Tranche 3 means the amount of [**] to be applied in payment of the fourth pre-delivery instalment due by the Borrower to the Builder under the Building Contract to be advanced by the Lenders on a Drawdown Date by way of their Contributions thereto;
Tranche 3 has the meaning set forth in Section 2.2(a)(iii).
Tranche 3 means SEK 65,000,000 minus Transaction Costs.
Examples of Tranche 3 in a sentence
Borrowers shall use the proceeds of the Term Loan Tranche 3 solely for working capital needs of the Borrowers and their Subsidiaries.
More Definitions of Tranche 3
Tranche 3. January 1, 2015 through December 31, 2017, which is allotted 50% of the Target Award.
Tranche 3 means the Bonds with ISIN SE0013281920, initially allocated to certain management members of the Group as part of the Restructuring.
Tranche 3 the “third” segment consisting of 6,000,000 shares exercisable under the Series B Warrant as hereby amended (i.e., available warrant shares no. 6,000,001 through 12,000,000).
Tranche 3 warrant shares shall in no event be exercisable after 5:00 p.m., New York Time, July 31, 2016.
Tranche 3 and “Tranche 4”) and the number of Shares that the Participant may earn from each tranche, if any, with respect to the applicable Performance Period for the tranche, is determined by the schedule below, with each Performance Share Unit capable of earning one Share at target performance (50th percentile): Relative TSR Percentage of Target Performance Share Units Earned * 90th percentile or above 200 % 70th percentile 150 % 50th percentile 100 % 30th percentile 50 % Below 30th percentile 0 % * For any amounts calculated under this Section 3 that fall between two percentiles set forth in the left column above that are between the 90th percentile and the 30th percentile, the percentage of the number of Shares that the Participant earns under the Performance Share Units for the applicable Performance Period shall be interpolated in a straight line between the two relevant percentiles. If the Company’s TSR is negative for the applicable Performance Period, the Percentage of Target Performance Share Units Earned for that Performance Period shall be capped at no greater than 100%.
Tranche 3 shall consist of [_____] Performance Shares.
Tranche 3 means the amount which may be drawn down by the Borrower as an Advance pursuant to a Drawdown Request and having a term of three years.