Average Life Sample Clauses

Average Life. 5 beneficial interest...................................................5
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Average Life. The Reinvestment Yield shall be rounded to the number of decimal places as appears in the interest rate of the applicable Note.
Sample 1Sample 2Sample 3See All (4)
Average Life. 5.15 1.88 1.55 1.10 0.93 0.67 Duration: 4.08 1.69 1.41 1.02 0.87 0.63 First Prin Pay: 7/97 7/97 7/97 7/97 7/97 7/97 Last Prin Pay: 1/07 5/01 8/00 9/99 5/99 11/98 ----------------------------------------------------------------------------- A2 SENIOR Price: 99-31 Coupon: 6.5500 Original Par: 25,021,000 ----------------------------------------------------------------------------- To Call: Bond Yield: 6.61 6.59 6.58 6.56 6.54 6.51 Average Life: 11.82 5.37 4.43 3.10 2.59 1.84 Duration: 7.96 4.37 3.71 2.71 2.30 1.68 First Prin Pay: 1/07 5/01 8/00 9/99 5/99 11/98 Last Prin Pay: 4/11 5/04 3/03 7/01 11/00 11/99 ----------------------------------------------------------------------------- A3 SENIOR Price: 99-27 Coupon: 6.7000 Original Par: 19,982,000 ----------------------------------------------------------------------------- To Call: Bond Yield: 6.78 6.78 6.78 6.77 6.76 6.75 Average Life: 15.60 8.60 7.22 5.10 4.07 2.84 Duration: 9.36 6.31 5.52 4.17 3.45 2.51 First Prin Pay: 4/11 5/04 3/03 7/01 11/00 11/99 Last Prin Pay: 3/15 4/08 8/06 12/03 7/02 11/00 ----------------------------------------------------------------------------- This Structural Term Sheet, Collateral Term Sheet, or Computational Materials, as appropriate (the "Material"), is privileged and confidential, is intended for use by the addressee only, and may not be provided to any third party other than the addressee's legal, tax, financial and/or accounting advisors for the purposes of evaluating such information. Prospective investors are advised to read carefully, and should rely solely on, the final prospectus and prospectus supplement (the "Final Prospectus") related to Deutsche Financial Capital Securitization, LLC, Senior/Subordinated Pass-Through Certificates, Series 1997-I (the "DFC 97-I Certificates") in making their investment decisions. This material does not include all relevant information relating to the DFC 97-I Certificates described herein, particularly with respect to the risk and special considerations associated with an investment in DFC 97-I Certificates. All information contained herein is preliminary and it is anticipated that such information will change. Any information contained herein will be more fully described in, and will be fully superseded by the preliminary prospectus supplement and Final Prospectus. Although the information contained in the material is based on sources the Underwriters believe to be reliable, the Underwriters make no representation or warranty that s...
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Average Life. All or None (AON) Alternative Mortgage Instrument (AMI)
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Average Life. The arithmetic weighted average life of a bond where the weights are the proportion of the principal amount being redeemed. Average Refers to a trade, quote or market which does not originate with the dealer in question, I.e., "the market is 100 1/4-1/2 away (from me)." Short for "axe to grind". Refers to a trading position or preference. Xxxxxx'x Acceptance A bond issued in a denomination of less than $1000 issued as a means of reaching small investors and thus widening the possible market and permitting increased diversification for small investors. Those futures contract months which are beyond 12 months of the current date. An account which holds both fixed income or debt securities (bonds) as well as equities (stocks), or bonds and international bonds.
Sample 1
Average Life. The average length of time that an issue of serial bonds and/or term bonds with a mandatory sinking fund feature is expected to be outstanding. Bankers' Acceptance (BA's). A draft or xxxx of exchange drawn upon and accepted by a bank. Frequently used to finance shipping of international goods. Used as a short-term credit instrument, bankers' acceptances are traded at a discount from face value as a money market instrument in the secondary market on the basis of the credit quality of the guaranteeing bank. Basis Point. One hundredth of one percent, or 0.01%. Thus 1% equals 100 basis points.
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Average Life. The average maturity of the Bond does not exceed 120% of the average reasonably expected economic life of the facilities to be financed with the proceeds of the Loan.
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Related to Average Life

