Weighted Average FICO Score definition

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

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:

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.

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).
Weighted Average Coupon of Conduit Net Eligible Loans 0.0 % Weighted Average Remaining Maturity of Conduit Net Eligible (months) 0.0 Weighted Average Seasoning of Conduit Net Eligible (months) 0.0 Weighted Average FICO Score 0 Total Number of Loans 0 Credit Suisse $ — 100.00 % $ — 100.00 % $ — 100.00 % $ — 0.00 % $ — 0.00 % $ — 0.00 % The undersigned, an officer of Diamond Resorts Financial Services, Inc.
N/A 3 months Weighted Average FICO Score...............................
FICO Score at time of origination for all Obligors of Eligible Receivables to be less than 740, the portion of the aggregate Principal Balance of all Eligible Receivables in the Receivable Pool attributable to all such Receivables causing such Weighted Average FICO Score to be below 740.

More Definitions of Weighted Average FICO Score

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.

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 current 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. 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 Loan-to-Value: The weighted average Loan-to-Value 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 its date of origination.]

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, with respect to any pool of Eligible Receivables as of any date of determination, the ratio (expressed as a number) obtained by (a) summing the products obtained by multiplying, for each such Eligible Receivable as of such date and in respect of which the related Obligor has a FICO Score: The FICO Score of the Obligor of such Eligible Receivable X The Discounted Receivable Balance of such Eligible Receivable as of such date and (b) dividing such sum by the Aggregate Discounted Receivable Balance of such pool of Eligible Receivables in respect of which the related Obligor has a FICO Score as of such date of determination.