Tranche Notional Amount definition

Tranche Notional Amount means, with respect to a Fixed Rate Calculation Date, an amount equal to the Initial Tranche Notional Amount minus the Aggregate Cash Settlement Amount as at that Fixed Rate Calculation Date.Notwithstanding Section 2.5 or Article V of the Credit Derivatives Definitions, the Fixed Amount payable by the Protection Buyer on the Fixed Rate Payer Payment Date (the “Bridge Date”) immediately following the Securities Maturity Date (as defined in the Conditions) shall be calculated in accordance with the Fixed Amount Adjustment Method provisions below.The sum of: (i) (a) 0.45 per cent. per annum with respect to each Fixed Rate Payer Calculation Period from and including the Fixed Rate Payer Calculation Period scheduled to commence on (and include) the Effective Date to and including the Fixed Rate Payer Calculation Period scheduled to end on (but exclude) 26 February 2017 (the “Step Up Date”) or (b) 0.60 per cent. per annum with respect to each Fixed Rate Payer Calculation Period from and including the Fixed Rate Payer Calculation Period scheduled to commence on (and include) the Step Up Date to and including the Fixed Rate Payer Calculation Period scheduled to end on (but exclude) the Scheduled Termination Date and (ii) the Deposit Margin (as defined in the Deposit Agreement), multiplied by the nominal amount of the Main Deposit divided by the Tranche Notional Amount, such Deposit Margin being notified by the Protection Seller to the Protection Buyer,Provided that the Fixed Rate payable by the Protection Buyer shall not exceed 1.45 per cent. per annum prior to the Step Up Date and 1.60 per cent. per annum thereafter or be less than zero.Fixed Rate Payer Payment Dates: Each Fixed Rate Payer Period End Date.Payment Observation Date: With respect to any Fixed Rate Payer Payment Date, the dateoccurring two Business Days prior to that Fixed Rate Payer Payment Date.Fixed Rate Payer Calculation Period:Each period from, and including, one Fixed Rate Payer Period End Date to, but excluding, the next following Fixed Rate Payer Period End Date, except that (a) the initial Fixed Rate Payer Calculation Period will commence on, and include, the Effective Date, and (b) the final Fixed Rate Payer Calculation Period will end on, but exclude, the Termination Date (which may occur prior to the Step Up Date or the Scheduled Termination Date).Fixed Rate Payer Period End Dates: 26 February, 26 May, 26 August and 26 November in eachyear from and including 26 August 2007.Fixed Rate Day ...
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Tranche Notional Amount means, with respect to Tranche Notes, the Aggregate Notional Amount of the Notes on the Issue Date or such other amount specified as such in the applicable Pricing Supplement.
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Tranche Notional Amount means, for any Tranche, the amount specified as such in the Pricing Supplement; provided that the sum of the Tranche Notional Amounts for all Tranches shall be equal to the Purchase Price.
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Examples of Tranche Notional Amount in a sentence

  • Such termination shall take effect through a reduction of the Outstanding Tranche Notional Amount, each Reference Entity Notional Amount and the Aggregate Loss Determination Amount in the Applicable Proportion, together with such other reductions and modifications required as determined by the Calculation Agent to give effect to the partial termination of the Transaction.

  • If the Adjustment is a reduction in the amount of Tranche Amortisation Amount as previously calculated and the Tranche Notional Amount has already been decreased by such Tranche Amortisation Amount on the last day of the relevant Tranche Calculation Period (such an Adjustment, an “Upward Amortisation Adjustment”), the Tranche Amortisation Amount shall not be adjusted retrospectively according to paragraph (c) above.

  • Aggregate Loss Amount means the lowest of: - The Tranche Notional Amount; and - The highest of (1) zero and (2) the difference between (x) the aggregate of the Loss Amount for all Reference Entities in respect of which a Credit Event Determination Date has occurred and (y) the Tranche Subordination Amount Applicable Credit Event(s) means the Credit Event(s) applicable to a specific Transaction Type or to a specific Reference Entity as specified in Part 2 of the Credit Linked Provisions Module.

