Common use of Weighted Average Coupon Clause in Contracts

Weighted Average Coupon. As of any Measurement Date shall equal a fraction (expressed as a percentage and rounded up to the next 0.001%) equal to the sum of the weighted average coupons on the Collateral Values of all Eligible Loans, other than any Excluded Loan or any Loan, or portion thereof which is then included in the computation of Excess Concentration Amount, which are Fixed Rate Loans determined by (i) multiplying the Collateral Value of each such Fixed Rate Loan by the current cash-pay per annum rate at which it pays interest, (ii) summing the amounts determined pursuant to clause (i) for all such Eligible Loans, and (iii) dividing such sum by the aggregate Collateral Values of all such Eligible Loans, provided that if the rate on any such Eligible Loan is variable, the lowest rate applicable to such Eligible Loan shall be used in making such calculation.