Examples of Weighted Average Life in a sentence
The Portfolio Manager may not consent to solicitations by issuers of Collateral Obligations to extend the maturity of such Collateral Obligations unless (x) either (i) the maturity of the new Collateral Obligation is not later than the Stated Maturity or (ii) the Aggregate Principal Balance of Long-Dated Obligations is not more than 6% of the Collateral Principal Amount and (y) if the solicitation is after the Reinvestment Period, the Weighted Average Life Test is satisfied.
The expectations expressed under "Weighted Average Life of the Notes" should be viewed as estimates only and no assurance is given that the expectations expressed therein will be realised.
The estimated Weighted Average Life must therefore be viewed with considerable caution and Noteholders should make their own assessment thereof.
The Weighted Average Life of the Notes is subject to factors largely outside the control of the Issuer and consequently no assurance can be given that the estimate and assumption in Section 4 will prove in any way to be correct.