Tranche Sample Clauses

Tranche. 5 Advance. Subject to the terms and conditions of this Agreement and the achievement of the Revenue Milestone, Borrower may request, and the Lenders shall severally (and not jointly) make, in each case on or prior to the earlier of (i) December 15, 2025 or (ii) sixty (60) days following the achievement of the Revenue Milestone, additional Term Loan Advances in an aggregate principal amount up to Forty Million Dollars ($40,000,000), in minimum draws of at least Ten Million Dollars ($10,000,000) (or if less than Ten Million Dollars ($10,000,000), the remaining amount of Term Loan Advances available to be drawn pursuant to this Section 2.2(e)) (each, a “Tranche 5 Advance”); provided that Borrower shall not be permitted to request more than two (2) Tranche 5 Advances in total. (f)
Tranche. 1 Performance Units. One-hundred percent (100%) of the Tranche 1 Performance Units shall become Vested Units upon the consummation of a Change in Control if the Advent Group achieves a MOIC equal to at least two (2), subject to the Participant’s continued employment with the Partnership or one of its Subsidiaries through the date of such Change in Control. For the avoidance of doubt, the Tranche 1 Performance Units shall not vest if the Advent Group receives Advent Cash Amounts resulting in a MOIC of less than two (2).
Tranche. D1 will only be used by the Borrower for the financing of Project Construction Costs;
Tranche. The term
Tranche. Number of Units subject to Tranche Vesting Date New Distribution Date 1 Maximum of Units
Tranche. 36 Transaction............................................................... 36
Tranche the respective facility and commitments utilized in making Loans hereunder, with there being one Tranche on the Effective Date, i.e., Initial Term Loans. Each Class of Loans or Commitments shall constitute a separate Tranche hereunder. Additional Tranches may be added after the Effective Date pursuant to Section 2.1.5, 2.1.6 or 15.1.6.