Tranche B Growth Capital Advance definition

Tranche B Growth Capital Advance is defined in Section 2.1.1(a).
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Tranche B Growth Capital Advance means an advance under the Growth Capital Line of Three Million Dollars ($3,000,000).
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Tranche B Growth Capital Advance or “Tranche B Growth Capital Advances” means any Growth Capital Advances(s) made under Tranche B.
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Examples of Tranche B Growth Capital Advance in a sentence

  • For the avoidance of doubt, if Silicon Valley Bank fully funds both the Tranche B Growth Capital Advance and the Tranche C Growth Capital Advance, the total number of Additional Shares shall equal 317,460.

  • During the Tranche C Draw Period, Borrower may request and Bank shall make one (1) Growth Capital Advance under Tranche C, in an amount equal to Two Million Dollars ($2,000,000) (the “Tranche C Growth Capital Advance”, and together with the Tranche A Growth Capital Advance and the Tranche B Growth Capital Advance, each a “Growth Capital Advance” and collectively, the “Growth Capital Advances”).

  • This Warrant shall be exercisable for the Initial Shares, plus, (i) upon the funding of the Tranche B Growth Capital Advance (as defined in the Loan Agreement), pursuant to the Loan Agreement, the Tranche B Additional Shares (as applicable), and (ii) upon the funding of the Tranche C Growth Capital Advance (as defined in the Loan Agreement), pursuant to the Loan Agreement, the Tranche C Additional Shares (as applicable).

  • This Warrant shall be exercisable for the Initial Shares, plus, upon Silicon Valley Bank making the first Tranche B Growth Capital Advance (as defined in the Loan Agreement) to the Company pursuant to the Loan Agreement, the Additional Shares.

  • During the Tranche C Draw Period, Co-Borrowers may request one (1) Growth Capital Advances under Tranche C, in a principal amount equal to Five Million Dollars ($5,000,000) (the “Tranche C Growth Capital Advance” and together with the Tranche A Growth Capital Advance and the Tranche B Growth Capital Advance, each a “Growth Capital Advance” and collectively, the “Growth Capital Advances”).

  • Subject to the satisfaction of the terms and conditions set forth in this Agreement, there shall be two (2) Growth Capital Advances, the Tranche A Growth Capital Advance and the Tranche B Growth Capital Advance.

  • See Section 1.7 Type/Series of Stock: Series D Preferred Warrant Price: $2.1457 per share Series D price Issue Date: Funding Date of first Tranche B Growth Capital Advance Expiration Date: 10 years after Funding Date of first Tranche B Growth Capital Advance See also Section 5.1(b).

  • As used herein, the “Tranche B Additional Shares” means a number of Shares equal to the quotient of (a) the product obtained by multiplying (I) the aggregate principal amount of each Tranche B Growth Capital Advance made by Silicon Valley bank to the Company, by (II) 2.75%, divided by (b) the Warrant Price.

  • Borrower may request the Tranche B Growth Capital Advance at any time from the Tranche B Availability Date through the Tranche B Availability End Date.

  • All unpaid principal and accrued interest is due and payable in full on the Growth Capital Maturity Date with respect to the Tranche B Growth Capital Advance.

Related to Tranche B Growth Capital Advance

  • Tranche C Loan means an extension of credit by a Lender to TFA under Article II. Except as provided in Section 2.16(c), Tranche C Loans shall be denominated in Australian Dollars.

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Tranche A Advance means an Advance made by a Bank under Tranche A.

  • Term Advance has the meaning specified in Section 2.01(a).

  • Tranche C Term Loan as defined in Section 2.1.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Tranche B Term Loan as defined in Section 2.1.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Tranche C Term Loan Commitment means, with respect to each Tranche C Term Loan Lender, the commitment of such Lender to make Tranche C Term Loans under the Tranche C Term Loan Incremental Facility Agreement.

  • Term Loan Amount means with respect to any Term Loan Lender, the amount equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Term A Loan is defined in Section 2.2(a)(i) hereof.

  • Term A Loan Commitment means, as to each Lender, its obligation to make its portion of the Term A Loan to the Borrower pursuant to Section 2.01(c), in the principal amount set forth opposite such Lender’s name on Schedule 2.01. The aggregate principal amount of the Term A Loan Commitments of all of the Lenders as in effect on the Closing Date is $675,000,000.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Term Loan Commitment Amount means, with respect to each Lender, the sum of such Lender’s Term Loan Tranche 1 Commitment Amount and Term Loan Tranche 2 Commitment Amount.

  • Tranche B Term Loan Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan to the Borrower hereunder in a principal amount equal to the amount set forth on Schedule 1.01(b) (or in the case of any Continuing Tranche B Term Loan Lender, the amount of its Existing Tranche B Term Loan continued as a Tranche B Term Loans (as specified in its Term Loan Lender Addendum) pursuant to Section 2.01(b)(i).

  • Term Loan Repayment Date shall have the meaning assigned to such term in Section 2.09.

  • Net advance amount means the gross advance amount less the aggregate amount of the actual and estimated transfer expenses required to be disclosed under section 3(e).

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

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • Tranche B Note means a promissory note of the Borrower payable to any Tranche B Lender and its registered assigns, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit A-3 hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Tranche B Loans made by such Lender to the Borrower.

  • Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.