Net Portfolio definition

Net Portfolio means, for the purposes of determining any Physical Redemption Amount, those Affected Assets (excluding any Affected Assets posted by the Issuer to the Swap Counterparty under the CSA) and the Credit Support Assets (if any) remaining following liquidation by the Disposal Agent of sufficient Affected Assets and/or Credit Support Assets (if any) to satisfy any Transaction Termination Amount payable by the Issuer.In connection with the foregoing, (a) if the Affected Assets comprise all the Initial Assets of the relevant Series of Notes, the relevant Swap Transaction(s) shall terminate in whole, any Credit Support Assets remaining after satisfaction of any Transaction Termination Amount payable by the Issuer shall form part of the Net Portfolio, and (b) if the Affected Assets do not comprise all the Initial Assets of the relevant Series of Notes, the relevant Swap Transaction(s) shall terminate in part only (in the same proportion that the Affected Assets bears to the Initial Assets), and any Credit Support Assets shall not form a part of the Net Portfolio.
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Net Portfolio means, for the purposes of determining any Physical Redemption Amount, those Affected Assets (excluding any Affected Assets posted by the Issuer to the Swap Counterparty under the CSA) and the Credit Support Assets (if any) remaining following liquidation by the Disposal Agent of sufficient Affected Assets and/or Credit Support Assets (if any) to satisfy any Transaction Termination Amount payable by the Issuer. In connection with the foregoing, (a) if the Affected Assets comprise all the Initial Assets of the relevant Series of Notes, the relevant Swap Transaction(s) shall terminate in whole, any Credit Support Assets remaining after satisfaction of any Transaction Termination Amount payable by the Issuer shall form part of the Net Portfolio, and (b) if the Affected Assets do not comprise all the Initial Assets of the relevant Series of Notes, the relevant Swap Transaction(s) shall terminate in part only (in the same proportion that the Affected Assets bears to the Initial Assets), and any Credit Support Assets shall not form a part of the Net Portfolio.
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Net Portfolio means, for the purposes of determining any Physical Redemption Amount, the Assets and the Credit Support Assets remaining following liquidation by the Disposal Agent of sufficient Affected Assets and/or Credit Support Assets to satisfy any Transaction Termination Amount payable by the Issuer.
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Examples of Net Portfolio in a sentence

  • The percentage by which the Net Portfolio Yield for the prior Monthly Period exceeds the Base Rate for such Monthly Period is .

  • Upon receiving a TTA Payment Receipt Notice, for the purposes of determining the Net Portfolio, the Calculation Agent will deem the Transaction Termination Amount to be nil.

  • Each Receivable included in the Net Portfolio Balance as an Eligible Receivable was an Eligible Receivable on the date of its purchase by Seller under the Receivables Sale Agreement.

  • Notwithstanding anything to the contrary in this Agreement, Seller shall ensure that the Net Portfolio Balance shall at no time be less than the sum of (i) the Aggregate Capital at such time, plus (ii) the Credit Enhancement at such time.

  • At no time prior to the Amortization Date shall Seller permit the Net Portfolio Balance to be less than an amount equal to the sum of (i) the Aggregate Capital plus (ii) the Credit Enhancement, in each case, at such time.

  • Item 33 has been revised to add the Yield from Excess Finance Charges to the Net Portfolio Yield.

  • The amount by which the Net Portfolio Yield for such Monthly Period exceeds the Base Rate for the related Investor Interest Period .

  • With respect to the “Average Net Portfolio Yield,” we agreed the amounts used to calculate “Excess Spread” to the amounts located elsewhere in the Monthly Servicer Reports.

  • We recalculated the arithmetic accuracy of the “3 Month Average Net Portfolio Yield” on each report.

  • Seller has determined that, immediately after giving effect to each Purchase hereunder (including the initial Purchase and the Deemed Exchange on the date hereof), the Net Portfolio Balance equals or exceeds the sum of (i) the Aggregate Capital, plus (ii) the Credit Enhancement, in each case, at such time.


More Definitions of Net Portfolio

Net Portfolio means, for the purposes of determining any Deliverable Amount, those Affected Assets remaining following liquidation by the Disposal Agent of sufficient Affected Assets to satisfy any Transaction Termination Amount payable by the Issuer.
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Net Portfolio means, for the purposes of determining any Physical Redemption Amount, those Affected Assets (excluding any Affected Assets posted by the Issuer to the Swap Counterparty under the CSA) and the Credit Support Assets (if any) remaining following liquidation by the Disposal Agent of sufficient Affected Assets and/or Credit Support Assets (if any) to satisfy any Transaction Termination Amount payable by the Issuer.
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Net Portfolio means, for the purposes of determining any Physical Redemption Amount, those Affected Assets remaining following liquidation by the Disposal Agent of sufficient Affected Assets to satisfy any Transaction Termination Amount payable by the Issuer.
Sample 1
Net Portfolio means, for the purposes of determining any Deliverable Amount, the Net Affected Assets.
Sample 1

Related to Net Portfolio

  • Current Portfolio At any time, the portfolio of Collateral Obligations and Cash and Eligible Investments representing Principal Proceeds (determined in accordance with Section 1.3 to the extent applicable), then held by the Issuer.

