Second 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 $1,100,000.
Second Tranche Amount means, with re- spect 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), an amount not to exceed 50 percent of the amount so allo- cated to such metropolitan city, State, or county (as applicable).
Second Tranche Amount means an original principal amount of up to $5,000,000.
Examples of Second Tranche Amount in a sentence
Subject to the terms and conditions of this Agreement, at the Initial Second Closing: (a) Investor will (i) subscribe for 21,015,400 Preferred Shares (the “Initial Second Investor Shares”) at the Funding Valuation Rate, and (ii) pay to the Company an aggregate capital contribution equal to the Escrow Second Tranche Amount (“Initial Second Tranche Investor Contribution”).
Subject to the consummation of the USU Acquisition and the other conditions specified herein, Lender agrees to make to Borrower an advance on or before the Second Tranche Commitment Termination Date in principal amount up to the Second Tranche Amount (the “Second Tranche Term Loan”, and together with the First Tranche Term Loan, collectively, the “Term Loans”, and each, a “Term Loan”).
More Definitions of Second Tranche Amount
Second Tranche Amount has the meaning set forth in Section 2.1(b).
Second Tranche Amount means the amount of Cash Consideration less the First Tranche Amount.
Second Tranche Amount shall be a dollar amount equal to the difference between (i) $15,000,000 and (ii) the aggregate net proceeds (after deduction for any reasonable and ordinary broker fees and commissions or other reasonable customary costs, charges or expenses solely and directly incurred in connection with ordinary broker sales of common shares on the Nasdaq Global Market up to the Expense Cap (as defined below) (for clarity, any of the foregoing amounts in excess of the Expense Cap shall not be so deducted), but without deduction for any other amounts including applicable taxes (other than any applicable stamp duties imposed on ViaCyte) received by or on behalf of ViaCyte in connection with selling the First Tranche Shares (the “First Tranche Proceeds”). Notwithstanding the foregoing, the term “First Tranche Proceeds” shall be deemed to equal $7,500,000 if CRISPR elects to pay ViaCyte $7,500,000 in cash (rather than issue Shares equal in value thereto) on the First Issue Date, as provided below in this Schedule A. ViaCyte will give CRISPR written notice within two (2) Business Days after ViaCyte has sold all First Tranche Shares (the “First Tranche Sales Notice”). In connection with the Second Tranche Amount, CRISPR shall issue such number of whole common shares with a value equal to the Second Tranche Amount (rounding down to the nearest whole common share) (the “Second Tranche Shares”). Any shortfall in the amount owed shall be paid via wire transfer in immediately available funds, to an account designated by ViaCyte on the date the Second Tranche Amount is issued to ViaCyte. For purposes hereof, the term “Expense Cap” shall mean $[***]. In connection with providing the First Tranche Sales Notice, ViaCyte will deliver an officer’s certificate to CRISPR setting forth in reasonable detail the calculation of the First Tranche Proceeds, and ViaCyte will provide to CRISPR any information and documentation reasonably requested by CRISPR relating to such calculation. The Parties acknowledge and agree that if, for whatever reason, CRISPR fails to receive the First Tranche Sales Notice on or before the 30th day following ViaCyte’s receipt of the First Tranche Shares, then, notwithstanding anything to the contrary set forth in this Agreement and this Schedule A, the First Tranche Proceeds shall be deemed to equal a dollar amount equal to the product of (x) the First Tranche Shares multiplied by (y) the highest closing price of CRISPR’s common shares as quoted on the Nasdaq Global...
Second 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 $915,000.00.
Second Tranche Amount has the meaning assigned to such term in Section 1.2.
Second 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 the lesser of (i) $4,700,000, or (ii) an amount which, together with the First Tranche Amount, would create an aggregate Principal Amount following the funding of the Second Tranche equal to 20% of the Market Capitalization on the Trading Day immediately following the date the registration statement registering all of the Conversion Shares issuable under this Note (assuming a conversion price equal to the Floor Price) and the Warrant Shares issuable under the Warrants shall have been declared effective. For the avoidance of doubt, it is acknowledged that, based on the Market Capitalization on the required date for funding the Second Tranche Amount, the Second Tranche Amount could be $0. Notwithstanding that the provisions of clause (ii) of this definition would, at the applicable time, require that the Second Tranche Amount be less than $4,700,000, the Holder may, in its discretion and on written notice to the Company, elect to fund up to the full $4,700,000 amount of the Second Tranche Amount.
Second 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 the lesser of (i) $1,880,000 and (ii) an amount which, together with the First Tranche Amount, would create an aggregate Principal Amount following the funding of the Second Tranche equal to 25% of the Market Capitalization on the Trading Day immediately following the date the registration statement registering all of the Conversion Shares issuable under this Note and the Warrant Shares issuable under the Warrants shall have been declared effective. For the avoidance of doubt, it is acknowledged that, based on the Market Capitalization on the required date for funding the Second Tranche Amount, the Second Tranche Amount could be $0.