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, 6.0 years, declining by 0.25 years for each Collection Period elapsed during the Replenishment Period.
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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.”.
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Examples of Maximum Weighted Average Life in a sentence

  • 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.

  • 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.

  • After the Effective Date, S&P will provide the Collateral Manager with the Class Break-even Default RatesRate for each S&P CDO Monitor based upon the Weighted Average S&P Floating Spread, and the S&P Minimum Weighted Average Recovery Rate and the S&P Maximum Weighted Average Life to be associated with such S&P CDO Monitor as selected by the Collateral Manager (with a copy to the Collateral Administrator) from time to time.

  • 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 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.

  • 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..

  • Maximum Weighted Average Life: As of any date of determination, the number of years (rounded to the nearest one hundredth thereof) during the period from such date of determination to December 9January 15, 2022 2028.MCSL: Maples Compliance Services (Cayman) Limited, a company incorporated in the Cayman Islands with its principal office at P.O. Box 1093, Queensgate House, Grand Cayman KYI-1102, Cayman Islands.

  • 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.

  • For so long as any of the Rated Notes are Outstanding: (a) the Minimum Weighted Average Spread Test; (b) the Minimum Weighted Average Fixed Coupon Test; and (c) the Maximum Weighted Average Life Test.


More Definitions of Maximum Weighted Average Life

Maximum Weighted Average Life. 8.5 years.
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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.
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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 means, as of any date, with respect to any debt security, the quotient obtained by dividing (i) the sum of the products of the number of years from such date to the dates of each successive scheduled principal payment (including any sinking fund payment requirements) of such debt security multiplied by the amount of such principal payment, by (ii) the sum of all such principal payments.

  • 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.

  • Weighted Average Life Test means a test that is satisfied at any such time if the Weighted Average Life as calculated on the date of determination is less than or equal to 5.5 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.

  • 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, as of any day, the number expressed as a percentage equal to (i) the Aggregate Funded Spread divided by (ii) the Aggregate Eligible Collateral Obligation Amount (excluding any interest that has been deferred and capitalized on any Deferrable Collateral Obligation).

  • 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 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 Advance Rate means, as of any date of determination with respect to all Eligible Loan Assets included in the Aggregate Adjusted Borrowing Value, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Loan Asset by (ii) such Eligible Loan Asset's contribution to the Aggregate Adjusted Borrowing Value and dividing (b) such sum by the Aggregate Adjusted Borrowing Value.

  • 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.

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