for the tranche, is determined by the schedule below, with each Performance Share Unit capable of earning one Share at target performance (50th percentile): 90th percentile or above 200 % 70th percentile 150 % 50th percentile 100 % 30th percentile 50 % Below 30th percentile 0 % * For any amounts calculated under this Section 3 that fall between two percentiles set forth in the left column above that are between the 90th percentile and the 30th percentile, the percentage of the number of Shares that the Participant earns under the Performance Share Units for the applicable Performance Period shall be interpolated in a straight line between the two relevant percentiles. If the Company’s TSR is negative for the applicable Performance Period, the Percentage of Target Performance Share Units Earned for that Performance Period shall be capped at no greater than 100%.

Tranche 3 means the Advance pursuant to Section 2.2(c).

Tranche 3 means the amount which may be drawn down by the Borrower as an Advance pursuant to a Drawdown Request and having a term of three years.