Examples of Asset Tranche in a sentence
The applicable Earned Discount Rate may be different for each Asset Tranche funded by a Liquidity Funding.
Each Purchaser Agent shall, from time to time for purposes of computing Earned Discount on that portion of the Asset Interest funded with Liquidity Fundings made by such Purchaser Agent’s Purchaser Group, divide any Asset Interest into Asset Tranches or combine two or more Asset Tranches into one Asset Tranche.
The applicable Earned Discount Rate may be different for each Asset Tranche.
The Administrator shall, from time to time for purposes of computing Earned Discount, divide the Asset Interest into Asset Tranches, and the applicable Earned Discount Rate may be different for each Asset Tranche.
If the Purchaser funds or refinances its investment in an Asset Tranche through a Liquidity Funding, in lieu of paying CP Costs on the Invested Amount thereof, the Seller will pay Earned Discount thereon at a Bank Rate selected in accordance with this Agreement.
On or before 12:00 noon, Atlanta, Georgia, time on the Business Day before the last day of each CP Tranche Period or Yield Period, as the case may be, the Administrative Agent shall notify the Master Servicer of the amount of Earned Discount accrued with respect to any Asset Tranche corresponding to such CP Tranche Period or Yield Period, as the case may be.
For purposes of computing Earned Discount, the Seller and the Agent (subject to the limitations set forth herein) shall, upon each Purchase and upon the expiration or termination of the Yield Period applicable to such Asset Tranche, divide the Asset Interest into Asset Tranches, and the applicable Earned Discount Rate may be different for each Asset Tranche.
The applicable Earned Discount Rate or CP Rate, as the case may be, and the maturity may be different for each Asset Tranche.
Each such notice of a proposed Purchase shall specify the amount of the Purchase (which shall be in the amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof), the Purchase Date, the amount of each Asset Tranche resulting from such Purchase (specifying whether it is to be an Eurodollar Tranche or an Alternate Base Rate Tranche) and the duration of the initial Yield Period for any Eurodollar Tranche.
On the first Business Day following the Reporting Date for each Settlement Period, the Administrator shall notify Servicer of (i) the amount of Earned Discount accrued in respect of the Asset Tranche funded by Commercial Paper Notes during such Settlement Period, and (ii) all fees and other amounts accrued and payable by Seller under this Agreement (other than amounts described in clause (c) below).