Restructured Principal Amount definition

Restructured Principal Amount means an amount equal to (i) the Reference Obligation Notional Amount of the Reference Obligation immediately prior to the occurrence of a Reference Entity Restructuring Credit Event or a Reference Credit Support Provider Restructuring Credit Event minus (ii) the Reference Entity Credit Loss Event Amount or Reference Credit Support Provider Credit Loss Event Amount, as applicable. If more than one Reference Entity Restructuring Credit Event or Reference Credit Support Provider Restructuring Credit Event occurs with respect to a Reference Obligation, the Reference Obligation Notional Amount shall be reduced by the aggregate of such Reference Entity Credit Loss Event Amounts and/or Reference Credit Support Provider Credit Loss Event Amounts. If Reference Collateral or any other security is given as security for more than one obligation (including such Defaulted Reference Obligation), Recoveries in respect of such Reference Collateral or any other security shall (except to the extent required otherwise by law and except to the extent provided otherwisein the documentation relating to the relevant obligations) be allocated pro rata among the obligations in respect of which Reference Collateral or any other security has been given determined by reference to the outstanding principal amount of the relevant obligations on the date on which the Credit Event occurred which leads to the satisfaction of Conditions to Credit Protection (or, in the case of paragraph (5) above of Conditions of Credit Protection, the date of the delivery of the Final Credit Loss Event Notice). Calculation of Aggregate Issuer PaymentOn each Calculation Date, the Calculation Agent shall calculate the Aggregate Issuer Payment in respect of Issuer Payments verified by the Independent Accountants in the Calculation Period ending on (but not including) such Calculation Date. The amount of the Aggregate Issuer Payment will be satisfied by the Issuer liquidating the Cash Collateral or, as the case may be, arranging for the repurchase by the Repo Counterparty of the relevant amounts of Repo Securities pursuant to the Repo Agreement and by paying the relevant amount to the Swap Counterparty.
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Restructured Principal Amount means an amount equal to (i) the Reference Obligation Notional Amount of the Reference Obligation immediately prior to the occurrence of a Restructuring minus (ii) the Restructuring Loss Event Amount. If more than one Restructuring occurs with respect to a Reference Obligation, the Reference Obligation Notional Amount shall be reduced by the aggregate of such Restructuring Loss Event Amounts.
Sample 1
Restructured Principal Amount means, in relation to any Defaulted Reference Obligation in respect of which a Restructuring Event has occurred, an amount equal to (i) the Reference Obligation Notional Amount of the Reference Obligation immediately prior to the occurrence of such Restructuring, minus (ii) the Credit Loss Event Amount relating to such Defaulted Reference Obligation.
Sample 1

Examples of Restructured Principal Amount in a sentence

  • Restructured Principal Amount The "Restructured Principal Amount" is, where the Credit Event specified in the relevant Credit Event Notice is a Restructuring Credit Event, the Defaulted Notional Amount less the Forgiven Principal, if any.

  • In respect of a CLE Method RO, upon the calculation of the Credit Loss Event Amount, the Reference Obligation shall remain in the Reference Portfolio and the Reference Obligation Notional Amount of such Reference Obligation shall be reduced to the Restructured Principal Amount and may then be subject to further adjustment in respect of any subsequent Reduction, Removal or Credit Event.

  • Restructured Principal AmountThe "Restructured Principal Amount" is, where the Credit Event specified in the relevant Credit Event Notice is a Restructuring Credit Event, the Defaulted Notional Amount less the Forgiven Principal, if any.

  • Each student subject to expulsion shall have their situation reviewed by the superintendent on a case-by case basis LEGAL REF: MCL.

  • With respect to a Bankruptcy or Failure to Pay Credit Event, following satisfaction of the Conditions to Credit Protection, the Defaulted Reference Obligation shall be removed from the Reference Portfolio.With respect to a Restructuring, following satisfaction of the Conditions to Credit Protection, the Reference Obligation Notional Amount of the Defaulted Reference Obligation shall be an amount equal to the Restructured Principal Amount.

  • Restructured Principal Amount of the relevant Reference Obligation (if the Credit Event specified in the relevant Credit Event Notice is a Restructuring Credit Event) (all such terms as defined in the Credit Default Swap).


More Definitions of Restructured Principal Amount

Restructured Principal Amount means an amount equal to (i) the Reference Obligation Notional Amount of the Reference Obligation immediately prior to the occurrence of a Restructuring minus (ii) the Credit Loss Event Amount. If more than one Restructuring occurs with respect to a Reference Obligation, the Reference Obligation Notional Amount shall be reduced by the aggregate of such Credit Loss Event Amounts. In respect of a Defaulted Reference Obligation denominated in a Non-Euro Currency, the Restructured Principal Amount shall be converted into euro at the Applicable FX Rate as of the immediately preceding FX Reset Date for such Non-Euro Reference Obligation.Recoveries "Recoveries" means, with respect to any DefaultedReference Obligation, the sum of each of the following amounts received or applied by the applicable lender(s) of such Defaulted Reference Obligation after the occurrence of the Credit Event:
Sample 1
Restructured Principal Amount means, where the Credit Event specified in the relevant Credit Event Notice is a Restructuring, the Reference Obligation Notional Amount minus the Credit Loss Event Amount, if any.
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Related to Restructured Principal Amount

  • Accelerated Principal Amount for a Distribution Date will equal the lesser of

  • Principal amount financed means the unpaid cash price balance after deducting the down payment, adding the cost of any insurance premiums required or obtained as security for or by reason of the sale of a motor vehicle under an installment sale contract, and adding other costs necessary or incidental to the sale of the motor vehicle under the contract that the seller contracts to pay on behalf of the buyer and for the amount of which the seller agrees to extend credit to the buyer and for which the buyer contracts voluntarily.

