Reference Obligation Notional Amount means the amount listed in Schedule 1 hereto as reduced from time to time in accordance with the provisions of this Confirmation. For the avoidance of doubt, but subject to all other provisions of this Confirmation, the Reference Obligation Notional Amount in respect of a Reference Obligation may be equal to, less than or greater than either (i) the entire issue amount of such Reference Obligation; or (ii) the entire principal amount of such Reference Obligation, if any, held by Buyer.
Reference Obligation Notional Amount or "RONA" means an amount placed on deposit with the Reference Entity by the Issuer upon issue of the Certificates, which amount may be reduced or increased in the manner set out in Collateral Security Condition 3.2(b).
Reference Obligation Notional Amount means, on the Effective Date with respect to a Reference Obligation, the product of: (i) the Original Principal Amount; (ii) the Initial Factor; and (iii) the Applicable Percentage.
Examples of Reference Obligation Notional Amount in a sentence
Yours sincerely, [ ] By: Name: Title: Confirmed as of the date first above written: [ ] By: Name: Title: Schedule A Reference Pool LoanID UPB Percentage Reference Obligation Notional Amount Sch.
More Definitions of Reference Obligation Notional Amount
Reference Obligation Notional Amount means (i) with respect to a Reference Obligation that is denominated in USD, the amount listed in Schedule
Reference Obligation Notional Amount or "RONA" means an amount placed on deposit with the Reference Entity by the Hedge Counterparty upon issue of the Securities, as reduced by an amount equal to any withdrawals made by the Hedge Counterparty from the Deposit from time to time or increased by any cash transfers made by the Hedge Counterparty into the Deposit from time to time.
Reference Obligation Notional Amount has the meaning given to such term in the CDS.
Reference Obligation Notional Amount means: On the Effective Date, the product of:
Reference Obligation Notional Amount means, in respect of any Reference Obligation, the USD amount identified as such in respect of such Reference Obligation in the Reference Registry.
Reference Obligation Notional Amount means, on the Trade Date with respect to a Reference Obligation, an amount in the Reference Currency being the product of:
Reference Obligation Notional Amount means the amount listed in Schedule 1 hereto as reduced from time to time in accordance with the provisions of this Confirmation. For the avoidance of doubt, but subject to all other provisions of this Confirmation, the Reference Obligation Notional Amount in respect of a Reference Obligation may be equal to, less than or greater than either (i) the entire issue amount of such Reference Obligation; or (ii) the entire principal amount of such Reference Obligation, if any, held byBuyer.Reference Portfolio “Reference Portfolio” means the portfolio ofReference Obligations set out in Schedule 1, as amended from time to time in accordance with the provisions of this Confirmation.Relevant Recovery Rate “Relevant Recovery Rate” means, with respect to aDefaulted Reference Obligation, the greater of the relevant Moody’s Recovery Rate and the relevant S&P Recovery Rate.Residential Mortgage Securities “Residential Mortgage Securities” means Asset-Backed Securities that relate to underlying assets which consist of mortgages, sub-prime mortgages, sub-prime and non-performing mortgages. “Residential Mortgage Security” shall be construed accordingly.Reversible Loss Event “Reversible Loss Event” means a Loss Event thatis not an Irreversible Loss Event.Reversible Loss Event Reference Obligation