Original Face Amount definition
Examples of Original Face Amount in a sentence
A Reinstatement may occur on more than one occasion provided that the outstanding face amount of a Certificate may never exceed its Original Face Amount.
If any Purchase Money Note is divided into more than one Purchase Money Note in accordance with this Annex I, the Original Face Amount of such Purchase Money Note is to be proportionately divided among the Purchase Money Notes delivered in exchange therefor and (subject to the preceding sentence) is to be deemed to be the aggregate Original Face Amount of such subsequently issued Purchase Money Notes.
If positive Distributable Net Period Income of the Bank is recorded at any time while the outstanding face amount of a Certificate is less than the Original Face Amount of such Certificate, the Bank may, at its sole and absolute discretion: (i) instruct the Trustee to reinstate and write-up the outstanding face amount of each Certificate in whole or in part; and (ii) reinstate and write-up the Mudaraba Capital, in each case in accordance with this Condition 12.3 (Reinstatement) (a "Reinstatement").
In the event that any Purchase Money Note is divided into more than one Purchase Money Note in accordance with this Article II, the Original Face Amount of such Purchase Money Note shall be proportionately divided among the Purchase Money Notes delivered in exchange therefor and (subject to the preceding sentence) shall be deemed to be the aggregate Original Face Amount of such subsequently issued Purchase Money Notes.
The Certificated Notes are to be in substantially the same form as the applicable Exhibits to this Agreement, with such changes therein as the Company and Paying Agent will agree, and the Company is to execute, and the Paying Agent is to deliver, in exchange for the Rule 144A Global Note or Rule 144A Global Notes, as the case may be, the same Original Face Amount of Certificated Notes of Authorized Denominations (subject to the proviso to the first sentence of Section 2(b) of this Annex I).