Required Outstanding Principal Balance Amount definition

Required Outstanding Principal Balance Amount has the meaning given to it in Clause 20.2 of the LLP Deed; Required Redemption Amount means, in respect of any relevant Series of Covered Bonds, the amount calculated as follows:  days tomaturity of the relevant      Principal Amount Outstanding of the  1  Negative Carry Factor x Series of Covered Bonds  ;   relevant Series of Covered Bonds     000    Requisite Ratings means (at any time) the rating then ascribed by each Rating Agency to the long- term, unsecured, unguaranteed and unsubordinated debt obligations of the Issuer; Reservations has the meaning given to it in Clause 4.1(e) of the Programme Agreement;

Required Outstanding Principal Balance Amount has the meaning given to it in Clause 15.2 of the Fund Deed;

Required Outstanding Principal Balance Amount has the meaning given to it in Clause 20.2 of the LLP Deed; Required Redemption Amount means, in respect of any relevant Series of Covered Bonds, the amount calculated as follows:  days tomaturity of the relevant      Principal Amount Outstanding of the  1  Negative Carry Factor x Series of Covered Bonds  ;   relevant Series of Covered Bonds     000    Requisite Ratings means (at any time) the rating then ascribed by each Rating Agency to the long- term, unsecured, unguaranteed and unsubordinated debt obligations of the Group Guarantor or the Issuer (if the Issuer is rated independently of the Group Guarantor); Reservations has the meaning given to it in Clause 4.1(e) of the Programme Agreement;

Examples of Required Outstanding Principal Balance Amount in a sentence

• Notwithstanding any provisions contained in the Transaction Documents, the requirement for Selected Loans to have in aggregate the Required Outstanding Principal Balance Amount shall not apply to a sale of Selected Loans in accordance with Clause 19.3.

• In the 6 (six) months prior to, as applicable, the Maturity Date or Extended Maturity Date, the Guarantor is obliged to sell the Selected Assets for the best price reasonably available notwithstanding that such price may be less than the Required Outstanding Principal Balance Amount.

• However, the Selected Assets may not be sold by the Guarantor for less than an amount equal to the Required Outstanding Principal Balance Amount for the relevant Series of Covered Bonds until six months prior to the Maturity Date in respect of such Covered Bonds or (if the same is specified as applicable in the relevant Final Terms) the Extended Maturity Date in respect of such Covered Bonds.

More Definitions of Required Outstanding Principal Balance Amount

Required Outstanding Principal Balance Amount has the meaning given to it in Clause 20.2 of the LLP Deed; Required Redemption Amount means, in respect of any relevant Series of Covered Bonds, the amount calculated as follows: ( | ( Principal Amount Outstandin g of the ⎞ | days to maturity of the relevant ⎞ | Series of Covered Bonds | | |– |1 + Negative Carry Factor x | ; ⎝ relevant Series of Covered Bonds ⎠ | ⎝ 365 | ⎠ Requisite Ratings means (at any time) the rating then ascribed by each Rating Agency to the long- term, unsecured, unguaranteed and unsubordinated debt obligations of the Issuer; Reservations has the meaning given to it in Clause 4.1(e) of the Programme Agreement; Reserve Fund means the reserve fund that the LLP will be required to establish on the GIC Account which will be credited with Available Revenue Receipts up to an amount equal to the Reserve Fund Required Amount, and any Cash Capital Contributions made to the LLP by the Seller which the Seller directs the LLP to credit thereto;

Required Outstanding Principal Balance Amount has the meaning given to it in Clause 20.2 of the LLP Deed;