Tranches definition

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

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;

Tranches means Tranche A and Tranche B;

Examples of Tranches in a sentence

• Allocation of sums related to Tranches In case of: a partial voluntary prepayment of a Tranche that is subject to a repayment in several instalments, the Prepayment Amount shall be applied pro rata to each outstanding instalment, or, at the request of the Borrower, in inverse order of maturity; or a partial compulsory prepayment of a Tranche that is subject to a repayment in several instalments, the Prepayment Amount shall be applied in reduction of the outstanding instalments in inverse order of maturity.

• IMPORTANT INFORMATION RELATING TO PUBLIC OFFERS OF NON-EXEMPT PD NOTES Restrictions on Public Offers of Non-Exempt PD Notes in relevant Member States Certain Tranches of Non-Exempt PD Notes with a denomination of less than EUR 100,000 (or its equivalent in any other currency) may, subject as provided below, be offered in any Member State of the EEA in circumstances where there is no exemption from the obligation under the Prospectus Regulation to publish a prospectus.

• FLOATING RATE TRANCHE The Borrower may prepay the Floating Rate Tranches without the Prepayment Indemnity.

• Revision or Conversion of Tranches Where the Borrower exercises an option to revise or convert the interest rate basis of a Tranche, it shall, from the effective Interest Revision/Conversion Date (in accordance with the procedure set out in Schedule D) pay interest at a rate determined in accordance with the provisions of Schedule D.

• The Bank may apply sums received between Tranches at its discretion.

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 Tranche A, Tranche B, Tranche C, Tranche D, Tranche E, Tranche F, Tranche G, Tranche H and Tranche I, and "Tranche" means any one of them.

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

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.