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 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 Collateral Manager acting on behalf of the Issuer shall use commercially reasonable endeavours to purchase Collateral Obligations with an Aggregate Principal Balance (together with Collateral Obligations previously acquired) equal to at least the Target Par Amount out of the Balance standing to the credit of the Unused Proceeds Account during the Initial Investment Period.

• During the Initial Investment Period, the Collateral Manager, acting on behalf of the Issuer, will seek to acquire additional Collateral Obligations in order to satisfy each of the Coverage Tests, Collateral Quality Tests, Portfolio Profile Tests and Target Par Amount requirement as at the Effective Date.

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

• During the Initial Investment Period, the Collateral Manager acting on behalf of the Issuer, will seek to acquire additional Collateral Obligations in order to satisfy each of the Coverage Tests, Collateral Quality Tests, Portfolio Profile Tests and Target Par Amount requirement as at the Effective Date.

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 as used in this Agreement means the face amount of an Issue or Issues, except in the case of zero coupon or originally issued discount bonds or notes, in which case the Par Amount shall exclude the accreted interest component of the face amount.

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).