  • The final Fee Fixed Rate Payer Calculation Period shall end on and include the earlier of (A) the Scheduled Termination Date, and (B) the day on which the Outstanding Sterling Tranche Notional Amount isreduced to zero.

  • Fixed Rate Payer Calculation Amount:Subject to the provisions relating to "Deferral of Fixed Amounts" below, for any Fixed Rate Payer Calculation Period, the Outstanding Tranche Notional Amount on the last day of such period.

  • Fixed Rate Payer Payment Dates: Two Business Days prior to each Fixed Rate Payer Period End Date unless the Fixed Rate Payer Period End Date is the day on which the Outstanding Tranche Notional Amount is reduced to zero, in which case the Fixed Rate Payer Payment Date will be two Business Days prior to the related Cash Settlement Date.

  • Final Fixed Rate Payer Calculation Period and final Fixed Rate Payer Period End Date: The final Fixed Rate Payer Calculation Period shall end on and include, and therefore the final Fixed Rate Payer Period End Date shall be, the earlier of (A) the Scheduled Termination Date, and (B) the day on which the Outstanding Tranche Notional Amount is reducedto zero.

  • Thereafter on 20 December in each year from and including 20 December 2007 to and including the earlier of (i) 20 December 2015 and (ii) the Termination Date, the Fee Fixed Rate Payer will pay in advance the Fee Fixed Amount in respect of the Fee Fixed Rate Payer Calculation Period ending one year later (in each case calculated based on the Outstanding Sterling Tranche Notional Amount on the day such payment is made), subject to adjustment in accordancewith the Business Day Convention.

  • For the avoidance of doubt, if the Outstanding Tranche Notional Amount has not been reduced to zero before the day falling two Business Days prior to the Scheduled Termination Date, the final Fixed Rate Payer Payment Date shall be such second Business Dayprior to the Scheduled Termination Date.

  • The Transaction will be divided into two tranches (each, a “Tranche”), each with the terms set forth in this Confirmation, and in particular, with the Tranche Discount, Tranche Notional Amount and Observation Days set forth in the Pricing Supplement.


More Definitions of Tranche Notional Amount

Tranche Notional Amount means, on any calendar day, an amount equal to the greater of (a) the lower of (1)(A) the Initial Tranche Notional Amount minus (B) the product of the Factor multiplied by the Net Settlement Position (as defined in the Default Swap) and (2) the Initial Tranche Notional Amount; and (b) zero.
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Related to Tranche Notional Amount

  • Aggregate Notional Amount means, with respect to any date of determination, an amount equal to the sum of the notional amounts or equivalent amounts of all outstanding Hedging Agreements, Replacement Hedging Agreements and Qualified Substitute Arrangements, each as of such date of determination.

  • Class A-X Notional Amount With respect to any Distribution Date, an amount equal to the aggregate Scheduled Principal Balance of the Non-Discount Mortgage Loans.

  • Class Notional Amount Not applicable.

  • Notional Amount With respect to any Class or Subclass of Interest Only Certificates, an amount used as the principal basis for the calculation of any interest payment amount, as more specifically defined in the Series Supplement.

  • Swap Notional Amount With respect to any Distribution Date is the amount set forth on Schedule II attached hereto with respect to such Distribution Date.

  • Class X Notional Amount As of any date of determination, the sum of the then Component Notional Amounts of all the Components.

  • Transaction Notional Amount means (A) in respect of any Transaction that is a cross currency hedge, the Base Currency Equivalent of the Currency Amount applicable to Party A’s payment obligations and (B) in respect of any other Transaction, the Base Currency Equivalent of the Notional Amount.

  • Class X-A Notional Amount With respect to the Class X-A Certificates as of any date of determination, the sum of the Component Notional Amounts of the Class X-A Components.

  • Class X-D Notional Amount With respect to the Class X-D Certificates as of any date of determination, the sum of the Component Notional Amounts of the Class X-D Components.

