Examples of Recovery Principal in a sentence
Recovery Principal With respect to each Payment Date, the sum of: (a) the excess, if any of the related Credit Event Amount for such Payment Date over the related Tranche Write-down Amount for such Payment Date; plus (b) the related Tranche Write-up Amount for such Payment Date.
In addition to any other damages that might be due to Town hereunder in connection with the breach of this Agreement by Professional, Professional shall reimburse Town, as described in Article 10 hereof, for costs, damages and expenses that are the result of errors, omissions or delays of the Professional or the Professional’s Consultants.
With respect to any Payment Date, the sum of the Stated Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.
With respect to each Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Recovery Principal for such Payment Date, less the Senior Reduction Amount.
With respect to each Payment Date, if the Minimum Credit Enhancement Test and the Delinquency Test are satisfied, the sum of: (a) the Senior Percentage of the Scheduled Principal for such Payment Date;(b) the Senior Percentage of the Unscheduled Principal for such Payment Date; and Subordinate Reduction Amount Allocation of Senior Reduction Amount Allocation of Subordinate Reduction Amount(c) 100% of the Recovery Principal for such Payment Date.
The ICRR is calculated by dividing the sum of the Implementation Cost Recovery Principal Payment (“ICRPP”) and the Implementation Cost Finance Charge (“ICFC”) by the ∑BNEL.
Where the Securities are Zero Recovery Principal Amount Reduction Securities, the Settlement Price will be zero, and investors in such Securities will not benefit from any recovery which might otherwise have been determined in respect of the relevant Reference Entity.
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The ICR Charge shall include charges for: an Implementation Cost Recovery Principal Payment (“ICRPP”) for recovery of the remaining unrecovered principal amount of the implementation cost (“IC-Rem”), and an Implementation Cost Finance Charge (“ICFC”) for finance charges on the unrecovered balance of the implementation cost.
If such Securities are Basket Securities and Zero Recovery Principal Amount Reduction Securities, and a Credit Event occurs and an Event Determination Date has occurred with respect to a Reference Entity in the basket each Security will be partially cancelled in respect of a portion of the Nominal Amount of such Security equal to the Reference Entity Nominal Amount for the relevant Reference Entity.