Tranche 1 Interest Rate definition

Tranche 1 Interest Rate means, with respect to the Tranche 1 Loan, the Tranche 1 Pre-Completion Interest Rate and the Tranche 1 Post-Completion Interest Rate.
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Tranche 1 Interest Rate as defined in Schedule 2.02 hereto.
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Tranche 1 Interest Rate means 7.70 per cent. per annum.
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Examples of Tranche 1 Interest Rate in a sentence

  • In contrast, the walleye have decreased 2.5 fold from 41% (2008) to 18% of the fish collected.

  • The Tranche 1 Funding Spread component of the Tranche 1 Interest Rate shall be reset as of each Interest Payment Date.

  • The Tranche 1 Interest Rate shall accrue from day to day, begin to accrue with respect to each Disbursement from and including the Disbursement Date, and be pro-rated on the basis of the Tranche 1 Day Count Fraction for each Interest Period.

  • All Loans made under the Tranche 1 Commitment ("Tranche 1 Loans") shall be evidenced by the Tranche 1 Note originally dated May 28, 1996, and all such Tranche 1 Loans shall have a stated maturity that is the Tranche 1 Maturity Date, and will bear interest at the Tranche 1 Interest Rate from and including the borrowing date of such Tranche 1 Loan until such Tranche 1 Loan or any amount thereof is paid in full (whether on the Tranche 1 Maturity Date, by acceleration or otherwise).


More Definitions of Tranche 1 Interest Rate

Tranche 1 Interest Rate payable in kind on a monthly basis for the first nine (9) months of the term of the Facility and payable half in cash and half in kind on a monthly basis thereafter. Tranche 2: [TEXT REDACTED] per annum (the “Tranche 2 Interest Rate”), payable in kind on a monthly basis for the first nine (9) months of the term of the Facility and payable half in cash and half in kind on a monthly basis thereafter.
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Tranche 1 Interest Rate means, tested by the Lender on a quarterly basis, when all of the following are true: (i) the Aggregate Borrowing Base Loan to Value is less than or equal to sixty percent (60%), (ii) the Aggregate Borrowing Base Debt Yield is greater than or equal to twelve percent (12%), and (iii) the Aggregate Debt Service Coverage Ratio is greater than or equal to 1.40 to 1.00.
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Related to Tranche 1 Interest Rate

  • Class A-1 Interest Rate means [ ]% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360-day year).

  • Revolving Interest Rate means an interest rate per annum equal to (a) the sum of the Alternate Base Rate plus the Applicable Margin with respect to Domestic Rate Loans and (b) the sum of the Eurodollar Rate plus the Applicable Margin with respect to Eurodollar Rate Loans.

  • Class C Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A Interest Rate has the meaning assigned to such term in the Indenture.

  • Class B Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class E Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class D Interest Rate means 3.49% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-2-A Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Daily Interest Rate means an amount calculated by dividing the interest rate payable to a Lender on a Loan (as set forth in subsection 2.2) as of each calendar day by three hundred sixty (360).

  • Stripped Interest Rate For each Mortgage Loan, the excess, if any, of the Net Mortgage Rate for such Mortgage Loan over the Remittance Rate.

  • Class A-2-B Interest Rate means LIBOR + 0.27% per annum (computed on the basis of the actual number of days elapsed during the applicable Interest Period, but assuming a 360 day year); provided, however, that for any Interest Period for which the sum of LIBOR + 0.27% is less than 0.00%, the Class A-2-B Interest Rate shall be deemed to be 0.00%.

  • Prime Interest Rate means the publicly quoted variable annual basic rate of interest, published from time to time by the bankers of FUNDI as being their prime rate and as certified by the auditors of FUNDI, whose appointment it shall not be necessary to prove. Details of such bankers will be provided to the Applicant when so requested in writing.

  • Class A-4 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Class A-3 Interest Rate means [ ]% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Note Interest Rate means a per annum rate equal to 0.06% in excess of LIBOR as determined by the Calculation Agent on the related LIBOR Determination Date with respect to each Interest Period.

  • Class A-2b Interest Rate means LIBOR + 0.16% per annum (computed on the basis of the actual number of days elapsed, but assuming a 360-day year).

  • Term Loan Interest Rate means for any day a per annum rate of interest equal to the greater of either (i) 9.25% plus the prime rate as reported in The Wall Street Journal minus 3.50% and (ii) 9.25%.

  • Class A-2a Interest Rate means 0.45% per annum (computed on the basis of a 360-day year of twelve 30-day months).

  • Loan Interest Rate means, as to any Loan, the annual rate of interest specified in the Loan.

  • PIK Interest Rate means (a) in respect of any Interest Period, the Additional Tax Payer Protection Rate plus (b) in respect of any Interest Period ending on or prior to the first anniversary of the date hereof, the Adjusted LIBO Rate plus the Applicable Rate.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Base Interest Rate means Bank's initial cost of funding the Fixed Obligations. The Prepayment Fee is calculated as follows: First, Bank determines a "Current Market Rate" based on what the Bank would receive if it loaned the remaining amount on the prepayment date in a wholesale funding market matching maturity, remaining principal and interest amounts and principal and interest payment dates (the aggregate payments received are the "Current Market Rate Amount"). Bank may select any wholesale funding market rate as the Current Market Rate. Second, Bank will take the prepayment amount and calculate the present value of each remaining principal and interest payment which, without prepayment, the Bank would have received during the term of the Fixed Obligations using the Base Interest Rate. The sum of the present value calculations is the "Xxxx to Market Amount." Third, the Bank will subtract the Current Market Rate Amount from the Xxxx to Market Amount. Any amount greater than zero is the Prepayment Fee.

  • Applicable Interest Rate means the rate of interest prescribed under the Act from time to time;

  • Fixed Interest Rate means the annual interest rate of five and forty hundredths percent (5.40%).

  • Class A-1 Note Interest Rate means a rate per annum equal to 0.64000%.