Hedge Notional Amount Requirement definition

Hedge Notional Amount Requirement means, for any date on which the Excess Spread (determined without giving effect to any Hedge Transactions) is less than 2.0%, a scheduled amortizing notional amount for such date and each Monthly Settlement Date thereafter, such schedule to match the estimated aggregate outstanding principal balance of the Advances as of such date and each such subsequent Monthly Settlement Date (plus or minus 20% of such aggregate outstanding principal balance), as determined by the Agent in its sole discretion after consultation with the Master Servicer.
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Hedge Notional Amount Requirement means, for any date on which the Excess Spread (determined without giving effect to any Hedge Transactions) is less than 2.0%, a scheduled amortizing notional amount for such date and each Monthly Settlement Date thereafter, such schedule to match the estimated aggregate outstanding principal balance of the Advances as of such date and each such subsequent Monthly Settlement Date (plus or minus 20% of such aggregate outstanding principal balance), as determined by the Agent in its sole discretion after consultation with the Master Servicers.
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Hedge Notional Amount Requirement means, for any date, a scheduled amortizing notional amount for such date and each Settlement Date thereafter, which amount shall be no less than 95% and no greater than 105% of the estimated aggregate outstanding principal balance of the Advances as of such date and each such subsequent Settlement Date, as determined by the Agent in its sole discretion after consultation with the Servicer.
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Examples of Hedge Notional Amount Requirement in a sentence

  • Each Hedge Transaction shall (i) have a scheduled amortizing notional amount which, when combined with all other Hedge Transactions then in effect, satisfies the Hedge Notional Amount Requirement, (ii) to the satisfaction of the Agent, be sufficient to ensure that the Excess Spread is maintained at a level equal to or greater than the Minimum Excess Spread and (iii) incorporate such other terms as the Agent may reasonably direct in consultation with such Borrower.

  • Each Hedge Transaction shall (i) have a scheduled amortizing notional amount which, when combined with all other Hedge Transactions then in effect, satisfies the Hedge Notional Amount Requirement, (ii) to the satisfaction of the Agent, be sufficient to ensure that the Excess Spread is maintained at a level equal to or greater than the Minimum Excess Spread and (iii) incorporate such other terms as the Agent may reasonably direct in consultation with the Borrower.


More Definitions of Hedge Notional Amount Requirement

Hedge Notional Amount Requirement means (i) with respect to the Existing Loans, for any date following the occurrence of a Hedge Trigger Event relating to the Existing Loans, a scheduled amortizing notional amount for such date and each Payment Date thereafter specified by the Agent in consultation with the Subservicer and (ii) with respect to the Additional Loans, for any date following the occurrence of a Hedge Trigger Event relating to the Additional Loans, a scheduled amortizing notional amount for such date and each Payment Date thereafter, such schedule to match the estimated aggregate outstanding principal balance of the Advances as of such date and each such subsequent Payment Date (based on the scheduled amortization of the Additional Loans and assuming no further Advances are made hereunder after such date), as determined by the Agent in consultation with the Subservicer; provided that so long as any Existing Loans are included in the Collateral, the Hedge Notional Amount Requirement for the Additional Loans shall be reduced as appropriate (in the sole judgment of the Agent) to take into account the hedging requirements for the Existing Loans hereunder.
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Hedge Notional Amount Requirement means, for any date on or after the occurrence of a Hedge Trigger Event, a notional amount for such date and each Monthly Settlement Date thereafter, equal to the estimated aggregate outstanding principal balance of the Advances attributable to (if such Hedge Trigger Event has occurred with respect to the Hedged Policies Excess Spread) the Purchased Hedged Policies or (if such Hedge Trigger Event has occurred with respect to the Unhedged Policies Excess Spread) the Purchased Unhedged Policies as of such date and each such subsequent Monthly Settlement Date (in either case, plus or minus 5% of such aggregate outstanding principal balance), as determined by the Agent in its sole discretion after consultation with the Master Servicer.
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Related to Hedge Notional Amount Requirement

  • Swap Notional Amount With respect to any Distribution Date is the amount set forth on Schedule II attached hereto with respect to such Distribution Date.

  • Transaction Notional Amount means (A) in respect of any Transaction that is a cross currency hedge, the Base Currency Equivalent of the Currency Amount applicable to Party A’s payment obligations and (B) in respect of any other Transaction, the Base Currency Equivalent of the Notional Amount.

  • Class X Notional Amount As of any date of determination, the sum of the then Component Notional Amounts of all the Components.

  • Notional Amount With respect to any Class or Subclass of Interest Only Certificates, an amount used as the principal basis for the calculation of any interest payment amount, as more specifically defined in the Series Supplement.

  • Class Notional Amount Not applicable.

  • Component Notional Amount Not applicable.

  • Additional Amount Payment means a payment to a Holder of MuniFund Term Preferred Shares of an amount which, when taken together with the aggregate amount of Taxable Allocations made to such Holder to which such Additional Amount Payment relates, would cause such Holder’s dividends in dollars (after federal income tax consequences) from the aggregate of such Taxable Allocations and the related Additional Amount Payment to be equal to the dollar amount of the dividends that would have been received by such Holder if the amount of such aggregate Taxable Allocations would have been excludable (for federal income tax purposes) from the gross income of such Holder. Such Additional Amount Payment shall be calculated (i) without A-1 consideration being given to the time value of money; (ii) assuming that no Holder of MuniFund Term Preferred Shares is subject to the federal alternative minimum tax with respect to dividends received from the Fund; and (iii) assuming that each Taxable Allocation and each Additional Amount Payment (except to the extent such Additional Amount Payment is designated as an exempt-interest dividend under Section 852(b)(5) of the Code) would be taxable in the hands of each Holder of MuniFund Term Preferred Shares at the maximum marginal regular federal individual income tax rate applicable to ordinary income or net capital gains, as applicable, or the maximum marginal regular federal corporate income tax rate applicable to ordinary income or net capital gains, as applicable, whichever is greater, in effect at the time such Additional Amount Payment is paid.

