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.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

First Tranche means the portion of the proceeds of the Loan to be initially withdrawn pursuant to and subject to the provisions of paragraph 5 of Schedule 3 to this Loan Agreement, in an amount not exceeding the equivalent of one million eight hundred seven thousand Special Drawing Rights (SDR1,807,000);

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

Award Period: For the First Tranche: [XX to XX]; and for the Second Tranche: [XX to [XX}.
Share Delivery Date: For the First Tranche: no later than [XX]; and for the Second Tranche: no later than [XX].
Following the First Tranche Closing, the Company may hold one or more additional closings for Additional Tranches to raise the remaining portion of the Aggregate Purchase Price until the full Aggregate Purchase Price has been raised.
The closing of the purchase and sale of the Investor Shares with respect to each Additional Tranche (each, an “Additional Tranche Closing” and, together with the First Tranche Closing, each a “Closing”) shall take place on such later date(s) as the Company and the applicable Investors mutually agree in writing, subject to the satisfaction or waiver of the conditions to Closing set forth in this Agreement (as to each Closing, the “Closing Date”).
The closing of the purchase and sale of the Investor Shares with respect to the First Tranche (the “First Tranche Closing”) shall take place on such date as the Company and the Investors participating in the First Tranche mutually agree in writing, subject to the satisfaction or waiver of the conditions to Closing set forth in this Agreement; provided, however, that unless waived in writing by the Company, such First Tranche Closing shall occur on or before ___, 2026.

More Definitions of First Tranche

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

First Tranche is defined in Section 2.1.4(a)(i).

First Tranche means the portion of the proceeds of the Loan in an amount of fifty million Dollars ($50,000,000) to be withdrawn pursuant to, and subject to, the provisions of paragraph 4 of Schedule 3 to this Loan Agreement;

First Tranche means, calculated separately for each CFD, one or more series of CFD Bonds (including refunding bonds) secured by the levy of Project Special Taxes in such CFD, the proceeds of which the Agency is obligated under this Financing Plan to use to finance Qualified Project Costs.

First Tranche means the first (or in the case of a Single Claim Scheme, only) Tranche which may be claimed once the Grant Recipient has achieved the Relevant Claim Stage; Flex Scheme means a Firm Scheme which Homes England has approved on IMS as a "CME Flex Scheme"; FOIA means the Freedom of Information ▇▇▇ ▇▇▇▇, and any subordinate legislation made under such Act from time to time together with any guidance and/or codes of practice issued by the Information Commissioner in relation to such legislation; FOIA Authority means a public authority as defined by the FOIA and/or EIR; FOIA Exemption means any applicable exemption to FOIA;

First Tranche means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the First Tranche Note Purchase Commitments at such time and (b) thereafter, the aggregate principal amount of the First Tranche Notes of all First Tranche Purchasers outstanding at such time.

First Tranche means 106,500 of the Restricted Shares (of which 35,500 shall constitute Bonus Restricted Shares), for which the Performance Condition will be satisfied upon achievement of the First Performance Hurdle;