Weighted Average Interest Rate definition
Weighted Average Interest Rate means, for each Settlement Period (determined as of the last day of each calendar month), the sum, for all Loans, of the amount determined in respect of each Loan by multiplying (i) a fraction, the numerator of which is the Unpaid Balance of such Loan and the denominator of which is the Unpaid Balance of all Loans, multiplied by (ii) the applicable interest rate for such Loan; provided that each Retailer Adjusted Loan shall have an interest rate of zero for purposes of this definition.
Weighted Average Interest Rate. As of any date of determination, the ------------------------------ per annum rate equal to the weighted average (by Class Principal Balance) of the Interest Rates applicable to the Classes of Securities.
Weighted Average Interest Rate. As of any particular date of determination, the sum (expressed as a percentage) of:
Examples of Weighted Average Interest Rate in a sentence
Unless otherwise provided for herein, interest shall be payable on Borrowings from the date of borrowing, at the Weighted Average Interest Rate for Short Term Notes then outstanding from the Province of Saskatchewan to SaskEnergy Incorporated.
In the event that no Short Term Notes are outstanding, or the Weighted Average Interest Rate for Short Term Notes is otherwise incapable of calculation, interest shall be payable at the Weighted Average Interest Rate earned on Short Term Investments held by SaskEnergy.
More Definitions of Weighted Average Interest Rate
Weighted Average Interest Rate means the net interest cost of the bonds derived by adding together all the interest payments for the term of the Bonds and dividing that sum by the sum amount of each bond multiplied by the number of years it is outstanding.
Weighted Average Interest Rate means the average effective interest rate of the tranches of notes comprising the Debt Financing (taking into account original issue discount with respect to such notes, if any), weighted in proportion to the principal amount of notes comprising such tranche.
Weighted Average Interest Rate means the weighted average interest rate for a Tranche based on the size of, and the Applicable Interest Rates for, the Sub-Tranches comprising the Tranche.
Weighted Average Interest Rate means, for any Payment Period, a fraction expressed as a percentage equal to the sum of (i) the Class A Note Rate in effect for such Payment Period multiplied by the Weighted Average Class Percentage for the Class A Notes for such Payment Period and (ii) the Class B Note Rate in effect for such Payment Period multiplied by the Weighted Average Class Percentage for the Class B Notes for such Payment Period.
Weighted Average Interest Rate means, as of the date of calculation, the quotient of (i) the summation of the total annual interest payments to be made on all of the Loans outstanding on such date (calculated by multiplying (x) the interest rate specified for each outstanding Loan by (y) the outstanding principal balance of such outstanding Loan as of such date), divided by (ii) the aggregate outstanding principal balance of all such Loans as of such date."
Weighted Average Interest Rate means, with respect to any Collection Period and the related Distribution Date, a per annum rate equal to (i) the sum of (a) the product of the Interest Rate for each outstanding Class of Notes and the aggregate principal amount of such Class of Notes as of the immediately preceding Distribution Date (or, in the case of the first Distribution Date, the aggregate initial principal amount of the Notes) and (b) the product of the Certificate Rate and the Certificate Balance as of the immediately preceding Distribution Date (or, in the case of the first Distribution Date, the Original Certificate Balance) divided by (ii) the sum of the aggregate principal amount of the Notes and the Certificate Balance as of the immediately preceding Distribution Date (or, in the case of the first Distribution Date, the aggregate initial principal amount of the Notes and the Original Certificate Balance), in each case after giving effect to any principal payment made on such preceding Distribution Date.
Weighted Average Interest Rate. ’ means, at any time, the average of the rates of interest applicable to each class of the Term Advances (where the rate of interest for the Initial Term A1 Advance, the Second Term A3 Advance, the Second Term B2 Advance and, on and following the Class B1 Step-Up Date, the Initial Term B1 Advance shall be deemed to be the applicable fixed rate payable by the Initial Borrower under the Issuer/Borrower Swap Agreement) weighted according to their respective principal amounts.