Credit Event Loss Amount definition

Credit Event Loss Amount means, in relation to an Event Determination Date, an amount, subject to a minimum of zero, equal to the product of:
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Credit Event Loss Amount means, in relation to an Event Determination Date, the product of:
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Credit Event Loss Amount. With respect to any Payment Date and:
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Examples of Credit Event Loss Amount in a sentence

  • Such resolutions may, inter alia, have the effect under the Notes that, without any further act or determination on the part of the Issuer or the Calculation Agent: (i) a "Credit Event" is deemed to have occurred; (ii) one or more "Successors" to the Reference Entity are determined; and (iii) if a Credit Event Determination Date occurs and an "Auction" is held, the Credit Event Loss Amount is determined by reference to the "Auction Final Price".

  • The Restructuring Affected Swap Value and the Restructuring Credit Event Loss Amount shall be determined separately in respect of each such Exercised Percentage.

  • The obligations valued for these purposes may be illiquid and such illiquiditymay be more pronounced following the occurrence of a Credit Event and related Credit Event Determination Date, thereby adversely affecting the value of such obligation which in turn will increase the Credit Event Loss Amount.

  • There are increased risks associated with Zero Recovery Credit Linked Notes In respect of any Credit Linked Notes where "Zero Recovery" is applicable, the Credit Event Redemption Amount will be zero, and the principal of the Credit Linked Notes will be reduced by the entire Notional Amount of the affected Reference Entity (being the Credit Event Loss Amount) without any corresponding payment to Holders.

  • Risks relating to settlement otherwise than by reference to an Auction If we in our capacity as Calculation Agent for purposes of the Credit Linked Notes determine that there is or will be no relevant Auction, we will determine the Credit Event Loss Amount by reference to quotations sought from third party dealers in relation to obligations of the relevant Reference Entity or eligible assets.


More Definitions of Credit Event Loss Amount

Credit Event Loss Amount means, with respect to a Credit Event Valuation Date or CDS Cash Settlement Valuation Date, as applicable, and the related Class of Notes, an amount determined by the Calculation Agent equal to the greater of (i) zero and (ii) the product of (a) the aggregate nominal amount of the Notes of such Class then outstanding (or, if applicable, the Exercise Percentage thereof), and (b) 100 per cent. minus either (x) the Auction Final Price or (y) the Valuation Obligations Value, as applicable;
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Credit Event Loss Amount means, for each Credit Trigger and each Credit Linked Note, an amount determined in accordance with the following formula:Max (0, [Triggered Amount x (100 per cent. - Final Price)])
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Credit Event Loss Amount means, in respect of a Restructuring Credit Event, the aggregate amount of any value reduction or other similar debit to the profit and loss account of the Relevant Lender calculated in accordance with applicable accounting principles and directly attributable to the Reference Obligation (but excluding any debit relating to any interest break costs in connection with that Reference Obligation);
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Credit Event Loss Amount means, zero, except if a Credit Event has occurred in which case this shall be an amount determined by the Calculation Agent in the Specified Currency determined by the Calculation Agent equal to the greater of (i) zero and (ii) the product of (a) the Floating Rate Payer Calculation Amount of the Reference Entity; and (b) 100 per cent. minus either (x) the Auction Final Price or (y) the Valuation Obligations Value, as applicable;
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Related to Credit Event Loss Amount

  • Unpaid Realized Loss Amount With respect to any Class A Certificates and as to any Distribution Date, is the excess of Applied Realized Loss Amounts with respect to such Class over the sum of all distributions in reduction of the Applied Realized Loss Amounts on all previous Distribution Dates. Any amounts distributed to the Class A Certificates in respect of any Unpaid Realized Loss Amount shall not be applied to reduce the Certificate Principal Balance of such Class.

  • Monthly Loss Amount means the sum of all Foreclosure Losses, Restructuring Losses, Short Sale Losses, Portfolio Losses, Modification Default Losses and Deficient Losses realized by the Assuming Institution for any Shared Loss Month.

  • Monthly Shared-Loss Amount means the change in the Cumulative Shared- Loss Amount from the beginning of each month to the end of each month.

  • Net Loss Amount means the sum of Cumulative Loss Amounts under this Single Family Shared-Loss Agreement and Aggregate Net Charge-Offs under the Commercial Shared-Loss Agreement.

  • Specified Spread Account Balance means on the Closing Date, % of the sum of the Pool Balance as of the [Initial] Cutoff Date and on any Payment Date thereafter the lesser of, (a) % of the [sum of (i) the] Pool Balance as of the [Initial] Cutoff Date [plus (ii) the aggregate Contract Value of all Subsequent Receivables sold to the Trust as of their respective Cutoff Dates] and (b) the outstanding principal amount of the Notes. However, if (A) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) will be reduced to % on such Payment Date and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Dates as provided in the following clauses (B), (C) or (D); (B) if the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Date in [Month] 20XX or any Payment Date thereafter and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (C) or (D); (C) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter unless further reduced on the Payment Date as provided in the following clause (D); and (D) the Specified Spread Account Reduction Trigger is met on the Payment Date in [Month] 20XX or any Payment Date thereafter, the percentage in clause (a) of the preceding sentence will be reduced to % on such Payment Date (regardless of whether the Specified Spread Account Reduction Trigger was met on the Payment Dates in [Month] 20XX or any Payment Date thereafter, [Month] 20XX or any Payment Date thereafter or [Month] 20XX or any Payment Date thereafter) and will remain at such percentage for each Payment Date thereafter. In addition to the ability to amend the “Specified Spread Account Balance” definition pursuant to Section 9.1(a) of the Indenture, the Specified Spread Account Balance may also be reduced or modified without the consent of the Holders of the Notes if the Rating Agency Condition is satisfied with respect to such reduction or modification.

  • Reserve Account Excess Amount means, with respect to any Payment Date, an amount equal to the excess, if any, of (a) the amount of cash or other immediately available funds in the Reserve Account (excluding any net investment earnings) on that Payment Date, after giving effect to all deposits to and withdrawals from the Reserve Account on such Payment Date, over (b) the Specified Reserve Account Balance with respect to such Payment Date.

  • DC Credit Event Announcement means, with respect to the Reference Entity, a public announcement by the DC Secretary that the relevant Credit Derivatives Determinations Committee has Resolved that an event that constitutes a Credit Event has occurred on or after the Credit Event Backstop Date and on or prior to the Extension Date, provided that if the Credit Event occurred after the Scheduled Maturity Date, the DC Credit Event Announcement must relate to the relevant Potential Failure to Pay, in the case of a Grace Period Extension Date, or the relevant Potential Repudiation/Moratorium, in the case of a Repudiation/Moratorium Evaluation Date.

  • Yield Supplement Overcollateralization Amount means, with respect to any calendar month and the related Payment Date, or with respect to the Closing Date, the aggregate amount by which the Principal Balance as of the last day of the related Collection Period or the Cutoff Date, as applicable, of each of the related Receivables with an APR as stated in the related contract of less than the Required Rate, other than Defaulted Receivables, exceeds the present value, calculated by using a discount rate equal to the Required Rate, of each scheduled payment of each such Receivables assuming such scheduled payment is made on the last day of each month and each month has 30 days.

  • Data Loss Event means any event that results, or may result, in unauthorised access to Personal Data held by the Contractor under this Agreement, and/or actual or potential loss and/or destruction of Personal Data in breach of this Agreement, including any Personal Data Breach.

  • Loss Amount means the dollar amount of loss incurred and reported on the Monthly Certificate for a Shared-Loss Loan.