Tranche 5 definition

Tranche 5 means the amount of [**] or the Equivalent Amount thereof to be applied in payment of the seventh pre-redelivery instalment due by the Borrower to the Builder under the Building Contract to be advanced by the Lenders on a Drawdown Date by way of their Contributions thereto;

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Tranche 5 means the Advances pursuant to Section 2.2(e).

Tranche 5 means the term loan tranche deemed to be made available under this Agreement as described in Clause 2.1(e) (The Tranches).

Examples of Tranche 5 in a sentence

The Tranche 1 Exercise Price, the Tranche 2 Exercise Price, the Tranche 3 Exercise Price, the Tranche 4 Exercise Price, and the Tranche 5 Exercise Price are collectively referred to herein as "Management Option Prices" and individually as a "Management Option Price".
The Incremental Renewable Generation for calendar year 2022 will be utilized in determining the Base ZEC Price for Tranche 4, the Incremental Renewable Generation for calendar year 2024 will be utilized in determining the Base ZEC Price for Tranche 5, and the Incremental Renewable Generation for calendar year 2026 will be utilized in determining the Base ZEC Price for Tranche 6.
Incremental No. of Shares Tranche Performance Objective Vesting Date Vested/1/ ------- --------------------- ------------ ------------- theretofore vested, and Tranche 5 shall automatically vest if (and only if) Tranche 3 has theretofore vested, and thereupon vesting shall otherwise cease and this Stock Option shall terminate as provided in Section 6 of the attached Agreement.
Without limiting the foregoing, until the Term Loan Tranche 5 Activation Date has occurred, no Borrower shall be entitled to request and no Lender shall be required to advance any principal amount in respect of the Term Loan Tranche 5.
The Prepayment Fee in respect of Term Loan Tranche 5 shall be equal to an amount determined by multiplying the amount being prepaid (or required to be prepaid, if such amount is greater) by the following applicable percentage amount: (x) four percent (4.0%) for the first year following the Term Loan Tranche 5 Funding Date, (y) three percent (3.0%) for the second year following the Term Loan Tranche 5 Funding Date and (z) two percent (2.0%) thereafter.

More Definitions of Tranche 5

Tranche 5 means those shares of Common Stock actually issued pursuant to the exercise of those Warrants exercisable on May 31, 2013.

Tranche 5 has the meaning set forth in Section 2.2(a)(v).

Tranche 5 means the amount which may be drawn down by the Borrower as an Advance pursuant to a Drawdown Request and having a term of five years.

Tranche 5 means the cash payment pursuant to section 4.2(1)(f);

Tranche 5. MEANS THE AMOUNT OF [***] [CONFIDENTIAL TREATMENT] OR THE EQUIVALENT AMOUNT THEREOF TO BE APPLIED IN PAYMENT OF THE SEVENTH PRE-REDELIVERY INSTALMENT DUE BY THE BORROWER TO THE BUILDER UNDER THE BUILDING CONTRACT TO BE ADVANCED BY THE LENDERS ON A DRAWDOWN DATE BY WAY OF THEIR CONTRIBUTIONS THERETO;

Tranche 5 means the Advances pursuant to Section 2.2(e). “Tranche 5 Facility Charge” means zero point five percent (0.50%) of each Tranche 5 Advance, which is payable to the Lenders in accordance with Section 4.2(g). “Tranche 6” means the Advances pursuant to Section 2.2(f). “Tranche 6 Facility Charge” means zero point five percent (0.50%) of each Tranche 6 Advance, which is payable to the Lenders in accordance with Section 4.2(h). “UCC” means the Uniform Commercial Code as the same is, from time to time, in effect in the State of New York; provided, that in the event that, by reason of mandatory provisions of law, any or all of the attachment, perfection or priority of, or remedies with respect to, Agent’s Lien on any Collateral is governed by the Uniform Commercial Code as the same is, from time to time, in effect in a jurisdiction other than the State of New York, then the term “UCC” shall mean the Uniform Commercial Code as in effect, from time to time, in such other jurisdiction solely for purposes of the provisions thereof relating to such attachment, perfection, priority or remedies and for purposes of definitions related to such provisions. “Unrestricted Cash” means unrestricted Cash of Borrower maintained in Deposit Accounts or other accounts in Borrower’s name subject to an Account Control Agreement in favor of Agent. “UK” means the United Kingdom. “UK Bail-In Legislation” means (to the extent that the United Kingdom is not an EEA Member Country which has implemented, or implements, Article 55 BRRD) Part I of the United Kingdom Banking Act 2009 and any other law or regulation applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (otherwise than through liquidation, administration or other insolvency proceedings). “UK PSC Loan Party” means a company incorporated in England and Wales who is required to maintain a PSC Register and whose shares are pledged as Collateral.

Tranche 5 means a tranche in the principal amount of USD 46,375,000, which relates to the refinancing of Vessel 5.