Outstanding Swap Amount definition

Outstanding Swap Amount means on any day an amount equal to the Principal Amount minus the outstanding sum of the Negative Performance plus any Positive Performance, subject to a maximum of the Principal Amount, except that, as specified in the definition of "Re-Strike Mechanism" below, the Outstanding Swap Amount will be reduced to zero thereafter if the Calculation Agent fails to calculate a new Issuer Floating Amounts Spread in accordance with the Re-Strike Mechanism.For the avoidance of doubt, if any Positive Performance is used to offset the Accumulated Negative Performance, it shall not be double counted for the determination of the new Outstanding Swap Amount.The 100% Noteholder may determine a new Outstanding Swap Amount as such amount as it may decide in its sole discretion provided that (i) the new Outstanding Swap Amount is subject to a maximum of the Principal Amount, (ii) the Accumulated Negative Performance must be equal to zero and (iii) the 100% Noteholder notifies the Issuer and the Calculation Agent at least five Business Days prior to the relevant Observation Date of such determination and the Observation Date from which such change shall take effect. The Issuer shall notify the other Transaction Counterparties of such change and of the Observation Date as of which such change is to be effective.
Sample 1Sample 2
Outstanding Swap Amount means on any day an amount equal to $22,308,645 minus the outstanding sum of the Negative Performance plus any Positive Performance, subject to a maximum of the Principal Amount, except that, as specified in the definition of "Re-Strike Mechanism" below, the Outstanding Swap Amount will be reduced to zero thereafter if the Calculation Agent fails to calculate a new Issuer Floating Amount Spread in accordance with the Re-Strike Mechanism.In the event that some only of the Notes are repurchased and cancelled by the Issuer or the Notes are redeemed in part following the occurrence of an Asset Event, the Calculation Agent may make such changes to the Outstanding Swap Amount as it deems necessary to preserve the economic effects of the transaction. The Calculation Agent shall notify the Issuer and the other Transaction Counterparties of such change and of the date as of which such change is to be effective. The Calculation Agent shall act in a commercially reasonable manner when determining such change but shall have no liability to Noteholders or any other person for the consequences of such change.
Sample 1
Outstanding Swap Amount means on any day an amount equal to the Principal Amount minus the outstanding sum of the Negative Performance plus any Positive Performance, subject to the Negative Performance Cash Posting Option, except that, as specified in the definition of "Re-Strike Mechanism" below, the Outstanding Swap Amount will be reduced to zero thereafter if the Calculation Agent fails to calculate a new Issuer Floating Amounts Spread in accordance with the Re-Strike Mechanism.For the avoidance of doubt, if any Positive Performance is used to offset the Accumulated Negative Performance, it shall not be double counted for the determination of the new Outstanding Swap Amount.
Sample 1

Related to Outstanding Swap Amount

  • Unencumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Aggregate Outstanding Principal Amount means the sum of the Outstanding Principal Amounts with respect to all Series of Notes.

  • Aggregate Outstanding Amount With respect to any of the Notes as of any date, the aggregate unpaid principal amount of such Notes Outstanding on such date.

  • Cumulative Outstanding Principal Amount means the aggregate principal amount of each series of Bonds issued and Outstanding from time to time in accordance with the provisions of this Ordinance, as reflected in the records maintained by the Registrar as provided in this Ordinance.

  • Outstanding Shares means those Shares recorded from time to time in the books of the Trust or its transfer agent as then issued and outstanding, but shall not include Shares which have been redeemed or repurchased by the Trust and which are at the time held in the treasury of the Trust.

  • Principal Amount Outstanding means, in respect of a Covered Bond on any day the principal amount of that Covered Bond on the relevant Issue Date thereof less principal amounts received by the relevant Covered Bondholder in respect thereof on or prior to that day.

  • Aggregate Class C Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the Note Class Interest Distributable Amount for the Class C Notes as of such Distribution Date and (ii) the Class C Interest Carryover Shortfall as of the close of the preceding Distribution Date.

  • Adjusted Outstanding Dollar Principal Amount means at any time during a Monthly Period with respect to any Series, Class or Tranche of Notes, the Outstanding Dollar Principal Amount of all Outstanding Notes of such Series, Class or Tranche of Notes at such time, less any funds on deposit in the Principal Funding Account or the related Sub-Account, as applicable, for the benefit of such Series, Class or Tranche of Notes at such time.

  • Required Subordinated Amount of Class B Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Aggregate Class A Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the aggregate of the Note Class Interest Distributable Amount for each class of the Class A Notes as of such Distribution Date and (ii) the Class A Interest Carryover Shortfall as of the close of the preceding Distribution Date.

  • Attributable Principal Amount means (a) in the case of capital leases, the amount of capital lease obligations determined in accordance with GAAP, (b) in the case of Synthetic Leases, an amount determined by capitalization of the remaining lease payments thereunder as if it were a capital lease determined in accordance with GAAP, (c) in the case of Securitization Transactions, the outstanding principal amount of such financing, after taking into account reserve amounts and making appropriate adjustments, determined by the Administrative Agent in its reasonable judgment and (d) in the case of Sale and Leaseback Transactions, the present value (discounted in accordance with GAAP at the debt rate implied in the applicable lease) of the obligations of the lessee for rental payments during the term of such lease).

  • Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes for any date of determination, an amount equal to the sum of

  • Encumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Required Subordinated Amount of Class C Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Company Outstanding Shares means the total number of shares of Company Common Stock outstanding immediately prior to the Effective Time, expressed on a fully-diluted and as-converted to Company Common Stock basis.

  • Outstanding Dollar Principal Amount has the meaning specified in the Indenture.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Aggregate Class B Interest Distributable Amount With respect to any Distribution Date, the sum of (i) the Note Class Interest Distributable Amount for the Class B Notes as of such Distribution Date and (ii) the Class B Interest Carryover Shortfall as of the close of the preceding Distribution Date.

  • Aggregate Outstanding Loan Balance means on any day, the sum of the Outstanding Loan Balances of all Eligible Loans included as part of the Collateral on such date.

  • Aggregate Outstandings means, at a particular time, the sum of (a) the Aggregate Letters of Credit Outstandings at such time and (b) the aggregate outstanding principal amount of all Revolving Credit Loans at such time.

  • Aggregate Outstanding Principal Balance means, as of any date of determination, the sum of the Outstanding Principal Balances of each Class outstanding on such date.

  • Advances Outstanding On any day, the aggregate principal amount of all Advances outstanding on such day, after giving effect to all repayments of Advances and the making of new Advances on such day.