Rated Balance definition

Rated Balance means an amount equal to (a) the aggregate principal amount of the relevant Combination Notes upon issuance thereof on the Closing Date or (b) on any Payment Date, the greater of (i) zero and(ii) the aggregate of (A) the Rated Balance of such Combination Note on the immediately preceding Payment Date (or, if there is no such date, the Closing Date) plus (B) the product of (1) the Rated Balance of such Combination Note on the immediately preceding Payment Date (or, if there is no such date, the Closing Date) multiplied by (2) the applicable Rated Return (as determined for the Due Period commencing on the immediately preceding Payment Date) multiplied by (3) the fraction of the year constituted by the Due Period commencing on the immediately preceding Payment Date (calculated on the basis of a 360-day year and the actual number of days elapsed in the relevant Due Period) minus (C) the aggregate amount of all cash distributions in respect of the relevant Combination Notes payable to the relevant Combination Noteholders on such Payment Date.

Rated Balance means an amount equal to (i) on the Combination Note Closing Date, $5,000,000 and (ii) on each Combination Note Payment Date thereafter, the Rated Balance on the immediately preceding Combination Note Payment Date (or, if there is no such date, on the Combination Note Closing Date), reduced by the Paid Amount on such Combination Note Payment Date.

Rated Balance means, in respect of the Combination Notes at any time, the aggregate principal amount of the Combination Notes on the Closing Date minus the aggregate of all payments in respect of the Combination Notes made from the Closing Date to such date, whether interest or principal payments.

Examples of Rated Balance in a sentence

• Such ratings do not address the timely receipt of any payments or other distributions, including interest payments thereon.In addition, there is no assurance that the Rated Balance of each Class of Combination Notes will equal the Principal Amount Outstanding of such Class of Combination Notes at any given time.

• The rating assigned by Moody’s to each Class X Combination Notes addresses the ultimate payment of the Rated Balance.

• Moody’s rating of the Combination Notes addresses only the ultimate payment of the Rated Balance in respect thereof, where the Rated Balance of any Combination Note on any date is equal to the greater of (i) the initial principal amount of the relevant Note on the Closing Date minus the aggregate of all payments made thereon from the Closing Date, and (ii) zero.

• In the event that a rating initially assigned to any of the Rated Notes is subsequently lowered or withdrawn for any reason, no person or entity is required to provide any additional support or credit enhancement with respect to any such Notes and the market value of such Notes is likely to be adversely affected.The rating assigned by Moody’s to the Class S Combination Notes addresses the ultimate repayment of the Rated Balance in respect of such Notes and the payment of the Class S Cash Coupon.

• The rating assigned by Moody's to each Class D Subordinated Note and each Class S Combination Note addresses the ultimate repayment of the Rated Balance (as defined in the Conditions) in respect of such Notes.

More Definitions of Rated Balance

Rated Balance means, with respect to a Fund Note, its initial principal amount Outstanding as reduced by any and all Total Distributions and proportionally in respect of any amounts received by such Fund Noteholder in respect of a Direct Liquidity Redemption. Fund Note Distributions and Excess Amounts: In addition, commencing on the first Payment Date, each Fund Noteholder will be paid, on an available funds basis, (and in each case subject to the approval of the Issuer’s board of Managing Directors in relation to a Fund Note on any Payment Date falling after the Payment Date on which the Rated Balance of such Fund Note has been reduced to zero):

Rated Balance means, in relation to the Combination Notes, the notional balance representing the initial principal amount of the Combination Notes on the Closing Date, less all payments made in respect of the Combination Notes on each Payment Date (including, for the avoidance of doubt, any allocation of principal and interest as provided in Condition 8 (Payments);

Rated Balance means, in respect of the first Interest Payment Date, the initial aggregate face amount of the Strip Securities on the Issue Date and, in respect of any Interest Payment Date thereafter, an amount not less than zero equal to the initial aggregate face amount of the Strip Securities on the Issue Date less the sum of (a) the aggregate amount of payments made to the Noteholders in respect of Excess Interest on or prior to such Interest Payment Date and(b) the aggregate amount applied on or prior to such Interest Payment Date in repayment of the Notes in accordance with paragraph 2 of Annex 1 (Partial Repayments on account of Excess Interest).

Rated Balance means, in relation to the Combination Notes, the greater of (a) zero and (b) the notional balance representing the initial principal amount of such Class on the Closing Date, less the aggregate of all payments (whether of interest or principal) made in respect of such Class on each Payment Date.

Rated Balance means, with respect to the Moody’s Rating of the Composite Notes on any date of determination, the greater of (x) $0 and (y) an amount equal to the initial face amount of such Composite Notes, reduced by the aggregate amount, if any, of all distributions of interest, principal or other amounts paid to the Holders of such Composite Notes in respect of its Components.

Rated Balance means, on any date, the principal amount of the Class S1 Combination Notes Outstanding on the Closing Date minus the aggregate of all payments made from the Closing Date to such date, either through interest or principal payments on the Class S1 Combination Notes.

Rated Balance means an amount equal to (a) the aggregate principal amount of the relevant Combination Notes upon issuance thereof on the Closing Date or (b) on any Payment Date, the greater of