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.
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
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.
We intend making our own inquiries in relation to those guidelines.
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.
In addition, to the extent that the mortgage loans that actually are included in the Reference Pool have characteristics that differ from those assumed in preparing the following Declining Balances Tables, the Class Principal Balance or Notional Principal Amount, as applicable, of a Class of Notes could be reduced to zero earlier or later than indicated by the applicable Declining Balances Table.
Notional Classes ClassOriginal Notional Principal Amount Reduces Proportionately With* MACR Class.
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 (as defined in sub-paragraph 24(B)) 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 (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 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 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 (ii) in the case of the determination of the Notional Principal Amount on the Scheduled Maturity Date, a Credit Event has or may have occurred in the opinion of the Calculation Agent, but no Cash Settlement Amount has been paid under the Default Swap as at such date (each such Reference Obligation an “Undetermined Reference Obligation”).
Notional Principal Amount means, in respect of any date, an amount calculated by the Calculation Agent equal to the aggregate of the Outstanding Principal Amounts in respect of the Notes less an amount in EUR equal to the aggregate of the Maximum Cash Settlement Amounts (as defined below), in respect of all the Reference Entities under the Reference Swap for which an Event Determination Date has occurred on or after the Issue Date but no Cash Settlement Amount has been paid (or delivery of Delivered Collateral in respect thereof has been made) under the DefaultSwap as of such date (each of such Reference Entities an "Undetermined Reference Entity").
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 in respect 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 (or no delivery of Delivered Collateral in respect thereof has been made) under the Default Swap as at such date (such a Reference Obligation an “Undetermined Reference Obligation”) and (ii) any amount by which the Notes have previously been redeemed or purchased. For the avoidance of doubt, this item (ii) shall not include any Amortisation Reduction taken into account in determining the Outstanding 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
Notional Principal Amount means, in respect of any date, an amount calculated by the Calculation Agent equal to the aggregate of the Outstanding Principal Amounts in respect of the Notes less an amount in EUR equal to the aggregate of the Maximum Cash Settlement Amounts (as defined below), in respect of all the Reference Obligations under the Reference Swap for which an Event Determination Date has occurred on or after 17 August 2007 but no Cash Settlement Amount has been paid (and no payment of a Collateral Payment in respect thereof has been made) under the Default Swap as of such date (each of such Reference Obligations an "Undetermined Reference Obligation").