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

• Each of the existing Tranche B Term Lenders holding existing Tranche B Term Loans shall have the option to make a cashless exchange of the full face amount of its portion of the Tranche B Term Loans to Second Incremental Tranche B Term Loans, or to increase or decrease its Tranche B Term Loan Commitments thereunder.

• Administrative Agent shall take any and all action as may be reasonably necessary to ensure that any Second Incremental Tranche B Term Loans are included in each repayment of Tranche B Term Loans on a pro rata basis.

• WFS will have the “left” and “highest” placement in any and all marketing materials or other documentation used in connection with the Second Incremental Tranche B Term Loan Commitments and shall hold the leading role and responsibilities conventionally associated with such placement, including maintaining sole physical books for the Second Incremental Tranche B Term Loan Commitments and the Second Incremental Tranche B Term Loans.

• Upon the occurrence of the Refinancing Effective Date, the Second Incremental Tranche B Term Loan Commitments and any Second Incremental Tranche B Term Loans shall automatically and without further action by any Person constitute, for all purposes of the Credit Agreement and the other Loan Documents, Tranche B Term Loan Commitments and Tranche B Term Loans, respectively.

• Such amounts shall be due and payable to the Tranche B Term Lenders on the date of effectiveness of such Repricing Event.

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.