Trading Gains definition

Trading Gains. With respect to any Collateral Obligation which is repaid, prepaid, redeemed or sold, an amount equal to any excess of (a) the Principal Proceeds or the Sale Proceeds, as applicable, received in respect thereof over (b) an amount equal to the greater of (1) the principal balance thereof (where for such purpose “principal balance” shall be equal to the value assigned to such Collateral Obligation for purposes of determining the Collateral Principal Amount for purposes of the definition of EU/UK Retained Interest) and (2) the purchase price thereof (expressed as a percentage of par) multiplied by the principal balance (where for such purpose “principal balance” shall be equal to the value assigned to such Collateral Obligation for purposes of determining the Collateral Principal Amount for purposes of the definition of EU/UK Retained Interest), in each case net of (i) any expenses incurred in connection with any repayment, prepayment, redemption or sale thereof, and (ii) in the case of a sale of such Collateral Obligation, any interest accrued but not paid thereon which has not been capitalized as principal and included in the sale price thereof.
Sample 1Sample 2Sample 3
Trading Gains means in respect of any Portfolio Collateral which is repaid, prepaid, redeemed or sold, the excess (if any) of (a) the Principal Proceeds received in respect thereof over (b) the purchase price thereof paid by or on behalf of the Issuer for such Portfolio Collateral, in each case net of (i) any expenses incurred in connection with any repayment, prepayment, redemption or sale thereof, and (ii) in the case of a sale of such Portfolio Collateral, any interest accrued but not paid thereon.
Sample 1Sample 2Sample 3
Trading Gains. In respect of any Collateral Obligation which is repaid, prepaid, redeemed or sold, any excess of (a) the Principal Proceeds and Sale Proceeds received in respect thereof over (b) the greater of (1) the principal balance thereof (where for such purpose “principal balance” shall be determined as set out in the definition of Retention Basis Amount) and (2) an amount equal to the purchase price thereof (expressed as a percentage of par) multiplied by the principal balance (where for such purpose “principal balance” shall be determined as set out in the definition of Retention Basis Amount), in each case net of (i) any expenses incurred in connection with any repayment, prepayment, redemption or sale thereof, and (ii) in the case of a sale of such Collateral Obligation, any interest accrued but not paid thereon which has not been capitalized as principal and included in the sale price thereof.
Sample 1Sample 2

Examples of Trading Gains in a sentence

  • In particular, if, at any time, thedeposit of Trading Gains into the Principal Account would, as determined by the Collateral Manager, in consultation with the Retention Holder, cause a Retention Deficiency, such Trading Gains which would have been deposited into the Principal Account and designated for reinvestment or used to redeem the Notes in accordance with the Principal Priorities of Payment wil instead be deposited into the Interest Accounts.


