Bond Factor definition

Bond Factor means the remaining of the capital outstanding over the interest period in relation to the original amount issued. The fraction made up by the Bond factor is expressed in a number with twelve (12) decimal places, starting at “1” and ending at “0” at maturity;
View Source
Bond Factor. With respect to any Class of Bonds, as of any date of determination, a fraction, expressed as a decimal carried to six places, the numerator of which is the then aggregate Principal Amount of such Class, and the denominator of which is the initial aggregate Principal Amount of such Class.
View Source
Bond Factor. The percentage of the original principal amount of each bond outstanding set forth in the most recent securities remittance certificate with respect to such bond as the “Bond Factor.”
View Source

Examples of Bond Factor in a sentence

  • Following notification of the amount to be redeemed for each Quarterly Payment Date, the Manager will determine the Bond Factor for the Class A-1 Notes as of such Quarterly Payment Date and will notify the Issuer, the Calculation Agent, the Principal Paying Agent and the Note Trustee of this amount and shall cause the Bond Factor to be published pursuant to Condition 12.

  • Following notification of the amount to be redeemed for each Quarterly Payment Date, the Manager will determine the Bond Factor for the Class A-2 Notes as of such Quarterly Payment Date and will notify the Issuer, the Calculation Agent, the Principal Paying Agent and the Note Trustee of this amount and shall cause the Bond Factor to be published pursuant to Condition 12.

  • The Trust Manager shall, on or promptly after each Notice Date, notify all Registered Noteholders, the Principal Paying Agent and the Note Trustee of the relevant Class A Bond Factor, the Class B Bond Factor, the RFS Class A Bond Factor and each RFS Bond Factor calculated on the Determination Date preceding that Notice Date.


More Definitions of Bond Factor

Bond Factor with respect to a Class of Notes is the Initial Invested Amount of such Class less all principal payments on such Class divided by the Initial Invested Amount of such Class);
View Source
Bond Factor means a Class A Bond Factor or the Class B Bond Factor
View Source
Bond Factor means a Class A Bond Factor, a Class B Bond Factor or a Class C Bond Factor.
View Source
Bond Factor means, in respect of a Class of Notes, the number calculated by dividing the aggregate principal amount outstanding of such Class of Notes as at the Launch Date by the principal amount outstanding of such Class of Notes as at the issue date of such Class of Notes, expressed as a decimal to eight decimal places, as set out for each Class of Notes in the table on the front page of this Tender Offer Memorandum;
View Source
Bond Factor. = the quotient of (i) the Aggregate Principal Amount of Exchanged Notes set forth above for such Exchanging Investor, divided by (ii) $1,000
View Source