Initial PSL Tranche definition
Initial PSL Tranche means a PSL Tranche consisting of 100% of the Initial PSL Revenues.
Initial PSL Tranche has the meaning assigned to that term in the Sale Agreement. “Initial Purchase Date” has the meaning assigned to that term in the Sale Agreement. “Misapplied Payment” has the meaning assigned to that term in the Sale Agreement.
Examples of Initial PSL Tranche in a sentence
The Seller agrees to sell the Initial PSL Tranche in accordance with the terms of the Agreement.
The Purchase Price for the Initial PSL Tranche shall be $40,000,000.