Notional Bond Portfolio definition

Notional Bond Portfolio means, from time to time, the portfolio of Coupon Bonds in which the Note Program has made a notional investment;
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Notional Bond Portfolio will represent notional investments in Notional U.S. Treasury Strips or Notional Discount Bonds. The value of the Notional Bond Portfolio at any time will equal the product of (i) the number of bond units in the Notional Bond Portfolio at that time; and (ii) the value of one bond unit at that time. If the amount allocated to the 2004-1 Income 10 Buy-Write Index Portfolio is greater than zero, each bond unit will comprise one “Notional U.S. Treasury Strip” that: (i) is denominated in U.S. dollars; (ii) has a redemption amount equal to $1.00; (iii) does not pay interest; and (iv) matures on the fifth Index Business Day prior to the Stated Maturity Date. If the Notional Bond Portfolio comprises Notional U.S. Treasury Strips, the value of one bond unit will equal the value of one Notional U.S. Treasury Strip. The value of a Notional U.S. Treasury Strip will be determined by the calculation agent by discounting the notional redemption amount of the strip from the strip’s maturity date by the interpolated U.S. Treasury strip yield for the Notional U.S. Treasury Strips. The interpolated yield will be calculated by performing an interpolation between the yield for the U.S. Treasury strip with a shorter term nearest to the term of the Notional U.S. Treasury Strip and the yield for the U.S. Treasury strip with a longer term nearest to the term of the Notional U.S. Treasury Strip. As a result, the value of a bond unit will change as the value of the Notional U.S. Treasury Strips changes in response to changes in interest rates.
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Notional Bond Portfolio will represent notional investments in Notional U.S. Treasury Strips or Notional Discount Bonds. The value of the Notional Bond Portfolio at any time will equal the product of (i) the number of bond units in the Notional Bond Portfolio at that time; and (ii) the value of one bond unit at that time.
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Examples of Notional Bond Portfolio in a sentence

  • The notional coupons on the Notional Discount Bonds will be reinvested in the Notional Bond Portfolio through the notional purchase of additional bond units at the close of business on each Index Business Day.

  • In effecting any necessary reallocation, the Dynamic Portfolio Value, the DJX Index Portfolio Value, the Notional Bond Portfolio Value and the Bond Floor will be their values at the time the reallocation is effected.

  • Subtraction of the Dynamic Portfolio Adjustment Factor will be effected by reducing the number of units in each of the 2004-1 Income 10 Buy-Write Index Portfolio and the Notional Bond Portfolio by the number of 2004-1 Income 10 Buy-Write units and bond units, respectively, of each portfolio with an aggregate value as of the close of business on the previous day equal to each portfolio's pro rata portion of the Dynamic Portfolio Adjustment Factor.

  • The CPLP’s efforts were eventually overtaken by ECOWAS mediation.

  • It is important to make sure that this exercise be considered as a proficiency testing project and not drug quality control of the samples collected.

  • If the Notional Bond Portfolio comprises Notional Discount Bonds, the value of one bond unit will equal the value of one Notional Discount Bond.

  • The Dynamic Portfolio Value on any day that is not an Observation Date will equal the Dynamic Portfolio Value on the previous day minus the Dynamic Portfolio Adjustment Factor and the Notional Participation Facility Fee for that day, and the DJX Index Portfolio and the Notional Bond Portfolio shall be reduced on such day to reflect such deduction, as provided herein.

  • The Notional Participation Facility Fee will be calculated and subtracted from the DJX Index Portfolio and the Notional Bond Portfolio on a pro rata basis at the end of each day after effecting any reallocation(s) on that day, commencing on the first day after the Dynamic Portfolio Commencement Date.

  • Subtraction of the Dynamic Portfolio Adjustment Factor will be effected by reducing the number of DJX Index Portfolio Units and Bond Units with an aggregate value as of the close of business on the immediately preceding Observation Date equal to the pro rata portion of the Dynamic Portfolio Adjustment Factor relating to the DJX Index Portfolio or the Notional Bond Portfolio, as the case may be.

  • The Dynamic Portfolio Adjustment Factor will be calculated and subtracted from the DJX Index Portfolio and the Notional Bond Portfolio on a pro rata basis at the end of each day after effecting any reallocation(s) on that day, commencing on the first day after the Dynamic Portfolio Commencement Date.


More Definitions of Notional Bond Portfolio

Notional Bond Portfolio means, in respect of the Deposit Notes of a Series, from time to time, a portfolio of Coupon Bonds in which the Note Program for such Series has made a notional investment;
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Related to Notional Bond Portfolio

  • Series 2019 Bonds means, collectively, the Series 2019A Bonds and the Series 2019B Bonds.

  • Series 2017 Bonds means, collectively, the Series 2017A Bonds and the Series 2017B Bonds.

  • Adjustable Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Series 2020 Bonds means the Series 2020A Bonds and the Series 2020B Bonds.

  • Adjustable Rate Mortgage Loan A Mortgage Loan serviced pursuant to this Agreement under which the Mortgage Interest Rate is adjusted from time to time in accordance with the terms and provisions of the related Mortgage Note.

  • Series 2015 Bonds means, collectively, the Series 2015B Bonds, Series 2015C Bonds and Series 2015D Bonds.

  • Current Interest Bonds means Bonds of a Series the interest on which is payable at least annually.