  • Investment Portfolio means invested assets (including cash and cash equivalents, short-term investments, bonds or other fixed income securities and equity investments).

  • Selling Portfolio has the meaning specified in Section 2.10;

  • Servicing Portfolio means, as to any Person, the unpaid principal balance of Mortgage Loans serviced by that Person under Servicing Contracts, minus the principal balance of all Mortgage Loans that are serviced by that Person for others under subservicing arrangements.

  • Proposed Portfolio The portfolio of Collateral Obligations and Eligible Investments resulting from the proposed purchase, sale, maturity or other disposition of a Collateral Obligation or a proposed reinvestment in an additional Collateral Obligation, as the case may be.

  • Reference Portfolio means, the notional portfolio made up of each Reference Asset, as described in this Information Statement under “Reference Portfolio”.

  • Reference Portfolio Return means on any day, the weighted average return of the Reference Assets calculated as the sum of the Weighted Reference Asset Return of each of the Reference Assets comprising the Reference Portfolio.

  • Purchasing Portfolio has the meaning specified in Section 2.10;

  • Portfolio means any account, trust or other investment vehicle (except "Fund") over which the Firm has investment management discretion.

  • Collateral Portfolio means all right, title, and interest (whether now owned or hereafter acquired or arising, and wherever located) of the Borrower in the property identified below in clauses (i) through (iv) and all accounts, cash and currency, chattel paper, tangible chattel paper, electronic chattel paper, copyrights, copyright licenses, equipment, fixtures, contract rights, general intangibles, instruments, certificates of deposit, certificated securities, uncertificated securities, financial assets, securities entitlements, commercial tort claims, deposit accounts, inventory, investment property, letter-of-credit rights, software, supporting obligations, accessions, or other property consisting of, arising out of, or related to any of the following (in each case excluding the Retained Interest and the Excluded Amounts):

  • FTR Portfolio Auction Value means for each customer account of a Market Participant, the sum, calculated on a monthly basis, across all FTRs, of the FTR price times the FTR volume in MW.

  • Portfolio Asset means an asset of an investment fund;

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Class P Mortgage Loan Any of the Class I-P, Class II-P or Class III-P Mortgage Loans.

  • Treasury Portfolio means, as applicable, the Remarketing Treasury Portfolio or the Special Event Treasury Portfolio.

  • Off-vehicle charging hybrid electric vehicle (OVC-HEV) means a hybrid electric vehicle that can be charged from an external source.

  • Gross Asset Value means, with respect to any asset, the asset’s adjusted basis for federal income tax purposes, except as follows:

  • Serviced Companion Loan Securities Any commercial mortgage-backed securities that evidence an interest in or are secured by the assets of an Other Securitization Trust, which assets include a Serviced Companion Loan (or a portion thereof or interest therein).

  • Not off-vehicle charging hybrid electric vehicle (NOVC-HEV) means a hybrid electric vehicle that cannot be charged from an external source.

  • Treasury Portfolio Purchase Price means the lowest aggregate price quoted by a primary U.S. government securities dealer in New York City (a "Primary Treasury Dealer") to the Quotation Agent on the third Business Day immediately preceding the Tax Event Redemption Date for the purchase of the Treasury Portfolio for settlement on the Tax Event Redemption Date.

  • Receivable Interest means, at any time, an undivided percentage ownership interest in (i) all then outstanding Pool Receivables arising prior to the time of the most recent computation or recomputation of such undivided percentage interest pursuant to Section 2.03, (ii) all Related Security with respect to such Pool Receivables, and (iii) all Collections with respect to, and other proceeds of, such Pool Receivables. Such undivided percentage interest shall be computed as

  • Initial Portfolio means the initial portfolio of Receivables, comprising Eligible Assets, purchased by the Guarantor from the Seller pursuant to the Master Loans Purchase Agreement.

  • Note A-1 Securitization means the first sale by the Note A-1 Holder of all or a portion of Note A-1 to a depositor who will in turn include such portion of Note A-1 as part of the securitization of one or more mortgage loans.

  • Class A Servicing Fee shall have the meaning specified in Section 3.01.

  • Portfolio Data means the Key Terms in relation to all outstanding Trades between you and us in a form and standard that is capable of being reconciled. The information comprising the Portfolio Data for Portfolio Data Delivery Date will be prepared as at the close of business New York time on the immediately preceding Business Day.

  • Portfolio Value means the aggregate amount of portfolio of investments including cash balance without netting off of leverage undertaken by the CDMDF.