Examples of Tranche A Completion in a sentence
A Completion shall take place remotely via electronic exchange of documents (or at any other place as agreed in writing by the parties) on the third (3rd) Business Day (not being later than the 90th day after the date of this Agreement) after the date on which the FCA Approval is obtained, subject to the Warranties given by the Purchaser and the Vendor being true, accurate and not misleading immediately prior to Tranche A Completion.
The New Disbursement Agreement and the New AAL will provide for the payment of the Tranche A Completion Loan Upfront Fees, the Tranche A Completion Loan Expenses, the Tranche B Completion Loan Upfront Fee, and the Tranche B Completion Loan Expenses, without interest thereon, on a pari passu basis, prior to any payment of principal or interest on any Prepetition Credit Agreement New Notes.
On the Tranche A Completion Date, the parties may proceed with Tranche A Completion even if the completion of the other two tranches has not yet occurred, and same for Tranche B Completion and Tranche C Completion.
The Tranche A Completion, the Tranche B Completion and the Tranche C Completion shall be independent of each other.
In the event that any of Tranche A Completion, Tranche B Completion or Tranche C Completion has not taken place by the Completion Long Stop Date, the sale and purchase of Acquisition Targets in the other tranches which have already been completed shall not be affected.
Not surprisingly, the respondent referred to the decision of the Upper Tribunal (‘UT’) in Willow Court Management Co (1985) Ltd v Alexander [2016] UKUT 290 (LC), which outlined a three-stage test for deciding rule 13 applications.
Neither the Company nor the Subscriber shall have any claim against each other save for liabilities for any antecedent breach thereof.Completion: Completion of the subscription and issue of the Tranche A Convertible Bond and the Tranche B Convertible Bond would take place on the Tranche A Completion Date and the Tranche B Completion Date, respectively, following all the above conditions precedent have been satisfied and/or waived.
The first$50,000,000 of the Tranche A Loans (the “ Initial Tranche A Completion Loans”) and the remaining $5,000,000 in Tranche A Loans (the “Secondary Tranche A Completion Loans” and together with the Initial Tranche A Loans, the “Tranche A Completion Loans”) are fully funded.
The New Disbursement Agreement and the New AAL will provide for the payment of the Tranche A Completion Loan Upfront Fees, the Tranche A Completion Loan Expenses, the Tranche B Completion Loan Upfront Fee, and the Tranche B Completion Loan Expenses, without interest thereon, on a pari passu basis, prior to any payment of principal or interest on any PrepetitionCredit Agreement New Notes.
For avoidance of doubt, the New AAL will provide for the payment of the Tranche A Completion Loan Upfront Fees, the Tranche A Completion Loan Expenses, the Tranche B Completion Loan Upfront Fee, and the Tranche B Completion Loan Expenses, without interest thereon, on a pari passu basis, prior to any payment of principal or interest on any Prepetition Credit Agreement New Notes.