Subsequent Tranche definition

Subsequent Tranche means increments of $250,000.

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Subsequent Tranche shall have the meaning set forth in Section 2.2(a).

Subsequent Tranche has the meaning set forth in Section 4.8(a).

Examples of Subsequent Tranche in a sentence

• Lender’s right to convert any portion of any of the Subsequent Tranches is conditioned upon Lender’s payment in full of the Investor Note corresponding to such Subsequent Tranche (upon the satisfaction of such condition, such Subsequent Tranche becomes a “Conversion Eligible Tranche”).

• In furtherance thereof, in the event Borrower has repaid all Conversion Eligible Tranches pursuant to the terms of this Note, it shall have no further obligations to deliver any Installment Amount to Lender unless and until any Subsequent Tranche that was not previously a Conversion Eligible Tranche becomes a Conversion Eligible Tranche pursuant to the terms of this Note.

• Each Subsequent Tranche of the Time-Vesting RSUs shall be settled in an equal number of shares of Common Stock within 30 days following the applicable vesting date.

• The Seller’s maximum aggregate liability pursuant to Section 5.1(a) and Section 5.1(b) shall not exceed the total aggregate amount of the Closing Date Consideration (at the Per Share value) and, to the extent actually paid by the Buyer, any Subsequent Tranche Closing Date Consideration (at the Per Share value) and any Contingent Payments.

• Neither Seller nor any ERISA Affiliate of Seller has any liability or contingent liability with respect to the Employee Plans, nor will any of the Acquired Assets be subject to any lien, charge or claim relating to the obligations of Seller with respect to employees or Employee Plans.

More Definitions of Subsequent Tranche

Subsequent Tranche has the meaning set forth in Clause 2.1.3.

Subsequent Tranche means a principal amount of no less than US $500,000 and no more than US $2,500,000, as selected by the Borrower; subject to an aggregate limit of US $2,500,000.

Subsequent Tranche means the tranches of the Notes after the first tranche.

Subsequent Tranche means any payment made by the European Commission after disbursement of Tranche 1.

Subsequent Tranche means each tranche of the MEF Contribution Committed requested up to a maximum of five (or any higher number if expressly agreed by the Parties), subsequent to the First Tranche, to be paid into the BoI FoF Account pursuant to a Written Request, and in an amount (i) not lower than the amount of MEF Contributions Paid being disbursed to Final Recipients and used for Management Fees until the date of such Written Request, or (ii) equal to the MEF Contribution Committed available to be paid, in case the MEF Contribution Committed is not sufficient to cover the minimum specified in (i) above.

Subsequent Tranche shall have the meaning given in Recital C; Swiss Withholding Tax shall mean the tax imposed based on the Swiss Federal Act on Withholding Tax of 13 October 1965 (Bundesgesetz über die Verrechnungssteuer) together with the related ordinances, regulations and guidelines; Tax shall mean any tax, levy, impost, duty or other charge or withholding of a similar nature (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same) imposed by any jurisdiction, government, state or agency of a state; Agreement for the Issuance and Subscription of Convertible Notes 9 Tax Deduction shall mean a deduction or withholding for or on account of Tax from a payment (in cash or in kind) under this Agreement or the Warrant Agreement;

Subsequent Tranche means additional energy storage