Weighted Average Life Clause Samples

Weighted Average Life. The weighted average life of the refinancing or refunding loan is not less than the weighted average remaining life of the loan being refinanced.
View SourceView Similar (2)
Weighted Average Life. Mellon shall upon reasonable request provide supporting information to the Fund to aid in the preparation and filing of Form N-CR. The Fund acknowledges that BNY Mellon will not be performing the actual preparation and filing of Form N-CR, and the information requested must be information maintained on the BNY Mellon accounting platform in the ordinary course of providing the services described in the Agreement or, when mutually agreed upon in advance, otherwise available or determinable by BNY Mellon with commercially reasonable efforts. BNY Mellon shall also notify the Fund if it becomes aware in the ordinary course of providing such services to the Fund of the occurrence of certain material events, as specified in Form N-CR, which would require the Fund to file a Form N-CR pursuant to Rule 30b1-8. These include, but are not limited to, monitoring and reporting on daily ▇▇▇▇-to-market net asset value, including events that would trigger the requirement to file a Form N-CR if (i) a Portfolio’s current net asset value per share deviates downward from its intended stable price per share by more than 0.25% or (ii) if any security experiences a default or event of insolvency that, immediately before the default or event of insolvency, accounts for 0.50% of a Portfolio’s total assets. Nothing herein should be construed as limiting or diminishing any reporting or monitoring obligations of BNYM under the Agreement as heretofore amended.
View SourceView Similar (2)
Weighted Average Life. Assuming the Offered Notes are paid in full on the Series 2025-1 Anticipated Repayment Date, Series 2025-1 Class A-2 Scheduled Principal Payments are made on time, the Series 2025-1 Class A-2 Non-Amortization Test is never satisfied and no prepayment is made on the Offered Notes, the Weighted Average Life for the Series 2025-1 Class A-2 Notes will be 4.9 years.
View SourceView Similar (2)

Related to Weighted Average Life

  • Spread; Spread Multiplier; Index Maturity The “Spread” is the number of basis points (one one-hundredth of a percentage point) specified on the face hereof to be added to or subtracted from the related Interest Rate Basis or Interest Rate Bases applicable to this Note. The “Spread Multiplier” is the percentage specified on the face hereof of the related Interest Rate Basis or Interest Rate Bases applicable to this Note by which the Interest Rate Basis or Interest Rate Bases will be multiplied to determine the applicable interest rate. The “Index Maturity” is the period to maturity of the instrument or obligation with respect to which the related Interest Rate Basis or Interest Rate Bases will be calculated.

  • Constant Maturity Swap Rate Notes If the Interest Rate Basis is the Constant Maturity Swap Rate, this Note shall be deemed a “Constant Maturity Swap Rate Note.” Unless otherwise specified on the face hereof, “Constant Maturity Swap Rate” means: (1) the rate for U.S. dollar swaps with the designated maturity specified in the applicable pricing supplement, expressed as a percentage, which appears on the Reuters Screen (or any successor service) ISDAFIX1 Page as of 11:00 A.M., New York City time, on the particular Interest Determination Date; or (2) if the rate referred to in clause (1) does not appear on the Reuters Screen (or any successor service) ISDAFIX1 Page by 2:00 P.M., New York City time, on such Interest Determination Date, a percentage determined on the basis of the mid-market semiannual swap rate quotations provided by the reference banks (as defined below) as of approximately 11:00 A.M., New York City time, on such Interest Determination Date, and, for this purpose, the semi-annual swap rate means the mean of the bid and offered rates for the semi-annual fixed leg, calculated on a 30/360 day count basis, of a fixed-for-floating U.S. dollar interest rate swap transaction with a term equal to the designated maturity

  • Discount Percentage The Discount Percentage shall be based upon the monthly average of the net assets of all of the funds on Master Schedule A to Management Contracts (“Group Assets”), as may be updated from time to time, and the monthly average of the net assets of the Fund (computed in the manner set forth in the Trust’s Declaration of Trust or other organizational document) determined as of the close of business on each business day throughout the month. After determination of the average Group Assets tier bound level in Master Schedule B to Management Contracts, as may be updated from time to time, which is hereby incorporated by reference into this Contract, the Discount Percentage shall be determined on a cumulative basis pursuant to the schedule set forth in Master Schedule B to Management Contracts.

  • Reserve Percentage For any Interest Period, that percentage which is specified three (3) Business Days before the first day of such Interest Period by the Board of Governors of the Federal Reserve System (or any successor) or any other governmental or quasi-governmental authority with jurisdiction over Agent or any Lender for determining the maximum reserve requirement (including, but not limited to, any marginal reserve requirement) for Agent or any Lender with respect to liabilities constituting of or including (among other liabilities) Eurocurrency liabilities in an amount equal to that portion of the Loan affected by such Interest Period and with a maturity equal to such Interest Period.

  • Spread A constant or variable percentage or number to be added to or subtracted from the relevant Index for a Variable Rate Debt Security.