Uncovered Portion definition

Uncovered Portion. With respect to any Class of Regular Certificates, the amount by which the sum of (i) the outstanding Class Balance of that Class and (ii) the aggregate outstanding Class Balances of all Corresponding Senior Classes of Regular Certificates exceeds the then Scheduled Principal Balance of the related Mortgage Assets.
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Uncovered Portion means, in respect of each Loan:
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Uncovered Portion. As the context may require, either: (a) that portion, if any, of the then aggregate Certificate Principal Balance of all the Principal Balance Certificates that is in excess of the then aggregate Assigned Asset Value of the Mortgage Pool; and (b) that portion, if any, of the then Class Principal Balance of any Class of Principal Balance Certificates (or, in the case of the Class A-1 and Class A-2 Certificates, the then aggregate Certificate Principal Balance of such Certificates) that is in excess of an amount equal to (i) the then aggregate Assigned Asset Value of the Mortgage Pool, reduced (to not less than zero) by (ii) the then aggregate Certificate Principal Balance of each other Class of Principal Balance Certificates, if any, with a letter Class designation that is earlier in alphabetical order.
Sample 1

Examples of Uncovered Portion in a sentence

  • Effective Development CooperationUse of country procurement systems NoUse of country public financial management systems No Modality and SourcesAmount ($ million)ADB500.00Sovereign Partial Credit Guarantee (95%) - Ordinary CapitalResources500.00Net Direct Value Added Cofinancing26.30Sovereign Partial Credit Guarantee - Uncovered Portion (5%)26.30Counterpart3,992.70Others3,992.70Total4,519.00Source: Asian Development BankThis document must only be generated in eOps.


More Definitions of Uncovered Portion

Uncovered Portion. ( ) means the uncovered portion referred to in
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Related to Uncovered Portion

  • Unused Portion has the meaning assigned to that term in Section 2.09(a).

  • Covered position means a position in which the employee must be a member of the retirement

  • Covered Amount means, for any Distribution Date with respect to the Controlled Accumulation Period or the first Special Payment Date, if such Special Payment Date occurs prior to the date the Class A Invested Amount is paid in full, an amount equal to the sum of (x) with respect to the Class A Certificates, the product of (i) the Class A Certificate Rate, (ii) a fraction, the numerator of which is the actual number of days from and including the prior Distribution Date to but excluding the then current Distribution Date and the denominator of which is 360 and, (iii) the Principal Funding Account Balance, if any, as of the preceding Distribution Date that is allocable to the principal of the Class A Certificates and (y) with respect to the Class B Certificates, the product of (i) the Class B Certificate Rate, (ii) a fraction, the numerator of which is the actual number of days from and including the prior Distribution Date to but excluding the then current Distribution Date and the denominator of which is 360 and (iii) the Principal Funding Account Balance, if any, as of the preceding Distribution Date that is allocable to the principal of the Class B Certificates.

  • Covered Period means the period beginning six (6) months prior to a Change in Control and ending twenty-four (24) months after the Change in Control.

  • Portion is defined in Section 2.1(a) hereof.

  • Retention Amount means, in relation to any Retention Date, such sum as shall be the aggregate of:

  • Termination Amount has the meaning set forth in Section 7.02(a).

  • Applicable Fraction means Applicable Fraction as defined in Section 42(c)(1)(B) of the IRC.

  • Determination Period means each period from (and including) a Determination Date to (but excluding) the next Determination Date (including, where either the Interest Commencement Date or the final Interest Payment Date is not a Determination Date, the period commencing on the first Determination Date prior to, and ending on the first Determination Date falling after, such date); and

  • Grant Amount or “Grant” means the total amount of financial assistance disbursed under this Agreement, which consists of the City's Amount and the Consultant’s Amount.

  • Applicable Portion means, with respect to any holder of shares of Preferred Stock, a number of shares of Preferred Stock calculated by multiplying the aggregate number of shares of Preferred Stock held by such holder immediately prior to a Qualified Financing by a fraction, the numerator of which is equal to the amount, if positive, by which such holder’s Pro Rata Amount exceeds the number of Offered Securities actually purchased by such holder in such Qualified Financing, and the denominator of which is equal to such holder’s Pro Rata Amount.

  • Early Termination Amount means, in respect of any Note, its principal amount or such other amount as may be specified in, or determined in accordance with, these Conditions or the relevant Final Terms;

  • Incremental Capacity Transfer Right means a Capacity Transfer Right allocated to a Generation Interconnection Customer or Transmission Interconnection Customer obligated to fund a transmission facility or upgrade, to the extent such upgrade or facility increases the transmission import capability into a Locational Deliverability Area, or a Capacity Transfer Right allocated to a Responsible Customer in accordance with Tariff, Schedule 12A. Incremental Deliverability Rights (IDRs):