Tranche 4 definition

Tranche 4 means the amount of up to [**] to be applied in payment of the delivery instalment due by the Borrower to the Builder under the Building Contract to be advanced by the Lenders on the Delivery Date by way of their Contributions thereto PROVIDED THAT the amount of this Tranche and the amounts of the other Portion 1 Tranches shall not when aggregated exceed [**] of the Contract Price;

Tranche 4 means the Equivalent Amount of the difference between the aggregate of Tranche 1, Tranche 2 and Tranche 3 in Euro and the amount of the Facility to be applied in payment of the balance of the third pre-redelivery instalment due by the Borrower to the Builder under the Building Contract and any excess thereafter in reduction of the Equity;

Tranche 4 the “fourth” segment consisting of 6,000,000 shares exercisable under the Series B Warrant as hereby amended (i.e., available warrant shares no. 12,000,001 through 18,000,000).

Examples of Tranche 4 in a sentence

• Tranche 4 is to address the identified sub-projects to reinforce, augment and expand the existing transmission network to cope with existing generation capacity and current demand profiles by removal of constraints and system risks.

• A discount for lack of marketability of 25%, 20%, 15% and 10% for Tranche 1($0.03), Tranche 2($0.032), Tranche 3($0.034) and Tranche 4 ($0.036) respectively.

• The sub-projects under MMF 1 – 3 Tranches are already under implementation at different stages, while 9 sub-projects are proposed for Tranche 4.

• Tranche 4 will help evacuate hydropower to load centers in Islamabad and the provinces of Punjab and Khyber Pakhtunkhwa.

• The sub-projects under MMF 1 – 3 Tranches are already under implementation at different stages, while 9sub-projects are proposed for Tranche 4.

More Definitions of Tranche 4

Tranche 4 warrant shares shall in no event be exercisable after 5:00 p.m., New York Time, November 30, 2016.

Tranche 4 means the Advances pursuant to Section 2.2(d).

Tranche 4 means the tranche of Commercial Bank Loans funded or to be funded with the Tranche 4 Commercial Bank Loan Commitments.

Tranche 4 means the term loan tranche deemed to be made available under this Agreement as described in Clause 2.1(d) (The Tranches).

Tranche 4 has the meaning set forth in Section 2.2(a)(iv).

Tranche 4 means the amount which may be drawn down by the Borrower as an Advance pursuant to a Drawdown Request and having a term of four years.

Tranche 4 means (i) those shares of Common Stock actually issued to Cayman 4 and Cayman 5 pursuant to Section 5.2.1(c) of the Option Agreement and (ii) those shares of Common Stock actually issued pursuant to the exercise of those Warrants exercisable on May 31, 2012.