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.
Second Tranche means the balance of the proceeds of the Loan remaining in the Loan Account after the utilization of the First Tranche, to be withdrawn pursuant to and subject to the provisions of paragraph 5 of Schedule 3 to this Loan Agreement.
Second Tranche has the meaning assigned to that term in Section 2.1.
Examples of Second Tranche in a sentence
To this end, the Beneficiary shall ensure that (a) prior to the Second Tranche Release, 50% of Dehkan Farms in the Project Raions have been issued the required land certificates, (b) prior to the Third Tranche Release, 80% of Dehkan Farms in the Project Raions have been issued the required land certificates, and (c) prior to Project completion, 100% of Dehkan Farms in the Project Raions have been issued the required land certificates.
More Definitions of Second Tranche
Second Tranche is defined in Section 2.1.2(a).
Second Tranche means the Tranche of the proceeds of the Credit allocated to Category (2) in the table set forth in paragraph 1 of Schedule 1 to this Agreement;
Second Tranche means the balance of the proceeds of the Grant remaining in the Grant Account after the utilization of the First Tranche, to be withdrawn pursuant to and subject to the provisions of paragraph 5 of Schedule 2 to this Grant Agreement;
Second Tranche means 2,500 of the Restricted Shares, for which the Performance Condition will be satisfied upon achievement of the Second Stock Price Hurdle;
Second Tranche means 650,000 of the Restricted Shares, for which the Performance Condition will be satisfied upon achievement of the Second Performance Hurdle;
Second Tranche has the meaning set forth in the Recitals.
Second Tranche has the meaning given to that term under section 2.1;