Weighted Average Life. 1.2 BNY Mellon shall upon reasonable request provide supporting information to the Fund to aid in the preparation and filing of Form N-CR. The Fund acknowledges that BNY Mellon will not be performing the actual preparation and filing of Form N-CR, and the information requested must be information maintained on the BNY Mellon accounting platform in the ordinary course of providing the services described in the Agreement or, when mutually agreed upon in advance, otherwise available or determinable by BNY Mellon with commercially reasonable efforts. BNY Mellon shall also notify the Fund if it becomes aware in the ordinary course of providing such services to the Fund of the occurrence of certain material events, as specified in Form N-CR, which would require the Fund to file a Form N-CR pursuant to Rule 30b1-8. These include, but are not limited to, monitoring and reporting on daily xxxx-to-market net asset value, including events that would trigger the requirement to file a Form N-CR if (i) a Portfolio’s current net asset value per share deviates downward from its intended stable price per share by more than 0.25% or (ii) if any security experiences a default or event of insolvency that, immediately before the default or event of insolvency, accounts for 0.50% of a Portfolio’s total assets. Nothing herein should be construed as limiting or diminishing any reporting or monitoring obligations of BNYM under the Agreement as heretofore amended.
Weighted Average Life. The weighted average life of the refinancing or refunding loan is not less than the weighted average remaining life of the loan being refinanced.
Weighted Average Life. Assuming the Offered Notes are paid in full on the Series 2023-1 Anticipated Repayment Date, Series 2023-1 Class A-2 Scheduled Principal Payments are made on time, the Series 2023-1 A-2 Non-Amortization Test is never satisfied and no prepayment is made on the Offered Notes, the Weighted Average Life for the Series 2023-1 Class A-2 Notes will be 5.95 years.
