Prime Rate Tranche definition

Prime Rate Tranche means the Tranche which bears interest based upon the Base Rate, as determined in accordance with Section 2.5.

Prime Rate Tranche. - means each portion of the Loan to which the Adjusted Prime Rate applies.

Prime Rate Tranche means any Tranche which bears interest based upon the Adjusted Prime Rate, as determined in accordance with Section 2.5.

Examples of Prime Rate Tranche in a sentence

• The "Type" of a Tranche refers to the determination whether such tranche is a LIBOR Tranche or a Prime Rate Tranche.

• Borrower shall pay interest in arrears on the unpaid principal amount of the Prime Rate Tranche, from the date on which the Prime Rate Tranche is created until such principal amount has been repaid in full, or converted to a LIBOR Tranche, as the case may be, (1) every thirty (30) days after the Effective Date of such Prime Rate Tranche and (2) on the Maturity Date, at the Adjusted Prime Rate.

• The Prime Rate Tranche shall bear interest at a per annum interest rate equal to the Base Rate in effect from time to time plus the Applicable Margin for the Prime Rate Tranche in effect from time to time.

• Borrower shall pay interest in arrears on the unpaid principal amount of each LIBOR Tranche at the Adjusted LIBO Rate for such LIBOR Tranche from the date on which such LIBOR Tranche is created until such principal amount has been paid in full, or converted to a Prime Rate Tranche, as the case may be, (1) every 30 days after the Effective Date of such LIBOR Tranche, and (2) on the Maturity Date at the adjusted LIBO Rate.

• In each case in which a portion of the related Note Principal Balance is not allocated to a CP Tranche or a LIBOR Tranche it shall be a Prime Rate Tranche.

More Definitions of Prime Rate Tranche

Prime Rate Tranche means any portion of the Note Principal Balance of any Note that is not a CP Tranche or a LIBOR Tranche.

Prime Rate Tranche means each proportion of the Loan to which the Adjusted Prime Rate applies.

Prime Rate Tranche means a Tranche bearing interest at the Note Prime Rate.

Prime Rate Tranche means that portion of the Series 0000-0 Xxxxxxxxx ------------------ Invested Amount not allocated to a CP/LIBOR Rate Tranche and for which interest is calculated by reference to the Alternate Base Rate.

Prime Rate Tranche means a Tranche the interest on which is calculated with reference to an Adjusted Prime Rate.

Prime Rate Tranche means any portion of the Line of Credit Advances the rate of interest applicable to which is based upon the Prime Rate.

Prime Rate Tranche means a portion of the outstanding Purchase Price on Open Transactions on which the Pricing Rate is determined by reference to the Prime Rate.