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

Examples of Amortisation Amount in a sentence

• The Controlled Amortisation Amount of each class of Current Issuer Notes for each Payment Date is as set forth on Schedule 4.

• The outstanding principal amount of the Notes shall be reduced by the Amortisation Amount for all purposes with effect from the relevant Amortisation Date such that the outstanding aggregate principal amount of the Notes following such reduction shall be as specified in column C below, unless the payment of the relevant Amortisation Amount is improperly withheld or refused.

• 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.

• If there are insufficient Funding 1 Available Principal Receipts available to repay a Loan Tranche when that Loan Tranche is due and payable (either in full or up to its Scheduled Amortisation Amount), then the shortfall will be repaid on subsequent Funding 1 Interest Payment Dates from Funding 1 Available Principal Receipts until that Loan Tranche is fully repaid or, as applicable, the Scheduled Amortisation Amount is fully repaid.

• 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.

More Definitions of Amortisation Amount

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.

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:

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

Amortisation Amount means the Early Redemption Amount per Specified Denomination calculated in relation to Zero Coupon Notes that are Notes in the Standard Format, Notes in the Eligible Liabilities Format or Notes in the Tier 2 Instruments Format pursuant to the following formula:NA =(1 + D )100DCFwhere:A means the Amortisation Amount per Specified Denomination;N means the amount of the Specified Denomination;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 Early Redemption Date to, but excluding, the Specified Redemption Date.

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

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 means the amount of principal remaining on the Loan immediately prior to the relevant Instalment Date divided by the remaining number of Instalment Dates.”