First Tranche Amount definition

First Tranche Amount means an amount in cash (funded by wire transfer of immediately available funds to a Company account designated by the Company) equal to $1,650,000.00.
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First Tranche Amount means an amount in cash (funded by wire transfer of immediately available funds to a Company account designated by the Company) equal to $4,700,000.00.
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First Tranche Amount means an original principal amount of $5,000,000.
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Examples of First Tranche Amount in a sentence

  • Subject to the terms and conditions of this Agreement, Lender agrees to make to Borrower an advance on the Closing Date in principal amount equal to the First Tranche Amount (the “First Tranche Term Loan”).


More Definitions of First Tranche Amount

First Tranche Amount means, with respect to each metropolitan city for which an amount is allocated under subsection (b)(1), each State for which an amount is allocated under subsection (b)(2) for distribution to nonentitlement units of local government, and each county for which an amount is allo- cated under subsection (b)(3), 50 percent of the amount so allocated to such metropoli- tan city, State, or county (as applicable).
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First Tranche Amount consisting of shares and representing one-third of the Performance Vesting Restricted Stock, shall vest on February 28, 2005 pursuant to the satisfaction of the applicable performance based metric of operating cashflow of the Covanta as set forth in the Covanta 2004 Cash Bonus Plan.
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First Tranche Amount consisting of 4,400 shares and representing one-third of the Performance Vesting Restricted Stock shall vest on March 17, 2007, (i) with (x) 50% of the First Tranche Amount vesting pursuant to the satisfaction of the applicable performance based metric of net cash provided by operating activities less maintenance and capital expenditures of Covanta as set forth in the 2006 Long-Term Incentive Plan Guidelines and (y) 50% of the First Tranche Amount vesting pursuant to the satisfaction of the applicable performance based metrics of adjusted earnings before interest, taxes, depreciation and amortization of Covanta as set forth in the 2006 Long-Term Incentive Plan Guidelines or (ii) pursuant to the satisfaction of such other applicable performance criteria and schedule determined by the Board or the Compensation Committee;
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First Tranche Amount consisting of shares and representing of the Performance Vesting Restricted Stock shall vest on (i) pursuant to the satisfaction of the applicable performance based metric of Free Cash Flow, as set forth in the Long-Term Incentive Plan Guidelines or (ii) pursuant to the satisfaction of such other applicable performance criteria and schedule determined by the Board of Directors of the Company (the “Board”) or the Compensation Committee of the Company’s Board of Directors (“Compensation Committee”);
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First Tranche Amount has the meaning assigned to such term in Section 1.2.
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First Tranche Amount means, with respect to each metropolitan city for which an amount is allocated under subsection (b)(1), each State for which an amount is allocated
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Related to First Tranche Amount

  • First Tranche means the amount of the Loan allocated to the category entitled “First Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Minimum Tranche Amount has the meaning specified in Section 2.15(b).

  • Second Tranche means the amount of the Financing allocated to the category entitled “Second Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • Quarterly Excess Available Funds Percentage means, with respect to the March 2008 Transfer Date and each Transfer Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Available Funds Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Funding Amount has the meaning specified in Section 3.2(a).

  • L/C Commitment Amount has the meaning given to that term in Section 2.3.(a).

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

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Commitment Amount means the aggregate amount of up to Ten Million Dollars ($10,000,000) which the Investor has agreed to provide to the Company in order to purchase the Company's Common Stock pursuant to the terms and conditions of this Agreement.

  • First Equity Financing Price means (x) if the pre-money valuation of the Company immediately prior to the First Equity Financing is less than or equal to the Valuation Cap, the lowest price per share of the Equity Securities sold in the First Equity Financing or (y) if the pre-money valuation of the Company immediately prior to the First Equity Financing is greater than the Valuation Cap, the SAFE Price.

  • Senior Prepayment Percentage For any Distribution Date during the five years beginning on the first Distribution Date, 100%. The Senior Prepayment Percentage for any Distribution Date occurring on or after the fifth anniversary of the first Distribution Date will, except as provided herein, be as follows: for any Distribution Date in the first year thereafter, the Senior Percentage plus 70% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the second year thereafter, the Senior Percentage plus 60% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the third year thereafter, the Senior Percentage plus 40% of the Subordinated Percentage for such Distribution Date; for any Distribution Date in the fourth year thereafter, the Senior Percentage plus 20% of the Subordinated Percentage for such Distribution Date; and for any Distribution Date thereafter, the Senior Percentage for such Distribution Date (unless on any Distribution Date the Senior Percentage exceeds the initial Senior Percentage, in which case the Senior Prepayment Percentage for such Distribution Date will once again equal 100%). Notwithstanding the foregoing, no decrease in the Senior Prepayment Percentage will occur unless both of the Senior Step Down Conditions are satisfied.

  • LOC Committed Amount shall have the meaning set forth in Section 2.3(a).

  • Applicable Commitment Percentage means, with respect to each Lender at any time, a fraction, the numerator of which shall be such Lender's Revolving Credit Commitment and the denominator of which shall be the Total Revolving Credit Commitment, which Applicable Commitment Percentage for each Lender as of the Closing Date is as set forth in Exhibit A; provided that the Applicable Commitment Percentage of each Lender shall be increased or decreased to reflect any assignments to or by such Lender effected in accordance with Section 11.1.

  • LC Commitment Amount means $600,000,000 as the same may be reduced permanently from time to time pursuant to Section 2.08.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Tranche 2 has the meaning set forth in Section 2.2(a)(ii).

  • Quarterly Excess Spread Percentage means, with respect to the August 2008 Distribution Date and each Distribution Date thereafter, the percentage equivalent of a fraction the numerator of which is the sum of the Excess Spread Percentages with respect to the immediately preceding three Monthly Periods and the denominator of which is three.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Issuance Amount means the aggregate Sales Price of the Shares to be sold by the Agent pursuant to any Issuance Notice.

  • Like Amount means (a) with respect to a redemption of any Trust Securities, Trust Securities having a Liquidation Amount equal to the principal amount of Notes to be contemporaneously redeemed or paid at maturity in accordance with the Indenture, the proceeds of which will be used to pay the Redemption Price of such Trust Securities, (b) with respect to a distribution of Notes to Holders of Trust Securities in connection with a dissolution of the Trust, Notes having a principal amount equal to the Liquidation Amount of the Trust Securities of the Holder to whom such Notes are distributed and (c) with respect to any distribution of Additional Interest Amounts to Holders of Trust Securities, Notes having a principal amount equal to the Liquidation Amount of the Trust Securities in respect of which such distribution is made.

  • Final Payment Percentage is five percent (5.00%).

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Excess Available Funds Percentage means, with respect to any Transfer Date, the amount, if any, by which the Portfolio Yield for the preceding Monthly Period exceeds the Base Rate for such Monthly Period.