Prime Rate Tranche definition

Prime Rate Tranche means the Tranche which bears interest based upon the Base Rate, as determined in accordance with Section 2.5.
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Prime Rate Tranche. - means each portion of the Loan to which the Adjusted Prime Rate applies.
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Prime Rate Tranche. - means each proportion of the Loan to which the Adjusted Prime Rate applies.
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Examples of Prime Rate Tranche in a sentence

  • The "Type" of a Tranche refers to the determination whether such tranche is a LIBOR Tranche or a Prime Rate Tranche.

  • Each such continuation or conversion shall be deemed to create a new LIBOR Tranche or increase or decrease the amount of the Prime Rate Tranche, as applicable, for all purposes of this Agreement.

  • The Prime Rate Tranche shall bear interest at a per annum interest rate equal to the Base Rate in effect from time to time plus the Applicable Margin for the Prime Rate Tranche in effect from time to time.

  • All Investment allocated to any such terminated Eurodollar Tranche shall be reallocated to a Prime Rate Tranche.

  • In each case in which a portion of the related Note Principal Balance is not allocated to a CP Tranche or a LIBOR Tranche it shall be a Prime Rate Tranche.


More Definitions of Prime Rate Tranche

Prime Rate Tranche means any portion of the Note Principal Balance of any Note that is not a CP Tranche or a LIBOR Tranche.
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Prime Rate Tranche means any Tranche which bears interest based upon the Adjusted Prime Rate, as determined in accordance with Section 2.5.
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Prime Rate Tranche means a Tranche bearing interest at the Note Prime Rate.
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Prime Rate Tranche means that portion of the Series ▇▇▇▇-▇ ▇▇▇▇▇▇▇▇▇ ------------------ Invested Amount not allocated to a CP/LIBOR Rate Tranche and for which interest is calculated by reference to the Alternate Base Rate.
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Prime Rate Tranche means a Tranche the interest on which is calculated with reference to an Adjusted Prime Rate.
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Prime Rate Tranche means any portion of the Revolving Credit to which the Adjusted Prime Rate applies.
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Prime Rate Tranche means a portion of the outstanding Purchase Price on Open Transactions on which the Pricing Rate is determined by reference to the Prime Rate.
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