Net Outstanding Portfolio Collateral Balance means, on any Measurement Date, the amount of the aggregate Principal Balance on such Measurement Date of all Collateral Debt Securities, plus (a) the aggregate Principal Balance of all Principal Proceeds and Uninvested Proceeds held as cash and Eligible Investments and any amount on deposit at such time in the Principal Collection Account or the Uninvested Proceeds Account, minus (b) the aggregate Principal Balance on such Measurement Date of all Collateral Debt Securities that are Defaulted Securities or Deferred Interest Collateral Debt Securities, plus (c) for each Defaulted Security or Deferred Interest Collateral Debt Security, the Calculation Amount with respect to such Defaulted Security or Deferred Interest Collateral Debt Security.
Net Outstanding Portfolio Collateral Balance means, as of any Measurement Date, an amount equal to (a) the sum of (i) the aggregate principal balance on such Measurement Date of all Collateral Debt Securities, (ii) the aggregate principal balance of all Principal Proceeds and Uninvested Proceeds held as cash and Eligible Investments purchased with Principal Proceeds or Uninvested Proceeds, and (iii) for each Defaulted Security, the Calculation Amount with respect to such Defaulted Security less (b) the aggregate principal balance on such Measurement Date of all Collateral Debt Securities that are (i) Defaulted Securities or (ii) Equity Securities; provided that clauses (a)(iii) and (b) above shall be disregarded for the purpose of calculating the Net Outstanding Portfolio Collateral Balance in connection with any of the percentage limitations set forth in the Eligibility Criteria.
Net Outstanding Portfolio Collateral Balance means, as of any Measurement Date, an amount equal to (a) the Aggregate Principal Balance on such Measurement Date of all Pledged Collateral Debt Securities (including Synthetic Securities) plus (b) the Aggregate Principal Balance of all Principal Proceeds and Uninvested Proceeds held as Cash and Eligible Investments and U.S. Agency Securities purchased with Principal Proceeds or Uninvested Proceeds (exclusive of any amounts standing to the credit of the Expense Account or the Interest Reserve Account on such Measurement Date) and any amount on deposit at such time in the Principal Collection Account or the Uninvested Proceeds Account minus (c) the Aggregate Principal Balance on such Measurement Date of all Pledged Collateral Debt Securities that are
Examples of Net Outstanding Portfolio Collateral Balance in a sentence
With respect to each Payment Date, an amount equal to, and such amount not to exceed, the sum of (a) [**] and (b) [**] of the Net Outstanding Portfolio Collateral Balance and the Aggregate Principal Balance of Eligible Investments representing Principal Proceeds, each as of the related Determination Date.
As of any date of determination on or after the Closing Date, the ratio (expressed as a percentage) obtained by dividing: (a) the excess, if any of (i) the Net Outstanding Portfolio Collateral Balance over (ii) the Adjustment Amount, by (b) the sum of (1) the Aggregate Outstanding Amount of the Notes ,(2) the Class C Interest Distribution Amount Shortfall, if any, and (3) the Class D Interest Distribution Amount Shortfall, if any.
In addition, the Issuer shall also indicate in each such Monthly Report the respective percentage of the Net Outstanding Portfolio Collateral Balance for each aggregate amount referred to in clauses (viii) through (xxviii) above.
More Definitions of Net Outstanding Portfolio Collateral Balance
Net Outstanding Portfolio Collateral Balance means, on any Measurement Date, without duplication, an amount equal to the sum of:
Net Outstanding Portfolio Collateral Balance means, on any Measurement Date, an amount equal to (a) the aggregate principal balance on such Measurement Date of all Collateral
Net Outstanding Portfolio Collateral Balance means as of any Measurement Date, an amount equal to (a) the Aggregate Principal Balance as of such Measurement Date of all Pledged Collateral Debt Securities (other than Interest-Only Securities, Defaulted Securities and Deferred Interest PIK Bonds) plus (b) the aggregate amount of all Principal Proceeds and Uninvested Proceeds held as Cash and the Aggregate Principal Balance of all Eligible Investments purchased with Principal Proceeds or Uninvested Proceeds and any amount on deposit at such time in the Principal Collection Account or the Uninvested Proceeds Account (without duplication) plus (c) for each Defaulted Security or Deferred Interest XXX Xxxx, the Calculation Amount with respect to such Defaulted Security or Deferred Interest XXX Xxxx, as applicable, minus (d) solely for purposes of calculating the Net Outstanding Portfolio Collateral Balance in connection with the Class A Sequential Pay Test, for each Negative Amortization Security, the Negative Amortization Haircut Amount (if any) with respect to such Negative Amortization Security. For purposes of determining compliance with the Eligibility Criteria on or prior to the Ramp-Up Completion Date, the Net Outstanding Portfolio Collateral Balance shall equal U.S. $1,000,000,000. For purposes of showing compliance with the “Eligibility Criteria” in the Monthly Reports and the Note Valuation Reports and as used in the definition of “Fair Market Value”, the Net Outstanding Portfolio Collateral Balance will at all times equal U.S.$1,000,000,000.
Net Outstanding Portfolio Collateral Balance means, on any Measurement Date, an amount equal to (a) the Aggregate Principal Balance on such Measurement Date of all Pledged Collateral Debt Securities (which shall not include the notional amounts of any Interest-Only Securities) plus (b) the Aggregate Principal Balance of all Principal Proceeds and Unused Proceeds held as Cash and Eligible Investments purchased with Principal Proceeds or Unused Proceeds and any amount on deposit at such time in the Principal Collection Account or the Unused Proceeds Account (without duplication) minus (c) the Aggregate Principal Balance on such Measurement Date of all Pledged Collateral Debt Securities that are (i) Defaulted Securities or Deferred Interest PIK Bonds or (ii) Equity Securities plus (d) for each Defaulted Security or Deferred Interest XXX Xxxx, the Calculation Amount with respect to such Defaulted Security or Deferred Interest XXX Xxxx; provided that the Principal Balance with respect to each Discount Security shall be equal to the purchase price of the Discount Security less an amount equal to (a) all principal payments received by the Issuer with respect to such Collateral Debt Security, multiplied by (b) a fraction the numerator of which is such purchase price and the denominator of which is such principal amount).
Net Outstanding Portfolio Collateral Balance means, on any Measurement Date, without duplication, an amount equal to
Net Outstanding Portfolio Collateral Balance means, on any Measurement Date, an amount equal to
Net Outstanding Portfolio Collateral Balance means, on any Measurement Date, an amount equal to (a) the Aggregate Principal Balance on such Measurement Date of all Pledged Collateral Debt Securities plus (b) the Aggregate Principal Balance of all Principal Proceeds and Uninvested Proceeds held as Cash and Eligible Investments and U.S. Agency Securities purchased with Principal Proceeds or Uninvested Proceeds and any amount on deposit at such time in the Principal Collection Account or the Uninvested Proceeds Account (without duplication) minus (c) the Aggregate Principal Balance on such Measurement Date of all Pledged Collateral Debt Securities that are (i) Defaulted Securities or Deferred Interest PIK Bonds or (ii) Equity Securities plus (d) for each Defaulted Security or Deferred Interest XXX Xxxx, the Calculation Amount with respect to such Defaulted Security or Deferred Interest XXX Xxxx minus (solely for the purpose of calculating the Net Outstanding Portfolio Collateral [**] CONFIDENTIAL TREATMENT REQUESTED