First Tranche Amount definition

First Tranche Amount means an amount in cash (funded by wire transfer of immediately available funds to a Company account designated by the Company) equal to $1,650,000.00.
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First Tranche Amount means, with respect to each metropolitan city for which an amount is allocated under subsection (b)(1), each State for which an amount is allocated under subsection (b)(2) for distribution to nonentitlement units of local government, and each county for which an amount is allo- cated under subsection (b)(3), 50 percent of the amount so allocated to such metropoli- tan city, State, or county (as applicable).
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First Tranche Amount means an original principal amount of $5,000,000.
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Examples of First Tranche Amount in a sentence

  • BE IT FURTHER RESOLVED, that funding for premium payments will be through the First Tranche Amount of the American Rescue Plan.

  • The term "First Tranche Shares" means the number of shares of Series 2 Nonvoting Preferred Stock determined by (A) dividing the First Tranche Amount by the Canadian Dollar Balance and then by (B) multiplying the resulting fractional amount (rounded to the fourth decimal place) by 149,658.

  • Horizontal red line is the mean;horizontal blue lines are 3 ∗ SD from the mean.

  • Second Tranche Amount: the Secretary shall pay to each metropolitan city for which an amount is allowed, not earlier than 12 months after the date on which the First Tranche Amount is paid to the city, State, or County.

  • Subject to the terms and conditions of this Agreement, Lender agrees to make to Borrower anadvance on the Closing Date in principal amount equal to the First Tranche Amount (the “First Tranche Term Loan”).

  • Each of the Borrower and each Lender agrees that on the Borrowing date of each Third Amendment NM Loan, the Borrower shall receive proceeds of such Loans based on a purchase price of 85.00% of the principal amount thereof (it being understood that if the Third Amendment Final Order is not entered, the Third Amendment NM Loan First Tranche Amount shall be deemed to have been issued at a purchase price of 98.00% of the principal amount thereof).

  • The term "First Tranche Amount" means the Canadian dollar equivalent of U.S. $90,000,000 using the Noon Buying Rate (as herein defined).

  • In lieu of the Final DIP Budget First Tranche Amount, and notwithstanding the definition of “Final DIP Budget Availability Date” and Sections 2.01(a)(iii) and (v), the Lenders agreed to advance to the Borrower on January 11, 2013 the Final DIP Budget Second Tranche Amount and the Additional NM Loans First Tranche Amount and on January 23, 2013 the Additional NM Loans Second Tranche Amount, subject to certain terms and conditions.

  • SECOND TRANCHE AMOUNT.—The Secretary shall pay to each metropolitan city for which an amount is allo- cated under paragraph (1), each State for which an amount is allocated under paragraph (2) for distribution to nonentitlement units of local government, and each county for which an amount is allocated under paragraph (3), the Second Tranche Amount for such city, State, or county not earlier than 12 months after the date on which the First Tranche Amount is paid to the city, State, or county.

  • The term "Second Tranche Amount" means the amount determined by subtracting the First Tranche Amount from the Canadian Dollar Balance.


More Definitions of First Tranche Amount

First Tranche Amount consisting of shares and representing one-third of the Performance Vesting Restricted Stock, shall vest on February 28, 2005 pursuant to the satisfaction of the applicable performance based metric of operating cashflow of the Covanta as set forth in the Covanta 2004 Cash Bonus Plan.
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First Tranche Amount means, with respect to each metropolitan city for which an amount is allocated under subsection (b)(1), each State for which an amount is allocated
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First Tranche Amount has the meaning assigned to such term in Section 1.2.
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First Tranche Amount consisting of 4,400 shares and representing one-third of the Performance Vesting Restricted Stock shall vest on March 17, 2007, (i) with (x) 50% of the First Tranche Amount vesting pursuant to the satisfaction of the applicable performance based metric of net cash provided by operating activities less maintenance and capital expenditures of Covanta as set forth in the 2006 Long-Term Incentive Plan Guidelines and (y) 50% of the First Tranche Amount vesting pursuant to the satisfaction of the applicable performance based metrics of adjusted earnings before interest, taxes, depreciation and amortization of Covanta as set forth in the 2006 Long-Term Incentive Plan Guidelines or (ii) pursuant to the satisfaction of such other applicable performance criteria and schedule determined by the Board or the Compensation Committee;
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First Tranche Amount consisting of shares and representing of the Performance Vesting Restricted Stock shall vest on (i) pursuant to the satisfaction of the applicable performance based metric of Free Cash Flow, as set forth in the Long-Term Incentive Plan Guidelines or (ii) pursuant to the satisfaction of such other applicable performance criteria and schedule determined by the Board of Directors of the Company (the “Board”) or the Compensation Committee of the Company’s Board of Directors (“Compensation Committee”);
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Related to First Tranche Amount

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

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Quarterly Excess Available Funds Percentage means, with respect to the July 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Funding Amount has the meaning specified in Section 3.2(a).

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

  • Tranche B has the meaning assigned in Section 2.1(c)(i).

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • First Equity Financing Price means (x) if the pre-money valuation of the Company immediately prior to the First Equity Financing is less than or equal to the Valuation Cap, the lowest price per share of the Equity Securities sold in the First Equity Financing or (y) if the pre-money valuation of the Company immediately prior to the First Equity Financing is greater than the Valuation Cap, the SAFE Price.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • LOC Committed Amount shall have the meaning set forth in Section 2.3(a).

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Class B-2 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Prepayment Percentage for such Distribution Date will be zero.

  • Tranche 2 has the meaning set forth in Section 2.2(a)(ii).

  • Quarterly Excess Spread Percentage means, with respect to the August 2008 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Issuance Amount means the aggregate Sales Price of the Shares to be sold by the Agent pursuant to any Issuance Notice.

  • Like Amount means (a) with respect to a redemption of any Trust Securities, Trust Securities having a Liquidation Amount equal to the principal amount of Notes to be contemporaneously redeemed or paid at maturity in accordance with the Indenture, the proceeds of which will be used to pay the Redemption Price of such Trust Securities, (b) with respect to a distribution of Notes to Holders of Trust Securities in connection with a dissolution of the Trust, Notes having a principal amount equal to the Liquidation Amount of the Trust Securities of the Holder to whom such Notes are distributed and (c) with respect to any distribution of Additional Interest Amounts to Holders of Trust Securities, Notes having a principal amount equal to the Liquidation Amount of the Trust Securities in respect of which such distribution is made.

  • Class B-3 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-3 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-3 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-3 Prepayment Percentage for such Distribution Date will be zero.

  • Final Payment Percentage is five percent (5.00%).

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Class B-1 Prepayment Percentage As to any Distribution Date, the percentage calculated by multiplying the Subordinated Prepayment Percentage by either (i) if any Class B Certificates (other than the Class B-1 Certificates) are eligible to receive principal distributions for such Distribution Date in accordance with Section 4.01(d), a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d) or (ii) except as set forth in Section 4.01(d)(ii), in the event that the Class B Certificates (other than the Class B-1 Certificates) are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), one.

  • Excess Available Funds Percentage means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.