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

• Additionally, any future anticipated tax liabilities of an Issuer Subsidiary related to an Issuer Subsidiary Asset (including Letters of Credit) will be excluded from the calculation of the Weighted Average Spread, the Weighted Average Fixed Rate Coupon and the Interest Coverage Ratios.

• Kathleen Fitzgibbon, who worked in a factory in the same time period, described women’s place as ‘in the house, the home.

• The Diversity Test, the Moody's Weighted Average Rating Factor Test, the Minimum Weighted Average Spread Test (including the test of the Minimum Weighted Average Fixed Rate Coupon set forth therein), the Weighted Average Life Test and the Moody’s Weighted Average Recovery Rate Test, the S&P Minimum Weighted Average Recovery Rate Test and (during the Reinvestment Period) the S&P CDO Monitor Test.

• The Loan Parties shall, with respect to any Person admitted as a substitute or new Investor (whether due to a transfer by an existing Investor or otherwise) (a “Subsequent Investor”), promptly (and, in any event no later than five (5) Business Days after the admission of such Subsequent Investor) notify the Administrative Agent of the identity of such Investor and deliver documentation similar to that described in Section 7.01(l) with respect thereto.

• As of any Measurement Date, the product of (a) the greater of zero and the excess, if any, of the Weighted Average Fixed Rate Coupon (determined without inclusion of the Gross Spread Excess, if any) for such Measurement Date over the Minimum Weighted Average Fixed Rate Coupon for such Measurement Date and (b) the Aggregate Principal Balance of all Fixed Rate Collateral Debt Obligations held by the Issuer as of such Measurement Date.

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.