Weighted Average CP Rate definition
Weighted Average CP Rate means, with respect to any Series 2009-1 Interest Period, the weighted average of the CP Rates applicable to each Advance funded or maintained during such Series 2009-1 Interest Period through the issuance of Series 2009-1 Commercial Paper.
Weighted Average CP Rate means for any date of determination the ------------------------ average of CP Rates as of such dates for all tranches of outstanding Commercial Paper, weighted by the outstanding Commercial Paper in each tranche.
Weighted Average CP Rate means for any date of determination the
More Definitions of Weighted Average CP Rate
Weighted Average CP Rate means, for any period and a CP Vehicle, the per annum rate equivalent to the "CP Costs" (as defined below) related to the issuance of Commercial Paper that is allocated, in whole or in part, by such CP Vehicle or its Funding Agent to fund or maintain such CP Vehicle's VFN Series 2003-3 Notes (and which may also be allocated in part to the funding of other assets of such CP Vehicle); provided, however, that if any component of such rate is a discount rate, in calculating the "Weighted Average CP Rate" for such period, such CP Vehicle shall for such component use the rate resulting from converting such discount rate to an interest-bearing equivalent rate per annum. As used in this definition, a CP Vehicle's "CP Costs" shall consist of (a) the actual interest rate (or discount) paid to purchasers of such CP Vehicle's Commercial Paper, together with the commissions of placement agents and dealers in respect of such Commercial Paper, to the extent such commissions are allocated, in whole or in part, to such Commercial Paper by such CP Vehicle or its Funding Agent, (b) certain documentation and transaction costs directly associated with the issuance of such Commercial Paper, as are customarily charged by such CP Vehicle to its customers in similar transactions, (c) any incremental costs incurred with respect to Commercial Paper maturing on dates other than those on which corresponding funds are received by such CP Vehicle, and (d) other borrowings by such CP Vehicle (other than under any Support Agreement), including borrowings to fund small or odd dollar amounts that are not easily accommodated in the commercial paper market, in each case, without any duplication. In addition to the foregoing costs, if the Transferor shall request any increase in the Note Initial Principal Balance during any period of time determined by the applicable Funding Agent in its sole discretion to result in incrementally higher CP Costs applicable to the principal amount associated with such increase, the principal amount associated with such increase shall, during such period, be deemed to be funded by the CP Vehicle in a special pool (which may include principal amounts or capital amounts associated with other receivables financing facilities or receivables purchase facilities) for purposes of determining such additional CP Costs applicable only to such special pool and charged each day during such period against such principal amount. Each capitalized term defined herein shall rela...