Fixed Rate Tranche definition

Fixed Rate Tranche means a Tranche on which Fixed Rate is applied.

Fixed Rate Tranche means a Tranche which is specified as a Fixed Rate Tranche in the relevant Disbursement Offer.

Fixed Rate Tranche means a Tranche on which Fixed Rate is applied. ‘‘Floating Rate’’ means a fixed-spread floating interest rate, that is to say an annual interest rate determined by the Bank for each successive Floating Rate Reference Period equal to the Relevant Interbank Rate plus the Spread. ‘‘Floating Rate Reference Period’’ means each period from one Payment Date to the next relevant Payment Date; the first Floating Rate Reference Period shall commence on the date of disbursement of the Tranche. ‘‘Floating Rate Tranche’’ means a Tranche on which Floating Rate is applied. ‘‘Indemnifiable Prepayment Event’’ means any Prepayment Event. ‘‘Interest Revision/Conversion’’ means the determination of new financial conditions relative to the interest rate, specifically the same interest rate basis ("revision") or a different interest rate basis ("conversion") which can be offered for the remaining term of a Tranche or until a next Interest Revision/Conversion Date, if any, for an amount which, at the proposed Interest Revision/Conversion Date, is not less than EUR 10,000,000 (ten million euros). ‘‘Interest Revision/Conversion Date’’ means the date, which shall be a Payment Date, specified by the Bank pursuant to Article 1.02C in the Disbursement Notice or pursuant to Article 3 and Schedule D. ‘‘Interest Revision/Conversion Proposal’’ means a proposal made by the Bank under Schedule D. ‘‘Interest Revision/Conversion Request’’ means a written notice from the Borrower, delivered at least 75 (seventy-five) days before an Interest Revision/Conversion Date, requesting the Bank to submit to it an Interest Revision/Conversion Proposal. The Interest Revision/Conversion Request shall also specify:

Examples of Fixed Rate Tranche in a sentence

• In case of demand under Article 10.01 in respect of any Fixed Rate Tranche, the Borrower shall pay to the Bank the amount demanded together with the Prepayment Indemnity on any amount of principal due to be prepaid.

• The Borrower shall pay interest on the outstanding balance of each Fixed Rate Tranche at the Fixed Rate quarterly, semi-annually or annually in arrears on the relevant Payment Dates as specified in the Disbursement Notice, commencing on the first such Payment Date following the Disbursement Date of the Tranche.

• If the Borrower prepays a Fixed Rate Tranche, the Borrower shall pay to the Bank on the Prepayment Date the Prepayment Indemnity in respect of the Fixed Rate Tranche which is being prepaid.

• Failure to comply with this may result in unsatisfactory operation and will invalidate the approval.

• In case of demand under Article 10.01 in respect of any Fixed Rate Tranche, each Borrower shall pay to the Bank the amount demanded together with the Prepayment Indemnity on any amount of principal due to be prepaid.

More Definitions of Fixed Rate Tranche

Fixed Rate Tranche means each portion of the principal balance of the Loan bearing interest at any time at a Fixed Rate.

Fixed Rate Tranche means the outstanding amount of the Term Loan in respect of which interest is payable by reference to a Fixed Funds Rate for the duration of a Fixed Rate Period. FRS together with a number means the financial reporting standard issued by the Accounting Standards Board for application in England and Wales and identified by reference to that number. GAAP means, in relation to a company, accounting principles, concepts, bases and policies generally accepted in the jurisdiction of its incorporation. GROUP means Newco, Aspen and each of their respective Subsidiaries, and Group Company means any one of them. GUARANTEE AND DEBENTURE means a guarantee and debenture in the agreed form executed or to be executed in favour of the Bank.

Fixed Rate Tranche means any one of the four interest rate components (each such interest rate component being referred to individually as a “Fixed Rate Tranche,” and all such interest rate components being referred to collectively as the “Fixed Rate Tranches”) of the Loan established pursuant to Section 3, consisting of the Thirty Day Fixed Rate Tranche, the Three Month Fixed Rate Tranche, the Six Month Fixed Rate Tranche and the One Year Fixed Rate Tranche.

Fixed Rate Tranche means a Tranche disbursed on a Fixed Rate basis.

Fixed Rate Tranche. With respect to each Series of Class A Certificates, the tranche under such Series of Certificates in a principal amount which is equal to the Outstanding Fixed Tranche Balance for such Series.

Fixed Rate Tranche has meaning given to it in clause 9.2 (Fixed Rate Option) of the Facility Agreement.

Fixed Rate Tranche. Any one or more Contracts as to which a Tranche Rate Lock Event has occurred and as to which the Servicer has identified a Hedging Agreement.