  • Variable Rate Bonds means Current Interest Bonds, which may be either Serial Bonds or Term Bonds, issued with a variable, adjustable, convertible or other similar interest rate which is not fixed in percentage for the entire term thereof at the date of issue, which Bonds may also be Option Bonds. Section 102.Rules of Construction. Words of the masculine gender shall be deemed and construed to include correlative words of the feminine and neuter genders. Unless the context shall otherwise indicate, the words "Bond," "Escrow Agent," "Owner," "person," "Paying Agent," and "Bond Registrar" shall include the plural as well as the singular number and the word "person" shall mean any individual, corporation partnership, joint venture, association, joint stock company, trust, unincorporated organization or government or any agency or political subdivision thereof. All references to applicable provisions of Law shall be deemed to include any and all amendments thereto.

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

  • Note A-6 Securitization Date means the closing date of the Note A-6 Securitization.

  • Mortgage Interest Rate Cap With respect to an Adjustable Rate Mortgage Loan, the limit on each Mortgage Interest Rate adjustment as set forth in the related Mortgage Note.

  • Class B Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Note A-4 Securitization Date means the closing date of the Note A-4 Securitization.

  • Note A-5 Securitization Date means the closing date of the Note A-5 Securitization.

  • Fixed Rate Certificates As specified in the Preliminary Statement.

  • Notional Principal Amount For calculating interest payments, on each Class of outstanding Interest Only MAC Notes as of any Payment Date, an amount equal to the outstanding Class Principal Balance as of such Payment Date of the portion of the related Class of Class M Notes that was exchanged for such Interest Only MAC Note.

  • Group III Mortgage Loans and "Group IV Mortgage Loans," respectively), formed by Wells Fargo Asset Securities Corporation (hereinafter called the "Depxxxxxr," which term includes any successor entity under the Agreement referred to below). The Trust Estate was created pursuant to a Pooling and Servicing Agreement dated as of February 27, 2006 (the "Agreement") among the Depositor, Wells Fargo Bank, N.A., as master servicer (the "Master Servicer") anx X.X. Bank National Association, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereinafter. To the extent not defined herein, the capitalized terms used herein have the meanings ascribed to such terms in the Agreement. This Certificate is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. Pursuant to the terms of the Agreement, a distribution will be made on the 25th day of each month or, if such 25th day is not a Business Day, the Business Day immediately following (the "Distribution Date"), commencing on the first Distribution Date specified above, to the Person in whose name this Certificate is registered at the close of business on the Record Date, in an amount equal to the product of the Percentage Interest evidenced by this Certificate and the Group II-A Distribution Amount for the Class II-A-7 Certificates required to be distributed to Holders of the Class II-A-7 Certificates on such Distribution Date, subject to adjustment in certain events as specified in the Agreement. Distributions in reduction of the Principal Balance of certain Classes of Class A Certificates may not commence on the first Distribution Date specified above. Distributions of principal will be allocated among the Classes of Group II-A Certificates in accordance with the provisions of the Agreement. The pass-through rate on the Class II-A-7 Certificates applicable to each Distribution Date will be 5.500% per annum. The amount of interest which accrues on this Certificate in any month will be subject to reduction with respect to any Non-Supported Interest Shortfall, any Relief Act Shortfall and the interest portion of certain Realized Losses allocated to the Class II-A-7 Certificates, as described in the Agreement. Distributions on this Certificate will be made by the Paying Agent by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register, unless such Person is entitled to receive payments by wire transfer in immediately available funds in accordance with the Agreement and such Person has notified the Paying Agent pursuant to the Agreement that such payments are to be made by wire transfer of immediately available funds. Notwithstanding the above, the final distribution in reduction of the Principal Balance of this Certificate will be made after due notice of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency of the Paying Agent specified for that purpose in the notice of final distribution. Reference is hereby made to the further provisions of this Certificate set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. This Certificate constitutes a "regular interest" in a "real estate mortgage investment conduit" as those terms are defined in Section 860G(a)(1) and Section 860D, respectively, of the Internal Revenue Code of 1986, as amended. Unless this Certificate has been countersigned by an authorized officer of the Authenticating Agent, by manual signature, this Certificate shall not be entitled to any benefit under the Agreement or be valid for any purpose.

  • Class A Liquidity Facility has the meaning set forth in the Intercreditor Agreement.

  • Floating Rate Certificates The Class A Certificates and the Mezzanine Certificates.

  • Commercial Paper Notes means short-term promissory notes issued or to be issued by a Conduit Purchaser to fund its investments in accounts receivable or other financial assets.

  • Note A-3 Securitization Date means the closing date of the Note A-3 Securitization.

  • Simple Interest Mortgage Loan Those simple interest loans as noted on the Mortgage Loan Schedule under the data field designated “DSI.”

  • Fixed Rate Mortgage Loan A fixed rate mortgage loan purchased pursuant to this Agreement.

  • Class B-4 Optimal Principal Amount As to any Distribution Date, an amount equal to the sum of (I) the sum, as to each Outstanding Mortgage Loan, of the product of (x) the Non-PO Fraction with respect to such Mortgage Loan and (y) the sum of:

  • Subsequent Mortgage Loans means, for purposes of this Agreement, the Subsequent Mortgage Loans listed in the Subsequent Mortgage Loan Schedule attached hereto as Schedule I.

  • Fixed Rate Notes Together, the Class A-2 Notes, the Class A-3 Notes, the Class A-4 Notes, the Class B Notes, the Class C Notes, the Class D Notes and the Class E Notes.