WEIGHTED AVERAGE NET CONTRACT RATE definition

WEIGHTED AVERAGE NET CONTRACT RATE. As to any Remittance Date, the per annum rate equal to (i) the weighted average of the Annual Percentage Rates borne by the Contracts that were Outstanding Contracts on the first day of the related Interest Period (weighted on the basis of the respective Scheduled Principal Balances of the Contracts on the first day of such Interest Period) less (ii) (x) if Vanderbilt is the Servicer, 0.00% or (y) if Vanderbilt is no longer the Servicer, 1.25
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WEIGHTED AVERAGE NET CONTRACT RATE means, with respect to any Distribution Date, the per annum rate equal to (i) the weighted average of the APRs borne by the Contracts and applicable to Monthly Payments due in the related Due Period less (ii) the per annum rate used to calculate the Monthly Servicing Fee.
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Related to WEIGHTED AVERAGE NET CONTRACT RATE

  • Weighted Average Net Mortgage Rate With respect to any Distribution Date, the weighted average of the applicable Net Mortgage Rates of the Mortgage Loans as of the first day of the related Due Period, weighted on the basis of their respective Stated Principal Balances as of the first day of such Due Period (after giving effect to any payments received during any applicable grace period).

  • Weighted Average Adjusted Net Mortgage Rate For any Distribution Date and Loan Group, the average of the Adjusted Net Mortgage Rate of each Mortgage Loan in that Loan Group, weighted on the basis of its Stated Principal Balance as of the Due Date in the prior month (after giving effect to Principal Prepayments in the Prepayment Period related to such prior Due Date).

  • Weighted Average S&P Recovery Rate As of any date of determination, the number, expressed as a percentage and determined separately for each Class of Secured Notes that is rated by S&P, obtained by summing the products obtained by multiplying the Principal Balance of each Collateral Obligation (other than Defaulted Obligations) by its corresponding recovery rate as determined in accordance with Section 1 of Schedule 4 hereto, dividing such sum by the Aggregate Principal Balance of all Collateral Obligations (other than Defaulted Obligations), and rounding to the nearest tenth of a percent.

  • Weighted Average Advance Rate means, as of any date of determination with respect to all Eligible Collateral Loans included in the Aggregate Net Collateral Balance, the number obtained by (a) summing the products obtained by multiplying (i) the Advance Rate of each Eligible Collateral Loan by (ii) such Eligible Collateral Loan’s contribution to the Aggregate Net Collateral Balance and dividing such sum by (b) the Aggregate Net Collateral Balance.

  • Weighted Average means a ratio of the weight of the investment by the financial market participant in an investee company in relation to the enterprise value of the investee company;