Loan Tranche Supplement definition

Loan Tranche Supplement. The Loan Tranche Supplement to be signed on each Closing Date in accordance with Clause 3.1(b) shall record, amongst other things, the amount of each Loan Tranche to be made on such Closing Date, which shall correspond to the principal amount of such Loan Tranche that is available for drawing which is notified to Funding 2 in the applicable Loan Tranche Notice.

Loan Tranche Supplement means, in relation to any Loan Tranche, means the document between, amongst others, Funding 2 and applicable Funding 2 Issuer substantially in the form set out in Schedule 3 (Form of Loan Tranche Supplement) to the Master Intercompany Loan Agreement entered into between Funding 2 and such Funding 2 Issuer recording the principal terms of such Loan Tranche;

Loan Tranche Supplement means, in relation to any Loan Tranche, means the document between, amongst others, Funding 2 and applicable Funding 2 Issuer substantially in the form set out in Schedule 2 (Form of Loan Tranche Supplement) to the Funding 2 Intercompany Loan Agreement entered into between Funding 2 and such Funding 2 Issuer recording the principal terms of such Loan Tranche;

Examples of Loan Tranche Supplement in a sentence

• The Loan Tranche Rating for a Loan Tranche will be specified for such Loan Tranche in the applicable Loan Tranche Supplement.

• Unless otherwise specified for any Loan Tranche in the applicable Loan Tranche Supplement, such Loan Tranche shall be repaid (as to both interest and principal) in the priority according to the Loan Tranche Rating of that Loan Tranche.

• This Loan Tranche Supplement contains the final terms of the Loan Tranches identified and described herein, is supplemental to and must be read in conjunction with the Intercompany Loan Agreement.

• This document constitutes the Loan Tranche Supplement relating to the Loan Tranches described herein.

• Each Loan Tranche may be a Bullet Loan Tranche, a Scheduled Amortisation Loan Tranche, a Pass-Through Loan Tranche or a combination of any of the foregoing, depending upon the Redemption/Payment Basis shown in the applicable Loan Tranche Supplement.

• The Loan Tranche Supplement to be signed on each Closing Date in accordance with Clause 3.1(a) shall record, amongst other things, the amount of each Loan Tranche to be made on such Closing Date, which shall correspond to the principal amount of such Loan Tranche that is available for drawing which is notified to the Issuer in the applicable Loan Tranche Notice.

• Each Loan Tranche shall be identified by reference to the relevant Series and Class of Notes that is used to fund it, as set out in the applicable Loan Tranche Supplement.

• Each Loan Tranche may be an Index-Linked Redemption Loan Tranche, a Bullet Loan Tranche, a Scheduled Repayment Loan Tranche, a Controlled Repayment Loan Tranche, a Pass-Through Loan Tranche or a combination of any of the foregoing, depending upon the Redemption/Payment Basis shown in the applicable Loan Tranche Supplement.

• Subject to Clause 5.2, to the extent that there are insufficient funds available to pay interest on a Loan Tranche on any Funding 2 Interest Payment Date, the shortfall in the interest amount payable will not then fall due but will instead be due on the following Funding 2 Interest Payment Date on which sufficient funds are available to pay such interest, and pending such payment, will accrue interest at the rate specified for such Loan Tranche in the applicable Loan Tranche Supplement.

• Subject to Clause 5.1 (Recourse limited to available funds), Funding 2 shall pay interest in respect of a Loan Tranche on the Loan Payment Dates specified for such Loan Tranche in the applicable Loan Tranche Supplement.

More Definitions of Loan Tranche Supplement

Loan Tranche Supplement means, in relation to any Loan Tranche, the document between, amongst others, Funding 2 and the Master Issuer recording the principal terms of such Loan Tranche;