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

• 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.

• In relation to any Calculation Period, the daily average of the Portfolio Notional Amount during such Calculation Period.

• For this purpose, (i) the Minimum Portfolio Notional Amount shall be 70% of the Maximum Notional Amount and (ii) the “Discount Rate” means the zero coupon swap rate (as determined by the Calculation Agent) implied by the fixed rate offered to be paid by Citibank under a fixed for floating interest rate swap transaction with a remaining Term equal to the period from such final Termination Trade Date to the Scheduled Termination Date in exchange for the receipt of payments indexed to USD-LIBOR-BBA.

• Scaling Factor: The quotient of: (a) the Maximum Portfolio NotionalAmount less the Replenishment Shortfall Amount divided by (b) the Maximum Portfolio Notional Amount.

• On each Portfolio Fixing Date up to and including the Portfolio Fixing Date falling in June 2006, (each a “Ramp-Up Date”), the Protection Buyer may designate further Reference Obligations (each such designation a “Ramp-Up”) provided that the Portfolio Notional Amount following such Ramp-Up is no greater than the Portfolio Notional Maximum Amount.

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

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

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