Tranche 2 Notes definition

Tranche 2 Notes means the first priority senior secured convertible notes issued on the Tranche 2 Funding Date by the Borrowers to the Purchasers in the aggregate amount of the Tranche 2 Advance, as amended by the Amended and Restated Notes.

Tranche 2 Notes is defined in Section 1.

Tranche 2 Notes means the floating rate notes due 2026 in an aggregate principal amount of $11,500,000 issued by the Issuer on the Tranche 2 Issue Date which shall be consolidated and form a single series with the Tranche 1 Notes and the Tranche 2 Notes on the last day of the first Interest Period in respect of the Tranche 2 Notes.

Examples of Tranche 2 Notes in a sentence

• Notes and the Tranche 2 Notes (which, upon issue, shall be consolidated and form a single series with the Tranche 1 Notes).

• The actual number of Shares to be issued on conversion will be calculated in accordance with the conversion formula for the Tranche 2 Notes, as detailed in Schedule 1.

• As the Shares to be issued on the conversion of the Tranche 2 Notes will be fully paid shares, they will not be subject to any calls for money by the Directors and will therefore not become liable for forfeiture.

• The Tranche 1 Notes, the Tranche 2 Notes and the Tranche 3 Notes shall be substantially in the forms set out in Exhibit 1(a), Exhibit 1(b) and Exhibit 1(c), respectively, with such changes therefrom, if any, as may be approved by the Purchasers and the Company.

• The interest on the Tranche 2 Notes is calculated based on a 9% coupon rate as stipulated in the agreement.

More Definitions of Tranche 2 Notes

Tranche 2 Notes means the promissory notes provided for by Section 2.06(b) hereof and all promissory notes delivered in substitution or exchange therefor, in each case as the same shall be modified and supplemented and in effect from time to time.

Tranche 2 Notes means Notes in a principal amount of $40,000,000.

Tranche 2 Notes has the meaning set forth in the recitals hereto.

Tranche 2 Notes means the EUR 282,942,000 6.875 per cent. fixed rate notes relating to the exchange offer which will be issued on the Cutoff Date.

Tranche 2 Notes means the £31,465,504 Senior Secured Deferrable Floating Rate Notes due 2019 issued on 11 July 2013.

Tranche 2 Notes means those Notes issued on the first Mandatory Tranche Closing Date.

Tranche 2 Notes means the promissory notes of the Borrower executed and delivered under Section 2.01(c) hereof, any promissory notes issued in substitution therefor pursuant to Sections 2.03(c), 2.15(b) or 9.14(c) hereof, together with all extensions, renewals, refinancings or refundings thereof in whole or part; "Tranche 2 Note" shall mean any one of them.