Weighted Average Fixed Rate definition

Weighted Average Fixed Rate means, in respect of a Calculation Period, the weighted average (by Outstanding Principal Balance) of the fixed rates of interest charged to borrowers of Fixed Rate Loans during the relevant Calculation Period as notified by the Cash Manager in accordance with the provisions of the Cash Management Agreement.

Weighted Average Fixed Rate has the meaning given to it in the Interest Rate Swap Agreement;

Weighted Average Fixed Rate means, in respect of a Swap Determination Period, the rate equal to the weighted average of the fixed rates of interest charged to borrowers of Fixed Rate Mortgage Loans as at the start of business on the first day of such Swap Determination Period (the weighted average being calculated by reference to the then outstanding current balances of such Fixed Rate Mortgage Loans as at that date) as notified by the Cash Manager to the Calculation Agent in accordance with the provisions of the Cash Management Agreement.

Examples of Weighted Average Fixed Rate in a sentence

• These components, which will be manufactured outside the United States, concern the reactor vessel and the steam generators.

• Weighted Average Fixed Rate SONIA Spread means, in respect of an Interest Period, the sum of the Daily Fixed Rate SONIA Spread for each day in that Interest Period divided by the number of days in that Interest Period.

• Any Gross Fixed Rate Excess may be used to help satisfy the Minimum Weighted Average Spread, and any Gross Spread Excess may be used to help satisfy the Minimum Weighted Average Fixed Rate Coupon.

• Weighted Average Fixed Rate means, in respect of a Calculation Period, the weighted average (by Outstanding Principal Balance) of the fixed rates of interest charged to borrowers of Relevant Fixed Rate Loans on the first day of the relevant Calculation Period as notified by the Cash Manager in accordance with the provisions of the Cash Management Agreement.

• Daily Weighted Average Fixed Rate Payer I Calculation Amount:For any Fixed Rate Payer I Calculation Period an amount equal to the sum of the Fixed Rate Payer I Calculation Amount for each day during such Fixed Rate Payer I Calculation Period divided by the number of days in such Fixed Rate Payer I Calculation Period.

More Definitions of Weighted Average Fixed Rate

Weighted Average Fixed Rate means, in respect of a Determination Period, the rate equal to the weighted average of the fixed rates of interest charged to borrowers of Fixed Rate Mortgage Loans as at the start of business on the first day of such Determination Period (the weighted average being calculated by reference to the then outstanding current balances of such Fixed Rate Mortgage Loans as at that date) as notified by the Cash Manager to the Calculation Agent in accordance with the provisions of the Cash Management Agreement.

Weighted Average Fixed Rate means, in respect of any Interest Payment Date, the interest scheduled to have been received in respect of the Fixed Rate Loans in the Mortgage Pool during the Relevant Period divided by the average of the aggregate of the Principal Balance of the Fixed Rate Loans in the Mortgage Pool as of the third business day of each of the calendar months falling during such Interest Period.

Weighted Average Fixed Rate means, in respect of a Calculation Period, the weighted average of the fixed rates of interest charged to borrowers of Relevant Fixed Rate Loans on the first day of the relevant Calculation Period as notified by the Cash Manager in accordance with the provisions of the Cash Management Agreement.

Weighted Average Fixed Rate means a per annum rate of 4.27%.

Weighted Average Fixed Rate means, as of any date of determination, the weighted average of the following per annum rates: (a) [the sum of] [•]% [plus the Class A Swap Rate], (b) [the sum of] [•]% [plus the Class M Swap Rate], (c) [the sum of] [•]% [plus the Class B Swap Rate] [,][and] (d) [the sum of] [•]% [plus the Class C Swap Rate] [and (e) [the sum of] [•]% [plus the Class D Swap Rate], weighted based on the initial outstanding principal amount of the Class A notes, the Class M notes, [the Class B notes][,][ and] [the Class C notes] [and the Class D Notes], which shall equal a per annum rate of [•]%.]

Weighted Average Fixed Rate means, in respect of an Issuer Calculation Period, the weighted average (by outstanding current balance) of the fixed rates of interest as of the first day of the relevant Issuer Calculation Period charged to borrowers of Fixed Rate Mortgage Loans which are Performing Mortgage Loans as notified to the Calculation Agent by the Issuer Cash Manager in accordance with the provisions of the Issuer Cash Management Agreement.

Weighted Average Fixed Rate has the meaning given to it in the Interest Rate Swap Agreement; and Zero Coupon Covered Bonds means Covered Bonds which will be offered and sold at a discount to their nominal amount and which will not bear interest.