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:
Maximum Weighted Average Life means, as of the Closing Date, 6.0 years, declining by 0.25 years for each Collection Period elapsed during the Replenishment Period.
Maximum Weighted Average Life. 8.0 years.
Examples of Maximum Weighted Average Life in a sentence
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.
The Borrower (and the Servicer on its behalf) shall not consent to any extension or postponement of the maturity date with respect to any Collateral Loan without the prior written consent of the Administrative Agent; provided that the prior written consent of the Administrative Agent shall not be required if, after giving effect to such extension or postponement, the Maximum Weighted Average Life Test is satisfied.
More Definitions of Maximum Weighted Average Life
Maximum Weighted Average Life means, on any Measurement Date, the number of years (rounded up to the nearest one hundredth thereof) during the period from such Measurement Date to 16 Jan 2029.
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.