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

  • If the Company fails to make full payment when due of any form or type of payment to OPIC required by this Agreement (whether at the stated due date or by acceleration after the occurrence of an Event of Default) other than principal or interest, the Company shall pay default interest to OPIC on such payment default on demand from its due date until paid at a rate equal to 2%per annum in excess of the Tranche 1 Interest Rate (to the extent permitted by applicable law).

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

  • In Proceedings of the 1st international workshop on pervasive eye tracking & mobile eye-based interaction, ACM, New York, NY, USA, PETMEI ’11, 53–56.Dicks, M., Button, C., and Davids, K.

  • 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 0.75000% per annum (computed on the basis of the actual number of days elapsed, 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 4.99% per annum (computed on the basis of a 360-day year of twelve 30-day months).

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

  • Lower-Tier Interest Rate As described in the Preliminary Statement.

  • 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 1.49% 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 (i) (a) the prime rate as reported in The Wall Street Journal, plus (b) 5.90%, and (ii) 9.15%.

  • Class A-2a Interest Rate means [●]% per annum (computed on the basis of a 360-day year consisting 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 a rate of interest based on the LIBOR-Rate. "Base Interest Rate Loan" means amounts outstanding under this note that bear interest at a Base Interest Rate. "Base Rate Maturity Date" means the last day of the Interest Period with respect to principal outstanding under a Base Interest Rate Loan. "Business Day" means a day on which Bank is open for business for the funding of corporate loans, and, with respect to the rate of interest based on the LIBOR Rate, on which dealings in U.S. dollar deposits outside of the United States may be carried on by Bank. "Interest Period" means with respect to funds bearing interest at a rate based on the LIBOR Rate, any calendar period of one, three, six, nine or twelve months. In determining an Interest Period, a month means a period that starts on one Business Day in a month and ends on and includes the day preceding the numerically corresponding day in the next month. For any month in which there is no such numerically corresponding day, then as to that month, such day shall be deemed to be the last calendar day of such month. Any Interest Period which would otherwise an on a non-Business Day shall end on the next succeeding Business Day unless that is the first day of a month, in which event such Interest Period shall end on the next preceding Business Day. "LIBOR Rate" means a per annum rate of interest (rounded upward, if necessary, to the nearest 1/100 of 1%) at which dollar deposits, in immediately available funds and in lawful money of the United Sates would be offered to Bank, outside of the United Sates, for a term coinciding with the Interest Period selected by Debtor and for an amount equal to the amount of principal covered by Debtors' interest rate selection, plus Bank's costs, including the costs, if any, of reserve requirements. "Origination Date" means the first day of the Interest Period. "Reference Rate" means the rate announced by Bank from time to time at its corporate headquarters as its Reference Rate. The Reference Rate is an index rate determined by Bank from time to time as a means of pricing certain extensions of credit and is neither directly tied to any external rate of interest or index nor necessarily the lowest rate of interest or index nor necessarily the lowest rate of interest charged by Bank at any given time.

  • Applicable Interest Rate means, (i) with respect to each Revolving Credit Advance and Term Loan Advance, the Eurodollar-based Rate or the Base Rate, and (ii) with respect to each Swing Line Advance, the Base Rate or, if made available to the Borrower by the Swing Line Lender at its option, the Quoted Rate, in each case as selected by the Borrower from time to time subject to the terms and conditions of this Agreement.

  • 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%.