Minimum Original Principal Amounts; Minimum Original Notional Principal Amounts and Transfers Sample Clauses

Minimum Original Principal Amounts; Minimum Original Notional Principal Amounts and Transfers. Unless otherwise provided in the related Terms Supplement, the Administrator shall issue, maintain and transfer Regular Classes (other than Retail Classes) and MACR Classes on the Fed System in minimum original principal amounts (or minimum original notional principal amounts) shown in the following table and additional increments of $1. If a Regular Class is of more than one type, its minimum is the greater of the applicable minimum amounts shown. Minimum Original Principal or Notional Type of Class Principal Amount Jump or Notional (Jump) $1,000,000 Ascending Rate ⎫ Descending Rate Interest Only Interest Rate Cap Principal Only Inverse Floating Rate Non-Sticky Jump Shifting Payment Percentage Sticky Jump Structured Formula Toggle ⎪ ⎪ ⎪ ⎪ ⎬ ⎪ . . . . . . . . . . . . . . . . . . . . 100,000 ⎪ ⎪ ⎪ ⎪ ⎭⎪ Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000 Notwithstanding the foregoing, Mortgage Securities shall be initially issued and held by the Administrator in non-certificated form on the books and records of the Administrator. If at any time Mortgage Securities are held in non-certificated form, upon the written request of the Holders of at least 50% of the then outstanding principal amount of the related Upper-Tier Classes, the Administrator shall issue certificates in definitive form representing such Mortgage Securities. Upon receipt by the Administrator of a written request by the Holder of an interest in a Lower-Tier Regular Class held in non-certificated form to have such interest represented in certificated form, the Administrator shall issue a Certificate in certificated form representing such interest. A Certificate maintained on the Fed System or DTC System shall not be transferred if, as a result of the transfer, the transferor or the transferee would have on deposit in its account Certificates of the same Class having an original principal amount (or an original notional principal amount) of less than the applicable minimum amount. Transfers of Regular Classes and MACR Classes maintained on the Fed System shall also be subject to any applicable Federal Reserve Bank minimum wire transfer requirements. The Federal Reserve Banks shall maintain a book-entry recordkeeping system for all transactions in Certificates on the Fed System. The issuance and recordation of, and transfers of interests (including security interests) in, Certificates maintained on the Fed System shall be governed by the Book-Entry...
Sample 1Sample 2See All (8)
AutoNDA by SimpleDocs
Minimum Original Principal Amounts; Minimum Original Notional Principal Amounts and Transfers. Unless otherwise provided in the related Terms Supplement, the Administrator shall issue, maintain and transfer Regular Classes (other than Retail Classes) and MACR Classes on the Fed System in minimum original principal amounts (or minimum original notional principal amounts) shown in the following table and additional increments of $1. If a Regular Class is of more than one type, its minimum is the greater of the applicable minimum amounts shown. Type of Class‌‌‌ Minimum Original Principal or Notional Principal Amount Jump or Notional (Jump) ................................................. $1,000,000 Ascending Rate Descending Rate Interest Only Interest Rate Cap Principal Only Inverse Floating Rate ............................ 100,000 Non-Sticky Jump Shifting Payment Percentage Sticky Jump Structured Formula Toggle Other................................................................................... 1,000 Notwithstanding the foregoing, Mortgage Securities shall be initially issued and held by the Administrator in non-certificated form on the books and records of the Administrator. If at any time Mortgage Securities are held in non-certificated form, upon the written request of the Holders of at least 50% of the then outstanding principal amount of the related Upper-Tier Classes, the Administrator shall issue certificates in definitive form representing such Mortgage Securities. Upon receipt by the Administrator of a written request by the Holder of an interest in a Lower-Tier Regular Class held in non-certificated form to have such interest represented in certificated form, the Administrator shall issue a Certificate in certificated form representing such interest. A Certificate maintained on the Fed System or DTC System shall not be transferred if, as a result of the transfer, the transferor or the transferee would have on deposit in its account Certificates of the same Class having an original principal amount (or an original notional principal amount) of less than the applicable minimum amount. Transfers of Regular Classes and MACR Classes maintained on the Fed System shall also be subject to any applicable Federal Reserve Bank minimum wire transfer requirements. The Federal Reserve Banks shall maintain a book-entry recordkeeping system for all transactions in Certificates on the Fed System. The issuance and recordation of, and transfers of interests (including security interests) in, Certificates maintained on the Fed System shall be governed by ...
Sample 1See All (4)

Related to Minimum Original Principal Amounts; Minimum Original Notional Principal Amounts and Transfers

  • Reductions in Class Principal Balances of the Notes On each Payment Date on or prior to the Termination Date, the Class Principal Balance of each Class of Original Notes will be reduced (in each case without regard to any exchanges of Exchangeable Notes for MAC Notes), without any corresponding payment of principal, by the amount of the reduction, if any, in the Class Notional Amount of the Corresponding Class of Reference Tranche due to the allocation of Tranche Write-down Amounts to such Class of Reference Tranche on such Payment Date pursuant to Section 3.03(b) above. If on the Maturity Date or any Payment Date a Class of MAC Notes is outstanding, all Tranche Write-down Amounts that are allocable to Exchangeable Notes that were exchanged for such MAC Notes will be allocated to reduce the Class Principal Balances or Notional Principal Amounts, as applicable, of such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

