Average Maturity Date definition

Average Maturity Date means, as of any date of determination, with respect to any Performing Collateral Obligation, the date calculated by adding to the Original Closing Date the maturity of such Performing Collateral Obligation (expressed as a number of months from the Original Closing Date) calculated by multiplying (i) the Principal Balance (or portion thereof) of such Performing Collateral Obligation that is then held (or in relation to a proposed purchase of a Performing Collateral Obligation, proposed to be held) by the Borrower and that matures or amortizes on any date subsequent to such date of determination by (ii) the number of months from the Original Closing Date to the date of such maturity or amortization, in each case as of such date.

Average Maturity Date. - means the average period to maturity of the investments in the portfolio (or in the case of floating rate securities the date of the next payment of interest);

Average Maturity Date means, as of any date of determination, with respect to any Performing Collateral Obligation, the date calculated by adding to the Closing Date the maturity of such Performing Collateral Obligation (expressed as a number of months from the Closing Date) calculated by multiplying

Examples of Average Maturity Date in a sentence

• The Average Maturity Date of the investments of the Fund will not exceed 180 days.

• The Fund’s Investment Policy is to invest money with banks and other institutions which meet rigorous criteria based on independent credit ratings and total asset size, with a maximum Average Maturity Date for the investments of no more than 180 days.

• Although not offset on the Company’s Condensed Consolidated Balance Sheets, these transactions are included in the following tables ($ in thousands): June 30, 2021 Indebtedness Maturity Date Coupon Collateral Assets(1)Outstanding Balance Barclays RA 2/26/2026 L + 2.50% $ 497,322 $ 138,145$ 497,322 $ 138,145 December 31, 2020 Indebtedness Weighted Average Maturity Date (1) Represents the fair value of the Company’s investments in real estate debt.

• The following table is a summary of the mortgage notes and revolving credit facility secured by the Company’s properties ($ in thousands): Principal Balance Outstanding (3) Indebtedness Weighted Average Interest Rate(1) Weighted Average Maturity Date (2) (1) The term “L” refers to the one-month LIBOR.

• If the Extension Conditions are satisfied, the Maturity Date of the Notes shall be automatically extended to the related Extended Maturity and the Weighted Average Maturity Test shall be automatically extended to the related Extended Weighted Average Maturity Date without any requirement for approval or consent of any Noteholder or amendment, modification, supplement or waiver to any Transaction Document ("MaturityExtension").

• In any case, when the sample size is large relative to the number of parameters, CICc will converge on CIC.

• The following table is a summary of the mortgage notes and revolving credit facility secured by the Company’s properties ($ in thousands): Principal Balance Outstanding (3) Indebtedness Weighted Average Interest Rate(1) Weighted Average Maturity Date (2)Maximum Facility Size September 30, 2020 December 31, 2019 Fixed rate loans Fixed rate mortgages (1) The term “L” refers to the one-month LIBOR.

• The Weighted Average Maturity Date is rounded to the closest payment date.The following table provides information with respect to the commodities produced on Mortgaged Properties securing Qualified Loans in Pool AS1013.

• The Weighted Average Maturity Date is rounded to the closest payment date.A-3The following table provides information with respect to the commodities produced on Mortgaged Properties securing Qualified Loans in Pool QM1010.

• Although not offset on the Company’s Condensed Consolidated Balance Sheets, these transactions are included in the following tables ($ in thousands): March 31, 2021 Indebtedness Maturity Date Coupon Collateral Assets(1)Outstanding Balance Barclays RA 2/26/2026 L + 2.50% $ 496,692 $ 137,970$ 496,692 $ 137,970 December 31, 2020 Indebtedness Weighted Average Maturity Date (1) Represents the fair value of the Company’s investments in real estate debt.