Fixed Rate Tranche definition

Fixed Rate Tranche means a Tranche on which Fixed Rate is applied.

Fixed Rate Tranche means a Tranche which is specified as a Fixed Rate Tranche in the relevant Disbursement Offer.

Fixed Rate Tranche means a Tranche disbursed on a Fixed Rate basis. ‘‘Floating Rate’’ means a fixed-spread floating interest rate, that is to say an annual interest rate equal to the Relevant Interbank Rate plus or minus the Spread, determined by the Bank for each successive Floating Rate Reference Period. ‘‘Floating Rate Reference Period’’ means each period from one Payment Date to the next relevant Payment Date and the first Floating Rate Reference Period shall commence on the date of disbursement of the Tranche. ‘‘Floating Rate Tranche’’ means a Tranche disbursed on a Floating Rate basis. ‘‘Indemnifiable Prepayment Event’’ means a prepayment event under Article 4.03A(3). ‘‘Interest Revision/Conversion’’ means the determination of new financial conditions relative to the interest rate, specifically the same interest rate basis ("revision") or a different interest rate basis ("conversion") which can be offered for the remaining term of a Tranche or until a next Interest Revision/Conversion Date, if any. ‘‘Interest Revision/Conversion Date’’ means the date, being a Payment Date, specified by the Bank pursuant to Article 1.02B in the Disbursement Notice or pursuant to Article 3 and Schedule D. ‘‘Interest Revision/Conversion Proposal’’ means a proposal made by the Bank under Schedule D, for an amount which, at the proposed Interest Revision/Conversion Date, is not less than EUR 10 000 000 (ten million euros) or the equivalent thereof. ‘‘Interest Revision/Conversion Request’’ means a written notice from the Borrower, delivered at least 75 (seventy-five) days before an Interest Revision/Conversion Date, requesting the Bank to submit to it an Interest Revision/Conversion Proposal. The Interest Revision/Conversion Request shall also specify:

Examples of Fixed Rate Tranche in a sentence

• In case of demand under Article 10.01 in respect of any Fixed Rate Tranche, the Borrower shall pay to the Bank the amount demanded together with the Prepayment Indemnity on any amount of principal due to be prepaid.

• The Borrower shall pay interest on the outstanding balance of each Fixed Rate Tranche at the Fixed Rate quarterly, semi-annually or annually in arrears on the relevant Payment Dates as specified in the Disbursement Notice, commencing on the first such Payment Date following the Disbursement Date of the Tranche.

• Failure to comply with this may result in unsatisfactory operation and will invalidate the approval.

• The Borrower shall pay interest on the outstanding balance of each Fixed Rate Tranche at the Fixed Rate semi-annually in arrears on the relevant Payment Dates as specified in the Disbursement Offer, commencing on the first such Payment Date following the Disbursement Date of the Tranche.

• In case of demand under Article 10.01 in respect of any Fixed Rate Tranche, the Borrower shall pay to the Bank the amount demanded together with a sum calculated in accordance with Article 4.02B on any amount that has become due and payable.

More Definitions of Fixed Rate Tranche

Fixed Rate Tranche means any one of the four interest rate components (each such interest rate component being referred to individually as a “Fixed Rate Tranche,” and all such interest rate components being referred to collectively as the “Fixed Rate Tranches”) of the Loan established pursuant to Section 3, consisting of the Thirty Day Fixed Rate Tranche, the Three Month Fixed Rate Tranche, the Six Month Fixed Rate Tranche and the One Year Fixed Rate Tranche.

Fixed Rate Tranche means each portion of the principal balance of the Loan bearing interest at any time at a Fixed Rate.

Fixed Rate Tranche means the outstanding amount of the Term Loan in respect of which interest is payable by reference to a Fixed Funds Rate for the duration of a Fixed Rate Period. FRS together with a number means the financial reporting standard issued by the Accounting Standards Board for application in England and Wales and identified by reference to that number. GAAP means, in relation to a company, accounting principles, concepts, bases and policies generally accepted in the jurisdiction of its incorporation. GROUP means Newco, Aspen and each of their respective Subsidiaries, and Group Company means any one of them. GUARANTEE AND DEBENTURE means a guarantee and debenture in the agreed form executed or to be executed in favour of the Bank.

Fixed Rate Tranche. With respect to each Series of Class A Certificates, the tranche under the Series of Certificates in a principal amount which is equal to the Outstanding Fixed Tranche Balance for such Series.

Fixed Rate Tranche means a Tranche on which the Fixed Rate is applied. "Floating Rate" means:

Fixed Rate Tranche means a Tranche disbursed on a Fixed Rate basis. «Floating Rate» means a fixed-spread floating interest rate, that is to say an annual interest rate equal to EURIBOR plus or minus the Spread, determined by the Bank for each successive Floating Rate Reference Period.

Fixed Rate Tranche shall have the meaning ascribed thereto in ------------------ Section 2.4(c) hereof.