Tranche definition

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 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.

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

• The Parties hereto agree that $53,344,048.12 of Initial Term Loans and $12,655,951.88 of Revolving Loans shall be exchanged for $66,000,000 Tranche B Term Loans as specified under the Credit Agreement on the terms set forth herein and in Section 2.01 of the Credit Agreement (as amended by this Amendment and Waiver).

• The Borrower shall use commercially reasonable efforts to maintain a public and/or, at the Direction of the Tranche A Required Lenders, private corporate credit rating (but not any specific rating) from by S&P and Xxxxx’x.

• Each of the undersigned hereby agrees that, effective the date hereof, it shall be a Borrower and a [Tranche A Borrower][and a Tranche B Borrower] under the Credit Agreement.

• The Administrative Agent shall give prompt notice to each Bank of (A) any increase in any Bank’s Tranche A Commitment Amount and/or Tranche B Commitment Amount and (B) the Commitment of any additional Bank, in each case under this Section 2.17.

• The proceeds of the Tranche A Term Loans will be used only for general corporate purposes and working capital, in each case, subject to the then-current Cash Flow Forecast (subject to Permitted Variances).

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 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 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 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.

Tranche means a group of Securities which (a) are of the same series and (b) have identical terms to other Tranches of such series except as to principal amount, date of issuance or first interest payment date, each of which may vary among Tranches of any one series.