Tranche C Shares definition

Tranche C Shares means the Shares to be issued to the Allottee pursuant to Sections 2.2(a)(iii), 2.2(b)(iii) or 2.2(c)(iii) of this Agreement, subject to the adjustment (if applicable) set forth in Section 2.7 of this Agreement.
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Tranche C Shares means a number of shares of Common Stock equal to a quotient, the numerator of which shall be an amount up to $1,000,000.00 and the denominator of which shall be an amount equal to the average closing price per share of Common Stock for the thirty (30) consecutive trading days immediately preceding the day of the Tranche C Closing less a 25% discount.
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Tranche C Shares means the Shares to be subscribed for by the Subscriber pursuant to Article 6 of this Agreement.
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Examples of Tranche C Shares in a sentence

  • The Purchaser shall provide the Company with notice, not less than 48 hours prior to the Tranche C Closing, of its decision whether to elect to purchase the Tranche C Shares at the Tranche C Closing and the amount of the Tranche C Purchase Price.

  • For the avoidance of doubt, the Company will consider issuing the Tranche A Shares, Tranche B Shares and the Tranche C Shares (as the case may be) to the Allottee as contemplated hereunder only if there is a successful IPO.

  • A maximum of one trip to the prefecture will be necessary, because the residence document will be sent directly to the home address.

  • Each Lender acknowledges and agrees that the Debt Exchange Shares (other than the Initial Tranche C Shares and the Remaining Tranche C Shares) are subject to restrictions on transfer set forth in the Investor Rights Agreement and, to the extent applicable, shall bear restrictive legends referencing such restrictions as well as typical securities law legends.

  • Reorganized CWOP may elect to exercise either of the New Tranche B and Tranche C Property Appreciation Rights on a net issue or "cashless basis" by surrendering a portion of the Tranche B Shares or Tranche C Shares, as the case may be, in payment of the applicable exercise price.

  • At the Tranche C Closing, or as soon as is reasonably practicable thereafter, the Company (or its transfer agent) shall deliver to the Purchaser a stock certificate representing the Tranche C Shares registered in the name of the Purchaser and such other documents and certificates as are required by this Agreement at the Tranche C Closing.

  • To the extent that a portion of any Subaccount is attributable to a Special Investment, with the consent of the Board, the Investment Manager may elect to be paid the deferred amount by a payment in-kind of such Subaccount’s pro rata portion of such investment or in a special series of Tranche C Shares (as defined in the Management Agreement) that will not be subject to Incentive Fees or Management Fees.

  • The Tranche C Shares were issued on 11 February 2020 at an issue price of $0.123 per Share to raise $800,000.

  • As set out in Section 5 above, the Company is seeking Shareholder ratification pursuant to Resolution 7 for the issue of 6,500,000 Shares to Acuity Capital (Tranche C Shares).

  • Unless otherwise waived in writing by the Subscriber, at Tranche A Completion, Tranche B Completion and Tranche C Completion, the Company agrees (as the case may be) to: make the Cash Payment or fax an instruction to the Company’s registered agent to issue the Tranche A Shares, Tranche B Shares and Tranche C Shares to the Subscriber together with the Company’s board resolutions approving the respective issue.


More Definitions of Tranche C Shares

Tranche C Shares has the meaning ascribed to it in the Investor Rights Agreement.
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Related to Tranche C Shares

  • Tranche C Loan has the meaning specified in Section 2.01(c).

  • Tranche C means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche C Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche C” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche C Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.

  • Tranche C Commitment means, as to each Lender, its obligation to (a) make Committed Loans to TFA pursuant to Section 2.1(c) and (b) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.1 as its “Tranche C Commitment” or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

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

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

  • Tranche B Commitment means, with respect to each Lender, the commitment, if any, of such Lender to make a Tranche B Term Loan hereunder on the Effective Date, expressed as an amount representing the maximum principal amount of the Tranche B Term Loan to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender’s Tranche B Commitment is set forth on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Tranche B Commitment, as the case may be. The initial aggregate amount of the Lenders’ Tranche B Commitments is $750,000,000.

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

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Tranche B Notes is defined in Section 1.

  • 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).

  • 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.

  • 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.

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche A Commitment means, with respect to each Lender, the -------------------- commitment, if any, of such Lender to make Tranche A Term Loans hereunder, expressed as an amount representing the maximum principal amount of the Tranche A Term Loans to be made by such Lender hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.06 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Lender's Tranche A Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Tranche A Commitment, as applicable. The initial aggregate amount of the Lenders' Tranche A Commitments is $175,000,000.

  • Tranche 1 January 1, 2015 through December 31, 2015, which is allotted 25% of the Target Award,

  • 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 A has the meaning assigned in Section 2.1(c)(i).

  • Tranche B Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Tranche B Term Loans of such Lender.

  • Tranche A Notes is defined in Section 1.

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(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 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).

  • 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.

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Term Commitment means, as to each Term Lender, its obligation to make Term Loans to the Borrower pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule 2.01 under the caption “Term Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).