LIBOR Tranche definition

LIBOR Tranche means the collective reference to LIBOR Rate Loans whose Interest Periods begin and end on the same day.
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LIBOR Tranche the collective reference to LIBOR Rate Loans under a particular loan 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).
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LIBOR Tranche means any Tranche which bears interest based upon the LIBOR, as determined in accordance with Section 2.5.
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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 "Type" of a Tranche refers to the determination whether such tranche is a LIBOR Tranche or a Prime Rate Tranche.

  • Each such continuation or conversion shall be deemed to create a new LIBOR Tranche or increase or decrease the amount of the Prime Rate Tranche, as applicable, for all purposes of this Agreement.

  • In addition to the foregoing, the Servicer shall, to the extent of funds then available in the Collection Account, on the last day of any Tranche Period for a LIBOR Tranche, disburse to the applicable Administrative Agent for the Committed Lender that shall have funded or maintained such LIBOR Tranche, an amount equal to the Interest on such LIBOR Tranche.

  • No continuation or conversion shall be permitted if such continuation or conversion would cause the aggregate outstanding principal amount of any LIBOR Tranche which would remain outstanding or the aggregate outstanding principal amount of all Prime Rate Tranches which would remain outstanding to be less than the Minimum Tranche Amount.


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).
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LIBOR Tranche has the meaning set forth in Section 2.03(b).
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LIBOR Tranche means any Capital (or portion thereof) accruing Yield at Adjusted LIBOR.
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LIBOR Tranche means a Tranche for which Interest is computed by reference to the Adjusted LIBO Rate.
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LIBOR Tranche means the collective reference to LIBOR Rate Loans whose Interest Periods begin and end on the same day. “Lien” shall mean any mortgage, pledge, hypothecation, assignment, transfer, encumbrance, lien (statutory or other), charge or other
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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.
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LIBOR Tranche means each portion of the Capital Investment (if any) that is accruing Daily Yield at a LIBOR Rate for a LIBOR Period.
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