Asset Tranche definition

Asset Tranche. At any time, a portion of the Asset Interest funded by any Purchaser Group selected by such Purchaser Group’s Purchaser Agent pursuant to and subject to the terms of Section 2.1.

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Asset Tranche means at any time a portion of the Asset Interest selected by the Administrator pursuant to Section 2.01.

Asset Tranche. At any time, a portion of the Asset Interest selected by the Agent pursuant to Section 2.1.

Examples of Asset Tranche in a sentence

• The applicable Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity Funding.

• Each Purchaser Agent shall, from time to time for purposes of computing Earned Discount on that portion of the Asset Interest funded with Liquidity Fundings made by such Purchaser Agent’s Purchaser Group, divide any Asset Interest into Asset Tranches or combine two or more Asset Tranches into one Asset Tranche.

• The applicable Earned Discount Rate may be different for each Asset Tranche.

• The Administrator shall, from time to time for purposes of computing Earned Discount, divide the Asset Interest into Asset Tranches, and the applicable Earned Discount Rate may be different for each Asset Tranche.

• For purposes of computing Earned Discount, the Seller and the Agent (subject to the limitations set forth herein) shall, upon each Purchase and upon the expiration or termination of the Yield Period applicable to such Asset Tranche, divide the Asset Interest into Asset Tranches, and the applicable Earned Discount Rate may be different for each Asset Tranche.

• The applicable Earned Discount Rate or CP Rate, as the case may be, and the maturity may be different for each Asset Tranche.

• If the Purchaser funds or refinances its investment in an Asset Tranche through a Liquidity Funding, in lieu of paying CP Costs on the Invested Amount thereof, the Seller will pay Earned Discount thereon at a Bank Rate selected in accordance with this Agreement.

• On or before 12:00 noon, Atlanta, Georgia, time on the Business Day before the last day of each CP Tranche Period or Yield Period, as the case may be, the Administrative Agent shall notify the Master Servicer of the amount of Earned Discount accrued with respect to any Asset Tranche corresponding to such CP Tranche Period or Yield Period, as the case may be.

• The Administrative Agent shall, from time to time for purposes of computing Earned Discount, divide the Asset Interest into Asset Tranches, and the applicable Earned Discount Rate may be different for each Asset Tranche.

• On or before 12:00 noon, Atlanta, Georgia, time two (2) Business Days before the last day of each CP Tranche Period or Yield Period, as the case may be, the Agent shall notify the Master Servicer of the amount of Earned Discount accrued with respect to any Asset Tranche corresponding to such CP Tranche Period or Yield Period, as the case may be.

More Definitions of Asset Tranche

Asset Tranche. At any time a portion of the Asset Interest selected by the Administrator pursuant to Section 2.1.

Asset Tranche means at any time a portion of the Asset Interest selected by the Administrative Agent pursuant to SECTION 2.1.

Asset Tranche means at any time a portion of the Aggregate Cash ------------- Investment selected by the Transferor pursuant to Section 2.06(a) or Section --------------- ------- 5.03. ---- "Available Commitment" shall mean, as of any date of determination -------------------- thereof, an amount equal to the amount by which the Aggregate Commitment exceeds the sum of the L/C Participation Amount and the Aggregate Cash Investment.

Asset Tranche. At any time, a portion of the Asset Interest selected by the Administrative Agent pursuant to SECTION 2.

Asset Tranche means at any time a portion of the Senior Purchaser's ------------- Interest selected by the Administrator pursuant to Section 2.01. ------------