Mezzanine Tranche definition

Mezzanine Tranche means the portion of the Policy initially insuring $332,352,000 of principal and interest in respect of the Series A Bonds representing the second loss layer of the Policy to be drawn in the event of a Policy Payment.
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Mezzanine Tranche means either (a) a SBA loan lending facility with a Mezzanine Tranche Lender, pursuant to which the Borrower receives cash proceeds of not less than $10,000,000 and which satisfies the Mezzanine Tranche Conditions, or (b) a subordinated loan from Newtek to Borrower or investment of capital by Newtek into Borrower, pursuant to which the Borrower receives cash proceeds of not less than $10,000,000 and which satisfies the Mezzanine Tranche Conditions.”
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Mezzanine Tranche means a tranche or tranches subordinated to the senior tranche, and to which a risk weight of less than 1250% is assigned under the provisions of Chapter VI of these directions;
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Examples of Mezzanine Tranche in a sentence

  • To reduce the Mezzanine Tranche until it is reduced to zero (the “Losses allocated to the Mezzanine Tranche”);3.

  • Mezzanine Tranche is equal to one for a mezzanine tranche and is equal to zero for a senior tranche.

  • Improved quality was to be measured by four indicators: establishment of a student learning assessment for Grades 3, 5, and 8; percentage of fully trained teachers at basic and secondary levels; and completion rates for primary and basic education (two indicators; results reported above in table 5).

  • At least 20% of the credit risk with regard to the Mezzanine Tranche shall be kept by the respective Financial Intermediary, i.e. the originator shall undertake to retain at all times in its books unhedged at least 20% of the credit risk of the Mezzanine Tranche.

  • Description of the Financial Instrument:In the proposed transaction (the “Transaction”) EIF acting through the JHF will provide a financial guarantee to the selected Financial Intermediary on up to 80% of the Mezzanine Tranche (the “Guaranteed Tranche”) of a defined Reference Portfolio consisting of SME loans originated by such Financial Intermediary.

  • There are two kinds of value – value in use and value in exchange.

  • The Junior Tranche which is typically equal to the cumulative expected losses in the Reference Portfolio as well as the senior tranche ranking above the Mezzanine Tranche may either be retained by the Financial Intermediary or covered by a third party investor.

  • Deutsche Bank,6 the Investment Manager has invested in the Mezzanine Tranche).

  • Private investors invest in the Senior Tranche with the highest return, international financial institutions invest in the Mezzanine Tranche, donor agencies in the Junior Tranche.

  • American Airlines5.00% Franklin Low Duration Total Return Fund (continued)Credit Default Swap Contracts (continued) Periodic Payment Unamortized Rate UpfrontUnrealized ReceivedPaymentCounter-MaturityNotional PaymentsAppreciation Description(Paid)FrequencypartyDateAmount(a)Value(Receipts)(Depreciation)Rating(b)OTC Swap Contracts (continued) Contracts to Sell Protection(c)(d) (continued) Traded Index (continued)(e)Morgan StanleyBespoke Pecan Non-Index, Mezzanine Tranche 5-10% .


More Definitions of Mezzanine Tranche

Mezzanine Tranche and "Senior Tranche" set forth in the Credit Agreement are hereby deleted in the entirety and the following definitions are hereby substituted in lieu thereof:
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Mezzanine Tranche means the aggregate balance of the Loans allocated to the Mezzanine Note pursuant to Sections 2. 16(b)(ii) or 2.16(c)(ii) hereof, as applicable.
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Mezzanine Tranche has the meaning specified in Section 2.1.
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Related to Mezzanine Tranche

  • Mezzanine Loans means, collectively, the First Mezzanine Loan, the Second Mezzanine Loan, the Third Mezzanine Loan, the Fourth Mezzanine Loan, the Fifth Mezzanine Loan, the Sixth Mezzanine Loan, the Seventh Mezzanine Loan, the Eighth Mezzanine Loan, the Ninth Mezzanine Loan and any New Mezzanine Loan.

  • Mezzanine Floor means an intermediate floor between two floors, above ground level, accessible only from the lower floor;

  • Single Tranche means the amount of the Financing allocated to the category entitled “Single Tranche” in the table set forth in Part B of Section II of Schedule 1 to this Agreement.

  • mezzanine means a mezzanine as defined in the Building Code Act;

  • First Tranche means the amount of the Financing allocated to the category entitled “First Tranche” in the table set forth in Part B of Schedule 1 to this Agreement.

  • Mezzanine Loan means a mezzanine loan secured by equity interests in the Mortgage Loan Borrower.

  • Extended Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Existing Loan means the loan identified on Exhibit H.

  • Loan Tranche The Series 2006-2 Class A2 Notes will fund the Series 2006-2 AAA (Class A2) Loan Tranche which shall have the following terms:

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Extended Loan shall have the meaning assigned to such term in Section 2.26(a).

  • Mezzanine Investments means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Senior Loan has the meaning provided in the Recitals hereto.

  • Existing Loans shall have the meaning assigned to such term in Section 2.21(a).

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Delayed Draw Loan A Loan that requires one or more future advances to be made by the Borrower and which does not permit the re-borrowing of any amount previously repaid by the related Obligor; provided that, such Loan shall only be considered a Delayed Draw Loan for so long as any future funding obligations remain in effect and only with respect to any portion which constitutes a future funding obligation.

  • Refinancing Mortgage Loan Any Mortgage Loan originated in connection with the refinancing of an existing mortgage loan.

  • Accelerated Mezzanine Loan Lender shall have the meaning assigned to such term or an analogous term in the Lead Securitization Servicing Agreement.

  • Lender PMI Loans Mortgage Loans with respect to which the lender rather than the borrower acquired the primary mortgage guaranty insurance and charged the related borrower an interest premium.

  • Refinancing Loans means any Refinancing Term Loans or Refinancing Revolving Loans.

  • Refinancing Loan shall have the meaning provided in Section 2.14(h)(i).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Incremental Loan has the meaning set forth in Section 2.14(b).