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.

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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

In the event that both the Train 3 Condition and the Train 4 Condition have not been satisfied prior to the Measurement Date, the adjustments set forth in Section 5.12(b)(ix)(B) shall apply solely to the Weighted Average Interest Rate of Debt for Train 1 and Train 2, and the Class B Conversion Value of each Class B Unit shall, if applicable, be increased on the Measurement Date accordingly.
In the event that the Lender’s cost of funds for the monies funded or to be funded in the relevant advance is at more than one of the Applicable Interest Rates, the parties hereto agree to split the Tranche into two or more Sub-Tranches, as appropriate, so that each Sub-Tranche bears a 14%, 15% or 16% rate of interest and the Tranche bears a rate of interest equal to the Weighted Average Interest Rate based on the amounts and the Applicable Interest Rates for the Sub-Tranches.
Any such interest shall accrue at the Weighted Average Interest Rate from the date the related Quarterly Payment was due.
Any such interest shall accrue at the Weighted Average Interest Rate from the date the Company paid the Quarterly Payment.
Per: Name: Title: Name of Seller Interest Rate of Mortgages Highest % Lowest % Weighted Average Amortization Period/as applicable Months Index Rate or Prime Rate at Cut-Off Date % Weighted Average Interest Rate % Total Number of Eligible Loans Aggregate Current Balance as of Cut-Off Date Aggregate credit limit as of Cut-Off Date SCHEDULE 2.2(g)(1) FORM OF SELLER ASSIGNMENT THIS ASSIGNMENT made this • day of •, 20•.

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, 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.

Weighted Average Interest Rate means, with respect to any Collection Period and the related Payment 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 Payment Date (or, in the case of the first Payment 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 Payment Date (or, in the case of the first Payment 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 Payment Date (or, in the case of the first Payment 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 Payment Date.