Average Life means, at any date of determination with respect to any debt security, the quotient obtained by dividing (i) the sum of the products of (a) the number of years from such date of determination to the dates of each successive scheduled principal payment of such debt security and (b) the amount of such principal payment by (ii) the sum of all such principal payments.
Average Life means, as of the date of determination, with respect to any Indebtedness or Preferred Stock, the quotient obtained by dividing (1) the sum of the products of the numbers of years from the date of determination to the dates of each successive scheduled principal payment of such Indebtedness or redemption or similar payment with respect to such Preferred Stock multiplied by the amount of such payment by (2) the sum of all such payments.
Average Life means, as of any date of determination, with respect to any Debt, the quotient obtained by dividing (i) the sum of the products of (x) the number of years from the date of determination to the dates of each successive scheduled principal payment (including any sinking fund or mandatory redemption payment requirements) of such Debt multiplied by (y) the amount of such principal payment by (ii) the sum of all such principal payments.
Examples of Average Life in a sentence
The Storm Recovery Bonds shall have the initial principal amount, bear interest at the rates per annum (the “Bond Interest Rate”) and shall have the Scheduled Final Payment Date and the Final Maturity Date set forth below: Weighted Average Life Initial Principal Amount Bond Interest Rate Scheduled Final Payment Date Final Maturity Date 8.48 $ 336,700,000 4.880 % September 1, 2039 September 1, 2041 The Bond Interest Rate shall be computed by the Issuer on the basis of a 360-day year of twelve 30-day months.
More Definitions of Average Life
Average Life means, as of the date of determination, with respect to any Indebtedness, the quotient obtained by dividing:
Average Life means, as of the date of determination, with respect to any Indebtedness or Preferred Stock, the quotient obtained by dividing (i) the sum of the products of (A) the numbers of years from the date of determination to the dates of each successive scheduled principal payment of such Indebtedness or scheduled redemption or similar payment with respect to such Indebtedness or Preferred Stock multiplied by (B) the amount of such payment by (ii) the sum of all such payments.
Average Life means, as of any date of determination, with respect to any Debt or Preferred Stock, the quotient obtained by dividing:
Average Life means, when applied to any Indebtedness at the time of determination, the number of years obtained by dividing (a) the product obtained by multiplying (i) the total of all then remaining installment or other required payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment by (b) the then outstanding principal amount of such Indebtedness.
Average Life means, as of the date of determination, with respect to any Indebtedness or Preferred Stock, the quotient obtained by dividing:
Average Life means, as of the date of determination with respect to any Debt, the quotient obtained by dividing:
Average Life means at any date of determination with respect to any debt security, the quotient obtained by dividing: