Tranche Payment definition

Tranche Payment or “Tranche Payments” shall have the meaning defined in Clause 2.3(b);
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Tranche Payment means any of the Tranche 1 through Tranche 5 Payments defined in Sections 2.02 to Section 2.06.
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Tranche Payment or “Tranche Payments” has the meaning set forth in Section
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Examples of Tranche Payment in a sentence

  • Subject to a Named Project having reached the Acquisition Tranche Payment Date, the Grant Recipient may apply to the GLA for the Acquisition Tranche Grant payable in respect of that Named Project to be paid to it.

  • The Issuer, at its option, may require Funding 1 to prepay the Outstanding Principal Amount of a Loan Tranche (together with any accrued interest) on any Loan Tranche Payment Date on which the Issuer has decided to exercise its option, if any, to redeem in full the Notes used to fund such Loan Tranche provided that the Repayment Tests will be satisfied following such prepayment.

  • To the extent that there are insufficient funds available to Funding 1 to repay the amount due to be paid on such Loan Tranche Payment Date, the shortfall shall be paid on subsequent Funding 1 Interest Payment Dates to the extent Funding 1 has sufficient amounts standing to the credit of the Funding 1 GIC Account and the Funding 1 Transaction Account to pay such amounts in accordance with the Funding 1 Deed of Charge and the relevant Funding 1 Priority of Payments.

  • Subject to a Named Project having reached the Start on Site Tranche Payment Date and where such Named Project is an Estate Regeneration Project, the Estate Regeneration Funding Condition having been satisfied, the Grant Recipient may apply to the GLA for the Start on Site Tranche Grant payable in respect of that Named Project to be paid to it.

  • Effective as of the date of such Second Tranche Payment Notice, the Purchasers shall become the holders of record of their respective shares of such Minimum Number of the Second Tranche of Purchased Stock and Parent shall promptly issue and deliver, or cause to be issued and delivered, to the Purchasers certificates representing such shares.

  • As provided above, the period of any postponement of the Ground Lease Closing Date shall adjust all contractual dates day for day including but not limited to the subsequent Tranche Payment dates described below and the Final Unwind Date.

  • The following appendices constitute an integral part of the Agreement: Appendix No. 1: Budget; Appendix No. 2: Project Implementation Schedule; Appendix No. 3: Tranche Payment Schedule; Appendix No. 4: Declaration of Eligibility of Enterprise’s VAT; Appendix No. 5: Declaration concerning Project Indirect Costs; Appendix No. 6: Power of Attorney (this appendix is required when the Agreement is signed by a person/s not holding statutory powers to represent the Enterprise).

  • In the event of the failure by Buyer to make the Second Tranche Payment in full, Sellers shall be entitled to exercise its pledge security interest over the Shares pursuant to the terms of the Share Pledge Agreement.

  • Subject to a Named Project having reached the Acquisition Tranche Payment Date, the Lead Partner may apply to the GLA for the Acquisition Tranche Grant payable in respect of that Named Project to be paid to it.

  • On each Isis Tranche Payment Date from and after the occurrence of a Type D Change in Control Transaction, Isis shall pay to Hybridon $5,000,000 ($4,500,000 in the case of the fourth Isis Tranche Payment Date) in lieu of the shares of Isis Common Stock that Isis would otherwise be required to issue to Hybridon on such Isis Tranche Payment Date.

Related to Tranche Payment

  • Prepayment Fee is, with respect to any Term Loan subject to prepayment prior to the Maturity Date, whether by mandatory or voluntary prepayment, acceleration or otherwise, an additional fee payable to the Lenders in amount equal to:

  • Reinvestment Prepayment Amount with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended prior to the relevant Reinvestment Prepayment Date to acquire or repair assets useful in the Borrower’s business.

  • Class B-1 Prepayment Percentage As to any Distribution Date, the percentage calculated by multiplying the Subordinated Prepayment Percentage by either (i) if any Class B Certificates (other than the Class B-1 Certificates) are eligible to receive principal distributions for such Distribution Date in accordance with Section 4.01(d), a fraction, the numerator of which is the Class B-1 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d) or (ii) except as set forth in Section 4.01(d)(ii), in the event that the Class B Certificates (other than the Class B-1 Certificates) are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), one.

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

  • Class B-2 Prepayment Percentage As to any Distribution Date, except as set forth in the next sentence, the percentage calculated by multiplying (i) the Subordinated Prepayment Percentage by (ii) a fraction, the numerator of which is the Class B-2 Principal Balance (determined as of the Determination Date preceding such Distribution Date) and the denominator of which is the sum of the Principal Balances of the Classes of Class B Certificates eligible to receive principal distributions for such Distribution Date in accordance with the provisions of Section 4.01(d). Except as set forth in Section 4.01(d)(ii), in the event that the Class B-2 Certificates are not eligible to receive distributions of principal in accordance with Section 4.01(d)(i), the Class B-2 Prepayment Percentage for such Distribution Date will be zero.