Examples of Second Tranche Amount in a sentence
Subject to the consummation of the USU Acquisition and the other conditions specified herein, Lender agrees to make to Borrower an advance on or before the Second Tranche Commitment Termination Date in principal amount up to the Second Tranche Amount (the “Second Tranche Term Loan”, and together with the First Tranche Term Loan, collectively, the “Term Loans”, and each, a “Term Loan”).
The Investor shall not be required to pay any portion of the Second Tranche Amount until a non-appealable decision has been made.
In case of issuance of the Second Tranche Closing Share, all shares held by the Investor shall be deemed to have effective price per share equal to the total amount of the Purchase Price and the Second Tranche Amount divided by the total number of shares purchased by the Investor.
In order to register the resale of ordinary shares issuable upon conversion of the convertible note under the Second Tranche and underlying the Second Warrant to be issued in connection with the funding of the Second Tranche Amount under your convertible note, the investor must be irrevocably bound to fund the Second Tranche Amount and acquire the Second Warrant at a set price that is not based on the market price and there can be no conditions to closing that are within the investor's control.
Accordingly, please revise to remove the ordinary shares issuable upon conversion of the convertible note under the Second Tranche and underlying the Second Warrant to be issued in connection with the funding of the Second Tranche Amount under your convertible note.