Tranche A definition

Tranche A has the meaning assigned in Section 2.1(c)(i).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Tranche A is defined in Section 2.1.1(a).

Tranche A has the meaning specified in Section 2.1.

Examples of Tranche A in a sentence

Subject to all of the terms and conditions hereof, the Company agrees to issue and sell to Investor, and Investor agrees to purchase, a senior convertible promissory note in the form of Exhibit A-2 hereto (the “Tranche B Note”; and the Tranche B Note together with the Tranche A Note, the “Notes”) in the principal amount set forth opposite Investor’s name under the heading “Tranche B Note” on Schedule I hereto.
For the Tranche A Closing, evidence of the contemporaneous payment in full of all Existing Indebtedness payable to USWM, LLC and D.
At the Tranche A Closing, the Company will deliver to Investor the Tranche A Note to be purchased by Investor at such Tranche A Closing, against receipt by the Company of the corresponding purchase price set forth on Schedule I hereto (the “Tranche A Purchase Price”).
The sale and purchase of the Tranche B Note shall take place at a closings (the “Tranche B Closing”, and together with the Tranche A Closing, each a “Closing” and collectively, the “Closings”) to be held on the date on which the conditions specified in ‎Sections 4 and 5 are satisfied (or waived in accordance with ‎Section 6(a)) (the “Tranche B Closing Date”, and together with the Tranche A Closing Date, each a “Closing Date” and collectively, the “Closing Dates”).
For the Tranche A Closing, Investor shall have delivered to the Company the Tranche A Purchase Price in respect of the Tranche A Note being purchased by Investor referenced in Section 1(c) hereof.

More Definitions of Tranche A

Tranche A means the credit facility provided pursuant to Section 2.1 to or for the benefit of the Company by the Banks with a Tranche A Commitment, which such facility shall consist of Loans (and participations in Swingline Loans) in the currencies referenced under the heading “Tranche A” on Schedule 1.1 and shall be in the maximum aggregate amount of the Tranche A Commitments of such Banks, as adjusted from time to time pursuant to the terms hereof.

Tranche A means the aggregate of the Tranche A Commitments.

Tranche A means that part of the Loan made or to be made available to the Borrowers to enable the Borrowers to refinance the Existing Indebtedness in relation to Ship A and for general corporate and working capital purposes in a principal amount not exceeding 58 per cent. of the Fair Market Value of Ship A.

Tranche A means, at any time, all Tranche A Collateral Loans at such time.

Tranche A means that part of the Loan made or to be made available to the Borrowers to finance up to the lower of (i) 60 per cent. of the Fair Market Value of Ship A or (ii) 65 per cent. of the Contract Price of Ship A.

Tranche A has the meaning assigned to such term in Section 2.1(f).

Tranche A means the amount of up to USD25,00,000, being the aggregate of all of the Advances to be made available by the Lender to the Borrowers to assist Sifnos in its acquisition of Vessel A or, as the context requires, the amount thereof outstanding from time to time;