Weighted Average Interest Rate. The dollar-weighted average interest rate of a Pool Certificate calculated by mul- tiplying the interest rate of each Loan Interest in the Pool by the ratio of that Loan Interest’s current out- standing principal in the SBA-xxxxxx- xxxx portion of the Pool (that is, the portion of the Pool Loan backing the Pool Certificates) to the current aggre- gate or outstanding principal of each Loan Interest in the SBA-guaranteed portion of the Pool, and adding the sum of the resulting products. The Pool Certificate interest rate will fluc- tuate over the life of the Pool as de- faults, prepayments and normal repay- ments applicable to Loan Interests in the Pool occur.
Weighted Average Interest Rate. 26 Section 1.02
Weighted Average Interest Rate. If Network Funding shall pay any interest, premiums, discounts, commissions or fees in connection with its short-term borrowings during any month, the Short-Term Interest Rate shall be equal to the weighted average of all interest, premiums, discounts, commission and fees paid by Network Funding in connection with its short-term borrowings for each month.
Weighted Average Interest Rate. The dollar-weighted average interest rate of a Pool Certificate calculated by multiplying the interest rate of each Loan Interest in the Pool by the ratio of that Loan Interest’s current outstanding principal in the SBA-guaranteed portion of the Pool (that is, the portion of the Pool Loan backing the Pool Certificates) to the current aggregate or outstanding principal of each Loan Interest in the SBA-guaranteed portion of the Pool, and adding the sum of the resulting products. The Pool Certificate interest rate will fluctuate over the life of the Pool as defaults, prepayments and normal repayments applicable to Loan Interests in the Pool occur.
Weighted Average Interest Rate. The weighted average interest rate payable on the Eligible Receivables is greater than or equal to 13.5%.