  • Increases in Class Principal Balances of the Notes On each Payment Date on or prior to the Termination Date, the Class Principal Balance of each Class of Original Notes will be increased (in each case without regard to any exchanges of Class M Notes for MAC Notes) by the amount of the increase, if any, in the Class Notional Amount of the Corresponding Class of Reference Tranche due to the allocation of Tranche Write-up Amounts to such Class of Reference Tranche on such Payment Date pursuant to Section 3.03(c) above. If on the Maturity Date or any Payment Date a Class of MAC Notes is outstanding, all Tranche Write-up Amounts that are allocable to Class M Notes that were exchanged for such MAC Notes will be allocated to increase the Class Principal Balances or Notional Principal Amounts, as applicable, of such MAC Notes in accordance with the exchange proportions applicable to the related Combination.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • Minimum Balance Requirements To be a member and maintain Accounts with Us You must purchase 1 share in the Credit Union. The par value of a share in this Credit Union is $10.00. If the balance in Your primary savings Account drops below 1 share ($10.00), at any time, We may, at Our option, close Your Account. Nonsufficient Funds Returns. Any check or pre-authorized transfer, or transaction made through the use of a debit card, or other electronic means, as is applicable (including any in-person transaction), that is presented to Us for payment on Your Account when Your Account lacks sufficient collected funds to pay any such item may, at Our option, be returned for nonsufficient funds or We may honor any such item and charge You a fee for doing so. Overdraft Balance Calculation. When processing transactions that debit or credit Your Account, We start each Business Day with Your final Account balance from the preceding Business Day. The final balance takes into Account all of the debit and credit transactions that were settled that Business Day pursuant to Our Funds Availability Policy, as well as any other debits or credits to Your Account that were finally settled that day, as described above in the "Deposit of Items" and "Collection and Processing of Items" sections of the Account Agreement. This starting balance at the beginning of a Business Day (the preceding Business Day's final balance) is sometimes referred to as Your "actual balance." As credits and debits to Your Account are received by Us, We add them to and subtract them from Your actual balance. Examples of credits include, but are not limited to, electronic direct deposits, check deposits that have been fully and finally collected, ACH credits that have settled that day, and cash deposits made to one of Our tellers. Examples of debits include, but are not limited to, checks drawn on Your Account that are presented to Us for payment together with such checks that are returned unpaid and subsequently represented for payment, electronic fund transfer (EFT) debit transactions (such as preauthorized payments and settled EFT debits) and all reinitiated electronic fund transfer (EFT) debit transactions (such as preauthorized payments), memo-posted EFT debits (EFT debits that We have authorized but which have not been settled), and all Credit Union fees and charges. As noted above, these examples are not an exhaustive list and should not be construed as such. The result of this calculation at any given point in time is called Your "available balance." For the purpose of determining whether an overdraft has occurred, We use Your available balance. First, We add all of the settled credit transactions to the beginning actual balance. Then, We subtract all of the debit transactions that settled that day. We also subtract all of the pending debit transactions. This determines the available balance for overdraft purposes. Each debit transaction that We process when Your Account has, or will have, a negative available balance is an overdraft, subject to an overdraft charge. Subject to applicable law, You are responsible for paying any overdraft fees and charges assessed in connection with Our payment of an overdraft, as well as any NSF fees charged to Your Account when We dishonor and return an item for non- sufficient funds. It is Your responsibility to know Your Account balance, and if You have any questions You should contact a Credit Union representative.

  • Minimum Balance Merchant agrees to maintain a minimum balance of funds in the Settlement Account as Bank may specify to Merchant in writing from time to time.

  • Maximum Class Size A. By September 7 of each year, no regular classroom teacher in an elementary school shall be assigned more than the number of students for each grade listed except as provided in 22-2-B and 22-8 below. K = 26 1-3 = 29 4-6 = 30 Combination = 27 Multi-Age Classes = 27

  • Loan Amount 5. ACCOUNT NAME(S) .............................................................................................................................................................................. BANK NAME / BRANCH ...................................................................................................................................................................

  • Allocation of Senior Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Senior Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Allocation of Subordinate Reduction Amount to the Reference Tranches On each Payment Date prior to the Termination Date, after allocation of the Senior Reduction Amount and the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date as described above, the Subordinate Reduction Amount will be allocated to reduce the Class Notional Amount of each Class of Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero:

  • Refinancing Preparation Advance; Capitalizing Front-end Fee and Interest (a) If the Loan Agreement provides for the repayment out of the proceeds of the Loan of an advance made by the Bank or the Association (“Preparation Advance”), the Bank shall, on behalf of such Loan Party, withdraw from the Loan Account on or after the Effective Date the amount required to repay the withdrawn and outstanding balance of the advance as at the date of such withdrawal from the Loan Account and to pay all accrued and unpaid charges, if any, on the advance as at such date. The Bank shall pay the amount so withdrawn to itself or the Association, as the case may be, and shall cancel the remaining unwithdrawn amount of the advance.”

Time is Money Join Law Insider Premium to draft better contracts faster.