Credit Event Amount definition

Credit Event Amount. With respect to each Payment Date, the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations for the related Reporting Period.
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Credit Event Amount means, with respect to each Payment Date, the aggregate amount of the Credit Event UPB of all Credit Event Reference Obligations for the related Reporting Period.
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Credit Event Amount means, with respect to any Payment Date and Loan Group, the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations in that Loan Group for the related Reporting Period.
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Examples of Credit Event Amount in a sentence

  • With respect to each Payment Date, the Class Notional Amount of the Senior Reference Tranche will be increased by the excess, if any, of the Tranche Write-down Amount for such Payment Date over the Credit Event Amount for such Payment Date.

  • The "Reversed Credit Event Amount" with respect to any Payment Date is the aggregate amount of the Credit Event UPB of all Reversed Credit Event Reference Obligations for the related Reporting Period.

  • The "Credit Event Amount" with respect to any Payment Date is the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations for the related Reporting Period.

  • The "Credit Event Amount" with respect to any Payment Date and Loan Group, is the aggregate amount of the Credit Event UPBs of all Credit Event Reference Obligations for the related Reporting Period and Loan Group.

  • The "Cumulative Net Credit Event Percentage" with respect to each Payment Date and Loan Group, is a percentage equal to (i) the aggregate Credit Event Amount for such Payment Date and Loan Group and all prior Payment Dates less the aggregate Reversed Credit Event Amount for such Payment Date and Loan Group and all prior Payment Dates; divided by (ii) the aggregate unpaid principal balance of the Reference Obligations in the related Loan Group as of the Cut-off Date.

  • The "Reversed Credit Event Amount" with respect to any Payment Date and Loan Group, is the aggregate amount of the Credit Event UPBs of all Reversed Credit Event Reference Obligations for the related Reporting Period and Loan Group.

  • With respect to any Payment Date, the Class Notional Amount for the Class 1A-H Reference Tranche will be increased by the excess, if any, of the Tranche Write-down Amount for such Payment Date over the Credit Event Amount for such Payment Date.

  • With respect to each Payment Date, the sum of the Scheduled Principal, Unscheduled Principal and Excess Credit Event Amount 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 both 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(c) 100% of the Excess Credit Event Amount for such Payment Date.

  • The “Use Case Specification” component (1) is a web app that allows users to create use cases by giving their specifications.


More Definitions of Credit Event Amount

Credit Event Amount means, with respect to each Payment Date and Loan Group, the aggregate amount of the Credit Event UPB of all Credit Event Reference Obligations for the related Reporting Period with respect to that Loan Group.
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Credit Event Amount means, following the occurrence of a Credit Event Determination Date in respect of any Reference Entity (i) the amount specified as such in the relevant Pricing Supplement or (ii) a Note's pro rata share of the amount (which may be zero but never less than zero) calculated by the Calculation Agent in accordance with the following formula: (RENA × FP) ‒ UC. Where:
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Credit Event Amount means, with respect to each Payment Date, the aggregate, for each Credit Event Reference Obligation for the related Reporting Period, of the product of (i) the Credit Event UPB of such Credit Event Reference Obligation, multiplied by (ii) the applicable Reference Obligation Payment Allocation Factor for such Credit Event Reference Obligation.
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Credit Event Amount means, with respect to any Premium Payment Date (or with respect to the Loan Acquisition Period, for purposes of calculating the Loan Acquisition Period Loss Amount), the aggregate amount of the Credit Event UPBs of all Credit Event Covered Obligations for the related Reporting Period.
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Credit Event Amount means, a Note's pro rata share of the following amount (which may be zero):(RENA × FP) – UCwhere:"RENA" is the Reference Entity notional amount; "FP" is the Recovery Price;"UC" is Unwind Costs.]["Credit Event Payment Date" means, in relation to any Credit Event Amount, [three] [specify] Business Days following [the calculation of the relevant Final Price] (or insert for Zero/Set Recovery Notes:) the Credit Event Determination Date.] [or such later date for payment determined under the Settlement Exchange Rate provisions.]"Credit Event Redemption Amount" means:(insert in the case of Single Reference Entity Credit Linked Notes, First-to- Default Credit Linked Notes and Nth-to-Default Credit Linked Notes:)an amount equal to each Note's pro rata share of:[(RENA × FP) – UC] + Protected Amount(insert in the case of Linear Basket Credit Linked Notes to which Credit Payment on Maturity applies:)an amount equal to each Note's pro rata share of:n n( Σ RENAu,i) + ( Σ RENAA,i × FPA,i) − UC1 …n 1 …n(insert in the case of Linear Basket Credit Linked Notes to which Credit Payment As You Go applies:)an amount equal to a Note's pro rata share of:nΣ RENAu,il …n(insert in the case of Tranched Linear Basket Credit Linked Notes:)an amount equal to each Note's pro rata share of:1aggregate outstanding nominal amount ∗ (1 – ( ) * Min[H – L; Max[N – L; 0]])H – Lwhere:[“Protected Amount” means the amount stated in the Final Terms if specified as applicable."RENA" is the Reference Entity notional amount;"RENAu,i" is RENA in respect of any Reference Entityi for which a Credit Event has not occurred and relevant procedures are followed and which is zero for all other Reference Entities;
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Related to Credit Event Amount

  • Credit Event UPB With respect to any Credit Event Reference Obligation, the unpaid principal balance thereof as of the end of the Reporting Period related to the Payment Date that it became a Credit Event Reference Obligation.

  • Credit Event Notice means an irrevocable notice from the Issuer or the Swap Counterparty, as the case may be, to the other party (in the form and delivered in the manner described in the Default Swap) that describes a Credit Event that occurred on or after the Effective Date of the Default Swap.

  • Credit Event shall have the meaning assigned to such term in Section 4.01.

  • Credit Event Reference Obligation means, with respect to any Payment Date, any Reference Obligation with respect to which a Credit Event has occurred.

  • Acquisition Amount means, for an Acquired Receivable for which the Acquisition Amount is to be included in Available Funds for a Payment Date, the excess of (i) the present value of the Principal Balance of the Receivable as of the last day of the Collection Period immediately preceding the related Collection Period (calculated using the Discount Rate on the basis of a 360-day year of twelve 30-day months and assuming each amount is received at the end of the Collection Period in which the amount is scheduled to be received) over (ii) all cash collections and any other cash proceeds received by the Issuer on the related Receivable from (but excluding) the last day of the Collection Period immediately preceding the related Collection Period to the day on which such Receivable becomes an Acquired Receivable.

  • Reversed Credit Event Reference Obligation With respect to any Payment Date means a Reference Obligation formerly in the Reference Pool that became a Credit Event Reference Obligation in a prior Reporting Period that is found in the related Reporting Period, through Xxxxxxx Mac’s quality control process, to have an Underwriting Defect or a data correction that invalidates the previously determined Credit Event.

  • Funding Date is any date on which a Credit Extension is made to or for the account of Borrower which shall be a Business Day.

  • New Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).

  • Extended Term Loan Repayment Amount shall have the meaning provided in Section 2.5(c).