Subordination Adjustment Amount definition

Subordination Adjustment Amount means, in relation to any Mezzanine Portfolio Credit Default Swap and any time, the sum of the First Reserve Account Balance and the Second Reserve Account Balance at such time. For the avoidance of doubt, the Second Reserve Account Balance used for the calculation of the Subordination Adjustment Amount shall not include any accrued interest thereon.
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Subordination Adjustment Amount means, in respect of all Replacements having the same Replacement Compliance Date, the amount determined by the Structured Credit Desk of Swap Counterparty in its sole discretion, based on its estimate of the amount by which the Adjusted Subordination Amount would need to increase (expressed as a positive amount) or decrease (expressed as a negative amount) so that its estimated value of the Transaction to the Structured Credit Desk of Swap Counterparty immediately after giving effect to such Replacements is equal to its estimated value of the Transaction to the Structured Credit Desk of Swap Counterparty immediately before giving effect to such Replacements. In making such determination the Structured Credit Desk of Swap Counterparty may consider such factors as it deems necessary or appropriate, including, in any event and without limitation, the following:
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Subordination Adjustment Amount means the amount of subordination which would be needed to compensate the Replacement Cost.
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Examples of Subordination Adjustment Amount in a sentence

  • Trading Gain means in respect of any Replacements having the same Replacement Compliance Date and concerning a Series of Notes, the positive mark-to-market for Buyer resulting from such Replacements, as determined by Buyer by reference to the Bid Spreads, Offer Spreads and the Deltas in relation to such Replacements, without, for such purpose, taking into account any Reserve Account Adjustment Amount or Subordination Adjustment Amount in respect of the relevant Replacement.

  • Immediately following a Replacement, Buyer shall notify the Seller, the Portfolio Advisor and the Portfolio Administrator of the Subordination Adjustment Amount or the Reserve Account Adjustment Amount, as the case may be, in respect of each relevant Series of Notes.

  • In this Agreement the following terms will have the following meanings: Adjustment means, in respect of each Trade the subject of a valid Firm Trade Request, the relevant TRL Adjustment, Tranche Restoration Adjustment and Subordination Adjustment Amount, each as determined by the Counterparty in its sole discretion (acting in a commercially reasonable manner) and specified in the related Notice of Firm Trade Information.

  • Total Loss Amount means, in respect of each Series of Notes, the sum of the Aggregate Loss Determination Amount in respect of such Series and the Aggregate Subordination Adjustment Amount in respect of such Series.

  • The then current Subordination Amount will be the old Subordination Amount in existence immediately prior to such Replacement plus or minus, as the case may be, the Subordination Adjustment Amount.

  • Trading Loss means in respect of any Replacements having the same Replacement Compliance Date and concerning a Series of Notes, a negative mark-to-market for Buyer resulting from such Replacements, as determined by Buyer by reference to the Bid Spreads, Offer Spreads and the Deltas in relation to such Replacements, without, for such purpose, taking into account any Reserve Account Adjustment Amount or Subordination Adjustment Amount in respect of the relevant Replacement.

  • Provisional Adjustment means, in respect of each Trade the subject of a valid Initial Trade Request, the relevant TRL Adjustment, Tranche Restoration Adjustment and Subordination Adjustment Amount, as determined by the Counterparty in its sole discretion (acting in acommercially reasonable manner) on the basis that the Initial Trade Request is effected and specified in the related Notice of Initial Trade Information.

  • Aggregate Subordination Adjustment Amount means, in respect of each Series of Notes, the aggregate of all Subordination Adjustment Amounts.

  • Success outcomes: This refers to successful experiences of an individual in overcoming adversity through actions.

  • Trading Loss means in respect of any Replacements having the same Replacement Compliance Date, the negative mark-to-market change for Buyer resulting from such Replacements, as determined by Buyer in its sole discretion by reference to the Bid Spreads, Offer Spreads and the Deltas in relation to such Replacements, without, for such purpose, taking into account any Reserve Account Adjustment Amount or Subordination Adjustment Amount in respect of the relevant Replacements.


More Definitions of Subordination Adjustment Amount

Subordination Adjustment Amount means, in respect of any Adjustment, the adjustment to the Cap and Threshold in respect of each Class of Notes, being in each case an amount (which may be positive or negative) equal to the Adjustment Amount divided by the Subordination Adjustment Sensitivity, as determined by the Credit Default Swap Counterparty in its discretion.
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Subordination Adjustment Amount means an amount (which may be a positive or a negative number) equal to (i) the Substitution Payment divided by (ii) the Subordination Sensitivity as determined by the Buyer in good faith and in a commercially reasonable manner.
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Subordination Adjustment Amount means, in respect of all Replacements having the same Replacement Compliance Date, the amount determined by the Structured Credit Desk of Buyer acting in good faith and in a commercially reasonable manner, based on its estimate of the amount by which the Adjusted Subordination Amount would need to increase (expressed as a positive amount) or decrease (expressed as a negative amount) so that its estimated value of the Transaction to the Structured Credit Desk of Buyer immediately after giving effect to such Replacements is equal to its estimated value of the Transaction to the Structured Credit Desk of Buyer immediately before giving effect to such Replacements. In making such determination the Structured Credit Desk of Buyer may consider such factors as it deems necessary or appropriate, including, in any event and without limitation, the following:
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Subordination Adjustment Amount means Adjustment Amount, divided by (ii) the relevant Subordination Sensitivity.
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Related to Subordination Adjustment Amount

  • Substitution Adjustment Amount As defined in Section 2.03.

