Tranche definition

Tranche the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been made on the same day).

Tranche means, in relation to a Series of ETP Securities issued on any date, the ETP Securities that are issued on the same Issue Date with the same Principal Amount.

Tranche means a group of Securities which (a) are of the same series and (b) have identical terms except as to principal amount and/or date of issuance.

Examples of Tranche in a sentence

• An additional one-third (1/3) of the Purchaser Securities issued to each Vendor (the "Second Tranche") shall be free trading and released from the Lock-Up Restrictions upon the first date on which the closing price of the common shares of Purchaser equals or exceeds $0.10 per share on the Exchange (the "Price Condition A").

• One-third (1/3) of the Purchaser Securities issued to each Vendor (the "First Tranche") shall be free trading and released from the Lock-Up Restrictions upon the Closing Date.

• The release of the Second Tranche shall occur automatically upon the satisfaction of Price Condition A , and the Purchaser shall promptly notify its transfer agent to remove the restrictive legend/ notation representing Price Condition A.

• The release of the Final Tranche shall occur automatically upon the satisfaction of Price Condition B and the Purchaser shall promptly notify its transfer agent to remove the restrictive legend/notation representing Price Condition B.

• The remaining one-third (1/3) of the Purchaser Securities issued to each Vendor (the "Final Tranche") shall be free trading and released from the Lock-Up Restrictions upon the first date on which the closing price of the common shares of Purchaser equals or exceeds $0.18 per share on the Exchange (the "Price Condition B").

More Definitions of Tranche

Tranche means, in relation to a Series, those Notes of that Series that are issued on the same date at the same issue price and in respect of which the first payment of interest is identical;

Tranche means the respective facility and commitments utilized in making Loans hereunder, with there being three separate Tranches, i.e., Term Loans, Revolving Loans and Swingline Loans.

Tranche means the collective reference to LIBOR Rate Loans whose Interest Periods begin and end on the same day. A Tranche may sometimes be referred to as a “LIBOR Tranche”.

Tranche means a contractually established segment of the credit risk associated with an exposure or number of exposures, where a position in the segment entails a risk of credit loss greater than or less than a position of the same amount in each other such segment, without taking account of credit protection provided by third parties directly to the holders of positions in the segment or in other segments;

Tranche means the collective reference to (a) LIBOR Rate Loans whose Interest Periods begin and end on the same day and (b) Alternate Base Rate Loans made on the same day.

Tranche means a category of Commitments and extensions of credit thereunder. For purposes hereof, each of the following comprises a separate Tranche: (a) Multicurrency Tranche Commitments, Multicurrency Tranche Revolving Loans and Multicurrency Tranche Letters of Credit, (b) Dollar Tranche Commitments, Dollar Tranche Revolving Loans, Dollar Tranche Letters of Credit and Swingline Loans and (c) Term Loan Commitments and Term Loans.

Tranche means Tranche A or Tranche B.