Nominal Basis definition
Nominal Basis means that the additional assets required to be provided by the Issuer in respect of any Further Notes issued or to be issued pursuant to paragraph (1) hereof shall be of a nominal amount which bears the same proportion to the nominal amount of the Further Notes as the proportion which the nominal amount of such assets forming part of the Mortgaged Property for the Existing Notes bears to the nominal amount of the Existing Notes as at such date;
Nominal Basis means that the additional assets required to be provided by the Issuer in respect of any Further Notes issued or to be issued pursuant to paragraph (1) hereof
Nominal Basis means that the additional assets required to be provided by the Issuer in respect of
Examples of Nominal Basis in a sentence
Any cash standing to the credit of the Cash Deposit Account may be substituted in whole or in part (rounded down to the nearest whole denomination of relevant Eligible Investments) for an Eligible Investment within 45 days of the deposit of such cash into the Cash Deposit Account (the “Charged Asset Redemption Substitution Period”) and such substitution shall be made on the Nominal Basis.