First Tranche Expiration Date

Example Definitions of "First Tranche Expiration Date"
First Tranche Expiration Date. The second anniversary of the Original Issue Date, provided that if the Fair Market Value of the Common Stock on such second anniversary is lower than the First Tranche Base Price, then the First Tranche Expiration Date shall be the third anniversary of the Original Issue Date.
Found in DISTRIBUTED ENERGY SYSTEMS CORP contract
All Definitions