Common use of Weighted Average Maturity Clause in Contracts

Weighted Average Maturity. The weighted average maturity (defined below) of the Issue is [ ] year and the remaining weighted average maturity of the Current Refunded Notes is [ ] years. The weighted average maturity of an issue is equal to the sum of the products of the Initial Offering Price of each maturity of the issue and the number of years to the maturity date of the respective maturity (taking into account mandatory but not optional redemptions), divided by the Initial Offering Price of the entire Issue.

Appears in 1 contract

Sources: Note Purchase Agreement

Weighted Average Maturity. The weighted average maturity (defined below) of the Issue is [ ] year ______ years, and the remaining weighted average maturity of the Current Refunded Notes Bonds is [ ] ______ years. The weighted average maturity of an issue is equal to the sum of the products of the Initial Offering Price issue price of each maturity of the issue and the number of years to the maturity date of the respective maturity (taking into account mandatory but not optional redemptions), divided by the Initial Offering Price issue price of the entire Issueissue.

Appears in 1 contract

Sources: Bond Purchase Agreement

Weighted Average Maturity. The weighted average maturity (defined below) of the Issue is [ ] year and the remaining weighted average maturity of the Current Refunded Notes is [ [-] years. The weighted average maturity of an issue is equal to the sum of the products of the Initial Offering Price issue price of each maturity of the issue and the number of years to the maturity date of the respective maturity (taking into account mandatory but not optional redemptions), divided by the Initial Offering Price issue price of the entire Issueissue.

Appears in 1 contract

Sources: Purchase Contract