Second Tranche definition

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.

Second Tranche means the balance of the proceeds of the Loan remaining in the Loan Account after the utilization of the First Tranche, to be withdrawn pursuant to and subject to the provisions of paragraph 5 of Schedule 3 to this Loan Agreement.

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

Examples of Second Tranche in a sentence

• The Company and the Bookrunner will determine, in their absolute discretion, the allocation of Placing Shares between First Tranche Placing Shares and Second Tranche Placing Shares.

• Michael Jones resigned from his position as CEO and the remaining 29,285 DSUs (the "Second Tranche DSUs") expired unexercised.

• The first type of bonds with a principal amount of RMB2,100,000,000 (the “Type I of the Second Tranche Issue”) is repayable on 24 October 2021.

• In addition to the periodic reviews, a Program review shall take place prior to the Second Tranche release.

• Assuming all the First Tranche Warrants and Second Tranche Warrants are exercised, the aggregate number of 52,500,000 Warrant Shares and Consideration Shares comprise approximately 18.42% of the Company’s issued share capital of 285,068,122 Shares as at the date of this announcement and approximately 15.55% of the Company’s enlarged issued share capital of 337,568,122 Shares.

More Definitions of Second Tranche

Second Tranche is defined in Section 2.1.1(a)(ii).

Second 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 Second Performance Hurdle;

Second Tranche means the Tranche of the proceeds of the Credit allocated to Category (2) in the table set forth in paragraph 1 of Schedule 1 to this Agreement;

Second Tranche means the balance of the proceeds of the Grant remaining in the Grant Account after the utilization of the First Tranche, to be withdrawn pursuant to and subject to the provisions of paragraph 5 of Schedule 2 to this Grant Agreement;

Second Tranche means, at any time, (a) during the Second Tranche Availability Period, the aggregate amount of the Second Tranche Note Purchase Commitments at such time and (b) thereafter, the aggregate principal amount of the Second Tranche Notes of all Second Tranche Purchasers outstanding at such time.

Second Tranche has the meaning set forth in the Recitals.

Second Tranche has the meaning given to that term under section 2.1;