Remaining Average definition

Remaining Average. Life shall mean, with respect to a Loan on any date, the ---------------------- number of years (calculated to the nearest one-twelfth year) obtained by dividing (a) the sum of the products obtained by multiplying (i) each remaining principal payment (but not interest thereon) by (ii) the number of years (calculated to the nearest one-twelfth year) which will elapse between the date of determination and the scheduled due date of such remaining principal payment by (b) the outstanding principal balance of the Loan.
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Remaining Average means, with respect to the Called Principal of any Note, the number of years (calculated to the nearest one-twelfth year) obtained by dividing such Called Principal into S AMENDED RESTATED NOTE AND each Remaining Scheduled Payment of such Called (but not of interest thereon) by 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.
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Remaining Average. Life shall mean, with respect to the Called Principal of any Note, 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) each Remaining Scheduled Payment of such Called Principal (but not of interest thereon) by (b) the number of years (calculated to the nearest one-twelfth year) which will elapse between the Settlement Date with respect to such Called Principal and the scheduled due date of such Remaining Scheduled Payment.
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Examples of Remaining Average in a sentence

  • Such implied yield will be determined, if necessary, by (a) converting U.S. Treasury bill quotations to bond-equivalent yields in accordance with accepted financial practice and (b) interpolating linearly between (1) the actively traded U.S. Treasury security with the maturity closest to and greater than the Remaining Average Life and (2) the actively traded U.S. Treasury security with the maturity closest to and less than the Remaining Average Life.

  • If there is no such U.S. Treasury constant maturity having a term equal to such Remaining Average Life, such implied yield to maturity will be determined by interpolating linearly between (1) the U.S. Treasury constant maturity so reported with the term closest to and greater than such Remaining Average Life and (2) the U.S. Treasury constant maturity so reported with the term closest to and less than such Remaining Average Life.

  • Such implied yield will be determined, if necessary, by (a) converting U.S. Treasury ▇▇▇▇ quotations to bond-equivalent yields in accordance with accepted financial practice and (b) interpolating linearly between (1) the actively traded U.S. Treasury security with the duration closest to and greater than the Remaining Average Life and (2) the actively traded U.S. Treasury security with the duration closest to and less than the Remaining Average Life.

  • The Premium Factor and Remaining Average Maturity shall be the respective amounts shown on the following chart for the month in which prepayment occurs.

  • The following table summarizes information about these stock options at December 31, 2003: Weighted Average Weighted Remaining Average Range of Number Outstanding Contractual Exercise Exercise Prices at December 31, 2003 Life Price --------------- -------------------- ----------- -------- $5.25 - $7.75 100,816 3.72 years $ 5.94 $8.00 - $9.13 45,620 7.61 years $ 8.52 $12.13 - $12.50 3,574 5.36 years $12.43 150,010 The 1995 Plan allows for the grant of restricted stock awards.

  • Such implied yield will be determined, if necessary, by (a) converting U.S. Treasury bill quotations to bond-equivalent yields in accordance with accepted financial practice and (b) interpolating linearly between (1) the actively traded U.S. Treasury security with the duration closest to and greater than the Remaining Average Life and (2) the actively traded U.S. Treasury security with the duration closest to and less than the Remaining Average Life.

  • If the Index does not list a rate for the applicable Treasury Note or Treasury ▇▇▇▇ corresponding to the Remaining Average Maturity, an interpolated rate based on the next higher and next lower Treasury Note or Treasury ▇▇▇▇ rate, as applicable, will be used (e.g. there is no four-year rate provided in the Index and it would therefore be calculated by interpolation using the rates for three-year and five-year Treasury Notes).

  • Such implied yield will be determined, if necessary, by (a) converting U.S. Treasury ▇▇▇▇ quotations to bond- equivalent yields in accordance with accepted financial practice and (b) interpolating linearly between (1) the actively traded U.S. Treasury security with the maturity closest to and greater than the Remaining Average Life and (2) the actively traded U.S. Treasury security with the maturity closest to and less than the Remaining Average Life.

  • Such implied yield will be determined, if necessary, by (a) converting U.S. Treasury ▇▇▇▇ quotations to bond- equivalent yields in accordance with accepted financial practice and (b) interpolating linearly between (1) the actively traded U.S. Treasury security with the duration closest to and greater than the Remaining Average Life and (2) the actively traded U.S. Treasury security with the duration closest to and less than the Remaining Average Life.

  • For purposes of calculating and confirming the Optional Repurchase Price, the Trustee shall be entitled to rely on the calculation of the Remaining Average Life, the calculation of the Remaining Scheduled Payments and the mathematical formula for determining the Discounted Value furnished to it by the Depositor, in each case absent manifest error.


More Definitions of Remaining Average

Remaining Average. Life is defined in Section 8.8.
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Remaining Average. Life shall mean, at any time of determination after the commencement of an Early Amortization Period, the number of years obtained by dividing the then Remaining Dollar-Years of the Fixed Base Certificates by the Fixed Base Invested Amount at such time. The term Remaining Dollar-Years means the amount obtained by (a) multiplying (i) the amount of each remaining payment with respect to the Fixed Base Certificates, assuming that such payments are made in the Controlled Amortization Amounts (using the Fixed Base Invested Amount at the time an Early Amortization Period commenced in order to calculate such Controlled Amortization Amounts) over the number of months comprising the Controlled Amortization Period, by (ii) the number of years (calculated to the nearest one-twelfth) which will elapse between the date as of which the calculation is made and each Distribution Date during the notional Controlled Amortization Period and (b) totaling all the products obtained in clause (a).
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Related to Remaining Average

  • 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.

  • Remaining Weighted Average Life on a given date with respect to any Equipment Note shall be the number of days equal to the quotient obtained by dividing (a) the sum of each of the products obtained by multiplying (i) the amount of each then remaining scheduled payment of principal of such Equipment Note by (ii) the number of days from and including such determination date to but excluding the date on which such payment of principal is scheduled to be made, by (b) the then outstanding principal amount of such Equipment Note.

  • Remaining Excess Spread With respect to any Distribution Date, the Excess Spread less any Extra Principal Distribution Amount, in each case for such Distribution Date.

  • Opening Average Share Value means the average, over the trading days in the Opening Average Period, of the closing price of a company’s stock multiplied by the Accumulated Shares for each trading day during the Opening Average Period.

  • 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%.