Outstanding Notional definition

Outstanding Notional. Amount shall mean as of any date of determination with respect to any Class [A-IO] Custody Receipt, the Initial Notional Amount thereof less any reductions of the notional amount thereof prior to such date of determination.
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Outstanding Notional. Amount shall mean as of any date of determination with respect to the Class A-X Notes, the sum of the Aggregate Outstanding Principal Amount of the Notes and the Issuer Balance.
Sample 1

Examples of Outstanding Notional in a sentence

  • Outstanding Notional Amount "Outstanding Notional Amount" means, with respect to the Reference Portfolio on any day, the sum of the Reference Obligation Notional Amount of each Reference Obligation included in the Reference Portfolio at the close of business on that day.

  • The amount of interest (the Interest Amount) payable on each Note and on each Interest Payment Date will be the product of the Outstanding Notional Amount which is effective on the relevant Interest Payment Date of such Note and the Rate of Interest, multiplied by the Day Count Fraction and rounding the resulting figure, if necessary, to the nearest cent (half a cent being rounded upwards).

  • Since the firm needs to pay the 3m/6m tenor spread on top of the 3m-Libor, the loss of the firm from the mis-pricing of the funding legs can be estimated asLoss ≃ Outstanding Notional × PVO1(Average Duration) × ( 3m/6m tenor spread ) ,where the PV01 denotes the annuity of the corresponding swap, which is the sum of the discount factors times daycount fractions.

  • MLI shall pay to Counterparty an amount in cash equal to the Outstanding Notional Payment Amount ("MLI Settlement -------------- Obligation").

  • The Redemption Amount payable in respect of each Security at maturity is equal to its pro rata share of (i) the Outstanding Notional Amount under the Default Swap Hedging Agreement as of the Maturity Date and (ii) the Aggregate Credit Event Recovery Amount (as described below) as of the Maturity Date, and interest accrues on each Security in respect of each Interest Period on an amount equal to its pro rata share of the Outstanding Notional Amount as of the last day of the relevant Interest Period.

  • Any interest on Notes of a Deferrable Class that is not available to be paid on a Payment Date in accordance with the Priority of Payments shall become “Deferred Interest” and shall be added to the Aggregate Outstanding Amount (or, in the case of the Class C-X Notes, the Aggregate Outstanding Notional Balance) of such Class.

  • As of the Issue Date, the Outstanding Notional Amount is equal to the Aggregate Nominal Amount of the Securities and thereafter will be reduced, by the Reference Entity Notional Amount in respect of the relevant Reference Entity (being the amount of the exposure to that Reference Entity, which as of the Issue Date is equal to 5 per cent.

  • Outstanding Notional Exposures, Trading Liquidity, and Adequate Pricing DataSection 2(h)(2)(D)(ii)(I) of the CEA requires the Commission to take into account the existence of outstanding notional exposures, trading liquidity, and adequate pricing data.

  • Outstanding Notional Exposures, Trading Liquidity, and Adequate Pricing DataSection 2(h)(2)(D)(ii)(I) of the CEA requires the Commission to take into account the existence of outstanding notional exposures, trading liquidity, and adequate pricing data.The most recent BIS study 70 foundthat, as of December 2011, the size of the overall CDS marketplace exceeded$28.6 trillion in notional amount outstanding.

  • Investors should note that a Credit Event may occur on more than one occasion, that the Outstanding Notional Amount may therefore be reduced more than once and more than one Cash Settlement Amount may be payable under the Default Swap Hedging Agreement.

Related to Outstanding Notional

  • Outstanding Notes shall have the meaning set forth in Section 7.9(ii).

  • Outstanding Credits means, on any date of determination, the sum of (i) the aggregate principal amount of all Loans outstanding on such date plus (ii) the LC Outstandings on such date. The Outstanding Credits with respect to any Lender at any time shall be its Commitment Percentage of the total Outstanding Credits at such time.

  • Outstanding Voting Securities of any Person means the outstanding securities of such Person entitling the holders thereof to vote generally in the election of directors of such Person.

  • Outstanding Dollar Principal Amount has the meaning specified in the Indenture.

  • Outstanding Shares means those Shares recorded from time to time in the books of the Trust or its transfer agent as then issued and outstanding, but shall not include Shares which have been redeemed or repurchased by the Trust and which are at the time held in the treasury of the Trust.

  • majority of the outstanding voting securities shall have the meaning set forth for such terms in the 1940 Act.

  • Outstanding Securities with respect to any Income PRIDES or Growth PRIDES, means, as of the date of determination, all Income PRIDES or Growth PRIDES evidenced by Certificates theretofore authenticated, executed and delivered under this Agreement, except:

  • Outstanding Principal Amount means, in respect of a Covered Bond, its principal amount less, in respect of any Instalment Covered Bond, any principal amount on which interest shall have ceased to accrue in accordance with Condition 5.06 or otherwise as indicated in the Final Terms.

  • Outstanding Certificate Any Outstanding Exchangeable Certificate and Outstanding Exchangeable REMIC Certificate.

  • Outstanding Units means, as of the date of determination, all Normal Units or Stripped Units evidenced by Certificates theretofore authenticated, executed and delivered under this Agreement, except:

  • Principal Amount Outstanding means, in respect of a Covered Bond on any day the principal amount of that Covered Bond on the relevant Issue Date thereof less principal amounts received by the relevant Covered Bondholder in respect thereof on or prior to that day.

  • Outstanding Loan Balance means the principal amount of your full-time Direct Loans outstanding at any time, including any Canada Student Grant amount(s) converted to a Direct Loan, together with all interest on those amounts.

  • Unencumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Outstanding Mortgage Loan As of any Due Date, a Mortgage Loan with a Stated Principal Balance greater than zero which was not the subject of a Principal Prepayment in Full prior to such Due Date and which did not become a Liquidated Mortgage Loan prior to such Due Date.

  • Required Subordinated Amount of Class D Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • 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.

  • Required Subordinated Amount of Class B Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Required Subordinated Amount of Class C Notes means, for the Class A( - ) Notes for any date of determination, an amount equal to the product of

  • Non-PO Formula Principal Amount As to any Distribution Date, the sum of (i) the sum of the applicable Non-PO Percentage of (a) all monthly payments of principal due on each Mortgage Loan on the related Due Date, (b) the principal portion of the purchase price of each Mortgage Loan that was repurchased by the Seller pursuant to this Agreement as of such Distribution Date, excluding any Mortgage Loan that was repurchased due to a modification of the Mortgage Rate, (c) the Substitution Adjustment Amount in connection with any Deleted Mortgage Loan received with respect to such Distribution Date, (d) any Insurance Proceeds or Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds allocable to principal received with respect to such Mortgage Loan, and (f) all partial and full Principal Prepayments received during the related Prepayment Period and (ii) (A) any Subsequent Recoveries received during the calendar month preceding the month of such Distribution Date, or (B) with respect to Subsequent Recoveries attributable to a Discount Mortgage Loan that incurred (1) an Excess Loss or (2) a Realized Loss after the Senior Credit Support Depletion Date, the Non-PO Percentage of any Subsequent Recoveries received during the calendar month preceding the month of such Distribution Date.

  • Non-PO Principal Amount As to any Distribution Date and Loan Group, the sum of (i) the sum of the applicable Non-PO Percentage of (a) the principal portion of each Monthly Payment due on each Mortgage Loan in such Loan Group on the related Due Date, (b) the Stated Principal Balance, as of the date of repurchase, of each Mortgage Loan in such Loan Group that was repurchased by the Depositor pursuant to this Agreement as of such Distribution Date, (c) any Substitution Adjustment Amount in connection with a Defective Mortgage Loan in such Loan Group received with respect to such Distribution Date, (d) any Liquidation Proceeds allocable to recoveries of principal of Mortgage Loans in such Loan Group that are not yet Liquidated Mortgage Loans received during the calendar month preceding the month of such Distribution Date, (e) with respect to each Mortgage Loan in such Loan Group that became a Liquidated Mortgage Loan during the calendar month preceding the month of such Distribution Date, the amount of Liquidation Proceeds (excluding Excess Proceeds) allocable to principal received with respect to such Mortgage Loan during the calendar month preceding the month of such Distribution Date and (f) all Principal Prepayments on the Mortgage Loans in such Loan Group received during the calendar month preceding the month of such Distribution Date; and (ii) the Non-PO Recovery for such Distribution Date.

  • Encumbered Required Subordinated Amount of Class D Notes means, for the Class C( - ) Notes, an amount equal to the product of

  • Outstandings means, collectively, at any date, the Letter of Credit Outstandings, Swing Line Outstandings and Revolving Credit Outstandings on such date.

  • Outstanding Common Stock means, at any given time, the aggregate amount of outstanding shares of Common Stock, assuming full exercise, conversion or exchange (as applicable) of all options, warrants and other Securities which are convertible into or exercisable or exchangeable for, and any right to subscribe for, shares of Common Stock that are outstanding at such time.

  • Aggregate Outstanding Principal Amount means the sum of the Outstanding Principal Amounts with respect to all Series of Notes.

  • Outstanding Credit Exposure means, as to any Bank at any time, the sum of (i) the aggregate principal amount of its Loans outstanding at such time, plus (ii) an amount equal to its Pro Rata Share of the LC Obligations at such time.