Tranche A Interest Rate definition

Tranche A Interest Rate means, for each Interest Period, a rate of interest equal to LIBOR Rate for such Interest Period plus 1.75% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months).
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Tranche A Interest Rate. In respect of each Fixed Rate Payer Payment Date:
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Tranche A Interest Rate has the meaning set forth in Section 2.04.
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Examples of Tranche A Interest Rate in a sentence

  • Except as otherwise provided in Section 2.7(d) and Section 2.10, Tranche A of the Loan shall bear interest on the unpaid principal amount thereof from the Closing Date until paid in full at the Applicable Tranche A Interest Rate.

  • Notwithstanding the rate of interest specified in Section 2.7(a) or elsewhere herein, if any principal of or interest on Tranche A of the Loan is not paid when due, whether at stated maturity, upon acceleration, by mandatory prepayment or otherwise (but other than any voluntary prepayment), such overdue amount shall bear interest at a rate which is two percent per annum in excess of the Applicable Tranche A Interest Rate as in effect from time to time.

  • The Applicable Tranche A Interest Rate and Applicable Tranche B Interest Rate for each Interest Period of the Loan shall be determined by the Govco Administrative Agent and/or the Agent pursuant to the procedures set forth in the definition of "Applicable Tranche A Interest Rate," "Applicable Tranche B Interest Rate" and "LIBOR," as applicable, and shall promptly thereafter be notified to the Borrower, the Board, each Lender and the Supplemental Guarantor.

  • Each Series 1991 Term Loan shall bear interest from the date of the Series 1991 B Drawing and/or Series 1991 D Drawing to which it relates at a rate equal to the Base Rate plus the applicable Tranche A Base Rate Margin until such time, if any, as Borrower selects a different Tranche A Interest Rate.

  • Each Loan shall bear --------------------------- interest on the outstanding principal amount thereof, for each day from and including the day such Loan is made to but excluding the day it becomes due, (i) in the case of Tranche A Loans, at a rate per annum equal to the sum of 2.50% plus the Base Rate for such day (the "Tranche A Interest Rate"), and (ii) in the case of Tranche B Loans, at a rate per annum equal to the sum of 3.00% plus the Base Rate for such day (the "Tranche B Interest Rate").

  • Interest payable on the Tranche B Principal Amount shall accrue at the annual rate of Prime Rate plus two percent (2%) (but in no event less than eight percent (8%) per annum) and be payable in arrears commencing on January 2, 2008 and on the first business day of each consecutive calendar month thereafter, and on the Maturity Date, accelerated or otherwise, due and payable as described below (the “Tranche B Interest Rate,” together with the Tranche A Interest Rate, the “Interest Rate”).

  • The Applicable Tranche A Interest Rate and Applicable Tranche B Interest Rate for each Interest Period of the Loan shall be determined by the Govco Administrative Agent and/or the Agent pursuant to the procedures set forth in the definition of "Applicable Tranche A Interest Rate", "Applicable Tranche B Interest Rate" and "LIBOR", as applicable, and shall promptly thereafter be notified to the Borrower, the Board, each Lender and each Participant.

  • Except as otherwise provided in SECTION 2.7(E) and SECTION 2.10, Tranche A of the Loan shall bear interest on the unpaid principal amount thereof from the Closing Date until paid in full at the Applicable Tranche A Interest Rate.

  • Notwithstanding the rate of interest specified in SECTION 2.7(A) or elsewhere herein, if any principal of or interest on Tranche A of the Loan is not paid when due, whether at stated maturity, upon acceleration, by mandatory prepayment or otherwise (but other than any voluntary prepayment), such overdue amount shall bear interest at a rate which is [***] percent per annum in excess of the Applicable Tranche A Interest Rate as in effect from time to time.

  • Each Loan shall bear --------------------------- interest on the outstanding principal amount thereof, for each day from and including the day such Loan is made to but excluding the day it becomes due, (i) in the case of Tranche A Loans, at a rate per annum equal to the sum of 2.50% plus the Base Rate for such day (the "Tranche A Interest Rate"), and (ii) in the case of Tranche B Loans, at a rate per annum equal to the sum of 4.50% plus the Base Rate for such day (the "Tranche B Interest Rate").


More Definitions of Tranche A Interest Rate

Tranche A Interest Rate means, for each Interest Period, a rate of interest equal to LIBOR Rate for such Interest Period plus 1.75% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months). “Tranche A Lender” means any Person listed as a Tranche A Lender on Annex A hereto and each successor, permitted assignee or transferee thereof as holder of a Tranche A Note. “Tranche A Loans” shall mean the Loans made by the Tranche A Lenders to the Borrower pursuant to Section 1.01(a) hereof. “Tranche A Note” means each promissory note, substantially in the form of Exhibit A-1 hereto, delivered by Borrower to a Tranche A Lender pursuant to Section 1.03. “Tranche B Installment Payment Date” shall mean, with respect to each Tranche B Loan, the last day of each Interest Period commencing on the Maturity Date of the Tranche A Loans and continuing thereafter to and including the Maturity Date of the Tranche B Loans, or such other date as provided for in Section 1.05 hereof. “Tranche B Installment Payment Schedule” shall mean a payment schedule with respect to the Tranche B Loans set forth in Schedule 1-B to the Tranche B Note, as the same may be amended in accordance with the terms hereof. “Tranche B Interest Rate” means, for each Interest Period, a rate of interest equal to LIBOR Rate for such Interest Period plus 2.50% per annum (computed on the basis of a 360-day year consisting of twelve 30-day months). “Tranche B Lender” means any Person listed as a Tranche B Lender on Annex A hereto and each successor, permitted assignee or transferee thereof as holder of a Tranche B Note. “Tranche B Loans” shall mean the Loans made by the Tranche B Lenders to the Borrower pursuant to Section 1.01(b). “Tranche B Note” mean a promissory note, substantially in the form of Exhibit A-2 hereto, delivered by the Borrower to the Tranche B Lender pursuant to Section 1.03. “UCC” or “Uniform Commercial Code” shall mean the Uniform Commercial Code in effect in the State of New York, unless otherwise specified, as amended from time to time. “Voting Stock” as applied to the stock of any corporation, shall mean stock of any class or classes (however designated) having ordinary voting power for the election of a majority of the directors of such corporation, other than stock having such power only by reason of the happening of a contingency. Section 9.02
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Tranche A Interest Rate means interest on Tranche A Loans or Rova I L/C Reimbursement Obligations outstanding at the commencement of the relevant Tranche A Interest Period, at a rate per annum equal to:
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Tranche A Interest Rate has the meaning given to it in Clause 7.1(a).
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Tranche A Interest Rate means at any time of determination, the Adjusted LIBO Rate plus the Applicable Margin.
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Tranche A Interest Rate means THE LIBOR RATE PLUS 2.5% PER ANNUM.
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Related to Tranche A Interest Rate

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Class C Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class E Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class D Interest Rate means 3.49% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

  • Class A-2a Interest Rate means 0.45% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.

  • Daily Interest Rate means an amount calculated by dividing the interest rate payable to a Lender on a Loan (as set forth in subsection 2.2) as of each calendar day by three hundred sixty (360).

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.

  • Class A Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.

  • Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Class B Note Interest Rate means a per annum rate of [ ]% [in excess of LIBOR as determined on the LIBOR Determination Date for the applicable Interest Period].

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;