Tranche 6 definition

Tranche 6 means the amount of [**] or the Equivalent Amount thereof to be applied in payment of the eighth 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 6 means those shares of Common Stock actually issued to Cayman 5 pursuant to paragraph 5.2 of the Note Purchase Agreement.

Tranche 6 means the amount which may be drawn down by the Borrower as an Advance pursuant to a Drawdown Request and having a term of six years.

Examples of Tranche 6 in a sentence

• 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.

• For the avoidance of doubt, each Advance will be available on the terms stated herein, without regard to the drawdown of any of the Tranche 2 Advance, Tranche 3 Advance, Tranche 4 Advance, Tranche 5 Advance and Tranche 6 Advance.

• Upon making any filing relating to a Tranche 6 Demand Registration, the Company shall use its reasonable best efforts to cause such registration statement to be declared effective and to cause the Registrable Securities relating to such Tranche 6 Demand Registration to be registered under the Securities Act, in each case as promptly as practicable after the making of such filing and in accordance with Article V below.

• Benchmark Rate for Facility B Loan Tranche: 6 month Euribor (with floor of 0%) Interest on the Facility B Loan Tranche: The aggregate of the Cash Margin and the Benchmark Rate Interest Period: 6 months Interest on Facility B shall accrue on and from the Restructuring Agreement Effective Date at the Margin set out above.

• If TMRI does not deliver a Proposed Adjustment Notice to BMET USA prior to the expiration of the Review Period, the amount of Tranche 6 Shares (or payment in lieu thereof) pursuant to section 4.2(1)(g), including the amount of the Tranche 6 Value Payment, each as set out in the Tranche 6 Calculation shall become final, binding and conclusive on BMET USA and the THMG Parties.

More Definitions of Tranche 6

Tranche 6 means the Tranche 6 Cash Payment and the Tranche 6 Value Payment pursuant section 4.2(1)(g);

Tranche 6 means that part of the Loan relating to Vessel 6 to be advanced in one Drawing in a maximum amount of fourteen million two hundred thousand Dollars ($14,200,000).

Tranche 6. MEANS THE AMOUNT OF [***] [CONFIDENTIAL TREATMENT] OR THE EQUIVALENT AMOUNT THEREOF TO BE APPLIED IN PAYMENT OF THE EIGHTH 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 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 6 means a tranche in the principal amount of USD 28,770,000, which relates to the refinancing of Vessel 6.

Tranche 6 means the amount of [***] [Confidential Treatment] or the Equivalent Amount thereof being [***] [Confidential Treatment] of the Contract Price to be applied in payment of the eighth 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 6 means the Advances pursuant to Section 2.2(f).