Average Maturity means, on any day, that period (expressed in days) equal to the average maturity of the Pool Receivables as shall be calculated by the Collection Agent as set forth in the most recent Investor Report in accordance with the provisions thereof; provided, however, that, if the Agent shall disagree with any such calculation, the Agent may recalculate the Average Maturity for such day.

Average Maturity means, in relation to any Facility, the weighted average maturity of all the Tranches made available under such Facility where the maturity of each Tranche is determined by reference to its final scheduled repayment date (for Tranches where the principal is repaid in full in one single payment at its maturity) or the scheduled amortisations of Financial Assistance (or Tranches thereof) (for any Tranche the principal of which is repayable in scheduled instalments).

Average Maturity means at any time that period of days equal to the average maturity of the Pool Receivables calculated by the Servicer in the then most recent Seller Report; PROVIDED that if the Administrator shall have a reasonable basis to disagree with any such calculation, the Administrator may recalculate such Average Maturity, and any such recalculation shall be prima facie evidence of such Average Maturity.

Examples of Average Maturity in a sentence

Weighted Average Maturity (WAM) calculates an average time to maturity of all of the securities held in the portfolio, weighted by each security's percentage of the portfolio's amortized cost.
Average Maturity: computed by weighting the maturity of each security in the portfolio by the market value of the security, then averaging these weighted figures.
The Fund is to have a Weighted Average Maturity of no more than 60 days.
See "Weighted Average Maturity." Money Market Mutual Fund — Mutual funds that invest solely in money market instruments (short-term debt instruments, such as Treasury bills, commercial paper, bankers' acceptances, repos and federal funds).
Securities need not be liquidated to realign the portfolio; however, consideration should be given to this matter when future purchases are made to ensure that the appropriate Weighted Average Maturity is maintained.

More Definitions of Average Maturity

Average Maturity means the average maturity of the Bonds as defined in Section 147(b) of the Code.

Average Maturity has the meaning set forth in Appendix B .

Average Maturity means, on any day, that period (expressed in days) equal to the weighted average maturity of the Receivables as shall be calculated by the Servicer as set forth in the most recent Investor Report or Weekly Report in accordance with the provisions thereof; provided, however, that if the Program Agent should determine that such method of calculation no longer accurately reflects the average maturity of the Receivables, the Program Agent may recalculate the Average Maturity for such day using the Program Agent's own method.

Average Maturity means with respect to any Receivables Pool on any day, ---------------- that period (expressed in days) equal to the weighted average maturity of the Pool Receivables, as calculated by the Collection Agent and as set forth in the most recent Receivables Activity Report with respect to such Receivables Pool; provided, however, that if the Purchaser shall reasonably -------- ------- disagree with any such calculation, the Purchaser may recalculate the Average Maturity for such period (which calculation shall be conclusive).

Average Maturity means, in relation to any Facility, the weighted average maturity of all the Disbursements made available under such Facility where the maturity of each Disbursement is determined by reference to its final scheduled repayment date (for Disbursements where the principal is repaid in full in one single payment at its maturity) or the scheduled amortisations of Financial Assistance (or Disbursements thereof) (for any Disbursements the principal of which is repayable in scheduled instalments).