subordinated tranche definition
subordinated tranche means any tranche within an SBBSs issue bearing losses before the senior tranche;
subordinated tranche has the meaning assigned to it in Section 3.01(a)(ii) or, where the context so requires, the amount of the facility disbursed thereon to the extent not cancelled or reduced pursuant to this Agreement; "Subordinated Tranche Commitment"at any time during a Specified Period, the amount (in Dollars) set opposite that Specified Period in the table in Part II of Schedule 9 to the extent not cancelled or reduced by IFC under this Agreement;
subordinated tranche means the portion of the Policy initially insuring $104,764,000 of principal and interest in respect of the Series A Bonds representing the first loss layer of the Policy to be drawn in the event of a Policy Payment.
More Definitions of subordinated tranche
subordinated tranche means a Tranche of Subordinated Notes of a Series.