Portfolio Notional Amount definition

Portfolio Notional Amount. As of any date of determination, the sum of the Notional Amounts for all Reference Obligations as of such date. Notional Amount: (a) In relation to any Transaction (other than with respect to any Terminated Obligation or Repaid Obligation), as of any date of determination, the Reference Amount of the related Reference Obligation as of such date multiplied by the Initial Price in relation to such Reference Obligation; and (b) In relation to any Transaction with respect to a Terminated Obligation or Repaid Obligation, the amount of the reduction in the Reference Amount of the related Reference Obligation determined, in the case of a Terminated Obligation, pursuant to Clause 3 or, in the case of a Repaid Obligation, pursuant to Clause 5, in each case multiplied by the Initial Price in relation to the related Reference Obligation.

Portfolio Notional Amount. As of any date of determination, the sum of the Notional Amounts for all Reference Obligations as of such date. Notional Amount: (a) In relation to any Transaction (other than with respect to any Terminated Obligation or Repaid Obligation), as of any date of determination, the Reference Amount of the related Reference Obligation as of such date multiplied by the Initial Price in relation to such Reference Obligation; and

Portfolio Notional Amount means at any time, the aggregate of the Reference Entity Notional Amounts of the Reference Entities then comprising the Portfolio. For the avoidance of doubt, the Portfolio Notional Amount may not exceed USD400,000,000 at any time.

Examples of Portfolio Notional Amount in a sentence

• Following any Portfolio Adjustment, the sum of the Reference Obligation Notional Amounts as at the relevant Portfolio Adjustment Date for those ABS Reference Obligations in respect of which no Credit Event Notice has been delivered cannot exceed the Initial Portfolio Notional Amount less the sum of the Reference Obligation Notional Amounts for those ABS Reference Obligations in respect of which Credit Event Notices have been delivered as at such Portfolio Adjustment Date.

• The Reference Portfolio Notional Amount does not exceed the Maximum Reference Portfolio Notional Amount.

• Any reductions in the Portfolio Notional Amount on or after the Effective Date as a result of any Relevant Amortisation of any Reference Obligation shall be applied so as to reduce the Senior Tranche Amount, and following reduction of the Senior Tranche Amount to zero, to reduce the Class B Tranche Amount and following reduction of the Class B Tranche Amount to zero, to reduce the Junior Tranche Amount.

• On the Effective Date, an amount equal to the Initial Portfolio Notional Amount minus the Portfolio Reference Amount on that date shall be credited to Ledger A.

• The Portfolio Notional Amount will be allocated between three tranches (each, a “Tranche”) as follows:Senior Tranche; Class B Tranche; and Junior Tranche.For the purpose of this Transaction, the Senior Tranche shall be regarded as the most senior Tranche and the Junior Tranche shall be regarded as the most junior Tranche.

More Definitions of Portfolio Notional Amount

Portfolio Notional Amount means on any day, the aggregate of the Reference Entity Notional Amounts in respect of all Reference Entities in respect of which an Event Determination Date has not occurred as of such day, or in respect of which an Event Determination Date has occurred but the related Final Valuation Notice Receipt Date has not yet occurred.

Portfolio Notional Amount. As of any date of determination, the sum of the Notional Amounts for all Reference Obligations as of such date. Notional Amount: (a) In relation to any Transaction (other than in relation to any Terminated Obligation or Repaid Obligation), as of any date of determination, the Reference Amount of the related Reference Obligation as of such date multiplied by the Initial Price in relation to such Reference Obligation; and

Portfolio Notional Amount means, on any date, the aggregate of the CTS Notional Amounts of the Long Notional CTS forming part of the Portfolio on such date following any adjustments to the Portfolio on such date.

Portfolio Notional Amount. As of any date of determination, the sum of the Notional Amounts for all Reference Obligations as of such date. Notional Amount: (a) In relation to any Transaction (other than in relation to any Terminated Obligation or Repaid Obligation), as of any date of determination, the Reference Amount of the related Reference Obligation as of such date multiplied by the Initial Price in relation to such Reference Obligation; and (b) In relation to any Terminated Obligation or Repaid Obligation, the amount of the reduction in the Reference Amount of the related Reference Obligation determined, in the case of a Terminated Obligation, pursuant to Clause 3 or, in the case of a Repaid Obligation, pursuant to Clause 5, in each case multiplied by the Initial Price in relation to the related Reference Obligation.

Portfolio Notional Amount means EUR 3,406,200,000.

Portfolio Notional Amount means the relevant Initial Tranche Notional Amount divided by the relevant Class Exposure Percentage;

Portfolio Notional Amount. As of any date of determination, the sum of the Notional Amounts for all Reference Obligations as of such date.