Notional Reduction Amount means, as of any date, whichever is the lower of
Notional Reduction Amount means, as of any date, whichever is the lower of (i) the Adjusted Aggregate Nominal Amount immediately prior to the relevant date; and(ii) the aggregate of the Cash Settlement Amounts which would be payable in respect of all Unsettled Credit Events assuming in the case of each Reference Entity relating to an Unsettled Credit Event, a Loss Amount (as defined in the Default Swap) equal to the relevant Reference Entity Notional Amount.
Notional Reduction Amount means, as of any date, whichever is the lower of (i) the Adjusted Aggregate Nominal Amount; and (ii) the aggregate of the Cash Settlement Amounts which would be payable in respect of all Unsettled Credit Events in existence on such date assuming a Final Price (as defined in the Default Swap) of zero.
Examples of Notional Reduction Amount in a sentence
The Notional Reduction Amount shall be calculated immediately following the determination of a Loss Amount and shall take effect as of the related Event Determination Date.
Such termination shall take effect through the reduction of the Initial Tranche Notional Amount and the deemed reduction of each Portfolio Notional Reduction Amount, and the Cash Settlement Amount paid by the Party B, whether on or prior to or following the date of such termination.
More Definitions of Notional Reduction Amount
Notional Reduction Amount means, an amount determined by the Calculation Agent on any day, equal to (i) the aggregate of all CDO
Notional Reduction Amount means, in respect of any relevant day, a percentage determined by the Calculation Agent in respect of such day as being equal to the quotient of:
Notional Reduction Amount means a percentage determined by the Calculation Agent on any day equal to the sum of (i) the aggregate of the Credit Positions of all Non–Determined Reference Entities existing on such day (but excluding for the purposes of determining such aggregate any negative Credit Position) plus (ii) the Accumulated Loss minus (iii) the Lower Boundary (as defined in the relevant Pricing Conditions), minus (iv) the Trading Balance, the result being divided by the Tranche Size, subject to a maximum of 100% and a minimum of 0%.
Notional Reduction Amount means, a percentage determined by the Determination Agent on any day as being equal to the sum of (I) the Accumulated Loss on such day minus (II) the Lower Boundary, the result being divided by the Tranche Size, subject to a maximum of 100 per cent. and a minimum of zero per cent.
Notional Reduction Amount means, as of any date, whichever is the lower of (i) the Adjusted Aggregate Nominal Amount immediately prior to the relevant date; and (ii) the aggregate of the Cash Settlement Amounts which would be payable in respect of all Unsettled Credit Events assuming:
Notional Reduction Amount means, an amount determined by the Calculation Agent on any day, equal to (i) the sum of (a) the aggregate of the Credit Positions of all Non-determined Reference Entities existing on such day and (b) the Accumulated Loss minus
Notional Reduction Amount means, a percentage determined by the Calculation Agent on any day as being equal to the sum of (I) the Accumulated Loss on such day minus (II) the Lower Boundary (as defined in the relevant Pricing Supplement), the result being divided by the Tranche Size, subject to a maximum of 100% and a minimum of 0%.