  • Constant Maturity Swap Rate Notes If the Interest Rate Basis is the Constant Maturity Swap Rate, this Note shall be deemed a “Constant Maturity Swap Rate Note.” Unless otherwise specified on the face hereof, “Constant Maturity Swap Rate” means: (1) the rate for U.S. dollar swaps with the designated maturity specified in the applicable pricing supplement, expressed as a percentage, which appears on the Reuters Screen (or any successor service) ISDAFIX1 Page as of 11:00 A.M., New York City time, on the particular Interest Determination Date; or (2) if the rate referred to in clause (1) does not appear on the Reuters Screen (or any successor service) ISDAFIX1 Page by 2:00 P.M., New York City time, on such Interest Determination Date, a percentage determined on the basis of the mid-market semiannual swap rate quotations provided by the reference banks (as defined below) as of approximately 11:00 A.M., New York City time, on such Interest Determination Date, and, for this purpose, the semi-annual swap rate means the mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating U.S. dollar interest rate swap transaction with a term equal to the designated maturity

  • Spread; Spread Multiplier; Index Maturity The “Spread” is the number of basis points (one one-hundredth of a percentage point) specified on the face hereof to be added to or subtracted from the related Interest Rate Basis or Interest Rate Bases applicable to this Note. The “Spread Multiplier” is the percentage specified on the face hereof of the related Interest Rate Basis or Interest Rate Bases applicable to this Note by which the Interest Rate Basis or Interest Rate Bases will be multiplied to determine the applicable interest rate. The “Index Maturity” is the period to maturity of the instrument or obligation with respect to which the related Interest Rate Basis or Interest Rate Bases will be calculated.

  • Maturities Each Note will mature on a date nine months or more from its Original Issue Date (the "Stated Maturity Date") selected by the investor or other purchaser and agreed to by the Company.

  • Term to Maturity Each Receivable had an original term to maturity of not more than 72 months and not less than 12 months and a remaining term to maturity as of the Cutoff Date of not more than 71 months and not less than three months.

  • Maturity As provided therein, the entire unpaid principal balance of each Note shall be due and payable on the Maturity Date thereof.

  • Linear Interpolation Where Linear Interpolation is specified as applicable in respect of an Interest Period in the applicable Final Terms, the Rate of Interest for such Interest Period shall be calculated by the Agent by straight line linear interpolation by reference to two rates based on the relevant Reference Rate (where Screen Rate Determination is specified as applicable in the applicable Final Terms) or the relevant Floating Rate Option (where ISDA Determination is specified as applicable in the applicable Final Terms), one of which shall be determined as if the Designated Maturity were the period of time for which rates are available next shorter than the length of the relevant Interest Period and the other of which shall be determined as if the Designated Maturity were the period of time for which rates are available next longer than the length of the relevant Interest Period provided however that if there is no rate available for a period of time next shorter or, as the case may be, next longer, then the Agent shall determine such rate at such time and by reference to such sources as it determines appropriate.

  • Discharge Prior to Maturity The Indenture shall be discharged and canceled upon the payment of all of the Securities and shall be discharged except for certain obligations upon the irrevocable deposit with the Trustee of funds or U.S. Government Obligations sufficient for such payment.

  • Average Log Length and Payment Reduction If the average log length for all logs delivered under this contract is less than the average log length specified in the table in clause G-024.2, The amount of allowable payment reduction shall be calculated by multiplying the payment rate in P-028.2 by the total volume delivered, and the difference between the average length of logs delivered and the average log length specified in G-024.2, times 1% as follows: Log Length Payment Reduction = (B x V x L) x (.01) Where: B = Bid rate from P-028.2 clause V = total delivered log Volume L = Length in feet below specified average (rounded to nearest Average log length payment reductions calculated by the Purchaser must be approved by the State, prior to payment for the final billing period. Third-party scaling organization information is required to determine Xxxxxxxx mbf and Average log length for payment reduction purposes. Average log length is determined on a piece count basis. Value of log length price reduction will be derived from the applicable sort value as described in this contract. Scale information for determining Average log length for payment reduction eligibility must be obtained from roll-out scale. Truck-ramp, sample scaling, and/or bundle scaling information is not acceptable for determining eligibility. Purchaser’s exclusive remedy for below average log lengths shall be the payment reduction described in this clause, notwithstanding other provisions in the Uniform Commercial Code.

  • Treasury Rate Notes If the Interest Rate Basis is the Treasury Rate, this Note shall be deemed a “Treasury Rate Note.” Unless otherwise specified on the face hereof, “Treasury Rate” means: (1) the rate from the auction held on the Interest Determination Date (the “Auction”) of direct obligations of the United States (“Treasury Bills”) having the Index Maturity specified on the face hereof under

  • Original Terms to Maturity The original term to maturity of substantially all of the Mortgage Loans included in the Mortgage Pool shall be between 20 and 30 years.

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