  • Scheduled Principal Amount The sum for each outstanding Mortgage Loan (including each defaulted Mortgage Loan with respect to which the related Mortgaged Property has been acquired by the Trust Estate) of the product of (A) the Non-PO Fraction for such Mortgage Loan and (B) the sum of the amounts described in clauses Iy(i) and Iy(iv) of the definition of Class A Non-PO Optimal Principal Amount, but without such amount being multiplied by the Class A Percentage.

  • Stated Principal Amount means $1,000,000,000 or such higher amount as is specified in any Notice of Additional Issuance under Section 2.09.

  • Original Principal Amount means $296,000,000 for the Class A-1 Notes, $330,000,000 for the Class A-2a Notes, $100,000,000 for the Class A-2b Notes, $428,000,000 for the Class A-3 Notes and $96,000,000 for the Class A-4 Notes.

  • PO Principal Amount As to any Distribution Date and Loan Group, the sum of the applicable PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with any Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date with respect to such Mortgage Loan and (f) all Principal Prepayments received on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date.

  • Collateral Principal Amount means on any date of determination (A) the aggregate principal balance of the Portfolio, including the funded and unfunded balance on any Delayed Funding Term Loan or Revolving Loan, as of such date plus (B) the amounts on deposit in the Accounts (including cash and Cash Equivalents) representing Principal Proceeds as of such date minus (C) the aggregate principal balance of all Ineligible Investments as of such date.

  • Class Principal Amount With respect to each Class of Certificates other than any Class of Notional Certificates, the aggregate of the Certificate Principal Amounts of all Certificates of such Class at the date of determination. With respect to each Class of Notional Certificates, zero.

  • Notional Principal Amount For calculating interest payments, on each Class of outstanding Interest Only MAC Notes as of any Payment Date, an amount equal to the outstanding Class Principal Balance as of such Payment Date of the portion of the related Class of Class M Notes that was exchanged for such Interest Only MAC Note.

  • Applicable Principal Amount means the aggregate principal amount of the Senior Notes that are components of Corporate Units.

  • Current Principal Amount With respect to any Certificate (other than an Interest Only Certificate) as of any Distribution Date, the initial principal amount of such Certificate, and reduced by (i) all amounts distributed on previous Distribution Dates on such Certificate with respect to principal, (ii) the principal portion of all Realized Losses allocated prior to such Distribution Date to such Certificate, taking account of the Loss Allocation Limitation and (iii) in the case of a Subordinate Certificate, such Certificate's pro rata share, if any, of the applicable Subordinate Certificate Writedown Amount for previous Distribution Dates. With respect to any Class of Certificates (other than an Interest Only Certificate), the Current Principal Amount thereof will equal the sum of the Current Principal Amounts of all Certificates in such Class. Notwithstanding the foregoing, solely for purposes of giving consents, directions, waivers, approvals, requests and notices, the Class R-I, Class R-II and Class R-III Certificates after the Distribution Date on which they each receive the distribution of the last dollar of their respective original principal amount shall be deemed to have Current Principal Amounts equal to their respective Current Principal Amounts on the day immediately preceding such Distribution Date.

  • Attributable Principal Amount means (a) in the case of capital leases, the amount of capital lease obligations determined in accordance with GAAP, (b) in the case of Synthetic Leases, an amount determined by capitalization of the remaining lease payments thereunder as if it were a capital lease determined in accordance with GAAP, (c) in the case of Securitization Transactions, the outstanding principal amount of such financing, after taking into account reserve amounts and making appropriate adjustments, determined by the Administrative Agent in its reasonable judgment and (d) in the case of Sale and Leaseback Transactions, the present value (discounted in accordance with GAAP at the debt rate implied in the applicable lease) of the obligations of the lessee for rental payments during the term of such lease).

  • Senior Optimal Principal Amount As to a Mortgage Pool and with respect to each Distribution Date, an amount equal to the sum of:

  • Initial Principal Amount means, with respect to any Series or Class (or Subclass) of Notes, the aggregate initial principal amount of such Series or Class (or Subclass) of Notes specified in the applicable Series Supplement.

  • Accreted Principal Amount for the Class A-2 Certificates means for each six-month period from and including each date specified in Schedule II hereof to but excluding the next such date, the amount specified in Schedule II as the "Ending Balance" for such beginning date.

  • Adjusted Collateral Principal Amount means, as of any date of determination: