Amortisation Amount definition

Amortisation Amount means in respect of each principal payment that is received by the Issuer in respect of the Charged Assets:

Amortisation Amount. ’ means, in respect of any Payment Date during the Amortisation Period, an amount equal to the Swap Notional Amount on such date (prior to any amortisation on such date) minus the Reference Portfolio Notional Amount on such date, subject to a minimum of zero.

Amortisation Amount means (i) on a Payment Date falling during the Revolving Period and if and to the extent the amounts standing to the credit of the Accumulation Account do not exceed 10% of the Aggregate Discounted Receivables Balance on two consecutive Payment Dates, zero or (ii) on any Payment Date during the Revolving Period if and to the extent the amounts standing to the credit of the Accumulation Account exceed 10% of the Aggregate Discounted Receivables Balance after two consecutive Payment Dates and on any Payment Date falling after the end of the Revolving Period, the Principal Payment Amount.

Examples of Amortisation Amount in a sentence

• Notwithstanding the foregoing priorities, the Controlled Amortisation Amount payable in respect of each Class of Notes is determined by a schedule that indicates the target balance for that Class of Notes on the relevant Payment Date and not all Classes of Notes are scheduled to receive payments of principal on each Payment Date, with some lower ranking Classes of Notes being repaid principal before higher ranking Classes of Notes.

• Repayment of principal in respect of the Controlled Amortisation Amount on the Series 1 Class C Notes, the Series 2 Class C Notes and the Series 3 Class C Notes will be made in no order of priority among them but in proportion to the respective Controlled Amortisation Amounts due on the Class C Notes.

• However, repayment of principal in respect of the Controlled Amortisation Amount on the Class M Notes will be made ahead of repayment of principal in respect of the Controlled Amortisation Amount on the Class C Notes.

• Repayment of principal in respect of the Controlled Amortisation Amount on the Series 1 Class M Notes, the Series 2 Class M Notes and the Series 3 Class M Notes will be made in no order of priority among them but in proportion to the respective Controlled Amortisation Amounts due on the Class M Notes.

• However, repayment of principal in respect of the Controlled Amortisation Amount on the Class B Notes will be made ahead of repayment of principal in respect of the Controlled Amortisation Amount on the Class M Notes.

More Definitions of Amortisation Amount

Amortisation Amount has the meaning given to it in Clause 6A;

Amortisation Amount. ’ means (i) for any Scheduled Payment Date, the Scheduled Amortisation Amount (if any) due on such date, and (ii) for any Early Amortisation Payment Date, the Early Amortisation Amount due on such date.

Amortisation Amount means each of the Class A Amortisation Amount and the Class B Amortisation Amount.

Amortisation Amount means, in respect of a calendar day t, the Outstanding Capital Amount calcu- lated in relation to a Zero Coupon Note pursuant to the following formula:RA =(1 + D )100DCFwhere:A means the Amortisation Amount;R means the Redemption Amount or, in the case of a Note which is a Zero Coupon Note and an Instal- ment Note, the Outstanding Instalments Amount as at the calendar day t;D means the numerator of the discount rate per annum indicated in the Final Terms (Part I, Clause 5: Redemption);DCF means the Day Count Fraction which would be applicable in accordance with Clause 4.7 if Interest were to be calculated for the period from, and including, the calendar day t to, but excluding, the Specified Redemption Date or, in the case of a Note which is a Zero Coupon Note and an Instalment Note, the last Specified Partial Redemption Date.

Amortisation Amount means, in respect of any Calculation Date, an amount equal to:

Amortisation Amount means, with respect to a Reference Obligation, a principal amount (arising as a result of scheduled or accelerated amortisation, acceleration of payment obligations, redemption or otherwise but excluding principal representing capitalised interest) determined by the Calculation Agent in respect of the portion (which portion shall not be limited by the actual principal outstanding of the Reference Obligation and therefore the relevant principal amount could be greater than the actual principal amount payable on the Reference Obligation) of such Reference Obligation to which this Transaction relates.

Amortisation Amount has the meaning ascribed to it in the Repurchase Agreement;