Examples of Notional Principal Amount in a sentence
On each Payment Date, the Global Agent shall write up or write down the Class Principal Balance or Notional Principal Amount, as applicable, of each Class of Notes, as applicable, as determined pursuant to the Debt Agreement and agreed to by Issuer and the Global Agent.
The amount of interest that will accrue on a given Class of Notes during each Accrual Period is equal to: • the Class Coupon for such Class of Notes for such Accrual Period, multiplied by • the Class Principal Balance (or Notional Principal Amount) of such Class of Notes immediately prior to such Payment Date.
Because the Notional Principal Amount of the Class B-1I Notes is based on the Class Principal Balance of the Class B-1D Notes, any Tranche Write-up Amounts allocated to the Class B-1D Notes will result in an increase in the Notional Principal Amount of the Class B-1I Notes calculated in accordance with its Notional Principal Amount definition.
Because the Notional Principal Amount of the Class B-1I Notes is based on the Class Principal Balance of the Class B-1D Notes, any Tranche Write-down Amounts allocated to the Class B-1D Notes will result in a decrease in the Notional Principal Amount of the Class B-1I Notes calculated in accordance with its Notional Principal Amount definition.
Type of Class Minimum Original Principal or Notional Principal Amount Jump or Notional (Jump) $1,000,000 Ascending Rate ⎫ Descending Rate Interest Only Interest Rate Cap Principal Only Inverse Floating Rate Non-Sticky Jump Shifting Payment Percentage Sticky Jump Structured Formula Toggle ⎪ ⎪ ⎪ ⎪ ⎬ ⎪ .