Weighted Average Rate. The greater of the Annual Percentage Rate and the Discount Rate applied to each of the Additional Receivables or the Initial Receivables, as applicable, weighted on the basis of (i) the Principal Balance and (ii) the remaining term of each such Receivable, each as of the Applicable Cutoff Date.
Weighted Average Rate means, with respect to any date of determination, a per annum rate equal to (1) the sum of (a) the product of (x) the outstanding principal amount of the Class A-1 Notes on such date and (y) the Class A-1 Rate, plus (b) the product of (x) the outstanding principal amount of the Class A-2 Notes on such date and (y) the Class A-2 Rate, plus (c) the product of (x) the outstanding principal amount of the Class A-3 Notes on such date and (y) the Class A-3 Rate, plus (D) the product of (x) the outstanding principal amount of the Class A-4 Notes on such date and (y) the Class A-4 Rate, plus (e) the product of (x) the outstanding principal amount of the Class B Notes on such date and (y) the Class B Rate, divided by (2) the sum of the outstanding principal amount of the Notes on such date, plus Certificate Balance on such date; provided, that if the date of determination is a Payment Date, then the outstanding principal amount of any class of Notes shall be determined after giving effect to all payments made on such date.
Weighted Average Rate means, for any period, the rate determined by the Custodian with reference to (a) LIBOR Rate for an interest period reasonably close to the weighted average LIBOR Rate for an interest period with respect to the Fund Investments, computed based on the face amount of each Fund Investment and the interest period(s) in effect with respect to such Fund Investments and (b) the maximum rate of all reserve requirements (including any marginal, emergency, supplemental, special or other reserves) applicable to any member bank of the Federal Reserve System in respect of LIBOR Rate liabilities as defined in Regulation D (or any successor category of liabilities under Regulation D) (collectively, the “WAR Criteria”); provided that (w) if the Administrative Agent in its sole and absolute discretion believes that the rate determined by the Custodian does not reflect the WAR Criteria, then the Administrative Agent shall determine the rate with reference to the WAR Criteria, (x) if the benchmark rate for any Fund Investment has a LIBOR Rate for an interest period of less than one (1) month, then the LIBOR Rate for an interest period with respect to such Fund Investment shall be deemed to be one (1) month, (y) if the benchmark rate for any Fund Investment is not based on the LIBOR Rate, then the LIBOR Rate interest period with respect to such Fund Investment shall be deemed to be three (3) months and (z) if no Loans are outstanding, a Default or an Event of Default has occurred or the Administrative Agent is otherwise unable to calculate the Weighted Average Rate for any reason, then the Weighted Average Rate shall be deemed to be the LIBOR Rate for an interest period of three (3) months.
Examples of Weighted Average Rate in a sentence
Computation of Weighted Average Rate of Interest excluding penal interest and additional interest on account of non-deposit of any collateral security, if any, on Loans availed for: (a) Capitalisation (b) Working Capital (c) Accumulated revenue Gap XXXV.
Interest shall accrue on the outstanding principal amount of this Note at a rate equal to the lesser of (i) Weighted Average Rate, or (ii) the highest rate permitted by applicable law, and shall be payable at such time as the principal of this Note becomes due and payable.
Croatia continued to work on improving the methodology used in calculating the Weighted Average Rate.
Continued efforts are needed to strengthen administrative capacity for the calculation of the VAT-based resource, in particular for the Weighted Average Rate (WAR) of VAT.
If the Owners provide the Security in the form of cash (the “Cash Security”), the City shall hold the Cash Security in an interest bearing account, with interest accruing at the City of Edmonton Short Term Investment Weighted Average Rate less one and one half percent (1.5%).
More Definitions of Weighted Average Rate
Weighted Average Rate means the weighted average cost of borrowing by Operating LLC as in effect from time to time, as determined in good faith by the Board.
Weighted Average Rate means --------------------- the weighted average of the rates of interest that are in effect under the Note on the first day of each calendar month (applicable for the previous month) falling within the Loan Term with. respect to each of the Portions of Principal that comprise the entire outstanding principal balance of the Loan.
Weighted Average Rate means, with respect to any date of determination, a per annum rate equal to (A) the sum of (i) the product of (x) the Outstanding Amount of the Class A-1 Notes on such date and (y) the Class A-1 Interest Rate, plus (ii) the product of (x) the Outstanding Amount of the Class A-2 Notes on such date and (y) the Class A-2 Interest Rate, plus (iii) the product of (x) the Outstanding Amount of the Class A-3 Notes on such date and (y) the Class A3 Interest Rate plus (iv) the product of (x) the Outstanding Amount of the Class A-4 Notes on such date and (y) the Class A-4 Interest Rate divided by (B) the Outstanding Amount of the Notes on such date; provided that if the date of determination is a Payment Date, then the Outstanding Amount of any class of Notes shall be determined after giving effect to all payments made on such date.
Weighted Average Rate. With respect to any Distribution Date, the per annum variable rate equal to the weighted average of the Net Mortgage Rates of the Mortgage Loans as of the first day of the calendar month immediately preceding such Distribution Date.
Weighted Average Rate means the weighted mean of the rates of interest as the case may be applicable to the Loan.
Weighted Average Rate means, with respect to any date of determination, a per annum rate equal to (1) the sum of (a) the product of (x) the outstanding principal amount of the Class A-1 Notes on such date and (y) the Class A-1 Rate, plus (b) the product of (x) the outstanding principal amount of the Class A-2 Notes on such date and (y) the Class A-2 Rate, plus (c) the product of (x) the outstanding principal amount of the Class A-3 Notes on such date and (y) the Class A-3 Rate, plus (d) the product of (x) the outstanding principal amount of the Class B Notes on such date and (y) the Class B Rate, divided by (2) the outstanding principal amount of all of the Notes on such date; provided, that if the date of determination is a Payment Date, then the outstanding principal amount of any class of Notes shall be determined after giving effect to all payments made on such date.
Weighted Average Rate means, with respect to any date of determination, a per annum rate equal to (1) the sum of (a) the product of (x) the outstanding principal amount of the Class A-1 Notes on such date, (y) the Class A-1 Rate and (z) a fraction, the numerator of which is 365 and the denominator of which is 360, plus (b) the product of (x) the outstanding principal amount of the Class A-2 Notes on such date and (y) the Class A-2 Rate, plus (c) the product of (x) the outstanding principal amount of the Class A-3 Notes on such date and (y) the Class A-3 Rate, plus (d) the product of (x) the outstanding principal amount of the Class A-4 Notes on such date and (y) the Class A-4 Rate, divided by (2) the outstanding principal amount of the Notes on such date; provided, that if the date of determination is a Payment Date, then the outstanding principal amount of any class of Notes shall be determined after giving effect to all payments made on such date. "Yield Supplement Account" shall have the meaning assigned thereto in Section 5.1(a). "Yield Supplement Agreement" shall mean the Yield Supplement Agreement, dated as of January 1, 1999, by and between the Seller and MMCA, as amended, modified or supplemented from time to time, substantially in the form of Exhibit D hereto. "Yield Supplement Amount" shall mean, with respect to any Payment Date, the sum of all Receivable Yield Supplement Amounts for the related Collection Period. "Yield Supplement Letter of Credit" shall mean any letter of credit issued by the Letter of Credit Bank, as permitted by Section 5.1, to support payments of the Yield Supplement Amount under the Yield Supplement Agreement.