Tranche Two definition
Tranche Two has the meaning set forth in the definition of the term “Tranche”.
Tranche Two shall have the meaning set forth in Section 2.02.
Tranche Two is defined in Section 2.2(a).
Examples of Tranche Two in a sentence
All credit requested under the Credit Facility, whether under Tranche One, Tranche Two or Tranche Three, shall be made available to the Borrower contemporaneously by all of the Lenders.
Each Lender shall provide to the Borrower its Pro Rata Share of each credit, whether such credit is extended under Tranche One, Tranche Two or Tranche Three or by way of drawdown, rollover or conversion.
The Project Cost Overrun Funding shall be in full force and effect, in the amounts set out in the definition of "Project Cost Overrun Funding" and remain available to fund: (i) Project Cost Overruns; (ii) the initial funding of the Debt Service Reserve Account in accordance with Section 10.3(m); (iii) the initial funding of the Operating Reserve Account in accordance with Section 10.3(n); and (iv) prior to the Tranche Two PCOF Funding Date, Permitted PCOF Usage.
More Definitions of Tranche Two
Tranche Two means the Additional Book Eligible Recipients referred to as Indianapolis (including for the avoidance of doubt, Evansville) and Pensacola.
Tranche Two and “Tranche Three” each representing one-third (1/3) of the Class B-2 Units. Subject to Section 6 of this Agreement, the Executive shall become vested in the Class B-2 Units as follows:
Tranche Two has the meaning set forth in Attachment B.
Tranche Two. On February 28, 2025, the Second Tranche Purchaser shall purchase from the Seller, and the Seller shall sell and transfer to the Second Tranche Purchaser, Convertible Notes in the principal amount of $160,000.00 and Term Notes in the principal amount of $40,000.00, inclusive of all accrued but unpaid interest, for cash consideration of $200,000 (the “Second Tranche Closing”). Completion of the Second Tranche Closing is conditional upon the Issuer’s retention of all customers generating at least $50,000.00 in average monthly revenue during the period beginning on October 1, 2024 and ending on December 31, 2024 (the “Key Customers”). It is agreed that in calculating the average monthly revenue as set forth in the preceding sentence, revenue derived from gift card/digital payments and from VIP Program subscription “revenue share” shall be calculated on a net revenue basis meaning the amount of gross merchandise value/sales that Issuer receives. The Second Tranche Purchaser shall have the right to terminate the Second Tranche Closing if, prior to the Second Tranche Closing, any Key Customer terminates, or materially reduces the scope, volume, or terms of, such Key Customer’s business relationship with the Issuer, or, in the discretion of the Second Tranche Purchaser, if any of the foregoing is reasonably likely to occur (the “Retention Condition”).
Tranche Two means the second capital raising of $1,250,000 of B Shares in Central Assets.
Tranche Two means 15,000 (as equitably adjusted for any Recapitalization) Preferred Stock Shares, which shall be issued in one or several certificates on the Original Issuance Date pro rata to all Holders, and keep as separate certificates at all times without being combined at any time with any other Tranches. The Holders shall further provide the Corporation prompt written notice of any changes in the Preferred Stock Certificates subject to Tranche Two.
Tranche Two has the meaning given in Exhibit 4-A, Section 3.1. “Transition Milestone” has the meaning given in Section 4.2(b). “Transition Period” means the period that commences on the Supplement Effective Date and expires 12:00:01 a.m., Eastern Time, on the date specified for the completion of the Transition Services as specified in the Transition Plan, unless expressly extended in writing by Ascension Health. “Transition Plan” has the meaning given in Section 4.2(a). “Transition Principles” means, collectively, Sections 1 and 2 of Exhibit 15. “Transition Services” has the meaning given in Section 4.2(a). “Transitioned Employee” has the meaning given in Exhibit 13, Section 1.1. “United States Department of Commerce Safe Harbor Principles” means the safe harbor principles issued by the United States Department of Commerce. “Unused Service” has the meaning given in Exhibit 4-A, Section 2.3. “Upgrade” and its derivatives means updates, renovations, enhancements, additions and/or new versions or releases of Software or Equipment by Supplier. Unless otherwise agreed, financial responsibility for the costs, fees and expenses associated with an Upgrade of Software or Equipment shall be allocated between the Parties in accordance with the MPSA or as set forth in the applicable Supplement. “Upper Bound” has the meaning given in Exhibit 4-B, Section 6(f). “Vendor Service” has the meaning given in Exhibit 4-A, Section 8.2(i). “Weighted Score” has the meaning given in Exhibit 4-B, Section 6(e). “Welfare Plans” has the meaning given in Exhibit 13, Section 2.5(b). “Workaround Period” has the meaning given in Section 20.3(d). “Work Order(s)” has the meaning given in Section 1.1(b). AMENDED AND RESTATED MASTER PROFESSIONAL SERVICES AGREEMENT between Ascension Health and Accretive Health, Inc. EXHIBIT 2-A DEPENDENT SERVICES