Tranche 1 Notes definition

Tranche 1 Notes means, collectively, the Tranche 1-A Notes and Tranche 1-B Notes.
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Tranche 1 Notes is defined in Section 1.
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Tranche 1 Notes means the floating rate notes due 2026 in an aggregate principal amount of $13,800,000 issued by the Issuer on the Original Issue Date.
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Examples of Tranche 1 Notes in a sentence

  • As the Shares to be issued on the conversion of the Tranche 1 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.

  • A Qualifying Noteholder may only issue a Tranche 1 Extension Notice once and any such Tranche 1 Extension Option must be used in respect of all Tranche 1 Notes held by such Qualifying Noteholder.

  • A broad summary of the rights, privileges and restrictions attaching to the Tranche 1 Notes is set out in Schedule 1 of this Cleansing Notice.

  • From the date of such Tranche 1 Extension Notice, other than amounts accrued prior to delivery of the Tranche 1 Extension Notice, no additional interest shall be payable on the Tranche 1 Notes held by the exercising Qualifying Noteholder (other than any interest which becomes payable at the Tranche 1 Default Rate).

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


More Definitions of Tranche 1 Notes

Tranche 1 Notes up to £40,533,671 in aggregate unsecured convertible loan notes of £1 principal amount each, maturing on the Tranche 1 Maturity Date constituted by this Instrument or, as the case may be, the principal amount of such loan notes for the time being issued and outstanding, and principal amount shall be construed accordingly.
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Tranche 1 Notes means the promissory notes provided for by Section 2.06(a) 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.
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Tranche 1 Notes means, collectively, the Tranche 1-A Notes and Tranche 1-B Notes. “Tranche 1 Warrants” means, collectively, the Tranche 1-A(1) Warrants, Tranche 1-A(2) Warrants, Tranche 1-B(1) Warrants and Tranche 1-B(2) Warrants, and each is a “Tranche 1 Warrant”.
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Tranche 1 Notes. (in the case of the Tranche 1 Loan) and Tranche 2 Notes (in the case of the Tranche 2 Loan), evidencing the indebtedness of the Company to OPIC resulting from a Disbursement, or any promissory note issued by the Company at the request of OPIC in extension, renewal or substitution therefor.
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Tranche 1 Notes has the meaning set forth in the recitals hereto.
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Tranche 1 Notes means the £111,410,000 Senior Secured Deferrable Floating Rate Notes due 2019 issued on 1 May 2009.
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Tranche 1 Notes means the promissory notes of the Borrower executed and delivered under Section 2.01(c) hereof, any promissory notes issued in substitution therefor pursuant to Sections 2.15(b) or 9.14(c) hereof, together with all extensions, renewals, refinancings or refundings thereof in whole or part; "Tranche 1 Note" shall mean any one of them.
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