  • Dilution Adjustment means any fraction or number by which the Exchange Rate shall be multiplied pursuant to Section 6.1(a), (b), (c) or (d).

  • Buy In Adjustment Amount shall have the meaning specified in Section 6.

  • Capitalization Adjustment means any change that is made in, or other events that occur with respect to, the Common Stock subject to the Plan or subject to any Purchase Right after the date the Plan is adopted by the Board without the receipt of consideration by the Company through merger, consolidation, reorganization, recapitalization, reincorporation, stock dividend, dividend in property other than cash, large nonrecurring cash dividend, stock split, liquidating dividend, combination of shares, exchange of shares, change in corporate structure or other similar equity restructuring transaction, as that term is used in Financial Accounting Standards Board Accounting Standards Codification Topic 718 (or any successor thereto). Notwithstanding the foregoing, the conversion of any convertible securities of the Company will not be treated as a Capitalization Adjustment.

  • Substitution Adjustment As defined in Section 2.03(d) hereof.

  • Inflation adjustment means that term as defined in the master settlement agreement.

  • Final Adjustment Amount shall have the meaning set forth in Section 2.5(e).

  • Estimated Adjustment Amount has the meaning set forth in Section 2.8(a).

  • Class B Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class B Invested Amount less the positive difference, if any, between the Principal Funding Account Balance and the Class A Invested Amount on such date.

  • Post-Closing Adjustment Amount has the meaning set forth in Section 2.04(c).

  • Net Adjustment Amount means an amount, which may be positive or negative, equal to the Closing Net Working Capital as finally determined pursuant to this Section 2.9 minus the Preliminary Net Working Capital as set forth on the Preliminary Closing Statement;

  • Closing Adjustment Amount shall have the meaning set forth in Section 3.2(c).

  • True-Up Adjustment means any Semi-Annual True-Up Adjustment or Interim True-Up Adjustment, as the case may be.

  • Clawback Amount means the “Clawback Amount” and the “Interim Clawback Amount,” both as defined in Article One of the BREP VII Partnership Agreement, and any other clawback amount payable to the limited partners of BREP VII or to BREP VII pursuant to any BREP VII Agreement, as applicable.

  • Purchase Price Adjustment Escrow Amount means $500,000.

  • Nominal Liquidation Amount Deficit means, for any tranche of notes, the Adjusted Outstanding Dollar Principal Amount minus the nominal liquidation amount of that tranche.

  • CPI Adjustment means the quotient of (i) the CPI for the month of January in the calendar year for which the CPI Adjustment is being determined, divided by (ii) the CPI for January of 2007.

  • Maximum Settlement Amount means $500,000,000 as amended or modified in accordance with Appendix E.

  • Tax Adjustment has the meaning set forth in Section 4.7.

  • Class A Adjusted Invested Amount means, with respect to any date of determination, an amount equal to the Class A Invested Amount less the Principal Funding Account Balance (but not in excess of the Class A Invested Amount) on such date.

  • Interest Adjustment Date With respect to a Mortgage Loan, the date, if any, specified in the related Mortgage Note on which the Mortgage Interest Rate is subject to adjustment.

  • Purchase Price Adjustment shall have the meaning specified in Section 3.02.

  • Adjustment Amount For any Distribution Date, the difference between (A) the sum of the Class A Principal Balance and the Class B Principal Balance as of the related Determination Date and (B) the sum of (i) the sum of the Class A Principal Balance and the Class B Principal Balance as of the Determination Date succeeding such Distribution Date and (ii) the aggregate amount that would have been distributed to all Classes as principal in accordance with Section 4.01(a) for such Distribution Date without regard to the provisos in the definitions of Class B-1 Optimal Principal Amount, Class B-2 Optimal Principal Amount, Class B-3 Optimal Principal Amount, Class B-4 Optimal Principal Amount, Class B-5 Optimal Principal Amount and Class B-6 Optimal Principal Amount.

  • Monthly Principal Reallocation Amount means, for any Monthly Period, an amount equal to the sum of:

  • Principal Deficit Amount means, as of any date of determination, the excess, if any, of (i) the Series 2012-1 Invested Amount on such date (after giving effect to the distribution of the Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (ii) the Series 2012-1 AESOP I Operating Lease Loan Agreement Borrowing Base on such date; provided, however that the Principal Deficit Amount on any date occurring during the period commencing on and including the date of the filing by any of the Lessees of a petition for relief under Chapter 11 of the Bankruptcy Code to but excluding the date on which each of the Lessees shall have resumed making all payments of the portion of Monthly Base Rent relating to Loan Interest required to be made under the AESOP I Operating Lease, shall mean the excess, if any, of (x) the Series 2012-1 Invested Amount on such date (after giving effect to the distribution of Monthly Total Principal Allocation for the Related Month if such date is a Distribution Date) over (y) the sum of (1) the Series 2012-1 AESOP I Operating Lease Loan Agreement Borrowing Base on such date and (2) the lesser of (a) the Series 2012-1 Liquidity Amount on such date and (b) the Series 2012-1 Required Liquidity Amount on such date.