Tranche I definition

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

Tranche I means that part of the Loan, up to the Maximum Tranche I Amount, to be advanced to the Borrowers for the purpose of financing part of the purchase price of Vessel I, or when the context permits, the amount advanced and for the time being outstanding.

Examples of Tranche I in a sentence

On 2 September 2011, 24,000,000 Shares were issued by the Company as a result of the exercise of the conversion rights attached to Tranche I Convertible Bonds (as defined in the Circular) in the principal amount of HK$12,000,000.
Tranche I is exercisable in accordance with its terms through February 23, 2026 and Tranche II is exercisable in accordance with its terms through February 23, 2027.
Vesting of additional warrants is tied to the revenue generated by Amazon and its affiliates aggregated to an amount specified in the agreement of up to a maximum of $400 for Tranche I.
On 26 November 2013, 74,200,000 Shares were issued by the Company as a result of the exercise of the conversion rights attached to Tranche I Convertible Bonds in the principal amount of HK$37,100,000.
On 22 March 2016, 30,000,000 Shares were issued by the Company as a result of the exercise of the conversion rights attached to Tranche I Convertible Bonds in the principal amount of HK$15,000,000.

Tranche I means that part of the Loan made or to be made available to the Borrowers to finance up to 65 per cent. of the Fair Market Value of Ship I.

Tranche I is defined in Section 2.1.2(a).

Tranche I means that part of the Loan to be advanced in one Drawing to the Borrower either concurrently with the Delivery Date of Vessel I or, if the relevant Collateral Owner has already purchased Vessel I from the relevant Seller, to refinance the Purchase Price of Vessel I, but in any event no later than the Availability Termination Date which shall not exceed the Maximum Sum for Vessel I in connection with the purchase of Vessel I or, where the context permits, the amount advanced and for the time being outstanding.

Tranche I means the Invitation for Application issued by M/s Indian Renewable Energy Development Agency Limited (IREDA), vide Application No. TS- 22019(11)/1/2021-IREDA, including subsequent amendments and clarifications, thereto.

Tranche I means one (1) term loan in the principal amount equal to Fifteen Million Dollars ($15,000,000).

Tranche I has the meaning set forth in Section 2.1(a).

Tranche I means that part of the Loan made or to be made available to the Borrowers in an amount not exceeding the relevant Tranche Amount to refinance the Existing Indebtedness over Ship I under Existing Agreement B or, as the case may be, the Existing Indebtedness over the relevant Substitute Ship of Ship I under the relevant Substitute Ship Existing Agreement, and for general corporate purposes or (as the context may require) the principal amount of such borrowing outstanding for the time being.