  • Initial Notional Amount With respect to any Class or Subclass of Interest Only Certificates, the amount initially used as the principal basis for the calculation of any interest payment amount, as more specifically defined in the Series Supplement.

  • Certificate Notional Amount With respect to any Interest Only Certificate, as of any date of determination, the then notional principal amount on which such Certificate accrues interest, equal to the product of (a) the then Certificate Factor for the Class of Interest Only Certificates to which such Certificate belongs, multiplied by (b) the amount specified on the face of such Certificate as the initial Certificate Notional Amount thereof.

  • Preliminary Class Notional Amount With respect to each Reference Tranche, the amount which is equal to the Class Notional Amount of such Reference Tranche immediately prior to such Payment Date, after the application of the Preliminary Tranche Write-down Amount in accordance with the same priorities set forth in Section 3.03(b) hereof, and after the application of the Preliminary Tranche Write-up Amount in accordance with the same priorities set forth in the Section 3.03(c) hereof.

  • Original Notional Amount With respect to the Class X-1 Notional Amount and Class X-2 Notional Amount, the initial Notional Amount thereof as of the Closing Date, as specified in the Preliminary Statement.

  • Notional Amount Certificates As specified in the Preliminary Statement.

  • Calculation Amount means the amount specified as such on the face of any Note, or if no such amount is so specified, the Denomination Amount of such Note as shown on the face thereof;

  • Differential Amount means the Differential Amount as calculated or, respectively, specified by the Calculation Agent pursuant to § 4 of the Special Conditions.

  • Uncertificated Notional Amount With respect to REMIC 2 Regular Interest Swap IO and each Distribution Date listed below, the aggregate Uncertificated Principal Balance of the REMIC 1 Regular Interests ending with the designation “A” listed below: Distribution Date REMIC I Regular Interests 3 I-2-A through I-59-A and II-2-A through II-59-A 4 I-3-A through I-59-A and II-3-A through II-59-A 5 I-4-A through I-59-A and II-4-A through II-59-A 6 I-5-A through I-59-A and II-5-A through II-59-A 7 I-6-A through I-59-A and II-6-A through II-59-A 8 I-7-A through I-59-A and II-7-A through II-59-A 9 I-8-A through I-59-A and II-8-A through II-59-A 10 I-9-A through I-59-A and II-9-A through II-59-A 11 I-10-A through I-59-A and II-10-A through II-59-A 12 I-11-A through I-59-A and II-11-A through II-59-A 13 I-12-A through I-59-A and II-12-A through II-59-A 14 I-13-A through I-59-A and II-13-A through II-59-A 15 I-14-A through I-59-A and II-14-A through II-59-A 19 I-18-A through I-59-A and II-18-A through II-59-A 20 I-19-A through I-59-A and II-19-A through II-59-A 22 I-21-A through I-59-A and II-21-A through II-59-A 24 I-23-A through I-59-A and II-23-A through II-59-A 25 I-24-A through I-59-A and II-24-A through II-59-A 26 I-25-A through I-59-A and II-25-A through II-59-A 27 I-26-A through I-59-A and II-26-A through II-59-A 28 I-27-A through I-59-A and II-27-A through II-59-A 29 I-28-A through I-59-A and II-28-A through II-59-A 30 I-29-A through I-59-A and II-29-A through II-59-A 33 I-32-A through I-59-A and II-32-A through II-59-A 34 I-33-A through I-59-A and II-33-A through II-59-A 35 I-34-A through I-59-A and II-34-A through II-59-A 36 I-35-A through I-59-A and II-35-A through II-59-A 38 I-37-A through I-59-A and II-37-A through II-59-A 39 I-38-A through I-59-A and II-38-A through II-59-A 40 I-39-A through I-59-A and II-39-A through II-59-A 41 I-40-A through I-59-A and II-40-A through II-59-A 42 I-41-A through I-59-A and II-41-A through II-59-A 43 I-42-A through I-59-A and II-42-A through II-59-A 44 I-43-A through I-59-A and II-43-A through II-59-A 45 I-44-A through I-59-A and II-44-A through II-59-A 48 I-47-A through I-59-A and II-47-A through II-59-A 49 I-48-A through I-59-A and II-48-A through II-59-A 50 I-49-A through I-59-A and II-49-A through II-59-A 51 I-50-A through I-59-A and II-50-A through II-59-A 52 I-51-A through I-59-A and II-51-A through II-59-A 53 I-52-A through I-59-A and II-52-A through II-59-A 54 I-53-A through I-59-A and II-53-A through II-59-A 55 I-54-A through I-59-A and II-54-A through II-59-A 56 I-55-A through I-59-A and II-59-A through II-59-A 57 I-56-A through I-59-A and II-56-A through II-59-A 58 I-57-A through I-59-A and II-57-A through II-59-A 59 I-58-A through I-59-A and II-58-A through II-59-A 60 I-59-A and II-59-A thereafter $0.00

  • Aggregate Nominal Amount means the aggregate nominal amount of the Securities set out in the relevant Final Terms.

  • Applicable Amount means, at any time (the “Applicable Amount Reference Time”), an amount equal to (a) the sum, without duplication, of:

  • Monthly Uptime Percentage means total number of minutes in a calendar month minus the number of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month.

  • Adjusted Nominal Amount means the Total Nominal Amount less the Nominal Amount of all Bonds owned by a Group Company or an Affiliate, irrespective of whether such person is directly registered as owner of such Bonds.