Maximum Weighted Average Life definition

Maximum Weighted Average Life means, as of any date of determination, the number of years listed in the following table which corresponds to such date of determination:
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Maximum Weighted Average Life means, as of the Closing Date, 7.0 years, declining by 0.25 years for each Collection Period elapsed during the Replenishment Period.
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Maximum Weighted Average Life. 9.0 years.
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Examples of Maximum Weighted Average Life in a sentence

  • A test satisfied on any date of determination if the Weighted Average Life of all Collateral Obligations as of such date is less than the Maximum Weighted Average Life.

  • As of any date of determination, the number from the applicable case/column of the Maximum Weighted Average Life Matrix selected by the Collateral Manager.

  • The Borrower (and the Collateral Manager on its behalf) shall not consent to any extension or postponement of the maturity date with respect to any Collateral Loan unless, after giving effect to any such extension or postponement, the Maximum Weighted Average Life Test shall be satisfied.

  • An event that will occur if the Weighted Average Life of all Collateral Obligations as of the last day of the Reinvestment Period exceeds the number of years (rounded to the nearest one hundredth thereof) during the period from such date to the corresponding date for the case of the Maximum Weighted Average Life Matrix by at least 0.75 years.

  • Cloud9 may terminate this Agreement and/or Customer’s access to the Transaction Services, at any time and for any reason, with or without cause, upon thirty (30) days’ written notice.

  • Weighted Average Life Test: A test satisfied on any date of determination if the Weighted Average Life of all Collateral Obligations as of such date is less than the Maximum Weighted Average Life.

  • The Offeror must ensure that the submission is readable, in the format specified in the solicitation, and has been verified free of computer viruses.

  • The combination of the Minimum Weighted Average S&P Recovery Rate column, Minimum Weighted Average Floating Spread and Maximum Weighted Average Life as selected by the Portfolio Manager from the tables comprising the S&P Test Matrix.

  • In the event the Investment Manager fails to choose (A) the Recovery Rate Set prior to the last day of the Ramp -Up Period, the Recovery Rate Set 68 as set forth in the table provided in Section 2 of Schedule 5 will apply, (B) the S&P Matrix Spread prior to the last day of the Ramp -Up Period, the S&P Matrix Spread will be 4.00% or (C) the S&P Maximum Weighted Average Life prior to the last day of the Ramp-Up Period will be determined based on Case A in the definition thereof.

  • A test satisfied on any Measurement Date if the Weighted Average Life of all Collateral Obligations as of such date is less than the number of years (rounded to the nearest one hundredth thereof) during the period fromrelevant Maximum Weighted Average Life specified in the table below for the Amendment Date or the Quarterly Payment Date immediately preceding such Measurement Date to March 12, 2023..


More Definitions of Maximum Weighted Average Life

Maximum Weighted Average Life means (a) for purposes of compliance with the Level 1 Portfolio Test, 6.5 years and (b) for purposes of compliance with the Level 2 Portfolio Test, 7.0 years.
Sample 1
Maximum Weighted Average Life means, as of any date of determination, the number of years listed in the following table which corresponds to such date of determination: As of any date of determination occurring during the period belowWeighted Average Life(in years)From and including the ClosingAmendment Date to and including the first Payment Date after the Amendment Date8.00[ ]From but excluding the first Payment Date after the Amendment Date to and including the second Payment Date after the Amendment Date7.75[ ]From but excluding the second Payment Date after the Amendment Date to and including the third Payment Date after the Amendment Date7.50[ ]From but excluding the third Payment Date after the Amendment Date to and including the fourth Payment Date after the Amendment Date7.25[ ]From but excluding the fourth Payment Date after the Amendment Date to and including the fifth Payment Date after the Amendment Date7.00[ ]From but excluding the fifth Payment Date after the Amendment Date to and including the sixth Payment Date after the Amendment Date6.75[ ]From but excluding the sixth Payment Date after the Amendment Date to and including the seventh Payment Date after the Amendment6.50[ ]As of any date of determination occurring during the period belowWeighted Average Life(in years)Date From but excluding the seventh Payment Date after the Amendment Date to and including the eighth Payment Date after the Amendment Date6.25[ ]From but excluding the eighth Payment Date after the Amendment Date to and including the ninth Payment Date after the Amendment Date6.00[ ]From but excluding the ninth Payment Date after the Amendment Date to and including the tenth Payment Date after the Amendment Date5.75[ ]From but excluding the tenth Payment Date after the Amendment Date to and including the eleventh Payment Date after the Amendment Date5.50[ ]From but excluding the eleventh Payment Date after the Amendment Date to and including the twelfth Payment Date after the Amendment Date5.25[ ]From but excluding the twelfth Payment Date after the Amendment Date to and including the thirteenth Payment Date after the Amendment Date5.00[ ]From but excluding the thirteenth Payment Date after the Amendment Date to and including the fourteenth Payment Date after the Amendment Date4.75[ ]From but excluding the fourteenth Payment Date after the Amendment Date to and including the fifteenth Payment Date after the Amendment Date4.50[ ]From but excluding the fifteenth Payment Date after the Amendment Date to and...
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Related to Maximum Weighted Average Life

