Subordination Adjustment Amount definition

Subordination Adjustment Amount means, in relation to any Mezzanine Portfolio Credit Default Swap and any time, the sum of the First Reserve Account Balance and the Second Reserve Account Balance at such time. For the avoidance of doubt, the Second Reserve Account Balance used for the calculation of the Subordination Adjustment Amount shall not include any accrued interest thereon.
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Subordination Adjustment Amount means, in respect of all Replacements having the same Replacement Compliance Date, the amount determined by the Structured Credit Desk of Swap Counterparty in its sole discretion, based on its estimate of the amount by which the Adjusted Subordination Amount would need to increase (expressed as a positive amount) or decrease (expressed as a negative amount) so that its estimated value of the Transaction to the Structured Credit Desk of Swap Counterparty immediately after giving effect to such Replacements is equal to its estimated value of the Transaction to the Structured Credit Desk of Swap Counterparty immediately before giving effect to such Replacements. In making such determination the Structured Credit Desk of Swap Counterparty may consider such factors as it deems necessary or appropriate, including, in any event and without limitation, the following:
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Subordination Adjustment Amount means, in respect of all Replacements having the same Replacement Compliance Date, the amount determined by the Structured Credit Desk of Buyer acting in good faith and in a commercially reasonable manner, based on its estimate of the amount by which the Adjusted Subordination Amount would need to increase (expressed as a positive amount) or decrease (expressed as a negative amount) so that its estimated value of the Transaction to the Structured Credit Desk of Buyer immediately after giving effect to such Replacements is equal to its estimated value of the Transaction to the Structured Credit Desk of Buyer immediately before giving effect to such Replacements. In making such determination the Structured Credit Desk of Buyer may consider such factors as it deems necessary or appropriate, including, in any event and without limitation, the following:
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Examples of Subordination Adjustment Amount in a sentence

  • Aggregate Subordination Adjustment Amount means, in respect of each Series of Notes, the aggregate of all Subordination Adjustment Amounts.

  • In this Agreement the following terms will have the following meanings: Adjustment means, in respect of each Trade the subject of a valid Firm Trade Request, the relevant TRL Adjustment, Tranche Restoration Adjustment and Subordination Adjustment Amount, each as determined by the Counterparty in its sole discretion (acting in a commercially reasonable manner) and specified in the related Notice of Firm Trade Information.

  • The Counterparty shall promptly determine the applicable Subordination Adjustment Amount that would result from such Cash Settlement Amount and notify the Portfolio Manager.

  • Cap: In respect of each Class of Notes, the Initial Cap plus the absolute value of each Subordination Adjustment Amount calculated pursuant to an Adjustment which is a negative amount and less each Subordination Adjustment Amount calculated pursuant to an Adjustment which is a positive amount.

  • Fitch Risk Tranche Current Credit Enhancement Level means, on any date, the number, expressed as a percentage of the Portfolio Notional Amount, equal to the quotient of (a) the greater of (i) the Loss Threshold minus the Aggregate Loss Amount plus the Aggregate Subordination Adjustment Amount plus the Trading Account Balance and (ii) zero divided by (b) the Portfolio Notional Amount.

  • Until the first regular City Council meeting following the May 2023 election where the Place 6 Councilmember is seated, the Mayor shall vote on matters coming before the City Council only in the event of a tie.


More Definitions of Subordination Adjustment Amount

Subordination Adjustment Amount means the amount of subordination which would be needed to compensate the Replacement Cost.
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Subordination Adjustment Amount means, in respect of any Adjustment, the adjustment to the Cap and Threshold in respect of each Class of Notes, being in each case an amount (which may be positive or negative) equal to the Adjustment Amount divided by the Subordination Adjustment Sensitivity, as determined by the Credit Default Swap Counterparty in its discretion.
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Subordination Adjustment Amount means Adjustment Amount, divided by (ii) the relevant Subordination Sensitivity.
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Subordination Adjustment Amount means an amount (which may be a positive or a negative number) equal to (i) the Substitution Payment divided by (ii) the Subordination Sensitivity as determined by the Buyer in good faith and in a commercially reasonable manner.
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Related to Subordination Adjustment Amount

  • Substitution Adjustment Amount As defined in Section 2.03.

  • Dilution Adjustment means any fraction or number by which the Exchange Rate shall be multiplied pursuant to Section 6.1(a), (b), (c) or (d).

  • Buy In Adjustment Amount shall have the meaning specified in Section 6.

  • Capitalization Adjustment means any change that is made in, or other events that occur with respect to, the Common Stock subject to the Plan or subject to any Stock Award after the Adoption Date without the receipt of consideration by the Company through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in property other than cash, large nonrecurring cash dividend, stock split, reverse stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or any similar equity restructuring transaction, as that term is used in Statement of Financial Accounting Standards Board Accounting Standards Codification Topic 718 (or any successor thereto). Notwithstanding the foregoing, the conversion of any convertible securities of the Company will not be treated as a Capitalization Adjustment.

  • Substitution Adjustment As defined in Section 2.03(d) hereof.

  • MFN Adjustment has the meaning specified in Section 2.14(b).

  • Inflation adjustment means that term as defined in the master settlement agreement.

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Class B Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class B Invested Amount less the positive difference, if any, between the Principal Funding Account Balance and the Class A Invested Amount on such date.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.2(a).

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to (A) the Closing Net Working Capital as finally determined pursuant to this Section 2.5 minus the Estimated Net Working Capital, plus (B) Estimated Indebtedness minus Closing Indebtedness as finally determined pursuant to this Section 2.5, plus (C) Closing Cash as finally determined pursuant to this Section 2.5 minus Estimated Cash, plus (D) Estimated Transaction Expenses minus Closing Transaction Expenses as finally determined pursuant to this Section 2.5;

  • XXXXX Adjustment means, with respect to XXXXX, 0.0326% per annum.

  • Closing Adjustment Amount shall have the meaning set forth in Section 2.3(c).

  • Subordination Reduction Amount With respect to any Distribution Date, an amount equal to the lesser of (a) the Excess Subordinated Amount and (b) the Net Monthly Excess Cash Flow.

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Clawback Amount means the “Clawback Amount” and the “Interim Clawback Amount,” both as defined in Article One of the BREP VII Partnership Agreement, and any other clawback amount payable to the limited partners of BREP VII or to BREP VII pursuant to any BREP VII Agreement, as applicable.

  • Purchase Price Adjustment Escrow Amount means $1,500,000.

  • Transmission Adjusted Market Flow means the result of applying the M2M Entitlement Transmission Adjusted Market Flow Calculation to the New Year Market Flow. The resulting Transmission Adjusted Market Flow is then used as the Reference Year Market Flow in all subsequent, iterative, evaluations.

  • Spread Adjustment means 100 basis points.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Maximum Settlement Amount means the maximum amount the Company may be required to pay pursuant to this Settlement, which is the sum of One Hundred Forty-Five Thousand Dollars ($145,000), including any of the Company’s employer-side share of FICA, FUTA, and other similar, mandatory employer-side payroll taxes. In no event shall the Maximum Settlement Amount exceed the foregoing sum.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Class A Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class A Invested Amount less the Principal Funding Account Balance (but not in excess of the Class A Invested Amount) on such date.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.