First Tranche Bonds definition
First Tranche Bonds has the meaning given to it in Recital (A).
Examples of First Tranche Bonds in a sentence
With effect from the date of this Agreement, and subject to the satisfaction of the conditions precedent set out in Clause 3.1(a) (Conditions Precedent to First Tranche Closing), the Initial Subscriber undertakes to the Issuer that, subject to and in accordance with the terms and conditions of this Agreement, it will subscribe for the First Tranche Bonds in the principal amount of €22,500,000 on the First Tranche Closing Date at the Subscription Price (less any Agreed Expenses).
Any such amount shall be deducted by the Initial Subscriber from the Subscription Price for the First Tranche Bonds in accordance with the terms of the Amended and Restated Subscription Agreement.