Swapped Note Called Principal definition

Swapped Note Called Principal means, with respect to any Swapped Note, the principal of such Swapped Note that is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires.

Swapped Note Called Principal means, with respect to any Swapped Note, the principal of such Swapped Note that is to be prepaid pursuant to Section 8.2 or Section 8.3 or has become or is declared to be immediately due and payable pursuant to Section 12.1, as the context requires.

Swapped Note Called Principal is defined in Section 8.8(b).

Examples of Swapped Note Called Principal in a sentence

• Because there is no certainty when and how much of the Swapped Note Called Principal will be paid by the Issuer in an enforcement (e.g., such as in the case of a bankruptcy), the Noteholder does not want to be in a position to have to come out- of-pocket with respect to the Swapped Note Called Principal (by borrowing such amount or otherwise) at that time of termination of the Swap Agreement.

• The reason for this hypothetical determination is because in an actual accelerated exchange, the Noteholder would have to pay over to the swap counterparty the Swapped Note Called Principal in exchange for the Swapped Note Called Notional Amount.

• In determining the “Net Loss” or “Net Gain”, the traditional swap formula compares the difference between: (1) the USD equivalent of principal and accrued interest (which is reflected in the USD side of the cash flow hedge in the Swap Agreement) (the Swapped Note Called Notional Amount) and (2) all amounts of principal and accrued interest due under the Swapped Note (the Swapped Note Called Principal), plus/minus Swap Breakage Amount.

• This means that when the Swapped Note is prepaid early, and the Swap Agreement is amended or terminated, the Noteholder will contract with the swap counterparty for the right to deliver to the swap counterparty the Swapped Note Called Principal (with accrued interest), and in return the Noteholder will receive the Swapped Note Called Notional Amount (with accrued interest).

More Definitions of Swapped Note Called Principal

Swapped Note Called Principal means, with respect to any Swapped Note, the principal of such Swapped Note that is to be prepaid pursuant to Section

Swapped Note Called Principal means, with respect to any Swapped Note, the principal of such Swapped Note that is to be prepaid pursuant to Condition 10(c) (Redemption for tax reasons) or Condition 10(d) (Redemption at the option of the Issuer (Issuer Call)) or has become or is declared to be immediately due and payable pursuant to Condition 13(d) (Automatic Acceleration), as the context requires.

Swapped Note Called Principal means, with respect to any Swapped Note, the principal of such Swapped Note that is to be prepaid pursuant to Condition 5.2 (Optional Prepayment with Make-Whole Amount) or Condition 5.5 (Payments in Connection with Equity Cure of Financial Covenants) or has become or is declared to be immediately due and payable as a result of an Acceleration.

Swapped Note Called Principal means, with respect to any Swapped Note, the principal of such Swapped Note that is to be prepaid pursuant to Section 8.2 or has become or is declared to be immediately due and payable pursuant to