Examples of Notional Principal Amount in a sentence
On each Payment Date, the Global Agent shall write up or write down the Class Principal Balance or Notional Principal Amount, as applicable, of each Class of Notes, as applicable, as determined pursuant to the Debt Agreement and agreed to by Issuer and the Global Agent.
Because the Notional Principal Amount of the Class B-1I Notes is based on the Class Principal Balance of the Class B-1D Notes, any Tranche Write-up Amounts allocated to the Class B-1D Notes will result in an increase in the Notional Principal Amount of the Class B-1I Notes calculated in accordance with its Notional Principal Amount definition.
Because the Notional Principal Amount of the Class B-1I Notes is based on the Class Principal Balance of the Class B-1D Notes, any Tranche Write-down Amounts allocated to the Class B-1D Notes will result in a decrease in the Notional Principal Amount of the Class B-1I Notes calculated in accordance with its Notional Principal Amount definition.