More Definitions of Trading Gains

Trading Gains. In respect of any Collateral Obligation which is repaid, prepaid, redeemed or sold, any excess of (a) the Principal Proceeds or Sale Proceeds received in respect thereof over (b) the Principal Balance thereof (where for such purpose “Principal Balance” shall be determined as set out in the definition of “Retention Basis Amount”), in each case net of (i) any expenses incurred in connection with any repayment, prepayment, redemption or sale thereof, and (ii) in the case of a sale of such Collateral Obligation, any interest accrued but not paid thereon which has not been capitalized as principal and included in the sale price thereof.
Sample 1
Trading Gains means the net capital gains or ordinary income for federal income Tax purposes as a result of discretionary trading (including constructive sale transactions) by an Acquired Company in the secondary market (including privately negotiated transactions) with respect to stocks, derivatives, bonds, notes, debentures, mortgage loans, collateral loans and all other instruments of indebtedness or equity held by such Acquired Company in its general account; provided, that Trading Gains shall not include capital gains or ordinary income arising in respect of (a) any disposition of assets identified pursuant to Section 8.12 or Section 8.13, (b) any disposition of assets occurring in connection with a Seller’s Transaction, (c) any Approved Trades,
Sample 1
Trading Gains means the net capital gains or ordinary income for federal income Tax purposes as a result of discretionary trading (including constructive sale transactions) by an Acquired Company in the secondary market (including privately negotiated transactions) with respect to stocks, derivatives, bonds, notes, debentures, mortgage loans, collateral loans and all other instruments of indebtedness or equity held by such Acquired Company in its general account; provided, that Trading Gains shall not include capital gains or ordinary income arising in respect of (a) any disposition of assets identified pursuant to Section 8.12 or Section 8.13, (b) any disposition of assets occurring in connection with a Seller’s Transaction, (c) any Approved Trades, (d) any disposition in response to a tender or other pre-payments for any such stock, derivative, bond, note, debenture, mortgage loan, collateral loan or other instrument of indebtedness, (e) interests in any partnership or limited liability company treated as a partnership for federal income Tax purposes or any direct debt or equity co-investments related thereto (other than capital gains arising from the sale of such interests) and (f) derivatives held by such Acquired Company in its general account to hedge risks with respect to Separate Accounts, including the Gemini Hedge Agreements.
Sample 1
Trading Gains. In respect of any Collateral Obligation that is repaid, prepaid, redeemed or sold, any excess of (a) the Principal Proceeds received in respect thereof over (b) the greater of (1) the Principal Balance thereof (where for such purpose “Principal Balance” shall be determined as set out in the definition of Retention Basis Amount) and (2) an amount equal to the purchase price thereof (expressed as a percentage of par) multiplied by the Principal Balance (where for such purpose “Principal Balance” shall be determined as set out in the definition of Retention Basis Amount), in each case net of (i) any expenses incurred in connection with any repayment, prepayment, redemption or sale thereof, and (ii) in the case of a sale of such Collateral Obligation, any interest accrued but not paid thereon that has not been capitalized as principal and included in the sale price thereof.
Sample 1
Trading Gains. The amount (if positive) equal to the clean sale price minus the clean purchase price upon the sale of a Collateral Debt Obligation (each expressed as a percentage of par) multiplied by the notional amount of such Collateral Debt Obligation at the time of sale. For the avoidance of doubt, Trading Gains will be applied to offset any Trading Losses. For purposes of this definition, a “clean” price with respect to a Collateral Debt Obligation means a price that does not include any accrued and unpaid interest on such Collateral Debt Obligation.
Sample 1
Trading Gains means, with respect to any Loan Asset which is repaid, prepaid, redeemed or sold, an amount equal to any excess of (a) the Principal Collections or proceeds of any sales, as applicable, received in respect thereof over (b) an amount equal to the greater of (1) the Outstanding Balance thereof and (2) the purchase price thereof (expressed as a percentage of par) multiplied by the Outstanding Balance, in each case net of (i) any expenses incurred by the Borrower in connection with any repayment, prepayment, redemption or sale thereof, and (ii) in the case of a sale of such Loan Asset, any interest accrued but not paid thereon which has not been capitalized as principal and included in the sale price thereof.
Sample 1

Related to Trading Gains

  • Partner Nonrecourse Debt Minimum Gain has the meaning set forth in Treasury Regulation Section 1.704-2(i)(2).

  • Partnership Minimum Gain has the meaning set forth in Regulations Section 1.704-2(b)(2), and the amount of Partnership Minimum Gain, as well as any net increase or decrease in Partnership Minimum Gain, for a Partnership Year shall be determined in accordance with the rules of Regulations Section 1.704-2(d).

  • Adjusted Capital Account Balance means, with respect to each Partner, the balance in such Partner’s Capital Account adjusted (i) by taking into account the adjustments, allocations and distributions described in Treasury Regulations Sections 1.704-1(b)(2)(ii)(d)(4), (5) and (6); and (ii) by adding to such balance such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, determined pursuant to Treasury Regulations Sections 1.704-2(g) and 1.704-2(i)(5), any amounts such Partner is obligated to restore pursuant to any provision of this Agreement or by applicable Law. The foregoing definition of Adjusted Capital Account Balance is intended to comply with the provisions of Treasury Regulations Section 1.704-1(b)(2)(ii)(d) and shall be interpreted consistently therewith.

  • Adjusted Capital Account Deficit means, with respect to any Member, the deficit balance, if any, in such Member’s Capital Account as of the end of the relevant Fiscal Year, after giving effect to the following adjustments: