Initial Tranche means the first Tranche of a Series of ETP Securities issued.
Initial Tranche shall have the meaning provided in the definition of the term “Tranche.”
Initial Tranche means, if the Securities of a Series are, in accordance with the terms of the Trust Instrument relating to such Series, to be issued in tranches, the initial tranche specified in the Trust Instrument in respect of that Series.
Examples of Initial Tranche in a sentence
Subject to the Orders, compliance with the procedures and terms set forth in Section 2.03 and the conditions set forth in Section 4.01, the DIP Fronting Creditor and each Specified Initial DIP Creditor, severally, but not jointly, agrees to make Initial Tranche A Loans (the “Initial Term Loans”) to the Company on the Closing Date, in a single draw denominated in Dollars in an amount not to exceed the aggregate amount set forth in the definition of “Initial Term Loan Commitment”.
More Definitions of Initial Tranche
Initial Tranche means, in respect of a particular Series of Certificates, the first Tranche of Certificates of that Series to be issued under the Programme;
Initial Tranche means the first Tranche of a Series of ETI Securities issued.
Initial Tranche means the first tranche of the EW CDs Due 2022;
Initial Tranche has the meaning set forth in Section 2.1.
Initial Tranche means the Tranche of up to $48,700,000 made or (as the context may require) to be made available to the Borrower for the purpose of assisting the Borrower in advancing intra-Group loans to the Initial Owners for the refinancing in full of the existing Indebtedness of the Initial Owners secured on the Initial Ships;