Average Term Clause Samples
Average Term. If at the Closing Date the Average Term is less than 46 months, then the Consideration (as adjusted pursuant to Sections 1.4(a) and (b)) shall be further adjusted by multiplying it by a fraction, the numerator of which is the Average Term and the denominator of which is 46.
Average Term. Average Term" means, on any day, that period (expressed in days) equal to the weighted average number of days (based on aging categories) that the Portfolio Receivables are outstanding until paid in full as shall be calculated by Servicer as set forth in the most recent Periodic Report in accordance with the provisions thereof; provided, however, that if the Agent shall disagree with any such calculation, the Agent may recalculate the Average Term for such day, which calculation shall, absent manifest errors, be conclusive.
Average Term. 33 3.30 Capitalization.......................................................................... 33
Average Term. The Average Term as of Closing will be 34 months, or such lesser number as shall be used to adjust the Consideration pursuant to Section 1.4(c) hereof.