Senior Par Value Ratio means, as at any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Par Coverage Numerator by the sum of the Super Senior Swap Notional Amount, the aggregate Principal Amount of the Senior Notes and each amount then available for Addition or Replenishment which has not been used to make an Addition or Replenishment, as the case may be.
Senior Par Value Ratio means, as of any Measurement Date after the Effective Date, the ratio (expressed as a percentage) obtained by dividing (a) the amount equal to the Aggregate Collateral Balance less the Senior Par Value Test Excess Adjustment Amount by (b) the Principal Amount Outstanding of the Senior Notes.
Senior Par Value Ratio means, as of any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Aggregate Collateral Balance by the Principal Amount Outstanding of the Senior Notes.
Examples of Senior Par Value Ratio in a sentence
The Collateral Manager may also be removed upon 90 days' prior written notice by the Trustee acting upon the directions of the holders of the Class A Senior Notes acting by way of Ordinary Resolution in the event the Class A Senior Par Value Ratio is less than 100.25 per cent., provided that for the purposes of making any such determination, Notes owned by the Collateral Manager or any Affiliate thereof shall be disregarded and deemed not to be Outstanding.
More Definitions of Senior Par Value Ratio
Senior Par Value Ratio. ’ means, as at any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Par Coverage Numerator by the aggregate principal amount outstanding of the Senior Notes Outstanding.
Senior Par Value Ratio means, as at any Measurement Date, the ratio (expressed as a percentage) obtained by dividing:
Senior Par Value Ratio means the ratio (expressed as a percentage) obtained by dividing the amount of the Debt Obligations Principal Balance (less the Par Value Test Excess Adjustment Amount) by the aggregate Principal Amount Outstanding of the Senior Notes.
Senior Par Value Ratio means, in respect of the Senior Notes, the ratio (expressed as a percentage) obtained by: Dividing
Senior Par Value Ratio means, as of any Measurement Date and as applicable, the ratio (expressed as a percentage):
Senior Par Value Ratio means, as at any Measurement Date, the ratio (expressed as a percentage) obtained by dividing (a) the Par Coverage Numerator by (b) the sum of the aggregate Principal Amount Outstanding of the Senior Debt (other than the Class X Senior Notes) and the Class B Senior Notes and the amount of any unreimbursed Interest Advances.
Senior Par Value Ratio means, as at any Measurement Date, the ratio (expressed as a percentage) obtained by dividing the Par Coverage Numerator by the sum of the Super Senior Swap Notional Amount, the aggregate Principal Amount of the Senior Notes and each amount then available for Replenishment which has not been used by the Portfolio Administrator to make a Replenishment.