Weighted Average Fixed Rate Coupon definition

Weighted Average Fixed Rate Coupon means, as of any date, the number, expressed as a percentage, determined by summing the products obtained by multiplying: The sum, for each Fixed Rate Obligation, of the stated interest coupon on such Collateral Obligation X The Principal Balance of such Collateral Obligation (excluding the unfunded portion of any Delayed Drawdown Collateral Loans or Revolving Collateral Loans) the Aggregate Principal Balance of all Fixed Rate Obligations as of such date (in each case, excluding the unfunded portion of any Delayed Drawdown Collateral Loans or Revolving Collateral Loans that are Fixed Rate Obligations); provided that if the foregoing amount is less than 10.00%, then all or a portion of the Weighted Average Fixed Rate Coupon Adjustment, if any, as of such date, to the extent not exceeding such shortfall, shall be added to such result.

Weighted Average Fixed Rate Coupon means, as of any date, the number, expressed as a percentage, determined by summing the products obtained by multiplying:

Weighted Average Fixed Rate Coupon. As of any Measurement Date, the number (expressed as a percentage) obtained by dividing: (a) the Aggregate Coupon by (b) the Aggregate Principal Amount of all Fixed Rate Collateral Obligations as of such Measurement Date.

Examples of Weighted Average Fixed Rate Coupon 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 Coupon

Weighted Average Fixed Rate Coupon means, as of any Measurement Date, the sum (rounded up to the next 0.001%):

Weighted Average Fixed Rate Coupon. As of any date, the number, expressed as a percentage obtained by dividing (a) an amount equal to the sum of the products of (x) for each Fixed Rate Obligation, the stated interest coupon on such Collateral Obligation and (y) the Principal Balance of such Collateral Obligation (excluding the unfunded portion of any Delayed Drawdown Collateral Obligations or Revolving Collateral Obligations); by an amount equal to the Aggregate Principal Balance of all Fixed Rate Obligations as of such date (in each case, excluding any PIK Loan to the extent of any non-cash interest and excluding the unfunded portion of any Delayed Drawdown Collateral Obligations or Revolving Collateral Obligations that are Fixed Rate Obligations); provided that if the foregoing amount is less than 7.00%, then all or a portion of the Weighted Average Fixed Rate Coupon Adjustment, if any, as of such date, to the extent not exceeding such shortfall, shall be added to such result.

Weighted Average Fixed Rate Coupon means, as of any date, the number, expressed as a percentage, determined by summing the

Weighted Average Fixed Rate Coupon means, as of any Measurement Date, the sum (rounded up to the next 0.001%) obtained by (i) multiplying the Principal Balance of each Fixed Rate Collateral Interest (except Collateral Interests that are currently deferring interest) held in the portfolio as of such date by the then-current interest rate, (ii) summing the amounts determined pursuant to clause (i) for all Fixed Rate Collateral Interests held in the portfolio as of such date and (iii) dividing such sum by the aggregate Principal Balance of all Fixed Rate Collateral Interests held in the portfolio as of such date; provided that for purposes of calculating the Weighted Average Fixed Rate Coupon of Collateral Interests that are Impaired Interests, the Written Down Amount with respect to Written Down Interests and Equity Interests will be excluded, except for those Impaired Interests that at the time of such calculation have fully become current on all past due interest and scheduled principal and are paying full current interest in cash pursuant to the terms of their respective Underlying Instrument.

Weighted Average Fixed Rate Coupon means, as of any Measurement Date, the number, expressed as a percentage, obtained by summing for all fixed rate Collateral Debt Obligations (excluding Deferring Obligations) the following product obtained with respect to each such Collateral Debt Obligation (each result rounded up to the nearest 0.01%):

Weighted Average Fixed Rate Coupon means, as of any date of determination, a rate equal to a fraction (expressed as a percentage) obtained by (i) multiplying the Principal Balance of each Fixed Rate Collateral Debt Obligation held in the Trust Estate as of such date by the current per annum rate at which it pays interest (excluding only the portion of any Deferrable Collateral Debt Obligation which is currently deferring interest or paying such interest in kind),

Weighted Average Fixed Rate Coupon means, as of any Measurement Date, the sum (rounded up to the next 0.001%) of the number obtained by (i) multiplying the Principal Balance of each Fixed Rate Collateral Interest (except Collateral Interests that are currently deferring interest) held in the portfolio as of such date by the then-current interest rate, (ii) summing the amounts determined pursuant to clause (i) for all Fixed Rate Collateral Interests held in the portfolio as of such date and (iii) dividing such sum by the aggregate Principal Balance of all Fixed Rate Collateral Interests held in the portfolio as of such date; provided that for purposes of calculating the Weighted Average Fixed Rate Coupon of Collateral Interests that are Impaired Interests, the Written Down Amount with respect to Written Down Interests and Equity Interests will be excluded, except for those Impaired Interests that at the time of such calculation have fully become current on all past due interest and scheduled principal and are paying full current interest in cash pursuant to the terms of their respective Underlying Instrument.