Tranche definition

Tranche means a group of Securities which (a) are of the same series and (b) have identical terms except as to principal amount and/or date of issuance.

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Tranche the collective reference to Eurodollar Loans 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).

Tranche means, in relation to a Series of ETP Securities issued on any date, the ETP Securities that are issued on the same Issue Date with the same Principal Amount.

Examples of Tranche in a sentence

• Insert an additional chart for each Additional TL Tranche added pursuant to Section 2.14 of the Credit Agreement.

• If the Committee determines that the Second Measurement Interval Results were not met following the end of the Second Measurement Interval, the unvested Second Tranche will remain eligible to vest, subject to the Committee's Remeasurement Determination.

• Fifth Measurement Interval (May 1, 20[ ] through April 30, 20[ ]) (the "Fifth Measurement Interval"): [ ]% of the Option (the "Fifth Tranche") will vest if the Committee certifies that, during the Fifth Measurement Interval, Net Income attributable to the Company increased by at least [ ] percent ([ ]%) compared to the Fourth Measurement Interval ("Fifth Measurement Interval Results").

• Third Measurement Interval (May 1, 20[ ] through April 30, 20[ ]) (the "Third Measurement Interval"): [ ]% of the Option (the "Third Tranche") will vest if the Committee certifies that, during the Third Measurement Interval, Net Income attributable to the Company increased by at least [ ]percent ([ ]%) compared to the Second Measurement Interval ("Third Measurement Interval Results").

• Second Measurement Interval (May 1, 20[ ] through April 30, 20[ ]) (the "Second Measurement Interval"): [ ]% of the Option (the "Second Tranche") will vest if the Committee certifies that, during the Second Measurement Interval, Net Income attributable to the Company increased by at least [ ] percent ([ ]%) compared to the First Measurement Interval ("Second Measurement Interval Results").

More Definitions of Tranche

Tranche means, in relation to a Series, those Notes of that Series that are issued on the same date at the same issue price and in respect of which the first payment of interest is identical;

Tranche means a contractually established segment of the credit risk associated with an exposure or number of exposures, where a position in the segment entails a risk of credit loss greater than or less than a position of the same amount in each other such segment, without taking account of credit protection provided by third parties directly to the holders of positions in the segment or in other segments;

Tranche means the collective reference to (a) LIBOR Rate Loans whose Interest Periods begin and end on the same day and (b) Alternate Base Rate Loans made on the same day.

Tranche means the respective facility and commitments utilized in making Loans hereunder, with there being three separate Tranches, i.e., Term Loans, Revolving Loans and Swingline Loans.

Tranche means the collective reference to LIBOR Rate Loans whose Interest Periods begin and end on the same day. A Tranche may sometimes be referred to as a “LIBOR Tranche”.

Tranche has the meaning set forth in Section 2.3.

Tranche means Tranche A or Tranche B.