Applicable Notional Amount definition

Applicable Notional Amount means the Notional Funded Amount (determined immediately prior to the related Repayment Date or Termination Trade Date) for such Terminated Obligation or Repaid Obligation, as applicable. If such amount is positive, such amount is “Capital Appreciation” and if such amount is negative, the absolute value of such amount is “Capital Depreciation”.

Applicable Notional Amount. USD 999,721,397.67 (subject to adjustment in accordance with the Schedule set forth in Annex I) Notional Amount for each Calculation Period: The lesser of:

Applicable Notional Amount. As set forth on Schedule A attached hereto for each Calculation Period. Notional Amount for each Calculation Period: The lesser of: (i) The Applicable Notional Amount; and (ii) The Aggregate Current Principal Balance of the Reference Securities on the monthly statement from the Trustee for the distribution occurring on the first day the applicable Calculation Period; provided, however, that any reductions in the Notional Amount shall not give rise to a payment by either party of any settlement amount, breakage costs, or other amounts representing the future value of the portion of the Notional Amount which has been reduced. Aggregate Current Principal Balance shall mean the sum of the amounts published on the Long Beach Mortgage Loan Trust 2005-2 Certificate Payment Report on the internet website xxxxx://xxx.xxx/xx/xxx/xxxx under the column heading Current Principal Balance next to the Class heading II-A1, II-A2 and II-A3. If such report does not appear on the internet website referenced above the Current Principal Balance can be obtained by contacting the trustee at its corporate trust office located at 0000 Xxxx Xx. Xxxxxx Xxxxx, Santa Ana, California 92705, Attention: Trust Administration LB 0502, or by contacting the trustee's investor relations desk at 0-000-000-0000, provided however if the Current Principal Balance is still not available from the above sources on the fifth Business Day following the first day of the Calculation Period the Notional Amount will be: The lesser of: (i) The Applicable Notional Amount; and (ii) The Aggregate Current Principal Balance of the Reference Securities applicable to the previous Calculation Period. Reference Securities: Long Beach Mortgage Loan Trust 2005-2 Asset Backed Certificates, Class II-A1 (CUSIP: 542514 KN3) Long Beach Mortgage Loan Trust 2005-2 Asset Backed Certificates, Class II-A2 (CUSIP: 000000XX0) Long Beach Mortgage Loan Trust 2005-2 Asset Backed Certificates, Class II-A3 (CUSIP: 542514 KQ6) Trade Date: March 23, 2005 Effective Date: April 5, 2005 Termination Date: June 25, 2008, subject to adjustment in accordance with the Modified Following Business Day Convention.

Examples of Applicable Notional Amount in a sentence

• In addition, the Applicable Notional Amount of a Reference Obligation (other than a CDS Reference Obligation) may be higher than the aggregate amount of such Reference Obligation at such date.

• If such Reference Obligation is a Single Property CMBS, its Applicable Notional Amount is equal to or lower than GBP 15,000,000.

• Fixed Rate: 1.00% Fixed Rate Day Count Fraction: Actual/360 Fixed Amount: The amount calculated in accordance with Section 5.1(b) of the Credit Derivatives Definitions; provided, however, that upon the occurrence of an Event Determination Date with respect to any Reference Entity, the Fixed Amount payable with respect to such Reference Entity shall equal the Applicable Notional Amount for such Reference Entity multiplied by the Fixed Rate multiplied by the Fixed Rate Day Count Fraction.

• If a Reference Obligation which is included in the Reference Portfolio is the subject of an Addition or a Replenishment, it will have a separate Applicable Notional Amount attributable to that Addition or Replenishment.

• Fixed Rate: [ò] Fixed Rate Day Count Fraction: Actual/360 Fixed Amount: The amount calculated in accordance with Section 5.1(b) of the Credit Derivatives Definitions; provided, however, that upon the occurrence of an Event Determination Date with respect to any Reference Entity, the Fixed Amount payable with respect to such Reference Entity shall equal the Applicable Notional Amount for such Reference Entity multiplied by the Fixed Rate multiplied by the Fixed Rate Day Count Fraction.

More Definitions of Applicable Notional Amount

Applicable Notional Amount. With respect to any Reference Entity and as of any date of determination:

Applicable Notional Amount means, whether on a Rebalancing Date, Below Threshold Rebalancing Date, Above Threshold Rebalancing Date or in connection with a Terminated Obligation, the Notional Amount immediately prior to giving effect to such Rebalancing or Termination. If such amount is positive, such amount is “Capital Appreciation” and if such amount is negative, the absolute value of such amount is “Capital Depreciation”.

Applicable Notional Amount means the Notional Amount (determined immediately prior to such Total Return Payment Date) for such Terminated Obligation or Repaid Obligation, as applicable. If such amount is positive, such amount is "Capital Appreciation" and if such amount is negative, the absolute value of such amount is "Capital Depreciation".

Applicable Notional Amount. USD 885,760,201.22 (subject to adjustment in accordance with the Schedule set forth in Annex I)

Applicable Notional Amount means, with respect to any Terminated Obligation, the portion of the Outstanding Class A-R Funded Amount that is the subject of the relevant termination and allocable to such Terminated Obligation (determined immediately prior to the applicable Termination Trade Date). If such amount is positive, such amount is “Capital Appreciation” and if such amount is negative, the absolute value of such amount is “Capital Depreciation”.

Applicable Notional Amount means the Notional Funded Amount (determined immediately prior to the related Repayment Date or Termination Trade Date) for such Terminated Obligation or Repaid Obligation, as applicable.

Applicable Notional Amount. USD 0.00 (subject to adjustment in accordance with the Amortization Schedule set forth in Annex I)