Nominal Amount Reduction definition
Nominal Amount Reduction means, in relation to a Defaulted Reference Entity, the sum of (i) the Cash Settlement Amount, and (ii) the Credit Event Unwind Costs, relating to the applicable Writedown Date subject to a maximum amount equal to the Outstanding Principal Amount immediately prior to the applicable Writedown Date.
Nominal Amount Reduction means the amount determined by the Portfolio Selection Agent which is the greater of:
Nominal Amount Reduction means, in relation to each Note and a Defaulted Reference Entity, such Note’s pro rata share of the sum of (i) the Cash Settlement Amount, and (ii) the Credit Event Unwind Costs relating to the applicable Writedown Date, subject to a maximum amount equal to the Outstanding Principal Amount of such Note immediately prior to the applicable Writedown Date.
More Definitions of Nominal Amount Reduction
Nominal Amount Reduction means a Class A Nominal Amount Reduction or a Class B Nominal Amount Reduction, as the context may require.
Nominal Amount Reduction means a Credit Event Nominal Amount Reduction or a Portfolio Nominal Amount Reduction.