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).

Examples of Reference Obligation Notional Amount in a sentence

If the Principal Shortfall Amount would be greater than the Reference Obligation Notional Amount immediately prior to the occurrence of such Failure to Pay Principal, then the Principal Shortfall Amount shall be deemed to be equal to the Reference Obligation Notional Amount at such time.
If the Principal Shortfall Amount in respect of a Reference Obligation would be greater than the Reference Obligation Notional Amount immediately prior to the occurrence of such Failure to Pay Principal, then such Principal Shortfall Amount shall be deemed to be equal to the Reference Obligation Notional Amount at such time.
Outstanding Notional Amount "Outstanding Notional Amount" means, with respect to the Reference Portfolio on any day, the sum of the Reference Obligation Notional Amount of each Reference Obligation included in the Reference Portfolio at the close of business on that day.
If the Portfolio Principal Shortfall Amount would be greater than the Reference Obligation Notional Amount immediately prior to the occurrence of such Failure to Pay Principal, then the Portfolio Principal Shortfall Amount shall be deemed to be equal to the Reference Obligation Notional Amount at such time.
The Reference Obligation Notional Amount of a Reference Obligation may be reduced as a result of a Reduction, as described herein.

More Definitions of Reference Obligation Notional Amount

Reference Obligation Notional Amount has the meaning given to such term in the CDS.

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 means: On the Effective Date, the product of:

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 means, in respect of a Reference Obligation, the Initial Reference Obligation Notional Amount thereof as reduced by any Principal Collections and any Used Synthetic Excess Spread in respect of principal amounts applied to such Reference Obligation and, in respect of any Non-EUR Reference Obligation, the EUR Equivalent Amount thereof as notified in the most recent Portfolio Report.

Reference Obligation Notional Amount means, at any time in respect of any Reference Obligation, an amount in EUR equal to the lesser of:

Reference Obligation Notional Amount means amount equal to 100 per cent of the Placed Notional, as reduced by an amount equal to any withdrawals made by the Hedge Counterparty from the Deposit Account from time to time or increased by any cash transfers made by the Hedge Counterparty into the Deposit Account from time to time.