Weighted Average FICO Score. The weighted average FICO score of the Additional Receivables weighted on the basis of (i) the original undiscounted Principal Balance and (ii) the remaining maturity of each such Receivable as of the Initial Cutoff Date, excluding Receivables with respect to which the Obligor is a business account and Receivables for which no FICO score is available.
Weighted Average FICO Score means as of any specified date the weighted average FICO Score for all Receivables with a FICO Score included in the Financed Pool of Eligible Receivables as of such date.
Weighted Average FICO Score means, as of any date of determination with respect to all Collateral Receivables for which a FICO Score has been obtained around the time the Receivable was originated, the ratio (expressed as a number) obtained by summing the products obtained by multiplying: The FICO Score of the related Obligor as of the Credit Approval Date X The principal balance of such Collateral Receivable as of such date of determination and dividing such sum by the Receivable Balance of all Collateral Receivables as of such date of determination for which a FICO Score has been obtained around the time the Receivable was originated.
Examples of Weighted Average FICO Score in a sentence
Borrower shall at all times after the Revolving Credit Period during which the outstanding principal balance of the Loan is less than the Portfolio LTV Threshold cause the Weighted Average FICO Score of the Financed Pool of Eligible Receivables consisting of Eligible A Receivables which have a FICO Score to be equal to or greater than six hundred fifty (650).
More Definitions of Weighted Average FICO Score
Weighted Average FICO Score means, as of any date of determination, the sum of the weighted FICO Scores calculated for each FICO Score as follows: (i) the sum of the aggregate Outstanding Principal Balance of all Closed-End Assets owed by Obligors for such FICO Score, divided by the sum of the aggregate Outstanding Principal Balance of all Closed-End Assets for all FICO Scores, excluding any FICO Score of zero and any Obligors with no FICO Scores, multiplied by (ii) such FICO Score.”
Weighted Average FICO Score means, as of any date of determination, the weighted average (weighted solely based upon the Outstanding Balances of the Eligible Receivables owed by the applicable Obligors as of such date of determination) of the FICO Scores of the Obligors related to all Eligible Receivables as of such date of determination.
Weighted Average FICO Score means, at any time with respect to a group of Purchased Mortgage Loans, the weighted average of all FICO Scores for such Purchased Mortgage Loans, weighted on the basis of the original Outstanding Principal Balance of such Purchased Mortgage Loans.
Weighted Average FICO Score means the weighted average FICO score of all the Obligors in respect of Eligible Receivables at the time such Obligors purchased the related Timeshare Property. For the purposes of determining the Weighted Average FICO Score, Obligors for whom no FICO score is available will be deemed to have a FICO score of 550.
Weighted Average FICO Score means the weighted average FICO score, at the time such Obligors purchased the related Timeshare Property, of all the Obligors in respect of Eligible Receivables that are included in the determination of Net Eligible Receivable Balance.”
Weighted Average FICO Score means, as of the last day of any Settlement Period, the weighted average FICO Score of the Obligors of the Pledged Student Loans not subject to a Guarantee as of such Settlement Date.
Weighted Average FICO Score means, as of any date of determination with respect to all Eligible Home Improvement Loans owned by the Borrower on such date, the number obtained by (a) summing the products obtained by multiplying (i) the FICO Score applicable to each such Eligible Home Improvement Loan times (ii) the Home Improvement Loan Balance of each such Eligible Home Improvement Loan and (b) dividing such sum by the Aggregate Home Improvement Loan Balance as of such date of determination.