Tranche 2 Notes definition

Tranche 2 Notes means the first priority senior secured convertible notes issued on the Tranche 2 Funding Date by the Borrowers to the Purchasers in the aggregate amount of the Tranche 2 Advance, as amended by the Amended and Restated Notes.

Tranche 2 Notes is defined in Section 1.

Tranche 2 Notes means the floating rate notes due 2026 in an aggregate principal amount of $11,500,000 issued by the Issuer on the Tranche 2 Issue Date which shall be consolidated and form a single series with the Tranche 1 Notes and the Tranche 2 Notes on the last day of the first Interest Period in respect of the Tranche 2 Notes.

Examples of Tranche 2 Notes in a sentence

• Notes and the Tranche 2 Notes (which, upon issue, shall be consolidated and form a single series with the Tranche 1 Notes).

• As the Shares to be issued on the conversion of the Tranche 2 Notes will be fully paid shares, they will not be subject to any calls for money by the Directors and will therefore not become liable for forfeiture.

• The actual number of Shares to be issued on conversion will be calculated in accordance with the conversion formula for the Tranche 2 Notes, as detailed in Schedule 1.

• Unless otherwise increased pursuant to the terms of the Subscription Agreement, the maximum number of Conversion Shares which may be issued pursuant to the conversion of: (i) all Tranche 1 Notes shall be 200,000,000 Shares; and (ii) all Tranche 2 Notes shall be 200,000,000 Shares, each subject to adjustment in the event of stock splits, consolidation and/or reclassification of the Shares.

• The capital structure of the Company will be affected by the conversion of Tranche 2 Notes by the Noteholder.

More Definitions of Tranche 2 Notes

Tranche 2 Notes means the promissory notes provided for by Section 2.06(b) hereof and all promissory notes delivered in substitution or exchange therefor, in each case as the same shall be modified and supplemented and in effect from time to time.

Tranche 2 Notes means Notes in a principal amount of $40,000,000.

Tranche 2 Notes means the EUR 282,942,000 6.875 per cent. fixed rate notes relating to the exchange offer which will be issued on the Cutoff Date.

Tranche 2 Notes means the £31,465,504 Senior Secured Deferrable Floating Rate Notes due 2019 issued on 11 July 2013.

Tranche 2 Notes means those Notes issued on the first Mandatory Tranche Closing Date. “Tranche 2 Notes Conversion Price” means $1.66.

Tranche 2 Notes means those Notes issued on the first Mandatory Tranche Closing Date.

Tranche 2 Notes means convertible promissory notes, each having an original aggregate principal amount of £1, issued pursuant to the Convertible Loan Note Instrument, substantially in the form of Part 2 of Schedule 1 thereto.