S&P Collateral Principal Amount means as of any Determination Date:
S&P Collateral Principal Amount. As of any date of determination, the Collateral Principal Xxxxxx (calculated without including the Aggregate Principal Balance of any Defaulted Obligations) plus the S&P Collateral Value of all Defaulted Obligations that have been Defaulted Obligations for less than three years.
S&P Collateral Principal Amount means as of any date of determination:(iii) Agent Members shall have no rights under this Indenture with respect to any Global Securities held on their behalf by the Trustee, as custodian for DTC and DTC may be treated by the Applicable Issuer, the Trustee and any agent of the Applicable Issuer or the Trustee as the absolute owner of such Security for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Applicable Issuer, the Trustee or any agent of the Applicable Issuer or the Trustee, from giving effect to any written certification, proxy or other authorization furnished by DTC or impair, as between DTC and its Agent Members, the operation of customary practices governing the exercise of the rights of a Holder of any Security. SectionA2u.3t.horized Amount; Stated Maturity; Denominations
Examples of S&P Collateral Principal Amount in a sentence
Act and Act of Holders: The meanings specified in Section 14.2. Adjusted Class Break-even Default Rate: The rate equal to (a)(i) the Class Break-even Default Rate multiplied by (ii)(x) the Target Initial Par Amount divided by (y) the S&P Collateral Principal Amount plus (b)(i)(x) the S&P Collateral Principal Amount minus (y) the Target Initial Par Amount, divided by (ii)(x) the S&P Collateral Principal Amount multiplied by (y) 1 minus the Weighted Average S&P Recovery Rate.
More Definitions of S&P Collateral Principal Amount
S&P Collateral Principal Amount means, as of any date of determination, an amount equal to the sum of (without duplication) (a) the Aggregate Principal Balance (including Principal Financed Accrued Interest) of all Collateral Obligations (other than Defaulted Obligations), plus (b) the amounts on deposit in the Principal Collection Account (including Eligible Investments therein) representing Principal Proceeds on such date of determination, plus (c) with respect to all Defaulted Obligations that have been Defaulted Obligations for less than three years, the S&P Collateral Value thereof.