  • Original Notional Amount With respect to the Class X-1 Notional Amount and Class X-2 Notional Amount, the initial Notional Amount thereof as of the Closing Date, as specified in the Preliminary Statement.

  • Initial Notional Amount With respect to any Class or Subclass of Interest Only Certificates, the amount initially used as the principal basis for the calculation of any interest payment amount, as more specifically defined in the Series Supplement.

  • Component Notional Amount Not applicable.

  • Certificate Notional Amount With respect to any Interest Only Certificate, as of any date of determination, the then notional principal amount on which such Certificate accrues interest, equal to the product of (a) the then Certificate Factor for the Class of Interest Only Certificates to which such Certificate belongs, multiplied by (b) the amount specified on the face of such Certificate as the initial Certificate Notional Amount thereof.

  • Class X-B Notional Amount With respect to the Class X-B Certificates as of any date of determination, the sum of the Component Notional Amounts of the Class X-B Components.

  • Additional Amount Payment means a payment to a Holder of MuniFund Term Preferred Shares of an amount which, when taken together with the aggregate amount of Taxable Allocations made to such Holder to which such Additional Amount Payment relates, would cause such Holder’s dividends in dollars (after federal income tax consequences) from the aggregate of such Taxable Allocations and the related Additional Amount Payment to be equal to the dollar amount of the dividends that would have been received by such Holder if the amount of such aggregate Taxable Allocations would have been excludable (for federal income tax purposes) from the gross income of such Holder. Such Additional Amount Payment shall be calculated (i) without A-1 consideration being given to the time value of money; (ii) assuming that no Holder of MuniFund Term Preferred Shares is subject to the federal alternative minimum tax with respect to dividends received from the Fund; and (iii) assuming that each Taxable Allocation and each Additional Amount Payment (except to the extent such Additional Amount Payment is designated as an exempt-interest dividend under Section 852(b)(5) of the Code) would be taxable in the hands of each Holder of MuniFund Term Preferred Shares at the maximum marginal regular federal individual income tax rate applicable to ordinary income or net capital gains, as applicable, or the maximum marginal regular federal corporate income tax rate applicable to ordinary income or net capital gains, as applicable, whichever is greater, in effect at the time such Additional Amount Payment is paid.

  • Notional Amount Certificates As specified in the Preliminary Statement.

  • Preliminary Class Notional Amount With respect to each Reference Tranche, the amount which is equal to the Class Notional Amount of such Reference Tranche immediately prior to such Payment Date, after the application of the Preliminary Tranche Write-down Amount in accordance with the same priorities set forth in Section 3.03(b) hereof, and after the application of the Preliminary Tranche Write-up Amount in accordance with the same priorities set forth in the Section 3.03(c) hereof.

