Remaining Weighted Average Life. For any Certificate, as of any determination date, the number of years obtained by dividing (a) the sum of the products obtained by multiplying (i) the amount of each then remaining mandatory sinking fund redemption payment of principal, including the payment due on the Maturity of such Certificate, by (ii) the number of years (calculated to the nearest one-twelfth) which will elapse between such determination date, and the date on which such payment is scheduled to be made, by (b) the then outstanding principal amount of such Certificate.
Appears in 8 contracts
Samples: Trust Indenture and Security Agreement (Federal Express Corp), Lease Agreement (Federal Express Corp), Trust Indenture and Security Agreement (Federal Express Corp)
