Grant Tranche definition

Grant Tranche means an amount disbursed or to be disbursed from any Grant.
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Grant Tranche means an amount disbursed or to be disbursed from any Grant. «Implementing Structure» means the structure in the Partner Co- untry that implements a sub-project under the Country Housing Project as further described in Article 4 below.
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Examples of Grant Tranche in a sentence

  • April 15, 2021 would be an Achievement Date that results in an additional 25% of the First Grant Tranche Target Shares becoming Eligible Shares (equal to (x) the 50% of the First Grant Tranche Target Shares that corresponds to the $15.00 Company Stock Price Target minus (y) the 25% of the First Grant Tranche Target Shares that had previously become Eligible Shares).

  • If a Change in Control occurs prior to the Vesting Date of a Grant Tranche and Participant satisfies the Service Condition through the date of the Change in Control, then the following rules will apply.

  • Firm Scheme having reached Practical Completion (or in respect of a Single Claim Scheme, having reached Completion) by the Capital Firm Scheme Completion Date, the Grant Recipient may apply to Homes England for the Practical Completion Tranche Grant (or in respect of a Single Claim Scheme the Total Grant Tranche) payable in respect of that Capital Firm Scheme to be paid to it (the PC Claim).

  • February 15, 2021 would be the first Achievement Date, which would result in 25% of the First Grant Tranche Target Shares becoming Eligible Shares.

  • The actual number of Shares subject to each Grant Tranche that will vest will be determined based upon the achievement of Company Stock Price Target(s) during the applicable Measurement Period and the satisfaction of the applicable service‑based vesting conditions, all in accordance with this Exhibit B.

  • Such Eligible Shares would vest (a) in full on the Vesting Date of the First Grant Tranche (February 15, 2022) subject to Participant satisfying the Service Condition through such date, or (b) to the extent provided under Sections 4 or 5.

  • If the Target Shares are not evenly divisible into the three Grant Tranches, then any fractional number of Target Shares that would otherwise be allocated to a Grant Tranche shall be allocated to the next Grant Tranche, until the fractional number of Target Shares sum to a whole Target Share.

  • Save for Total Grant Tranche, Homes England may at its absolute discretion vary from time to time the percentages attributed to any Tranche in respect of a Firm Scheme save that, no such variation will take effect in relation to any Tranche which has already been paid except for clerical updates to the percentages attributed to any such Tranche solely resulting from the inclusion of any Additional Tranche ▇▇▇▇▇ paid pursuant to Clauses 14.5 (Grant Claim Procedures) and 14.6 (Grant Claim Procedures).

  • The Partner Country undertakes to provide to the CEB, prior to the disbursement of the last Grant Tranche under any Grant Agreement, an expenditure verification report provided by an external auditor whereby such auditor shall have been chosen and such report shall potpore NPSZ-u u obliku izvješća o napretku.

  • Reporting on expenditure shall be expressed in EUR or, sho- uld payments be made in any other currency, reporting on expenditure shall be expressed in local currency and conver- ▇▇▇ into EUR at the exchange rate of the date of conversion of the corresponding Grant Tranche into local currency.