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) 1.45% per annum with respect to each Fixed Rate Payer Calculation Period commencing on and including the Fixed Rate Payer Calculation Period scheduled to commence on (and include) the Effective Date to the Fixed Rate Payer Calculation Period scheduled to end on (but exclude) 30 November 2012 (the “Step Up Date”) or 2.15 % per annum with respect to each Fixed Rate Payer Calculation Period commencing on 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; plus (ii) the Deposit Margin (as defined in the Deposit Agreement), multiplied by the nominal amount of the Main Deposit divided to 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 2.45 per cent. per annum prior to the Step Up Date and 3.15 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 2 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 Issue Date, and (b) the final Fixed Rate Payer Calculation Period will end on, but exclude, the Termination Date.Fixed Rate Payer Period End Dates: 28 February, 30 May, 30 August and 30 November in eachyear, from and including 28 February 2006.Fixed Rate Day Count Fraction: Actual/360Fixed Amount Adjustment Method: If the Calculation Agent determines in its...

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.

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.

Examples of Tranche Notional Amount in a sentence

• In the event the Aggregate Cash Settlement Amount so calculated would exceed the Initial Tranche Notional Amount, the last Cash Settlement Amount shall be reduced so that the Aggregate Cash Settlement Amount equals the Initial Tranche Notional Amount.

• 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.

• Outstanding Tranche Notional Amount: On any day, and subject to a minimum of zero,an amount equal to: (a) the Initial Tranche Notional Amount; minus (b) the Aggregate Loss Determination Amount on that day minus the Portfolio Threshold Amount, subject to a minimum of zero.

• The aggregate of all Cancelled Amounts shall not exceed the Senior Tranche Notional Amount during the Replenishment Period.

• 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.

• 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.

• Outstanding Tranche Notional Amount:On any day, and subject to a minimum of zero, an amount equal to: (a) the Initial Tranche Notional Amount; less (b) the sum of (i) the Aggregate Loss Determination Amount on that day less the Portfolio Threshold Amount, subject to a minimum of zero and (ii) the Aggregate Recovery Amount on such day less the Recovery Threshold (subject to a minimum of zero).

• We may at any time pay You in connection with any claim or series of claims the sum insured (after deduction of any sums already paid as compensation) or any lesser amount for which such claim(s) can be settled.

• Tranche Notes shall be redeemed by payment in respect of each Note of an amount equal to the excess, if any, of the Tranche Notional Amount per Note above the Aggregate Loss Amount per Note.

• Interest Cap Amount: With respect to an Interest Shortfall Period End Date, an amount equal to the product of (i) the Outstanding Tranche Notional Amount as of such Interest Shortfall Period End Date, (ii) the Fixed Rate and (iii) a fraction the numerator of which is the actual number of days in the Interest Shortfall Calculation Period ending on such Interest Shortfall Period End Date and the denominator of which is 360.

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.