Amortisation Amount definition

Amortisation Amount means in respect of each principal payment that is received by the Issuer in respect of the Charged Assets:

Amortisation Amount. ’ means, in respect of any Payment Date during the Amortisation Period, an amount equal to the Swap Notional Amount on such date (prior to any amortisation on such date) minus the Reference Portfolio Notional Amount on such date, subject to a minimum of zero.

Amortisation Amount means (i) on a Payment Date falling during the Revolving Period and if and to the extent the amounts standing to the credit of the Accumulation Account do not exceed 10% of the Aggregate Discounted Receivables Balance on two consecutive Payment Dates, zero or (ii) on any Payment Date during the Revolving Period if and to the extent the amounts standing to the credit of the Accumulation Account exceed 10% of the Aggregate Discounted Receivables Balance after two consecutive Payment Dates and on any Payment Date falling after the end of the Revolving Period, the Principal Payment Amount.

Examples of Amortisation Amount in a sentence

• Order of Priority On each Payment Date, to the extent of the respective Available Distribution Amount in accordance with the Order of Priority of distributions set forth below, the Issuer will pay to the holders of any Series of Class A Notes which are an Amortising Series of Class A Notes an aggregate amount in respect of principal equal to the Class A Amortisation Amount.

• The respective Amortisation Amount is the amount necessary to reduce the outstanding principal amount of the respective Series of Notes to the Class A Targeted Note Balance and the Class B Targeted Note Balance.

• The respective Amortisation Amount is intended to reduce the aggregate outstanding principal amounts of the Amortising Series of Notes to amounts which would leave an amount of overcollateralisation constant as a percentage of the Aggregate Discounted Receivables Balance, subject to certain specified increases in those percentages in case a Credit Enhancement Increase Condition is in effect.

• Amortisation Amounts On each Payment Date, to the extent the Available Distribution Amount is sufficient and in accordance with the Order of Priority set forth below, the Issuer will pay to the holders of the Amortising Series of Notes an aggregate amount in respect of principal equal to the Amortisation Amount of the respective Notes.

• If so, the Redemption Amount will be paid in instalments equal to the Amortisation Amount on one or several Amortisation Dates, as further set out in the Final Terms.

More Definitions of Amortisation Amount

Amortisation Amount has the meaning given to it in Clause 6A;

Amortisation Amount means the Early Redemption Amount per Specified Denomination calculated in relation to Zero Coupon Notes that are Notes in the Standard Format, Notes in the Eligible Liabilities Format or Notes in the Tier 2 Instruments Format pursuant to the following formula:NA =(1 + D )100DCFwhere:A means the Amortisation Amount per Specified Denomination;N means the amount of the Specified Denomination;D means the numerator of the discount rate per annum indicated in the Final Terms (Part I, Clause 5: Redemption);DCF means the Day Count Fraction which would be applicable in accordance with Clause 4.7 if Interest were to be calculated for the period from, and including, the Early Redemption Date to, but excluding, the Specified Redemption Date.

Amortisation Amount means each of the Class A Amortisation Amount and the Class B Amortisation Amount.

Amortisation Amount means, on any Quarterly Calculation Date, the positive difference, if any, between (a) the Principal Amount Outstanding in respect of the Notes (other than the Subordinated Class C Notes) and (b) the aggregate Outstanding Principal Amount of the Mortgage Receivables on the last day of the immediately preceding Monthly Calculation Period.

Amortisation Amount has the meaning ascribed to it in the Repurchase Agreement;

Amortisation Amount means, in respect of any Calculation Date, an amount equal to:

Amortisation Amount. ’ means (i) for any Scheduled Payment Date, the Scheduled Amortisation Amount (if any) due on such date, and (ii) for any Early Amortisation Payment Date, the Early Amortisation Amount due on such date.