Par Amount definition

Par Amount means for each Down MacroShare and each Up MacroShare, a stated amount equal to $[25] per share.

Par Amount. In relation to any Portfolio Asset, the outstanding principal amount of such Portfolio Asset.

Par Amount means for each Up-MACRO holding share or Up-MACRO tradeable share and each Down-MACRO holding share or Down-MACRO tradeable share, a stated amount equal to $60 per share.

Examples of Par Amount in a sentence

• If the amount actually invested on the last Distribution Date was less than the Down Aggregate Par Amount, then the “Down Investment Amount” for each day of the ensuing Calculation Period will equal the amount that was actually invested divided by the number of Down MacroShares outstanding on that Distribution Date, multiplied by the number of Down MacroShares that are outstanding on the date of measurement.

• If the amount actually invested on the last Distribution Date was less than the Up Aggregate Par Amount, then the “Up Investment Amount” for each day during the ensuing Calculation Period will equal the amount that was actually invested divided by the number of Up MacroShares outstanding on that Distribution Date, multiplied by the number of Up MacroShares that are outstanding on the date of measurement.

• If the Target Par Amount has not been reached on the Effective Date an Effective Date Rating Event may occur pursuant to the Conditions which may in certain circumstances lead to an early redemption of the Notes.

• The “Up Investment Amount” on any other day occurring during any Calculation Period will equal the Aggregate Par Amount of the Up MacroShares that are outstanding on that day if the amount actually invested on the preceding Distribution Date was equal to the Up Aggregate Par Amount on that day.

• The “Down Investment Amount” on any other day occurring during any Calculation Period will equal the aggregate par amount of the Down MacroShares that are outstanding on that day if the amount actually invested on the preceding Distribution Date was equal to the Down Aggregate Par Amount on that day.

More Definitions of Par Amount

Par Amount means, in respect of a Mortgage Loan at any time, the outstanding principal balance of such Mortgage Loan at such time.

Par Amount means $50 per Subject Security.

Par Amount means, with respect to any Debt Obligation (or any portion thereof) held (or to be purchased or otherwise acquired) by the Borrower on any date of determination, the principal amount of such Debt Obligation (or such portion thereof) held (or to be purchased or otherwise acquired) by the Borrower outstanding on such date of determination. Participant has the meaning given to such term in Section 8.4(f).

Par Amount means the face or nominal value of a security.

Par Amount means, with respect to any Eligible Investment, the purchase price thereof excluding any accrued interest.

Par Amount has the meaning given to such term in paragraph 3(a) (in the case of the Tranche B1 Loan) or, as the case may be, paragraph 4(a) (in the case of the Tranche B2 Loan) of Schedule 17 (Early Redemption Amount).

Par Amount means (in the case of any voluntary prepayment or prepayment on illegality under Clause 7 (Illegality and Voluntary Prepayment)) the amount by which the Loan is to be reduced by such prepayment and (in the case of any acceleration under Clause 25.19 (Acceleration)) the outstanding principal amount of such Loan;