First Tranche definition

First Tranche means the amount of the Loan allocated to the category entitled “First Tranche” in the table set forth in Part B of Schedule 1 to this Agreement.

First Tranche means the portion of the proceeds of the Loan in an amount not exceeding the equivalent of three million four hundred fifty-eight thousand five hundred Special Drawing Rights (SDR 3,458,500) to be initially withdrawn and utilized;

First Tranche means the Notes Payable issued to the Purchasers in an aggregate principal amount of $100.0 million on March 18, 2022.

Examples of First Tranche in a sentence

• For purposes of illustration and without limitation, if the First Stock Price Hurdle has not been achieved as of the date on which the Average Closing Stock Price equals the Second Stock Price Hurdle, then as of such date, both the First Tranche and the Second Tranche shall become earned.

• First Tranche Later of (i) the first anniversary of the Date of Xxxxx and (ii) the next Regular Vesting Date after the First Stock Price Hurdle is achieved, subject to the Participant’s continued Services through such date.

• First Tranche 120% of Beginning Stock Price ($[__]) (“First Stock Price Hurdle”) Second Tranche 140% of Beginning Stock Price ($[__]) (“Second Stock Price Hurdle”) Third Tranche 160% of Beginning Stock Price ($[__]) (“Third Stock Price Hurdle”) Once a Stock Price Hurdle is achieved, each lower Stock Price Hurdle will be deemed to have been achieved even if an Average Closing Stock Price equal to the lower Stock Price Hurdle has not independently occurred.

More Definitions of First Tranche

First Tranche means 413,666 of the Restricted Shares, for which the Performance Condition will be satisfied upon achievement of the First Performance Hurdle;

First Tranche has the meaning assigned to that term in Section 2.1.

First Tranche means the portion of the proceeds of the Loan in an amount not exceeding the equivalent of SDR11,269,000 to be initially withdrawn and utilized;

First Tranche has the meaning set forth in Section 4.8(a).

First Tranche is defined in Section 2.1.1(a)(i).

First Tranche means the portion of the proceeds of the Loan in an amount not exceeding the equivalent of one hundred ten million Dollars ($110,000,000) to be withdrawn pursuant and subject to the provisions of paragraph 5 of Schedule 3 to this Loan Agreement;

First Tranche means the Tranche (as hereinafter defined) of the proceeds of the Credit allocated to Category (1) in the table set forth in paragraph 1 of Schedule 1 to this Agreement;