Maximum Notional Amount definition
Maximum Notional Amount. As of any Determination Date and Class of Exchangeable Certificates that are Interest Only Certificates, the portion of the Maximum Initial Notional Amount that would be outstanding assuming all the Certificates of each Related Exchangeable REMIC Class have been exchanged.
Maximum Notional Amount. With respect to the Class X-S Certificates and solely for purposes of the face thereof, $275,000,000.
Maximum Notional Amount. (i) On or prior to the “Initial Partial Acceleration Purchase Date” (as defined in the Liquidity Agreement), USD 300,000,000, and (ii) at any time after the Initial Partial Acceleration Purchase Date, USD 160,000,000.”
Examples of Maximum Notional Amount in a sentence
For this purpose, (i) the Minimum Portfolio Notional Amount shall be 70% of the Maximum Notional Amount and (ii) the “Discount Rate” means the zero coupon swap rate (as determined by the Calculation Agent) implied by the fixed rate offered to be paid by Citibank under a fixed for floating interest rate swap transaction with a remaining Term equal to the period from such final Termination Trade Date to the Scheduled Termination Date in exchange for the receipt of payments indexed to USD-LIBOR-BBA.
Initial Fee: An amount in EUR equal to 0.25% of the Initial Maximum Notional Amount.
More Definitions of Maximum Notional Amount
Maximum Notional Amount. USD 105,000,000 Equity Value: With respect to any Business Day other than a final Quarterly Valuation Date, the product of (a) Unit NAV and (b) the Number of Shares. On a final Quarterly Valuation Date, the Equity Value shall be the higher of (i) the highest bid price received by the Calculation Agent after soliciting bids from (A) at least three nationally recognized broker / dealers and, (B) at the Counterparty's option, the Counterparty or (ii) the Redemption Amount (as defined below). For this purpose, if Shares submitted by CIBC for redemption are not redeemed by the Fund, the Calculation Agent shall determine the Unit NAV.
Maximum Notional Amount means, with respect to an Eligible Index, an amount equal to the product of (a) the corresponding Leverage (as specified in Annex 1 in respect of the applicable Index) (b)(x) the Outstanding Principal Amount of the Notes, divided by (y) the applicable FX Conversion Rate.
Maximum Notional Amount. USD 300,000,000.”
Maximum Notional Amount means, in respect of a Swaption to which Multiple Exercise is applicable, the amount, if any, specified
Maximum Notional Amount means in respect of a day, an amount in USD calculated by the Calculation Agent equal to the product of (i) the Note Notional Amount and (ii) ten.
Maximum Notional Amount. With respect to the Class X-S Certificates and solely for purposes of the face thereof, $525,249,999.55. MERS: Mortgage Electronic Registration Systems, Inc., a corporation organized and existing under the laws of the State of Delaware, or any successor thereto.
Maximum Notional Amount means the lesser of (a) the Notional Limit and (b) the product of the Aggregate Collateral Value and the Maximum Risk Ratio.