Tranche 4 definition

Tranche 4 means the amount of up to [**] to be applied in payment of the delivery instalment due by the Borrower to the Builder under the Building Contract to be advanced by the Lenders on the Delivery Date by way of their Contributions thereto PROVIDED THAT the amount of this Tranche and the amounts of the other Portion 1 Tranches shall not when aggregated exceed [**] of the Contract Price;

Tranche 4 means the Equivalent Amount of the difference between the aggregate of Tranche 1, Tranche 2 and Tranche 3 in Euro and the amount of the Facility to be applied in payment of the balance of the third pre-redelivery instalment due by the Borrower to the Builder under the Building Contract and any excess thereafter in reduction of the Equity;

Tranche 4 warrant shares shall in no event be exercisable after 5:00 p.m., New York Time, November 30, 2016.

Examples of Tranche 4 in a sentence

• For the avoidance of doubt, the Tranche 4 Performance Units shall not vest if the Advent Group receives Advent Cash Amounts resulting in a MOIC of less than four (4).

• One-hundred percent (100%) of the Tranche 4 Performance Units shall become Vested Units upon the consummation of a Change in Control if the Advent Group achieves a MOIC equal to at least four (4), subject to the Participant’s continued employment with the Partnership or one of its Subsidiaries through the date of such Change in Control.

• The Tranche 1 Exercise Price, the Tranche 2 Exercise Price, the Tranche 3 Exercise Price, the Tranche 4 Exercise Price, and the Tranche 5 Exercise Price are collectively referred to herein as "Management Option Prices" and individually as a "Management Option Price".

• The Tranches (other than Tranche 2 and any part of Tranche 4 which is to be applied in reduction of the Equity) shall be paid to the Builder, Tranche 2 shall be paid to Hermes through the Hermes Agent and such part of Tranche 4 which is to be applied in reduction of the Equity shall be paid to the Borrower or its order.

• Relevant monitoring information (MI) submitted (With further payment windows in September 2025, November 2025, January 2026, and March 2026 deadlines TBC) Tranche 4 (50% of Year 2 capital allocation) Statement of Xxxxx Xxxxx (SOGU) demonstrating 80% of the Tranches 1, 2 and 3 have been committed*, AND By 2 June 2025 (if SOGU provided by 2 May) and all MI submitted to schedule.

More Definitions of Tranche 4

Tranche 4 the “fourth” segment consisting of 6,000,000 shares exercisable under the Series B Warrant as hereby amended (i.e., available warrant shares no. 12,000,001 through 18,000,000).

Tranche 4 means the Advances pursuant to Section 2.2(d).

Tranche 4 means the tranche of Commercial Bank Loans funded or to be funded with the Tranche 4 Commercial Bank Loan Commitments.

Tranche 4 means the term loan tranche deemed to be made available under this Agreement as described in Clause 2.1(d) (The Tranches).

Tranche 4 means the amount which may be drawn down by the Borrower as an Advance pursuant to a Drawdown Request and having a term of four years.

Tranche 4 has the meaning set forth in Section 2.2(a)(iv).

Tranche 4 means (i) those shares of Common Stock actually issued to Cayman 4 and Cayman 5 pursuant to Section 5.2.1(c) of the Option Agreement and (ii) those shares of Common Stock actually issued pursuant to the exercise of those Warrants exercisable on May 31, 2012.