Examples of Tranche Write-down Amount in a sentence
Improved mesh quality typically requires increased number of smaller elements, with adjacent elements having similar sizes, aspect ratio of elements should be close to 1, mesh should have low non-orthogonality and low skewness.
Subject to Sections 4 and 6, on each Payment Date on which a Tranche Write-down Amount shall be allocated to any Class of Reference Tranche corresponding to a Class of Notes and which reduces the Class Principal Balance of such Corresponding Class of Notes, the Trust shall pay to Freddie Mac, by deposit into an account designated by Freddie Mac, the applicable Return Amount on such Payment Date.
On such Payment Date, Xxxxxxx Mac shall pay an amount equal to the outstanding Class Principal Balance, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date, of each Class of Original Notes (without regard to any exchanges of Exchangeable Notes for MAC Notes), plus accrued and unpaid interest.
If any RCR Notes are held by Holders, any Tranche Write-down Amount that is allocable to the related Exchangeable Notes will be allocated to decrease the Class Principal Balance or Class Notional Amount, as applicable, of the RCR Notes.
With respect to each Payment Date, the Class Notional Amount for the Class A-H Reference Tranche will be increased by the excess, if any, of the Tranche Write-down Amount for such Payment Date over the Credit Event Amount for such Payment Date.
On each Payment Date on or prior to the Termination Date, the Preliminary Principal Loss Amount, Preliminary Tranche Write-down Amount, Preliminary Tranche Write-up Amount and Preliminary Class Notional Amount will be computed prior to the allocation of the Modification Loss Amount.
On such Payment Date, Freddie Mac shall pay an amount equal to the outstanding Class Principal Balance, after allocation of the Tranche Write-down Amount or Tranche Write-up Amount, if any, for such Payment Date, of each Class of Original Notes (without regard to any exchanges of Exchangeable Notes for MAC Notes), plus accrued and unpaid interest.
Subject to Sections 4 and 6, on each Payment Date on which a Tranche Write-down Amount shall be allocated to any Class of Reference Tranche corresponding to a Class of Notes and which reduces the Class Principal Balance of such Corresponding Class of Notes, the Trust shall pay to Xxxxxxx Mac, by deposit into an account designated by Xxxxxxx Mac, the applicable Return Amount on such Payment Date.
For the avoidance of doubt, no Tranche Write-down Amount will be applied twice on the same Payment Date.
The Preliminary Tranche Write-down Amount for each Premium Payment Date will be computed prior to the allocation of the Modification Loss Amount and the Modification Gain Amount.