Examples of Aggregate Reduction Amount in a sentence
In addition, the Issuer will notify the Noteholders of each Tranche of Notes, or procure that the Noteholders of each Tranche of Notes are notified, of the level of the Threshold, the Outstanding Tranche Notional Amount, the Aggregate Reduction Amount and the balance of the Reserve Fund, in each case, in respect of such Tranche of Notes.
The Outstanding Nominal Amount of the N&C Securities, being the basis on which the interest amounts are calculated, will be reduced by the Aggregate Reduction Amount, for which purpose the credit loss in respect of the relevant Reference Entity will be deemed to be 100 per cent.
A substitution may result in a change to the Aggregate Reduction Amount under and as defined in the Portfolio CDS which may in turn result in Cash Settlement Amounts (all as defined in the Portfolio CDS) being paid to the Portfolio CDS Counterparty under the Portfolio CDS.
Staff finds these figures to be reasonable for a project of this nature.
The Issuer or Portfolio Manager on behalf of the Issuer may make substitutions in the Reference Portfolio and adjust the subordination of the Notes (by increasing the Threshold and Tranche Limit or by increasing the Aggregate Reduction Amount (all as defined in the Portfolio CDS)) in accordance with the investment objective and the conditions, limitations and restrictions set out in Annexes B and C of the Portfolio CDS.