Nominal Principal Amount definition
Nominal Principal Amount means on any day on which there are one or more Undetermined Reference Entities, the Outstanding Principal Amount that would have been outstanding on such day if (i) a Loss Amount had been determined in respect of each Undetermined Reference Entity that is a Long Reference Entity on its Event Determination Date on the basis that its Final Price were zero, and a Loss Amount had been determined in respect of each Undetermined Reference Entity that is a Short Reference Entity on its Event Determination Date on the basis that its Final Price were 100 per cent and (ii) Long Cash Settlement Amount Reductions and Short Cash Settlement Amount Increases were made on the relevant Cash Settlement Dates to reflect such Loss Amounts.
Nominal Principal Amount means, as of any date, an amount equal to (x) the Desired Loan Amount applicable to such Operating Borrower, plus (y) the sum of all of such Operating Borrower's Allocated Additional Loan Amounts (if any) as of such date.
Nominal Principal Amount shall have the meaning ascribed to such term in Section 4.24 hereof. "Note" shall mean that certain Mortgage Note, dated the date hereof, made by Borrower to Lender, in the original principal amount of $20,700,000.00, as the same may hereafter be amended, modified, extended or substituted from time to time. "Notices" shall have the meaning ascribed to such term in Section 6.6 hereof. "Obligated Party" shall have the meaning ascribed to such term in Section 5.2(i) hereof. "Obligations" shall mean Borrower's obligation to pay the principal, interest and any other sums payable to Lender in respect of the Loan hereunder and/or under the Note, the Mortgage or any of the other Loan Documents, and to perform and observe all of the terms, covenants and provisions of each of the Loan Documents. "Officer's Certificate" shall mean a certificate delivered to Lender and signed by the President or a Vice
Examples of Nominal Principal Amount in a sentence
On the DWAC Decrease Date, the transferor of the Certificates that are the subject of such exchange will initiate, or cause to be initiated, a DWAC with the Clearing Agency in order to decrease the Pre-DWAC Nominal Principal Amount of the Book-Entry Certificates by the DWAC Decrease Amount.
An Operating Borrower's "Proportionate Share" shall mean, as of any date, a fraction, expressed as a percentage, the numerator of which is equal to such Operating Borrower's Outstanding Nominal Principal Amount as of such date and the denominator of which is equal to the sum of all of the Operating Borrowers' Outstanding Nominal Principal Amounts as of such date.