LIBOR Tranche definition

LIBOR Tranche means the collective reference to LIBOR Rate Loans whose Interest Periods begin and end on the same day.
LIBOR Tranche means any Tranche which bears interest based upon the LIBOR, as determined in accordance with Section 2.5.
LIBOR Tranche the collective reference to LIBOR Loans under a particular Facility the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

Examples of LIBOR Tranche in a sentence

  • Each LIBOR Tranche shall bear interest during its Interest Period at a per annum interest rate equal to the sum of the LIBOR for such Tranche plus the Applicable Margin for LIBOR Tranches in effect from time to time.

  • The Interest Rate applicable to a particular LIBOR Tranche Election shall remain at the rate elected for the remainder of the subject LIBOR Tranche Interest Period.

  • No LIBOR Tranche may be converted or continued (i) at any time other than on the last day of the Interest Period applicable thereto, or (ii) at any time that a Default or Event of Default has occurred and is continuing.

  • Interest accruing based on the Tranche LIBOR Rate shall be: (i) calculated based on a 360-day year and charged for the actual number of days elapsed and (ii) payable in arrears on the last day of the applicable LIBOR Tranche Interest Period.

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More Definitions of LIBOR Tranche

LIBOR Tranche means a portion of the Loan outstanding for a specific LIBOR Interest Period and bearing interest at a fixed rate based upon LIBOR (Adjusted).
LIBOR Tranche has the meaning set forth in Section 2.03(b).
LIBOR Tranche means any Capital (or portion thereof) accruing Yield at Adjusted LIBOR.
LIBOR Tranche means a Tranche for which Interest is computed by reference to the Adjusted LIBO Rate.
LIBOR Tranche means each portion of the Loan to which an Adjusted LIBOR Rate applies.
LIBOR Tranche means any portion of the Note Principal Balance of any Note funded by any Purchaser through the borrowing of loans (or the sale of participation interests) at an interest rate based on LIBOR.
LIBOR Tranche means each portion of the Capital Investment (if any) that is accruing Daily Yield at a LIBOR Rate for a LIBOR Period.