Tranches definition

Tranches shall have the meaning ascribed to such term in Section 2.1.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Tranches means together Tranche A and Tranche B (each a “Tranche”).

Tranches means all Covered Bonds which are identical in all respects (including as to listing), and shall, where the context so requires, be deemed to refer to a Series of N Covered Bonds, provided that for greater certainty, N Covered Bonds are only issueable in Series;

Examples of Tranches in a sentence

Also for the avoidance of doubt, any reference in this Agreement to Awarded PSUs that does not include a reference to either of the Tranches will be a reference to the PSUs in both Tranches that become Awarded PSUs pursuant to either this Section 3 or Section 5 of the Agreement.
For the avoidance of doubt, the Committee's determinations of the achievement of the performance goals for the Tranche 1 PSUs and the Tranche 2 PSUs may occur on different dates, and therefore the Change in Control Awarded Dates applicable to the Tranches are not required to be identical.
This Subsection 4.8(a) may be amended in accordance with Subsection 11.1(d) to the extent necessary to reflect differing amounts payable, and priorities of payments, to Lenders participating in any new Tranches added pursuant to Subsections 2.7 and 2.8, as applicable.
For the avoidance of doubt, the Committee's determinations of the levels of achievement of the performance goals for the Tranche 1 PSUs and the Tranche 2 PSUs may occur on different dates during the Determination Period, and therefore the General Awarded Dates applicable to the Tranches are not required to be identical.
The Company may, in its sole discretion, offer the increase in the Aggregate Commitments to existing Banks or to other lenders or entities reasonably acceptable to the Administrative Agent and the Company, and such requested increase may be with respect to any Applicable Tranche(s).

More Definitions of Tranches

Tranches means Adjusted Base Rate Tranches or Eurodollar Tranches or any combination thereof.

Tranches means any or all of them;

Tranches means collectively the 7-year Tranche and the 10-year Tranche.

Tranches means, together, Tranche A, Tranche B and Tranche C, and in the singular means any of them;

Tranches means, collectively, the U.S. Tranche, the Euro Tranche and each Supplemental Tranche; and “Tranche” means any of the Tranches.

Tranches means Tranche 1, Tranche 2 and Tranche 3, and "Tranche" means any of them.

Tranches means each of the Tranche A Advances, Tranche B Advances and the Tranche C Advances.