Tranche Rate definition

Tranche Rate means the CP Rate, the Base Rate or the Eurodollar Rate.

Tranche Rate means and refer to the Successor Rate.

Tranche Rate means (a) at any time prior to the occurrence of a Trigger Event, [*], and (b) at any time on or after the occurrence of a Trigger Event, [*];

Examples of Tranche Rate in a sentence

• Notwithstanding any other provisions hereof, if any Law shall make it unlawful for Lender to make, fund or maintain Tranche Rate Loans or Daily Simple SOFR Rate Loans, Lender shall promptly give notice of such circumstances to Borrower.

• Any prepayment of a Tranche Rate Loan on a day other than the last day of an Interest Period therefor shall include interest on the principal amount being repaid and shall be subject to Section 2.5(c).

• Subject to the provisions of Section 9.2, Borrower may request that Revolving Credit Advances permitted to be made hereunder be Tranche Rate Loans or Daily Simple SOFR Rate Loan and that outstanding portions of Advances made hereunder be converted to Tranche Rate Loans or Daily Simple SOFR Rate Loans.

• All prepayments of an Advance shall be applied first to that portion of such Advance comprised of Base Rate Loans and then to that portion of such Advance comprised of Tranche Rate Loans, in direct order of Interest Period maturities.

• If any Event of Default has occurred and is continuing, such amounts shall be applied as provided in Section 9.3. All prepayments made pursuant to Section 2.2(b) must be accompanied by payment of any Tranche Rate funding breakage costs in accordance with Section 2.5(c).

More Definitions of Tranche Rate

Tranche Rate means either (i) the CP Rate quoted for the CP Tranche; (ii) the Eurodollar Rate for a Eurodollar Tranche; or (iii) the Base Rate for a BR Tranche.

Tranche Rate means for any Fixed Period, with respect to any Funding Tranche, a per annum rate equal to the sum of (i) the applicable Funding Rate of the applicable Purchaser for such Fixed Period plus (ii) if such Funding Tranche is funded at the CP Rate, the weighted average of the applicable Program Rates applicable to such Fixed Period.

Tranche Rate means, with respect to any Tranche, the rate (which shall be ------------ either the CP Rate, Base Rate, or the Eurodollar Rate as selected at the sole discretion of the Administrative Agent) at which such Tranche is funded or maintained by the applicable Transferee; it being understood that at all times on and after the occurrence and continuation of a Trigger Event, the Tranche Rate with respect to any Tranche, for any Transferee shall be equal to the Base Rate applicable to such Transferee, plus 2.00% per annum.

Tranche Rate means, with respect to any Interest Period, the greater of (a) zero percent per annum (0.00%) (the "Floor") and (b) Term SOFR relating to quotations for 1 or 3 months, as selected by Borrower in its Borrowing Request, or as otherwise set pursuant to the terms of this Agreement, as applicable. Each determination by Administrative Agent of the Tranche Rate shall be conclusive and binding in the absence of manifest error.

Tranche Rate means, with respect to any Interest Period, the greater of (a) 0% (the “Index Floor”) and (b) Term SOFR relating to quotations for 1 or 3 months, as selected by Borrower in its Notice of Borrowing or Notice of Conversion, or as otherwise set pursuant to the terms of this Agreement, as applicable. Each determination by Lender of the Tranche Rate shall be conclusive and binding in the absence of manifest error. Notwithstanding anything to the contrary contained in the Agreement, at any time during which a Rate Contract is then in effect with respect to all or a portion of the Obligations bearing interest based upon the Tranche Rate or any Successor Rate, the Index Floor shall be disregarded and no longer of any force and effect with respect to such Obligations (or portion thereof) subject to such Rate Contract.

Tranche Rate means the CP Rate, the Base Rate or the Eurodollar Rate, subject to Section 7.2(b); provided that, with respect to any Related Group, if: (i) a Conduit Cessation shall have occurred in respect of the Conduit Investor in such Related Group and (ii) such Conduit Investor shall have no Commercial Paper outstanding in support of its Net Investment hereunder, the Tranche Rate applicable to the Net Investment of any Investor in such Related Group shall be equal to the Eurodollar Rate in respect of the applicable Tranche Period plus the Program Fee; provided further that from and after the occurrence of the Termination Date, any Termination Event or any Potential Termination Event, the foregoing proviso shall cease to be given effect.

Tranche Rate means (a) at any time while the LMIR is available, the sum of the LMIR plus the Applicable Margin, and (b) at all other times, the sum of the Alternate Base Rate plus the Applicable Margin.