Distributable Principal Amount means, as of any date, an amount equal to the aggregate Outstanding Principal Balance of the Notes on such date (after giving effect to any adjustments applicable thereto as a result of the occurrence of any Event Determination Date or as a result of any Additional Loss Payment to be paid by the Issuer on such date or any Reinstatement Amount to be applied thereto on such date or applied in the immediately preceding Interest Period but before giving effect to any adjustments applicable thereto as a result of any principal payments to be made on such date) minus the Maximum Additional Tranche Loss Amount (but without double counting the aggregate Defaulted Notional Amount of all Defaulted Reference Obligations and/or the aggregate Verified Loss Amount in respect of all Pending Liquidated Reference Obligations, in each case, already accounted for in the calculation of components of the Outstanding Principal Balance).
Distributable Principal Amount means, as of any date, an amount equal to the aggregate Outstanding Principal Balance of the Notes on such date (after giving effect to any adjustments applicable thereto as a result of the occurrence of any Event Determination Date or as a result of any Additional Loss Payment to be paid by the Issuer on such date or any Reinstatement Amount to be applied thereto on such date or applied in the immediately preceding Interest Period but before giving effect to any adjustments applicable thereto as a result of any principal payments to be made on such date) minus the Payable Maximum Cash Settlement Amount.
Distributable Principal Amount means, as of any Payment Date, an amount equal to the aggregate Adjusted Principal Balance of the Notes on such Payment Date (before giving effect to any reduction adjustment applicable thereto on such date) minus the Maximum Noteholder Contribution Liability determined in respect of such Payment Date.
Examples of Distributable Principal Amount in a sentence
If the proceeds of any such demand on the Credit Enhancement Agreement resulting from the liquidation of the Credit Enhancement Assets are insufficient to pay the unpaid portion of any Aggregate Distributable Principal Amount that is due and payable to the Holders of the Class A Certificates, the Trustee shall declare a Trust Termination Event pursuant to Section 5.01.
On the Initial Redemption Date and on each Redemption Date thereafter, the Issuer shall pay an amount equal to the Distributable Principal Amount for that date in redemption of the Notes at that time (together with any accrued but unpaid interest thereon).
The Trustee shall distribute the proceeds of such demand for payment under the Credit Enhancement Agreement, upon receipt, to the Holders of the Class A Certificates, pro rata, up to an amount equal to the unpaid Aggregate Distributable Principal Amount.
More Definitions of Distributable Principal Amount
Distributable Principal Amount. With respect to any Payment Date and Loan Group, the Principal Remittance Amount for such Payment Date and Loan Group minus the lesser of (i) Negative Amortization with respect to the related Loan Group during the related Due Period and (ii) the voluntary principal prepayments with respect to the related Prepayment Period and Loan Group.
Distributable Principal Amount means, as of any date, an amount equal to the Adjusted Principal Balance of the Notes on such date (after giving effect to any adjustments applicable thereto as a result of any Adjusted Principal Balance Reduction Amount to be allocated thereto on such date or any Reinstatement Amount to be applied thereto on such date but before giving effect to any adjustments applicable thereto as a result of any principal payments to be made on such date) minus the Maximum Cash Settlement Amount.
Distributable Principal Amount means, as of any date, an amount equal to the Initial Tranche Notional Amount minus the aggregate amount of payments, if any, of principal made in respect of the Notes (but before giving effect to any adjustments applicable thereto as a result of any principal payments to be made on such date) minus any Interest Deduction Amount on or after the Notes Termination Date, minus the greater of (a) zero and (b) the sum of the Aggregate Realised Loss Amount, the Aggregate Defaulted Notional Amount and the aggregate Defaulted Notional Amount of all Potential Defaulted Reference Obligations minus the Threshold Amount.
Distributable Principal Amount means, as of any date, an amount equal to the aggregate Adjusted Principal Balance of the Notes on such date (after giving effect to any adjustments applicable thereto as a result of any Noteholder Contributions to be allocated to the Notes on such date but before giving effect to any adjustments applicable thereto as a result of any principal payments on such date) minus the Maximum Noteholder Contribution Liability;
Distributable Principal Amount means, as of any Note Payment Date falling on or after the Initial Redemption Date, an amount equal to:
Distributable Principal Amount means, as of any Payment Date, an amount equal to the sum of (a) the Base Currency Notional Amount of the Notes as at such Payment Date (after giving effect to any adjustments applicable thereto as a result of any Notes Writedown Amount to be allocated to the Notes on such date but before giving effect to any adjustment applicable thereto as a result of any principal payments on such date) plus
Distributable Principal Amount means, as of any date, an amount equal to the aggregate Outstanding Principal Balance of the Notes on such date (after giving effect to any adjustments