WAL definition
WAL means the weighted average life of the Transaction determined in the manner described in "Volatility Cushions" appearing in the Fitch Criteria;
WAL means the weighted average life of the derivative (in years, rounded upwards to the next integer) determined on the basis of (1) a constant prepayment rate (CPR) equal to the lesser of (i) 5% and (ii) the annualised CPR on the trust plus scheduled amortisation of the loans (2) zero defaults and (3) non-exercise of the call option attached to the Relevant Notes; and
WAL means any one of the groupings of Nuclear Asset-Recovery Bonds of a Series differentiated by sinking fund schedule, interest rate or sinking fund schedule, as specified in the Series Supplement.
Examples of WAL in a sentence
The Original WAL of the Loan is fifteen point twenty-five (15.25) years.
If the Bank accepts the Borrower’s request, the Amortization Schedule Modification Notification Letter will include: (i) the new Amortization Schedule for the Loan or Loan Tranche; (ii) the cumulative WAL of the Loan; and (iii) the effective date of the new Amortization Schedule.
Such counsel shall be entitled to rely upon representation letters from each of WAL, Target and others, in each case, in form and substance reasonably satisfactory to such counsel.
Such counsel shall be entitled to rely upon representation letters from each of Target, WAL and others, in each case, in form and substance reasonably satisfactory to such counsel.
Accordingly, the parties agree that WAL shall be entitled to injunctive relief against Stockholder in the event of any breach or threatened breach of any of such covenants, in addition to any other relief (including money damages) available to WAL under this Agreement or under law.
More Definitions of WAL
WAL means, in relation to the S&P Criteria, the weighted average life (in years, rounded upwards to the next integer) determined on the basis of a prepayment rate of 0.0% or such other stressed loan prepayment rate as indicated in the relevant criteria for the hedged asset or liability. Remaining swap tenor to WAL (years) Option 1 Option 2 Tenor < 3 5.0 3.0 3 < Tenor < 5 8.0 4.0 5 < Tenor < 10 9.0 4.5 10 < Tenor < 15 11.0 5.0 Tenor >15 13.0 5.5 (C) Fitch
WAL means the weighted average life, whether the Original WAL or the weighted average life resulting from a modification of the Amortization Schedule, as a result of a Conversion or otherwise. The WAL is calculated in years (to two decimal places) based on the Amortization Schedule of all tranches of the Loan and is defined as the division of (i) by (ii) below, where:
(i) is the sum of the products of (A) and (B), defined as:
(A) the amount of each amortization payment;
(B) the difference in the number of days between the amortization payment date and the execution date of this Contract, divided by 365 days;
(ii) the sum of amortization payments. The applicable formula is the following: m n PDi, j − ED ∑∑ A × j =1 i =1 i , j 365 = Ai,j is the amortization amount referring to payment i of tranche j, calculated in Dollar equivalent at the exchange rate determined by the Calculation Agent, for the date of modification of the Amortization Schedule. PDi,j is the payment date referring to payment i of tranche j. ED is the execution date (date of signature) of this Contract.
WAL means the weighted average life, whether the Original WAL or the weighted average life resulting from a modification of the Amortization Schedule, as a result of a Conversion or otherwise. The WAL is calculated in years (to two decimal places), based on the Amortization Schedule of all tranches of the Loan and is defined as the division of (i) by (ii) below, where:
(i) is the sum of the products of (A) and (B), defined as:
(A) the amount of each amortization payment;
(B) the difference in the number of days between the amortization payment date and the execution date of this Contract, divided by 365 days;
(ii) the sum of amortization payments. m n ⎛ PDi, j − ED ⎞ ∑∑ A ×⎜ ⎟ j =1 i =1 i, j ⎜ 365 ⎟ = ⎝ ⎠ Ai,j is the amortization amount referring to payment i of tranche j, calculated in Dollars, or in the case of a Conversion, in Dollar equivalent, at the exchange rate determined by the Calculation Agent, for the date of modification of the Amortization Schedule. PDi,j is the payment date referring to payment i of tranche j. ED is the date of signature of this Contract. TA is the sum of all Aij, calculated in Dollars, or in the case of a Conversion, in Dollar equivalent, as of the date of the calculation at the exchange rate determined by the Calculation Agent. CHAPTER III
WAL has the meaning set forth in the preamble hereto.
WAL means the weighted average life in years of the Loans in the Portfolio, rounded upwards to the nearest whole year assuming a zero prepayment rate and zero default rate in relation to the Loans in the Portfolio.
WAL. Volatility buffers applying on a downgrade of the rating of the Covered Bonds are detailed in the S&P Criteria as set out in S&P’s “Counterparty Risk Framework Methodology and Assumptions” criteria dated 29 November 2012.
WAL means the weighted average life of the Transaction (in years, rounded upwards to the next integer) as determined by the Valuation Agent based on a prepayment assumption capped at the lowest of: (i) 5% a year, (ii) the portfolio-specific prepayment rate reported over the previous 6 months, and (iii) the counterparty’s internal prepayment rate assumption. Alternatively, a zero prepayment assumption may be applied.