  • Weighted Average Life As of any date of determination with respect to all Collateral Obligations other than Defaulted Obligations, the number of years following such date obtained by summing the products obtained by multiplying:

  • Maximum Weighted Average Life Test means a test that will be satisfied on any date of determination if the Weighted Average Life of the Collateral Loans as of such date is less than or equal to seven (7.0) years.

  • Remaining Weighted Average Life of an Equipment Note, at the redemption date of such Equipment Note, means the number of days equal to the quotient obtained by dividing: (i) the sum of the products obtained by multiplying (A) the amount of each then remaining installment of principal, including the payment due on the maturity date of such Equipment Note, by (B) the number of days from and including the redemption date to but excluding the scheduled Payment Date of such principal installment by (ii) the then unpaid principal amount of such Equipment Note.

  • Weighted Average Life Test means, as of any date of determination, that the Weighted Average Life of all Eligible Loan Assets is equal to or less than 6.0 years.

  • Weighted Average Life to Maturity means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity 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.

  • Weighted Average means a ratio of the weight of the investment by the financial market participant in an investee company in relation to the enterprise value of the investee company;

  • Volume Weighted Average Price means, for any security as of any date, the daily dollar volume-weighted average price for such security on the Primary Market as reported by Bloomberg through its “Historical Prices – Px Table with Average Daily Volume” functions, or, if no dollar volume-weighted average price is reported for such security by Bloomberg, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported in the "pink sheets" by Pink Sheets LLC.

  • Weighted Average Price means, for any security as of any date, the dollar volume-weighted average price for such security on the Principal Market during the period beginning at 9:30:01 a.m., New York time (or such other time as the Principal Market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as the Principal Market publicly announces is the official close of trading), as reported by Bloomberg through its “Volume at Price” function or, if the foregoing does not apply, the dollar volume-weighted average price of such security in the over-the-counter market on the electronic bulletin board for such security during the period beginning at 9:30:01 a.m., New York time (or such other time as such market publicly announces is the official open of trading), and ending at 4:00:00 p.m., New York time (or such other time as such market publicly announces is the official close of trading), as reported by Bloomberg, or, if no dollar volume-weighted average price is reported for such security by Bloomberg for such hours, the average of the highest closing bid price and the lowest closing ask price of any of the market makers for such security as reported on the Pink Open Market. If the Weighted Average Price cannot be calculated for a security on a particular date on any of the foregoing bases, the Weighted Average Price of such security on such date shall be the fair market value as mutually determined by the Company and the Holder. If the Company and the Holder are unable to agree upon the fair market value of such security, then such dispute shall be resolved pursuant to Section 12 with the term “Weighted Average Price” being substituted for the term “Exercise Price.” All such determinations shall be appropriately adjusted for any stock dividend, stock split, stock combination, reclassification or other similar transaction during the applicable calculation period.

  • Weighted Average Spread means, with respect to Floating Rate Obligations (in each case excluding Defaulted Loans), as of any date, the number obtained by:

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by:

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investments, by the outstanding principal balance of such Floating Rate Portfolio Investments as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments and rounding the result up to the nearest 0.01%.

  • Minimum Weighted Average Spread Test means a test that will be satisfied on any date of determination if the Weighted Average Spread of all Eligible Collateral Obligations included in the Collateral on such date is equal to or greater than 5.00%.

  • Weighted Average Yield means, with respect to any Loan on any date of determination, the weighted average yield to maturity, in each case, based on the interest rate applicable to such Loan on such date and giving effect to all upfront or similar fees or original issue discount payable with respect to such Loan.

  • Weighted Average Pass-Through Rate For any Distribution Date, the weighted average of the Pass-Through Rates on the Mortgage Loans as of the second preceding Due Date (after giving effect to the payments due on the Mortgage Loans on that Due Date).

