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

• Each Tranche One Loan shall be made as part of a Tranche One Borrowing consisting of Tranche One Loans of the same Type made by the Tranche One Lenders ratably in accordance with their respective Tranche One Commitments.

• Subject to the terms and conditions set forth herein, each Tranche Two Lender agrees to make a loan (each, a “Tranche Two Loan”) denominated in US Dollars to the Company in an aggregate principal amount not to exceed its Tranche Two Commitment in a single drawing on the Funding Date.

• Partial prepayments pursuant to this Section 4.6 with respect to any Tranche of SOFR Loans shall be in an aggregate principal amount equal to the lesser of (a) $5,000,000 or an integral multiple of $1,000,000 in excess thereof and (b) the aggregate principal amount of such Tranche of SOFR Loans then outstanding, as the case may be; provided that no partial prepayment of any Tranche of SOFR Loans may be made if, after giving effect thereto, Section 2.1(b) would be contravened.

• Each Tranche Two Loan shall be made as part of a Tranche Two Borrowing consisting of Tranche Two Loans of the same Type made by the Tranche Two Lenders ratably in accordance with their respective Tranche Two Commitments.

• Amounts repaid or prepaid in respect of Tranche Two Loans may not be reborrowed.

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 means Tranche A or Tranche B.

Tranche has the meaning specified in the Indenture.