Average Maturity definition

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.

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

Examples of Average Maturity in a sentence

• In order to calculate the Average Maturities referred to in paragraphs 1 and 2, the following formulae will be used: Average Maturity of a Tranche is the period of time between the Disbursement Date of the respective Tranche and the weighted average of its capital reimbursements.

• The Average Maturity of the Tranches of an Instalment shall be set so that the Average Maturity of the Loan shall be, at any moment, in line with paragraph 1.

• The resulting product shall then be divided by the number of whole months (using a thirty-day month) in the Average Maturity Period, yielding a quotient (the "Quotient").

• The calculation for Weighted Average Maturity by Reset will be based on Final Maturity for Fixed Rate Instruments or the Interest Reset date for Floating Rate Instruments.

• Such Hedging -------------------- Arrangements shall protect Transferee from differences between a fixed interest rate equal to the interpolated yield to maturity of the Treasury security with a maturity equal to the then Average Maturity and a floating interest rate equal to the Commercial Paper Rate or Eurodollar Rate (Reserve Adjusted).

More Definitions of Average Maturity

Average Maturity means at any time that period of days equal to the average maturity of the Pool Receivables calculated by the Collection Agent in the then most recent Seller Report; provided if the Agent reasonably disputes any such calculation, the Agent may recalculate such Average Maturity.

Average Maturity means the average maturity of obligations 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 the weighted average maturity of the Series 2016 Bonds as defined in Section 147(b) of the Code.

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).

Average Maturity means, at any time, that period of days equal to the average days sales outstanding of the Pool Receivables calculated by the Servicer as of the most recent CutOff Date.