Common use of Weighted Average Maturity Clause in Contracts

Weighted Average Maturity. The weighted average maturity of a Pool Certificate is a dollar weighted average maturity that is calculated by multi- plying the remaining term, in months, of each Loan Interest in a Pool by the ratio of that Loan Interest’s current outstanding pooled principal to the current aggregate outstanding pooled principal of all Loan Interests in the

Appears in 3 contracts

Samples: Program Agreements, Program Agreements, Program Agreements

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Weighted Average Maturity. The weighted average maturity of a Pool Certificate is a dollar weighted average maturity that is calculated by multi- plying the remaining term, in months, of each Loan Interest in a Pool by the ratio of that Loan Interest’s current outstanding pooled principal to the current aggregate outstanding pooled principal of all Loan Interests in thethe Pool, and adding the sum of the result- ing products. The weighted average maturity of a Pool Certificate will fluctuate over the life of the Pool as Loan Interest defaults, prepayments and normal Loan Interest repayments occur.

Appears in 3 contracts

Samples: First Lien Position 504 Loan Pool Guarantee Agreement, First Lien Position 504 Loan Pool Guarantee Agreement, First Lien Position 504 Loan Pool Guarantee Agreement

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Weighted Average Maturity. The weighted average maturity of a Pool Certificate is a dollar weighted average maturity that is calculated by multi- plying multiplying the remaining term, in months, of each Loan Interest in a Pool by the ratio of that Loan Interest’s current outstanding pooled principal to the current aggregate outstanding pooled principal of all Loan Interests in thethe Pool, and adding the sum of the resulting products. The weighted average maturity of a Pool Certificate will fluctuate over the life of the Pool as Loan Interest defaults, prepayments and normal Loan Interest repayments occur.

Appears in 2 contracts

Samples: First Lien Position 504 Loan Pool Guarantee Agreement (SD Co Inc), First Lien Position 504 Loan Pool Guarantee Agreement

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