Average Par Amount definition

Average Par Amount is calculated by summing the Issuer Par Amounts for all issuers, and dividing by the number of issuers.

Average Par Amount is calculated by summing the Obligor Par Amounts for all Obligors, and dividing by the number of Obligors.

Average Par Amount is calculated by summing the Obligor Par Amounts and dividing by the number of Obligors represented. For purposes of calculating the number of Obligors, any Obligors which are Affiliates will be considered one Obligor.

Examples of Average Par Amount in a sentence

• An “ Equivalent Unit Score” is calculated for each issuer, and is equal to the lesser of (x) one and (y) the Issuer Par Amount for such issuer divided by the Average Par Amount.

• An "Equivalent Unit Score" is calculated for each issuer, and is equal to the lesser of (x) one and (y) the Issuer Par Amount for such issuer divided by the Average Par Amount.

• An "Average Par Amount" is calculated by summing the Issuer Par Amounts for all issuers, and dividing by the number of issuers.

• Issuer Par Amount" is calculated for each issuer of Underlying Assets (otherthan the issuers of Defaulted Obligations) by summing the par amounts of all Underlying Assets in the Collateral issued by that issuer; provided that in calculating the Issuer Par Amount for each issuer, Affiliated issuers will be deemed to be a single issuer to the extent provided in the definition of Average Par Amount.

• Average Par Amount" is calculated by summing the Issuer Par Amounts anddividing such amount by the sum of the number of issuers of Underlying Assets (other than the issuers of Defaulted Obligations); provided that all Affiliated issuers will be deemed to be one issuer.

More Definitions of Average Par Amount

Average Par Amount means the sum of the Obligor Par Amounts for all Collateral Obligations (other than Defaulted Loans), divided by the number of Obligors in respect of such Collateral Obligations (other than Defaulted Loans); provided that, for purposes of calculating the Average Par Amount, any Obligors that are Affiliated with one another will be considered one Obligor.

Average Par Amount is calculated by summing the Issuer Par Amounts for all issuers, and dividing by the number of issuers. (c) An “Equivalent Unit Score” is calculated for each issuer, and is equal to the lesser of (x) one and (y) the Issuer Par Amount for such issuer divided by the Average Par Amount. (d) An “Aggregate Industry Equivalent Unit Score” is then calculated for each of the S&P Industry Classifications, and is equal to the sum of the Equivalent Unit Scores for each issuer in such industry classification group. (e) An “Industry Diversity Score” is then established for each S&P Industry Classification, by reference to the following table for the related Aggregate Industry Equivalent Unit Score; provided that if any Aggregate Industry Equivalent Unit Score falls between any two such scores, the applicable Industry Diversity Score shall be the lower of the two Industry Diversity Scores:

Average Par Amount means the sum of the Obligor Par Amounts for all Collateral Obligations (other than Defaulted Loans), divided by

Average Par Amount has the meaning specified in the definition of Diversity Score.

Average Par Amount is calculated by summing the Borrower Par Amounts and dividing such amount by the sum of the number of Obligors of Collateral Obligations (other than the Obligors of Defaulted Obligations); provided, that all Affiliated Obligors will be deemed to be one Obligor.

Average Par Amount is calculated as of any date of determination by dividing the Aggregate Outstanding Loan Balance as of such date by the number of Obligors on Eligible Loans that are not Delinquent Loans as of such date. For purposes of calculating the Diversity Score, all Obligors that are Affiliates of each other will be considered a single Obligor.

Average Par Amount is calculated by dividing the Aggregate Project Loan Balance by the number of Project Borrowers.