Equity Tranche definition

Equity Tranche means a notional tranche for the purposes of calculating the Pick Up Amount only, with an initial subordination of 0 (zero) per cent. and a tranche width of 2 per cent. as at the Effective Date.
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Examples of Equity Tranche in a sentence

  • Notwithstanding anything to the contrary contained herein, if the April Equity Tranche is not received by the Company, the Loan Parties shall not fail to take any commercially reasonable action reasonably requested by either the Administrative Agent or the FILO Agent to minimize certain potential liabilities of the Company and its Subsidiaries as a result of the Company’s failure to receive the April Equity Tranche.

  • The proceeds of the Construction Loan available to Borrower upon receipt of a Weaned Pig Unit Equity Tranche may be used by Borrower only to finance a portion of the costs of Borrower's construction (including the cost of acquiring the Construction Premises or Unit Under Construction Premises, as applicable, and the Breeding Stock), conducted in accordance with the terms of this Agreement, of a Weaned Pig Unit (whether new or a Unit Under Construction).

  • The Subscription Shares comprised in the Third Equity Tranche shall be allotted and the ADSs representing such Subscription Shares shall be issued credited as fully paid up in consideration for the issue by Mereo of Loan Note 3 to the Company.

  • The proceeds of the Construction Loan available to Borrower upon receipt of a Feeder Pig Unit Equity Tranche may be used by Borrower only to finance a portion of the costs of Borrower's construction (including the cost of acquiring the Construction Premises or Unit Under Construction Premises, as applicable, and the Breeding Stock), conducted in accordance with the terms of this Agreement, of a Feeder Pig Unit (whether new or a Unit Under Construction).

  • The Subscription Shares comprised in the First Equity Tranche were issued credited as fully paid up in consideration for the issue by Mereo of Loan Note 1 to the Company.

  • Each Feeder Pig Unit Equity Tranche and each Weaned Pig Unit Equity Tranche shall be deposited into a separate investment account at CoBank (each such CoBank investment account holding a Feeder Pig Unit Equity Tranche or Weaned Pig Unit Equity Tranche shall be referred to herein as a "CONSTRUCTION ACCOUNT").

  • Upon receipt of any Construction Loan Advance Request, CoBank shall fund the amount requested therein out of the Feeder Pig Unit Equity Tranche or Weaned Pig Unit Equity Tranche monies in the Construction Account for such Feeder Pig Unit or Weaned Pig Unit, as applicable, before advancing any of the Construction Loan Portion for such Unit.

  • The Subscription Shares comprised in the Second Equity Tranche shall be allotted and the ADSs representing such Subscription Shares shall be issued credited as fully paid up in consideration for the issue by Mereo of Loan Note 2 to the Company.

  • April Equity Tranche 133 ARTICLE VII EVENTS OF DEFAULT 1334 SECTION 7.01.

  • Borrower shall have previously provided to CoBank evidence of the receipt of equity funds constituting a Feeder Pig Unit Equity Tranche or a Weaned Pig Unit Equity Tranche, as applicable (the deposit of such equity funds into the Construction Account pursuant to Subsection 8.25.2 shall be sufficient evidence for purposes of this Subsection 8.28.2).