  • Remaining Average Life means, with respect to any Called Principal, the number of years (calculated to the nearest one-twelfth year) obtained by dividing (i) such Called Principal into (ii) the sum of the products obtained by multiplying (a) the principal component of each Remaining Scheduled Payment with respect to such Called Principal by (b) the number of years (calculated to the nearest one-twelfth year) that will elapse between the Settlement Date with respect to such Called Principal and the scheduled due date of such Remaining Scheduled Payment.

  • Minimum Weighted Average Coupon Test means a test that will be satisfied on any Measurement Date if the Weighted Average Coupon equals or exceeds 7.0%.

  • Weighted Average Interest Rates means, with respect to any Outstanding Notes of a class or tranche of the MBNAseries, or of all of the Outstanding Notes of the MBNAseries, on any date, the weighted average (weighted based on the Outstanding Dollar Principal Amount of the related Notes on such date) of the following rates of interest:

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Obligations included in the Adjusted Aggregate Eligible Collateral Obligation Balance, the number obtained by (i) summing the products obtained by multiplying (a) the Advance Rate of each such Eligible Collateral Obligation by (b) such Eligible Collateral Obligation’s contribution to the Adjusted Aggregate Eligible Collateral Obligation Balance and (ii) dividing such sum by the Adjusted Aggregate Eligible Collateral Obligation Balance.

  • Average Life Date means, for each Equipment Note to be redeemed, the date which follows the redemption date by a period equal to the Remaining Weighted Average Life at the redemption date of such Equipment Note. “Remaining Weighted Average Life” of an Equipment Note, at the redemption date of such Equipment Note, means the number of days equal to the quotient obtained by dividing: (i) the sum of the products obtained by multiplying (A) the amount of each then remaining installment of principal, including the payment due on the maturity date of such Equipment Note, by (B) the number of days from and including the redemption date to but excluding the scheduled Payment Date of such principal installment by (ii) the then unpaid principal amount of such Equipment Note.

  • 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.

  • Weighted Average Net Mortgage Interest Rate As to any Distribution Date, a rate per annum equal to the average, expressed as a percentage of the Net Mortgage Interest Rates of all Mortgage Loans that were Outstanding Mortgage Loans as of the Due Date in the month preceding the month of such Distribution Date, weighted on the basis of the respective Scheduled Principal Balances of such Mortgage Loans.

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Fully Diluted Weighted Average Basis means, when calculating the number of Outstanding Units for any period, a basis that includes (a) the weighted average number of Outstanding Units during such period plus (b) all Partnership Interests and Derivative Partnership Interests (i) that are convertible into or exercisable or exchangeable for Units or for which Units are issuable, in each case that are senior to or pari passu with the Subordinated Units, (ii) whose conversion, exercise or exchange price, if any, is less than the Current Market Price on the date of such calculation, (iii) that may be converted into or exercised or exchanged for such Units prior to or during the Quarter immediately following the end of the period for which the calculation is being made without the satisfaction of any contingency beyond the control of the holder other than the payment of consideration and the compliance with administrative mechanics applicable to such conversion, exercise or exchange and (iv) that were not converted into or exercised or exchanged for such Units during the period for which the calculation is being made; provided, however, that for purposes of determining the number of Outstanding Units on a Fully Diluted Weighted Average Basis when calculating whether the Subordination Period has ended or Subordinated Units are entitled to convert into Common Units pursuant to Section 5.7, such Partnership Interests and Derivative Partnership Interests shall be deemed to have been Outstanding Units only for the four Quarters that comprise the last four Quarters of the measurement period; provided, further, that if consideration will be paid to any Group Member in connection with such conversion, exercise or exchange, the number of Units to be included in such calculation shall be that number equal to the difference between (x) the number of Units issuable upon such conversion, exercise or exchange and (y) the number of Units that such consideration would purchase at the Current Market Price.

  • Average Daily Flow means the cumulative total sewage flow to the sewage works during a calendar year divided by the number of days during which sewage was flowing to the sewage works that year;

  • Net WAC Cap Rate With respect to any Distribution Date, the product of (i) a per annum rate equal to the weighted average of the Net Mortgage Rates (or, if applicable, the Modified Net Mortgage Rates) using the Net Mortgage Rates in effect for the Monthly Payments due on such Mortgage Loans during the related Due Period, weighted on the basis of the respective Stated Principal Balances thereof for such Distribution Date and (ii) a fraction equal to 30 divided by the actual number of days in the related Interest Accrual Period.