Net Collateral Principal Balance definition

Net Collateral Principal Balance means, on any Measurement Date, without duplication, an amount equal to the difference between:
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Net Collateral Principal Balance means, on any Measurement Date, without duplication, an amount equal
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Net Collateral Principal Balance. On any Measurement Date, without duplication, an amount equal to the difference between:
Sample 1

Examples of Net Collateral Principal Balance in a sentence

  • Loans with a Market Value of less than 90% of the Net Collateral Principal Balance thereof .

  • Underlying Assets (other than Loans) rated "Caa1" or lower and Underlying Assets rated "B3" or higher with a Market Value of less than 90% of the Net Collateral Principal Balance thereof .

  • Loans (other than loans with a Market Value of less than 90% of the Net Collateral Principal Balance thereof) .

  • For purposes of calculating the Overcollateralization Ratio, an Underlying Asset held by a Tax Subsidiary will be treated as having a value no greater than the higher of (x) the amount of Cash the Asset Manager expects will be received by the Issuer upon final payment of such Underlying Asset and (y) the value determined for such Underlying Asset pursuant to the definition of Net Collateral Principal Balance.

  • Underlying Assets (other than Loans) rated "B3" or higher (other than assets with a Market Value of less than 90% of the Net Collateral Principal Balance thereof) .

  • For purposes of clarification, in determining the "Net Collateral Principal Balance," Equity Securities and any Underlying Asset in which the Trustee does not hold a first priority, perfected security interest shall be deemed to have a Principal Balance of zero.


More Definitions of Net Collateral Principal Balance

Net Collateral Principal Balance means, on any Measurement Date, without duplication, an amount equal to the sum of:
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Net Collateral Principal Balance means, on any Measurement Date, without duplication, an amountequal to:
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Net Collateral Principal Balance means, on any Measurement Date, without duplication, anamount equal to:
Sample 1

Related to Net Collateral Principal Balance

  • Note Principal Balance means, with respect to each Note, at any time of determination, the Principal Balance for such Note, as set forth on the Mortgage Loan Schedule, less any payments of principal thereon (or any New Notes issued in substitution thereof) received by the related Note Holder (or any holders of New Notes in substitution thereof) or reductions in such amount pursuant to Section 3 or 4, as applicable.

  • Aggregate Principal Balance means, with respect to any date of determination, the sum of the Principal Balances for all Receivables (other than (i) any Receivable that became a Liquidated Receivable prior to the end of the related Collection Period and (ii) any Receivable that became a Purchased Receivable prior to the end of the related Collection Period) as of the date of determination.

  • Class Principal Balance With respect to any Class and as to any date of determination, the aggregate of the Certificate Balances of all Certificates of such Class as of such date.

  • Aggregate Collateral Balance means, as at any Measurement Date, the amount equal to the aggregate of the following amounts, as at such Measurement Date: