Mandatory Cash Redemption Amount definition
Mandatory Cash Redemption Amount means, in relation to any Notes falling due for redemption, the greater of (i) the proceeds of redemption or sale of the Assets and the Credit Support Assets realised in accordance with the Programme Deed and the Disposal Method set out in Additional Condition 7(e) and the cash value (to the extent such Assets or Credit Support Assets are cash) less all Expenses incurred by the Issuer, the Trustee and any Secured Agent in connection with such redemption or sale and the mandatory redemption of the Notes plus (if it is payable to the Issuer) or minus (if it is payable by the Issuer) the absolute value of any Aggregate STP and (ii) zero, divided by the number of the Notes falling due for redemption.
Mandatory Cash Redemption Amount means, in relation to any Notes falling due for redemption, the greater of (i) the proceeds of redemption or sale of the Assets and the Credit
Mandatory Cash Redemption Amount means the greater of (i) the proceeds of redemption or sale of any Affected Assets realised in accordance with the Programme Deed or the cash value (to the extent such Assets are cash) less all Expenses incurred by the Issuer in connection with such redemption or sale and the mandatory redemption of the Notes plus (if it is payable to the Issuer) or minus (if it is payable by the Issuer) the absolute value of any Aggregate STP and (ii) zero, divided by the number of the Notes falling due for redemption (in each case, if such amount is not denominated in the Relevant Currency, converted into the Relevant Currency at the spot rate on any day and at any time, as determined by the Calculation Agent in good faith and a commercially reasonable manner).