  • Uncertificated Notional Amount With respect to REMIC 2 Regular Interest Swap IO and each Distribution Date listed below, the aggregate Uncertificated Principal Balance of the REMIC 1 Regular Interests ending with the designation “A” listed below: 3 I-2-A through I-59-A and II-2-A through II-59-A 4 I-3-A through I-59-A and II-3-A through II-59-A 5 I-4-A through I-59-A and II-4-A through II-59-A 6 I-5-A through I-59-A and II-5-A through II-59-A 7 I-6-A through I-59-A and II-6-A through II-59-A 8 I-7-A through I-59-A and II-7-A through II-59-A 9 I-8-A through I-59-A and II-8-A through II-59-A 10 I-9-A through I-59-A and II-9-A through II-59-A 11 I-10-A through I-59-A and II-10-A through II-59-A 12 I-11-A through I-59-A and II-11-A through II-59-A 13 I-12-A through I-59-A and II-12-A through II-59-A 14 I-13-A through I-59-A and II-13-A through II-59-A 15 I-14-A through I-59-A and II-14-A through II-59-A 19 I-18-A through I-59-A and II-18-A through II-59-A 20 I-19-A through I-59-A and II-19-A through II-59-A 22 I-21-A through I-59-A and II-21-A through II-59-A 24 I-23-A through I-59-A and II-23-A through II-59-A 25 I-24-A through I-59-A and II-24-A through II-59-A 26 I-25-A through I-59-A and II-25-A through II-59-A 27 I-26-A through I-59-A and II-26-A through II-59-A 28 I-27-A through I-59-A and II-27-A through II-59-A 29 I-28-A through I-59-A and II-28-A through II-59-A 30 I-29-A through I-59-A and II-29-A through II-59-A 33 I-32-A through I-59-A and II-32-A through II-59-A 34 I-33-A through I-59-A and II-33-A through II-59-A 35 I-34-A through I-59-A and II-34-A through II-59-A 36 I-35-A through I-59-A and II-35-A through II-59-A 38 I-37-A through I-59-A and II-37-A through II-59-A 39 I-38-A through I-59-A and II-38-A through II-59-A 40 I-39-A through I-59-A and II-39-A through II-59-A 41 I-40-A through I-59-A and II-40-A through II-59-A 42 I-41-A through I-59-A and II-41-A through II-59-A 43 I-42-A through I-59-A and II-42-A through II-59-A 44 I-43-A through I-59-A and II-43-A through II-59-A 45 I-44-A through I-59-A and II-44-A through II-59-A 48 I-47-A through I-59-A and II-47-A through II-59-A 49 I-48-A through I-59-A and II-48-A through II-59-A 50 I-49-A through I-59-A and II-49-A through II-59-A 51 I-50-A through I-59-A and II-50-A through II-59-A 52 I-51-A through I-59-A and II-51-A through II-59-A 53 I-52-A through I-59-A and II-52-A through II-59-A 54 I-53-A through I-59-A and II-53-A through II-59-A 55 I-54-A through I-59-A and II-54-A through II-59-A 56 I-55-A through I-59-A and II-59-A through II-59-A 57 I-56-A through I-59-A and II-56-A through II-59-A 58 I-57-A through I-59-A and II-57-A through II-59-A 59 I-58-A through I-59-A and II-58-A through II-59-A 60 I-59-A and II-59-A thereafter $0.00

  • Initial Amount means, with respect to the Proposition 1A Receivable, the amount of property tax revenue reallocated away from the Seller pursuant to the provisions of Section 100.06 of the Revenue and Taxation Code, as certified by the County Auditor pursuant to the Act.

  • Incremental Amount has the meaning specified in Section 2.14(a).

  • 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.

  • Aggregate Nominal Amount means the aggregate nominal amount of the Securities set out in the relevant Final Terms.

  • Interest Accrual Amount As to any Distribution Date and any Class of Class A Certificates (other than the Class A-PO Certificates), (a) the product of (i) 1/12th of the Class A Pass-Through Rate for such Class and (ii) the Principal Balance of such Class as of the Determination Date preceding such Distribution Date minus (b) the Class A Interest Percentage of such Class of (i) any Non-Supported Interest Shortfall allocated to the Class A Certificates with respect to such Distribution Date, (ii) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class A Certificates with respect to such Distribution Date pursuant to Section 4.02(e) and (iii) the interest portion of any Realized Losses (other than Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) allocated to the Class A Certificates on or after the Cross-Over Date pursuant to Section 4.02(e). The Class A-PO Certificates have no Interest Accrual Amount. As to any Distribution Date and any Class of Class B Certificates, an amount equal to (i) the product of 1/12th of the Class B Pass-Through Rate and the Principal Balance of such Class as of the Determination Date preceding such Distribution Date minus (ii) the Class B Interest Percentage of such Class of (x) any Non-Supported Interest Shortfall allocated to the Class B Certificates with respect to such Distribution Date and (y) the interest portion of any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses allocated to the Class B Certificates with respect to such Distribution Date pursuant to Section 4.02(e).

  • Available Incremental Amount has the meaning set forth in Section 2.14(d)(v).

  • Prepayment Shift Percentage Not applicable.

  • Class B-2 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of: