Settlement Principal Amount definition
Settlement Principal Amount means the Initial Principal Amount of the Notes on the Issue Date, (i) plus (in case the Swap Settlement Amount is payable by the Swap Counterparty to the Issuer) or minus (in case the Swap Settlement Amount is payable by the Issuer to the Swap Counterparty) a nominal amount of Calculation Obligations whose Liquidation Proceeds determined on the Settlement Determination Date are equal to the absolute value of the Swap Settlement Amount determined on the Credit Event Determination Date, (ii) plus (in case the Market Value Difference (as defined below) is a negative amount) or minus (in case the Market Value Difference is a positive amount) a nominal amount of Calculation Obligations whose Liquidation Proceeds determined on the Settlement Determination Date are equal to the absolute value of the difference (the “Market Value Difference”) between the principal amount of the Underlying Securities on the Issue Date and the Liquidation Proceeds of the Underlying Securities determined on the Credit Event Determination Date.