Note Value definition

Note Value means, with respect to any day, the present value of the unpaid Scheduled Payments on the Receivables, discounted at an annual rate equal to 4.00%. For purposes of calculating Note Value, in the case of a defaulted Receivable: (a) prior to the time at which such defaulted Receivable becomes a Repossessed Receivable or a 180-day Receivable, the Scheduled Payments on such Receivable will be computed based on the amounts that would have been the Scheduled Payments had such default not occurred; (b) at the earlier of the time at which such defaulted Receivable becomes a Repossessed Receivable or a 180-day Receivable, the amount added to the Note Value with respect to such Receivable will be the estimated realizable value of such Receivable, as determined by the Servicer in accordance with its normal servicing procedures and (c) after the time such defaulted Receivable becomes a Liquidated Receivable, and after the payment of a Purchase Amount in respect of a Purchased Receivable, there shall be deemed to be no Scheduled Payments due on such Receivable.

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Note Value means, at any time, the present value of the unpaid Scheduled Payments on the Receivables (including all lease residual payments on the Leases), discounted on a monthly basis at the Discount Factor. For purposes of calculating Note Value for any (i) delinquent Receivable that has not had the Financed Equipment by which it is secured repossessed and which is not a Liquidated Receivable or a 180-Day Receivable, the amount of any delinquent payments will be assumed to be received in the next Collection Period and all other payments which have not yet become due will be assumed to be received as originally scheduled, (ii) Receivable that has had the Financed Equipment by which it is secured repossessed but which has not yet become a Liquidated Receivable or a 180-Day Receivable, the outstanding Contract Balance of that Receivable will be assumed to be received in the next Collection Period and it will be assumed that no other payments will be received on that Receivable, (iii) Liquidated Receivable, it will be assumed that no payments will be received on that Receivable and (iv) 180-Day Receivable, the aggregate amount of unpaid Scheduled Payments of such 180-Day Receivable will be reduced by the Write Down Amount, if any, calculated during the preceding Collection Period and all remaining Scheduled Payments will be assumed to be received as originally scheduled.

Note Value means the principal amount of the Note plus accrued and unpaid interest thereon as of the date of the Trigger Event.

Examples of Note Value in a sentence

On each Distribution Date, the Servicer shall be entitled to receive the Servicing Fee in respect of the immediately preceding Collection Period equal to the product of (a) one-twelfth of the Servicing Fee Rate and (b) the Note Value as of the first day of such preceding Collection Period.
On each Determination Date, the Servicer shall be entitled to receive the Servicing Fee in respect of the immediately preceding Collection Period equal to the product of (a) one-twelfth of the Servicing Fee Rate and (b) the Note Value as of the first day of such preceding Collection Period.
As of the Effective Date, the Compliance Certificate delivered as of such date sets forth a list of (i) each Eligible Unencumbered Real Property Asset and whether such Eligible Unencumbered Real Property Asset is subject to a Qualifying Ground Lease and (ii) any Mortgage Notes included in Eligible Unencumbered Mortgage Note Value.
The Servicer of the Receivables may at its option purchase the corpus of the Trust at a price specified in the Sale and Servicing Agreement, and such purchase of the Receivables and other property of the Trust will effect early retirement of the Certificates; provided, however, such right of purchase is exercisable only on any Distribution Date on which the Note Value is 10% or less of the Initial Note Value.
The Servicer of the Receivables may at its option purchase the corpus of the Trust at a price specified in the Sale and Servicing Agreement, and such purchase of the Receivables and other property of the Trust will effect early retirement of the Certificate; provided, however, such right of purchase is exercisable only on any Distribution Date on which the Note Value is 10% or less of the Initial Note Value .

More Definitions of Note Value

Note Value means, in respect of each Note, $1,000 plus accrued and unpaid interest on such Note.

Note Value means, in respect of each Note, the principal amount of such Note plus accrued and unpaid interest on such Note to, but excluding, the date of the Trigger Event.

Note Value means, in the case of a Reimbursement Under Special Circumstances, the reimbursement amount of Notes as established by the Calculation Agent acting in good faith in accordance with industry-accepted methods based on a number of interrelated factors, such as the appreciation and the volatility of the Reference Shares, the interest rates, dividends and distributions made in respect of Reference Shares and the time remaining to the Maturity Date.

Note Value means, in the case of a Reimbursement Under Special Circumstances, the reimbursement amount of Notes of a series as established by the Calculation Agent based on a number of interrelated factors, such as the appreciation and the volatility of the Benchmark Portfolio, the interest rates, the dividends on shares included in the Benchmark Portfolio and the time remaining to the Issuance Date or Early Redemption Day. In such a situation, the Calculation Agent will request an evaluation of the value of the Notes, taking into account the interrelated factors mentioned above, from three recognized banks of a list of five banks, other than the Bank, using the date of prior notice of a Special Circumstance as the valuation date;

Note Value means, as of any particular date of computation, in respect of an Aircraft, the amount required to prepay or repay the Notes of the Series relating to such Aircraft in full, together with interest thereon accrued to (but excluding) the date of such prepayment or repayment, Prepayment Fee and all other amounts of whatever description in respect of such Notes due to the Financiers and the Security Trustee under the Facility Agreement and the other Operative Documents as of such date.

Note Value means, in the case of Special Circumstances, the value of Notes of a series as established by the Calculation Agent based on a number of interrelated factors, such as the appreciation and the volatility of the Benchmark Portfolio, the interest rates, the dividends on shares included in the Benchmark Portfolio and the time remaining to the Maturity Date or Early Redemption Date. In such a situation, the Calculation Agent will request an evaluation of the value of the Notes, taking into account the interrelated factors mentioned above, from three Canadian banks, other than the Bank, using the date of notification of a Special Circumstance as the valuation date;

Note Value means the principal amount of the NVCC Subordinated Note plus accrued and unpaid interest thereon as of the date of the Non-Viability Trigger Event (except, with respect to AT1 Perpetual Notes, to the extent such unpaid interest was cancelled), expressed in Canadian dollars on the basis of the Prevailing Exchange Rate.

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