Notional Principal Amount definition

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.

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Notional Principal Amount means, with respect to any Calculation Period, the notional amount set forth in the attached Schedule I.

Notional Principal Amount has the meaning specified in the Debt Agreement.

Examples of Notional Principal Amount in a sentence

The Book-Entry Certificates will be evidenced by one or more certificates, beneficial ownership of which will be held in the dollar denominations in Certificate Principal Amount or Notional Principal Amount, as applicable, or in the Percentage Interests, specified herein.
On each Payment Date, the Global Agent shall write up or write down the Class Principal Balance or Notional Principal Amount, as applicable, of each Class of Notes, as applicable, as determined pursuant to the Debt Agreement and agreed to by Issuer and the Global Agent.
The Book-Entry Certificates will be evidenced by one or more certificates, beneficial ownership of which will be held in the dollar denominations in Certificate Principal Amount, or Notional Principal Amount, as applicable, or in the Percentage Interests, specified herein.
The Class I Certificates shall be issued in one or more whole dollar denominations which in the aggregate do not exceed the Original Notional Principal Amount.
In addition, if an Event of Default occurs and the Insurer accelerates the Notes whether in full or in part (including, without limitation, as a result of the sale of any Receivable), the Insurer will from and after such acceleration guarantee pursuant to the Policy the continued payment of Class I Monthly Interest to the Class I Noteholders based on the Planned Notional Principal Amount Schedule for all remaining Payment Dates included in the Planned Notional Principal Amount Schedule.

More Definitions of Notional Principal Amount

Notional Principal Amount means, in respect of any date, an amount calculated by the Calculation Agent equal to the sum of the Outstanding Principal Amounts of the Notes less (i) an amount in USD equal to the aggregate of the Maximum Cash Settlement Amounts (as defined below) in respect of all the Reference Obligations for which an Event Determination Date has occurred but no Cash Settlement Amount has been paid under the Default Swap as at such date (each such Reference Obligation an “Undetermined Reference Obligation”) and

Notional Principal Amount or "PAC Component" means, for the purpose of calculating the Class I Monthly Interest at any time, the Original Notional Principal Amount minus all allocations of Monthly Principal to the PAC Component made up to such time pursuant to Section 9.10 of this Agreement.

Notional Principal Amount means, in respect of any date, an amount calculated by the Calculation Agent equal to the sum of the Outstanding Principal Amounts of the Notes (as defined in sub-paragraph 24(B)) less (i) an amount in EUR equal to the aggregate of the Maximum Cash Settlement Amounts (as defined below) in respect of all the Reference Obligations for which an Event Determination Date has occurred but no Cash Settlement Amount has been paid under the Default Swap as at such date (each such Reference Obligation an “Undetermined Reference Obligation”) and (ii) any amount, other than any Amortisation Reduction (as defined in sub-paragraph 25(D) below), by which the Notes have previously been redeemed or purchased.

Notional Principal Amount means, in respect of any date, an amount calculated by the Calculation Agent equal to the sum of the Outstanding Principal Amounts of the Notes less

Notional Principal Amount means, in respect of any date, an amount calculated by the Calculation Agent equal to the sum of the Outstanding Principal Amounts of the Notes less an amount in USD equal to the aggregate of the Maximum Cash Settlement Amounts (as defined below) in respect of all the Reference Obligations for which (i) an Event Determination Date has occurred or

Notional Principal Amount means, with respect to a Calculation Period, an amount equal to the least of (a) the aggregate Unit Balance of all New Fixed Rate Leases as of the last day of the Monthly Period immediately preceding the first day of such Calculation Period, (b) the sum of the Series 2005-1 Maximum Invested Amount and the aggregate stated liquidation preference of the Series 2▇▇▇-▇ ▇▇▇▇▇▇▇▇▇ Membership Interests on the first day of such Calculation Period and (c) $ .

Notional Principal Amount means, in relation to any Notes and in respect of any date, an amount calculated by the Calculation Agent equal to the aggregate of the Outstanding Principal Amounts in respect of such Notes less an amount in SGD equal to a proportion (the "Retained Proportion") of the aggregate of the Maximum Cash Settlement Amounts (as defined below) equal to the proportion which the aggregate of the Outstanding Principal Amounts in respect of such Notes bears to the aggregate of the Outstanding Principal Amounts of all the Notes, in respect of all the Reference Entities under the Reference Swap for which an Event Determination Date has occurred but no Cash Settlement Amount has been paid (or delivery of Delivered Collateral in respect thereof has been made) under the Default Swap as of such date (each of such Reference Entities an "Undetermined Reference