Tranche II definition

Tranche II means the advances pursuant to Section 2.1(a)(ii).
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Tranche II is defined in Section 2.1.2(a).
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Tranche II has the meaning given it in Section 2.1.
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Examples of Tranche II in a sentence

  • Subject to Section 8 and unless terminated as hereinafter provided, the Option shall become exercisable with respect to 20% of the Tranche I Option Shares, 20% of the Tranche II Option Shares and 20% of the Tranche III Option Shares on each of the first five anniversaries of the Date of Grant if Optionee shall have remained in the continuous employ of the Company or any Subsidiary as of each such date.

  • The notice shall also state whether Optionee is exercising Tranche I Option Shares, Tranche II Option Shares or Tranche III Option Shares pursuant to such notice.

  • Except as provided in subsection 2.17(b) or 2.18, each payment (including each prepayment) by the Borrower on account of principal of and interest on the Revolving Credit Loans, Tranche I Term Loans or Tranche II Term Loans shall be made pro rata among the Lenders according to the respective outstanding principal amounts of the Revolving Credit Loans, Tranche I Term Loans or Tranche II Term Loans then held by the Lenders.

  • Subject to the terms and conditions of this Agreement, Lender will severally (and not jointly) make a Term Loan Advance in a principal amount not to exceed its respective Tranche II Term Commitment, and Borrowers agree to draw, a Term Loan Advance of $20,000,000 on the First Amendment Effective Date (the “Tranche II Advance”).

  • The aggregate outstanding Tranche II Term Loan Advance shall not exceed the Maximum Tranche II Term Loan Amount.


More Definitions of Tranche II

Tranche II means one (1) term loan in the principal amount equal to Five Million Dollars ($5,000,000). ​
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Tranche II is a portion of the total amount of the Facility in the amount of $75,000,000.
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Tranche II means a Term Loan in principal amount of $8,000,000.
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Tranche II means such portion of the B Loan, in an aggregate principal amount of up to fifty million Dollars ($50,000,000).
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Tranche II means Five Million Dollars ($5,000,000) of the Term Loan.
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Tranche II means Four Million Five Hundred Thousand Dollars ($4,500,000) of the Term Loan. All personal property of Borrower (herein referred to as “Borrower” or “Debtor”) whether presently existing or hereafter created or acquired, and wherever located, including, but not limited to:
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Tranche II shall be in the amount of $12,325,000 and shall be used to satisfy the Centier Loan and the Bridge Loan, and to satisfy certain related transaction costs. The obligation of the Borrower to repay Tranche II shall be evidenced by and repayable in accordance with the terms of the Borrower's promissory note to the Bank, the form of which is attached hereto as Exhibit B (the "Tranche II Note").
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