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For the first £10,000 of profits a company made, it would pay no tax - that is, the corporation tax was set at zero for this tranche of money.
This grant fund is separate to the £45 million detailed above, hence the £46M tally for this tranche of government IoT backing.
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Ludovic Blecher, the head of Digital News Initiative Innovation Fund at Google, said that the main criteria for this latest tranche of funding included not only "impact, innovation and project feasibility" but also projects focused on collaboration.
Ludovic Blecher, the head of Digital News Initiative Innovation Fund at Google, said that the main criteria for this latest tranche of funding included not only "impact, innovation and project feasibility" but also projects focused on collaboration.
A market cap target is achieved at the close of the trading day on which the average market caps for both the six-month period and the 30-day period ending on that day exceed the applicable target for the tranche.
Greece has been waiting since June for the tranche, to help its heavily indebted economy stay afloat.
Instead of simply clearing the decks for a tranche of this private collection, as other museums had in the past – the Whitechapel Art Gallery, the Guggenheim in Bilbao – the curators decided to match his art to their own.
"There is likely to be a need for a further tranche for army personnel and medical and dental personnel from the RN [Royal Navy] and RAF in due course".
"We are looking for assurances about how this new tranche of TARP funding will be used," he said.
"For example, one tranche would be for the 2014 vesting of the 2013 'make whole' award, and so on.
That disclosure highlighted another feature of securitizations, that a single move can be disastrous for one tranche and good news for another.
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CEO of Professional Science Editing for Scientists @ prosciediting.com