Examples of 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.
If pursuant to Articles 1.05 and 1.06 disbursement of any Floating Rate Tranche takes place after the Scheduled Disbursement Date the Relevant Interbank Rate applicable to the first Floating Rate Reference Period shall apply as though the disbursement had been made on the Scheduled Disbursement Date.
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.
Failure to comply with this may result in unsatisfactory operation and will invalidate the approval.
The Borrower shall pay interest on the outstanding balance of each Floating Rate Tranche at the Floating 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.
At the end of the applicable LIBOR Interest Period, the LIBOR Tranche will convert to a Prime Rate Tranche unless Borrower notifies Bank at least two (2) London Business Days before the end of the existing LIBOR Interest Period that Borrower is electing to continue all or any part of the tranche as a LIBOR Tranche and is selecting a new LIBOR Interest Period.
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 connection with this opinion, J.Searle’s view is like this: expressions express nothing but promises or orders.
Eligibility for MTC compensation will be subject to the availability of MW capacity allocations in each utility that are derived from the incremental 2% net revenue impact limitation, summarized below.MW capacity is further allocated to three distinct Tranche buckets as follows: Tranche 0 (Phase One NEM)/Tranche 1 (Value Stack plus MTC equal to 100% Base Retail Rate); Tranche 2 (Value Stack plus MTC equal to 95% Base Retail Rate; Tranche 3 (Value Stack plus MTC equal to 90% Base Retail Rate).
The Borrower shall pay interest on the outstanding balance of each Floating Rate Tranche at the Floating Rate quarterly, semi-annually or annually in arrears on the relevant Payment Dates, as specified in the Disbursement Offer commencing on the first such Payment Date following the Disbursement Date of the Tranche.